Construction Project Management: Project Financial Management

Did you know the project manager bears the overall responsibility for financial management of the work on a construction project? This includes carrying out such fiscal duties as may be imposed by the construction contract and implementing appropriate monetary procedures according to the dictates of good business practice. Project financial management can involve a broad range of responsibilities. This interactive online course covers project cost breakdowns, the forecasted schedule of progress payments, preparation or approval of periodic pay estimates, and documentation required for final payment. You will also learn how to monitor project cash requirements during the contract period and maintain complete and detailed daily records of the project.