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More Info
Advanced WIP in Construction - Live Event
$276.00
Member price: $207.00
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Time: 3:00PM - 5:00 PM (ET), 12:00PM - 2:00 PM (PT)
This four-hour concentrated course will provide an advanced view of the work-in-progress (WIP) schedule. More than a reporting tool, the WIP is a financial management tool for a construction company. This course is intended to help attendees learn strategies to turn unexpected profit fade and enhancements into predictable events.
Learning Objectives
After this session, you will be able to:
- Evaluate strategies for allocating costs to contracts
- Explore issues relating to revenue recognition on contracts
- Discuss change orders and variable consideration with a focus on impacts to gross profit and revenue recognition
- Describe the role of the formal project cost review process in the outcome of the WIP
- Discuss WIP analysis techniques, tips, and tricks
