The Art of Profit Protection

Once a project is bid and won, the success of the operations team determines the job’s financial success or failure. Upon developing a detailed understanding of the job and the considerations of how the bid was put together, you can formulate an expected level of profit for the project. The end result will move, favorably or unfavorably, based on various risk or opportunity factors specific to that project.

In this session, participants will explore the importance of identifying and quantifying those factors considered during the bid phase and at the start of the job to provide better oversight and management throughout the job. Risk and opportunity factors can be used to create a scorecard that clearly defines project success for financial and non-financial team members alike.

After this session, you will be able to:

  • Define elements that determine a job’s financial success or failure.
  • Discern the importance of identifying and quantifying risk and opportunity factors.
  • Determine the benefits of a scorecard that defines success.

Level & Prerequisites
This program is an Intermediate level online self-study course that was developed for professionals with mid- to senior-level experience in construction finance. No prerequisites or advanced preparation is required.

CPE Information
Earn 1 CPE credits in the field of Accounting upon successfully completing this course and achieving at least 70% on the final exam.

CCIFP Information
Earn 1 CCIFP Professional Development credits which can be applied toward the General or Construction Knowledge requirement.

CPE Note
Please note: this on-demand course was reformatted from a session from CFMA’s 2024 Annual Conference. Learners are only authorized to claim CPEs for this course once.

Course Length

The estimated time to complete the course and final exam is approximately 50 minutes, depending on the pace of the learner.

Who Should Take This Course?

  • Business Owners
  • CFOs
  • Construction Financial Professionals
  • Contractors
  • Controllers
  • CPAs
  • Professional Advisors
  • Risk Managers
  • Subcontractors

Price

  • $85 for CFMA Members
  • $105 for Non-Members

Contributing Developer

CFMA Colleague Discount

If you are a CFMA member and would like to enroll someone at your company in this course who is not a CFMA member, please contact CFMA at education@cfma.org for more information.

CFMA Group Discount

If you are interested in registering a group of individuals at your company, please contact CFMA at education@cfma.org for more information.