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Introduction to Cash Flow Analysis, Payment and Cost Control Analysis in a Construction Project

Learn how to acquire and deploy new skills and ideas to achieve improved financial operations and strategies.

  • Duration

    2 weeks

  • Weekly study

    10 hours
Overview
Requirements

Understand the importance of cash flow and management of project costs

The course is designed to help you understand the importance of cash flow, payments to contractors and management of project costs. The course is also designed to help you identify various types of budgets and will detail how to plan and prepare budgets and how to implement an effective budget control system.

The course also covers how to report, interpret and communicate a project’s exact cost and schedule status in a construction firm and also how to know whether a construction project is truly on budget and on schedule.

What topics will you cover?

  • An overview of cash flow and its importance in construction
  • Cash flow models based on the empirical ‘S’ curve analysis
  • The nature and purpose of budgets for planning and control in construction firms
  • Types of budgets and budgeting
  • Detailed analysis of valuation
  • The late payment dilemma in construction firms

Learning on this course

On every step of the course you can meet other learners, share your ideas and join in with active discussions in the comments.

What will you achieve?

By the end of the course, you‘ll be able to...

  • Evaluate cash flow analysis and its importance to construction businesses
  • Explore the relationship between profit and cash flow and the 'S' curve analysis
  • Identify factors that affect cash flow in construction projects
  • Evaluate the four types of payment and the impact of delayed payment
  • Explore the importance of a well-defined budget process and create budgets relevant to a construction firm
  • Explore budgeting terminology and techniques used in construction firms

Who is the course for?

This course is for people seeking a better understanding of cash flow, payments to contractors and management of project costs.

Please note that the staff described in the ‘Who will you learn with?’ section below may be subject to change.

Who developed the course?

Coventry University

Coventry secured 5 QS Stars for Teaching and Online Learning in the QS World University Ranking 2020 and has received No. 1 in the world for Massive Open Online Courses in MoocLab’s World University Ranking 2021.

  • Established

    1992

  • Location

    Coventry

Learning on FutureLearn

Your learning, your rules

  • Courses are split into weeks, activities, and steps to help you keep track of your learning
  • Learn through a mix of bite-sized videos, long- and short-form articles, audio, and practical activities
  • Stay motivated by using the Progress page to keep track of your step completion and assessment scores

Join a global classroom

  • Experience the power of social learning, and get inspired by an international network of learners
  • Share ideas with your peers and course educators on every step of the course
  • Join the conversation by reading, @ing, liking, bookmarking, and replying to comments from others

Map your progress

  • As you work through the course, use notifications and the Progress page to guide your learning
  • Whenever you’re ready, mark each step as complete, you’re in control

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