WORKSHOP - Project Managers Guide to Accounting Practices, Cost Controls & Financial Reports
Successful projects aren't just delivered on time-they're delivered with strong financial oversight, clear communication, and cost-conscious leadership. If you're a project manager, coordinator, or field supervisor aiming to sharpen your financial know-how, this course connects the dots between project execution and accounting performance.
Led by Wayne Newell, a seasoned expert with over 35 years in finance and construction, Financial Mastery for Project Managers empowers you to lead with greater insight and make better-informed decisions at every phase of the project lifecycle.
This isn't just a sit-and-listen course. Expect interactive sessions, real-world discussions, and tools you can immediately apply.
What You'll Learn
This practical course equips you with the core financial and strategic skills needed to manage complex projects with control and confidence.
Project Management Essentials
- Understand the financial responsibilities of the entire project team
- Align project execution with organizational strategy
Industry Risks & Realities
- Navigate unique construction challenges and contract types
- Tackle productivity dips, labour shortages, and overhead inefficiencies
Cost Control & Financial Reporting
- Master revenue recognition, cost accruals, and cash flow forecasts
- Learn to develop receivables strategies and assess asset acquisitions
Accounting Foundations
- Grasp the essentials of GAAP and common financial terminology
- Build confidence when reviewing or discussing financial statements
Labour & Productivity Insights
- Break down labour as a cost driver
- Explore recruiting strategies for young workers, immigrants, and women in trades
Strategic Risk & Close-Out Management
- Minimize risk through overhead control and cost forecasting
- Learn to close out projects smoothly-with accurate reports and fewer surprises
Why This Course Matters
Construction project managers are often caught between on-site demands and back-office expectations. This course helps bridge that gap, enabling you to:
Make sound financial decisions
Communicate more effectively with accounting teams
Minimize unnecessary costs and increase overall profitability
Lead projects that deliver beyond just scope and schedule
Who Should Attend?
This course is ideal for construction professionals ready to level up their financial and strategic leadership:
- Project Managers looking to boost profitability
- Coordinators & Estimators refining their financial toolkit
- Field Supervisors & Department Heads seeking operational clarity
- Gold Seal Candidates building a competitive edge
- Senior Managers & Owners aiming for scalable, sustainable growth
If you influence project outcomes, financial decisions, or team performance-this course is for you.