This course is designed to equip construction professionals with the advanced skills necessary for planning, developing, and managing capital budgets for large-scale construction projects, ensuring financial discipline and project success.
Participants will learn to navigate the financial complexities of large-scale construction projects through effective capital budgeting techniques. The course covers budget preparation, cost management, funding strategies, and financial analysis, enabling professionals to maximize financial resources and meet project objectives efficiently.
Target Group
Target Group:
Construction Project Managers
Financial Managers and Analysts in Construction
Quantity Surveyors and Cost Engineers
Senior Executives overseeing large capital projects
Investment and Funding Specialists involved in construction
Goals
Master the fundamentals of capital budgeting specific to construction projects.
Develop comprehensive strategies for funding and expenditures.
Utilize advanced tools for financial forecasting and analysis.
Implement controls to monitor and adjust budgets as projects evolve.
Ensure alignment of project financial management with strategic business goals.
Target Competencies
Capital Budgeting: Expertise in developing and managing substantial construction budgets.
Financial Forecasting: Skills in predicting financial needs and cash flow requirements.
Cost Control: Ability to implement measures to keep project spending within budget limits.
Strategic Financial Planning: Proficiency in aligning financial plans with long-term project goals.
Risk Management: Competence in identifying financial risks and implementing mitigation strategies.
Outlines
Introduction to Capital Budgeting in Construction
Principles of Capital Budgeting
The Role of Budgeting in Construction Project Management
Setting Financial Goals and Objectives for Construction Projects
Overview of Funding Options for Capital Projects
Regulatory and Compliance Issues in Construction Finance
Developing the Project Budget
Techniques for Accurate Cost Estimation
Structuring the Capital Budget: Fixed vs. Variable Costs
Incorporating Risk Premiums and Contingency Plans
Case Study: Building a Budget for a Multimillion-Dollar Construction Project
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