Work in progress (WIP)

This four hour “Lunch n’ Learn” session focuses on explaining what the work-in-progress (WIP) schedule is and how it can be used to drive operational performance. It is geared toward financial managers as well as operations managers. The class will help everyone understand not only the basics of the WIP but also understanding the cause and effect of changes. It wraps up with a great hands-on learning exercise.

• WIP Basics: Each segment of the WIP is discussed as it relates to the actual processes of creating that segment
• Understanding Cause and Effect: You will gain a complete understanding of the life cycle of the Work-In-Progress from the estimate through contract change orders and billing to profit fade.
• Relaying Critical Information: Learn where accounting and the finance department interact with operations and project management. Examine how your organization utilizes information and how it might improve. What are the AAA’s – Assemble, Analyze and Apply.
• Testing Your Knowledge: Practical exercises will be presented to reinforce what has been learned in the session. Walk away with valuable new awareness and management skills that can be applied immediately.

Spend the afternoon with a construction industry CFO / Consultant along with some of your peers learning best-practices in WIP management.

The insight offered in this lunch and learn session will benefit owners as well as the entire project team including accounting, superintendents, project managers and estimators.

Session By: LeAnn Evoniuk

Investment: $65 Per Person(Register Below)

A percentage of profits from the classes will be donated to Habitat for Humanity. With the purchase of one training class, the company will contribute 10 percent to the nonprofit organization that is dedicated to making decent shelter a matter of conscience and action.

FREE BOOK: Customer Service and the Project Team, offered to both class attendees and those seeking information on classes delves into applicable ideas and solutions that contractors can use to improve the level of their customer service throughout the lifecycle of a project. From the estimating and bid phase through the project close-out, the valuable module gives information that can create outstanding customer service and ultimately increase an organization’s success and longevity.