MANAGERIAL ACCOUNTING & FINANCIAL PLANNING – FOR CONSTRUCTION PROJECTS
“Improving Project Profitability through Cost Control, Budgeting, and Strategic Financial Planning”
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Course Schedule
| Date | Venue | Fees (Face-to-Face) |
|---|---|---|
| 03 – 05 Mar 2025 | Doha, Qatar | USD 2495 per delegate |
Course Introduction
Construction projects are financially complex, with tight margins, fluctuating costs, and long execution cycles. Project managers and finance professionals in the construction industry must be equipped with specialized accounting and financial planning skills to manage budgets, track costs, and support profitability throughout the project lifecycle.
This intensive 3-day course provides the knowledge and tools needed to integrate managerial accounting principles with construction project realities. From budget development to variance analysis and financial forecasting, participants will learn how to deliver successful projects through effective financial control and decision-making.
Course Objectives
By the end of this course, participants will be able to:
• Prepare and manage construction project budgets and cost reports
• Apply managerial accounting principles to track project financial performance
• Forecast project cash flows and monitor working capital needs
• Identify financial risks and apply controls for cost overruns
• Communicate financial insights effectively to stakeholders and decision-makers
Key Benefits of Attending
• Gain practical skills in construction cost control and financial analysis
• Improve financial forecasting and reporting accuracy on projects
• Support decision-making with reliable financial data and planning tools
• Minimize project delays and cost overruns through better financial oversight
• Align financial and operational planning for project success
Intended Audience
This program is designed for:
• Project managers and site engineers
• Construction accountants and controllers
• Cost engineers and quantity surveyors
• Finance managers and planners in construction firms
• Contract and procurement professionals involved in project execution
Individual Benefits
Key competencies that will be developed include:
• Project cost estimation and allocation techniques
• Budgeting, forecasting, and break-even analysis
• Earned value management (EVM) and progress tracking
• Cash flow planning for project-based environments
• Performance measurement and variance analysis
Organization Benefits
Upon completing the training course, participants will demonstrate:
• Enhanced control over construction project costs and profitability
• Better alignment of project budgets with financial goals
• Early identification of cost deviations and corrective actions
• Strengthened communication between finance and project teams
• Improved transparency and accountability in project reporting
Instructional Methdology
The course follows a blended learning approach combining theory with practice:
• Strategy Briefings – Industry-specific accounting and planning principles
• Case Studies – Real-world construction project budgeting challenges
• Workshops – Forecasting models, variance analysis, and cost control exercises
• Peer Exchange – Shared experiences from participants across construction sectors
• Tools – Excel templates for budget tracking, cash flow modeling, and performance reports
Course Outline
Detailed 3-Day Course Outline
Training Hours: 07:30 AM – 3:30 PM
Daily Format: 3–4 Learning Modules | Coffee breaks: 09:30 & 11:15 | Lunch Buffet: 01:00 – 02:00
Day 1: Financial Foundations in Construction Projects
Module 1: Managerial Accounting Principles (07:30 – 09:30)
• Cost behavior, cost types, and construction accounting basics
Module 2: Budgeting and Cost Estimation (09:45 – 11:15)
• Creating project budgets from BOQs and WBS structures
Module 3: Financial Planning and Cash Flow Forecasting (11:30 – 01:00)
• Inflows, outflows, retention, and progress payments
Module 4: Workshop – Develop a Project Budget Plan (02:00 – 03:30)
Day 2: Monitoring, Reporting, and Variance Analysis
Module 1: Earned Value Management (EVM) (07:30 – 09:30)
• Budgeted cost vs actual cost vs earned value metrics
Module 2: Variance Analysis and Cost Control Techniques (09:45 – 11:15)
• Identifying and responding to financial deviations
Module 3: Project Financial Reporting (11:30 – 01:00)
• Cash flow reports, performance dashboards, and financial KPIs
Module 4: Workshop – Cost Variance Investigation & Reporting (02:00 – 03:30)
Day 3: Decision-Making, Risk, and Strategic Planning
Module 1: Project-Based Financial Decision Making (07:30 – 09:30)
• Capital budgeting, break-even, NPV, and ROI for projects
Module 2: Managing Financial Risk in Construction (09:45 – 11:15)
• Delays, inflation, contract risks, and contingency planning
Module 3: Aligning Finance with Project Strategy (11:30 – 01:00)
• Communicating financial information to stakeholders
Module 4: Certification and Wrap-Up (02:00 – 03:30)
• Final case discussion, review, and certificate distribution
Certification
Participants will receive a Certificate of Completion in Managerial Accounting & Financial Planning – For Construction Projects, validating their capability to manage project finances with greater accuracy, discipline, and strategic insight.