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CFMA's 2017 Annual Conference and Exhibition

MC7 - Work in Progress: A Deep Dive & Advanced Perspective of WIP


Jun 4, 2017 7:30am ‐ Jun 4, 2017 12:00pm


Standard: $130.00
Members: $91.00

Description

Your WIP is more than just a reporting tool; it is a financial management tool for your construction company. This intensive course will provide an advanced view of the WIP schedule and teach you strategies that will turn unexpected profit fade and enhancements into predictable events.

Learning Objectives:

  • Discuss change orders/additional purchase orders and how they impact gross profit and revenue expectations.
  • Explain how your Work in Progress schedule (WIP) is more than just a reporting tool.
  • Discuss how different contract types are managed on your WIP.
  • Discuss WIP analysis techniques, tips and tricks.
  • Show how to account for self-performed work on your WIP without double counting.

Speaker(s):

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