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Welcome to the course

An introduction video to the course from Dr Andrew Arewa.

Watch Dr Andrew Oyen Arewa, Senior Lecturer Quantity Surveying and Project Management at Coventry University, introduce you to the key topics that you will be exploring over the next two weeks.

The importance of financial management in any project cannot be underestimated. Understanding this concept in terms of the construction industry will be our main focus over the next two weeks.

This course a free two-week taster course for Coventry University’s MSc in Construction and Project Cost Management degree and not only introduces you to a broad view of accounting but discusses the unique nature of financial management in construction. We will examine real-life case studies and explore the consequences when adequate accounting and bookkeeping systems aren’t implemented.

Coming up

Through this week’s activities you will:

  • Get an overview of the basic principles and terms used in accounting
  • Explore the role of the project manager and tracking finances
  • Examine the objectives of financial management
  • Learn about the implications of poor financial tracking and what can go wrong

We look forward to exploring this topic with you over the next two weeks, as well as providing you with the tools to understand how you might improve your area of practice.

Your task

What are you most looking forward to during this course?
Share your thoughts with your fellow learners in the comments area below.
Remember, you can ‘like’ and bookmark posts to help you refer back to them at a later stage.

Checking your progress

When you reach the end of a step and have understood everything, click the ‘mark as complete’ button. This will update your progress page and will help you to keep track of which steps you’ve done. Any steps you’ve completed will turn blue on your ‘to do’ list.

You can check your progress page by clicking the icon at the top of the step. There you’ll see what percentage of the course steps you’ve marked as complete.

Learning together

Don’t forget to share your thoughts on the task in the comments area and ‘like’ or reply to posts you find useful or interesting.

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An Introduction to Financial Management in Construction

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