CON 4021 - Construction Finance and Accounting

• Explain the information flow between cost control and other commonly interacting construction project disciplines
• Describe the steps in the transmission of typical job site labor, materials, equipment cost data, through typical project performance reports, to its effect on company financial reports
• Formulate a suitable work breakdown structure for a building construction project of modest scope
• Compose an accurate earned value analysis and evaluate possible causes of performance variances and actionable remedies for unacceptable performance of a typical construction project
• Compare and contrast multiple special concerns and techniques for controlling various types of direct and indirect project costs
• Explain the significance of at least three ethical imperatives for construction cost engineers

• None

• Business financial reporting and analysis
• Risk management, insurance & bonds
• Construction and cost accounting practices and procedures
• Creating construction budgets from estimates
• Construction cost engineering to include forecasting and revenue projections
• Earned Value Management (EVM)
• Work Breakdown Structure (WBS)
• Jobsite labor and performance reporting
• Direct and indirect cost reporting
• Present cost and future cost analysis
• Life cycle analysis
• Pay request process and cash flow
• Introduction to lean construction practices and continuous improvement