Construction Finance Management

Columbia Engineering Executive Education

Columbia Engineering Executive Education

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Who should attend

The Construction Finance Management course teaches an all-important skill when it comes to construction and development: how to finish a project on time and on budget. In this course, you’ll learn how to control costs and monitor project cash flow, and get hands-on experience by working on a break-even analysis of construction tasks in a project. If you’re interested in real estate development and currently work in construction, this course is right for you.

This course is designed for:

  • Real estate developers
  • Real estate investors
  • Construction project managers
  • Construction cost estimators

About the course

The total value of new private construction in the U.S. is on the rise. In 2018, private sector construction spending was valued at around $992 billion. However, according to KPMG International, only a quarter of those projects were completed within 10% of their original deadlines in the past 3 years, while just 31% stayed within 10% of their original budgets. The industry is in need of skilled professionals who know how to manage budgets and schedules.

This course will teach you about the types of cost estimation involved in projects — from conceptual design phase through the end of a project. By the end of the course, you will have a robust understanding of finance, budgeting, and cost estimates for construction projects.

Emeritus and Columbia Engineering Executive Education

Columbia Engineering Executive Education is collaborating with online education provider Emeritus to offer executive education courses.

An Emeritus Certificate course created in collaboration with Columbia Engineering Executive Education is based on syllabus approved by Columbia Engineering Executive Education, and contains video content created and recorded by Columbia Engineering Executive Education faculty, combined with assessments, assignments, projects, cases, and exercises delivered by Emeritus. Upon successful completion of the course, learners will be awarded a certificate jointly by Emeritus and Columbia Engineering Executive Education.

SYLLABUS

Module 1 - Intro to Types of Construction Estimating and Pricing

  • Understanding design in the construction industry
  • Overview of the types of cost estimates
  • Understanding cost indices
  • How to measure facades and finishes, define the cut and fill process, calculate caisson and pile costs on a construction project, calculate the concrete takeoff and quantify the rebar on a construction project.

Module 2 - Quantity Take off and Measurement

  • Understanding structural steel
  • Learning about concrete and reinforcing steel
  • Estimating equipment costs

Module 3 - Building the Estimate, Procurement, and Post Control and Cost Estimation

  • Estimate classification, methods and formats
  • Building and finalizing the estimate
  • Checks and due diligence
  • Bids and procurement
  • Cost reporting
  • Change orders and communication

Module 4 - Cost Control Methods and Earned Value Method

  • Methods of cost control
  • Defining EVM
  • Closing out a project
  • Cost estimation
  • The role and responsibilities of a cost managers

Module 5 - Project Cash Flow

  • Cash flow methods
  • Charting cash flow
  • Calculating billing
  • The payment cycle
  • Accelerating revenue

Module 6 - Program Cost Estimating and Technology Trends in Cost Estimating

  • Program cost control
  • Defining the cost of a capital program
  • Estimating software in action
  • Workflows

Module 7 - The Mathematics of Money

  • Computing interest calculations
  • The present and future value of money

Module 8 - Real Estate Finance for Development Projects

  • Introduction to financing development projects
  • Development costs
  • “Comps” based property sale, tax, gain and return
  • “Cap rate” based sale, tax, gain and return
  • “Discounted cash flow” methods for gain and return

Module 9 - Financial Plans for Development Projects

  • Introduction to financial plans for development projects
  • Debt financing of real estate projects
  • Net comprehensive cash flows for sponsor and lender
  • DCF project evaluation for sponsor and lender

Module 10 - Financial Plans: Decision Tree Analysis For Real Estate Projects

  • Introduction to decision tree analysis

Module 11 - Project Finance and Risk in Project Finance

  • Global project finance overview
  • Stakeholders in project finance
  • Principles of project financing
  • Risk and risk allocation
  • Contracts and agreements

Module 12 - Lean in Cost Control and Construction Finance

  • Money and estimate in capital project delivery
  • Benchmarking and normalization process
  • Mitigating risk through lean project delivery systems
  • How to access probability and mitigate

LEARNING EXPERIENCE

Emeritus follows a unique online model. This model has ensured that nearly 90 percent of our learners complete their course.

Orientation Week

The first week is orientation week. During this week you will be introduced to the other participants in the class from across the world. You will also learn how to use the learning platform and other learning tools provided.

Weekly Goals

On other weeks, you have learning goals set for the week. The goals would include watching the video lectures and completing the assignments. All assignments have weekly deadlines.
 Recorded Video Lectures

The recorded video lectures are by faculty from the collaborating university.

Live Webinars

Every few weeks, there are live webinars conducted by Emeritus course leaders. Course leaders are highly-experienced industry practitioners who contextualize the video lectures and assist with questions you may have regarding your assignments. Live webinars are usually conducted between 1 pm and 3 pm UTC on Tuesdays and Wednesdays.

Clarifying Doubts

In addition to the live webinars, for some courses, the course leaders conduct Office Hours, which are webinar sessions that are open to all learners. During Office Hours, learners ask questions and course leaders respond. These are usually conducted every alternate week to help participants clarify their doubts pertaining to the content.

Follow-Up

The Emeritus Program Support team members will follow up and assist over email and via phone calls with learners who are unable to submit their assignments on time.

Continued Course Access

You will continue to have access to the course videos and learning material for up to 12 months from the course start date.   Assignments/Application Projects

Assignments are given out weekly and they are based on the lectures or tutorials provided. They need to be completed and submitted as per the deadline for grading purposes. Extensions may be provided based on a request sent to the support team.

Discussion Boards

It is an open forum where participants pin their opinions or thoughts regarding the topic under discussion.

  Emeritus Program Support Team

  • If at any point in the course you need tech, content or academic support, you can email program support and you will typically receive a response within 24 working hours or less.   Device Support

  • You can access Emeritus courses on tablets, phones and laptops. You will require a high-speed internet connection.   Emeritus Network

  • On completing the course you join a global community of 5000+ learners on the Emeritus Network. The Network allows you to connect with Emeritus past participants across the world.

Experts

Ibrahim Odeh

Ibrahim S. Odeh focuses his studies and research on assisting construction firms with strategic management assignments in areas related to: strategy and business development; infrastructure and construction market analysis; market entry strategy; and trends affecting the future of the constructio...

Videos and materials

Construction Finance Management at Columbia Engineering Executive Education

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Disclaimer

Coursalytics is an independent platform to find, compare, and book executive courses. Coursalytics is not endorsed by, sponsored by, or otherwise affiliated with any business school or university.

Full disclaimer.

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