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Maximize Margins in Construction by Managing Labor Costs in Real Time - On-Demand CPE

$65.00
Member price: $55.00

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Labor cost management is one of the largest challenges construction companies are faced with. Project overages negatively impact profits and competitiveness, making this issue a key area for most companies to focus on improving. To combat this issue, tracking labor costs in real-time can help identify labor overages early on so action can be taken to minimize further impact. This course will help you understand how impactful labor cost management is on company performance and provide steps to start tracking labor in real time.

Learning Objectives

After this course, you will be able to:
  • Recognize the impact of labor overages on company and project performance.
  • Express the importance of real-time tracking of field labor.
  • Discuss the impact that delayed labor cost visibility has on internal and external stakeholders.
  • Outline how adjustments to labor cost tracking can be implemented within your organization.

Prerequisites

This program is a Basic level online self-study course that was developed for professionals with 0-3 years of experience in construction finance. No prerequisites or advanced preparation is required.

CPE Credits

0.5 CPE credits

CPE/CCIFP Information

Earn .5 CPE/CCIFP Professional Development credits, which can be applied toward the General or Construction Knowledge requirement upon successful completion and achieving at least 70% on the final exam. Please note: this on-demand course was reformatted from a session from CFMA’s 2024 Annual Conference. Learners are only authorized to claim CPEs for this course once.

Course Length

The estimated time to complete the course and final exam is approximately 50 minutes, depending on the pace of the learner.

Who Should Attend:

  • Business Owners
  • CFOs
  • Construction Financial Professionals
  • Contractors
  • Controllers
  • CPAs
  • Professional Advisors
  • Risk Managers
  • Subcontractors

Topics:

Accounting