Financial Management

Duration: 1.00 Hrs

Course Level: Fundamental
Languages: English
Capability: MobileReady, Responsive

Cash flow is the life blood of your firm and lack of cash is the primary cause in 92 percent of all bankruptcies. Increasing cash flow, managing cash, and using cash to your best advantage is as important to your business as superior architecture or design work. This 1-hour online course gives you the knowledge you need to choose a budget method that will control your firm’s project costs.

This is the sixth and seventh chapter of the “Financial Management for the A/E/C Firm” course series from PSMJ Resources, Inc. offered through RedVector.com in its entirety. We strongly recommend that you take all nine chapters of this course series.

Learning Objectives

By the end of this course, you will be able to:

• Clearly define the factors critical to establishing a project budget
• Avoid common project budgeting pitfalls across all budget methods
• Effectively prepare subconsultants’ contracts for your project budgets
• Develop a project expenditure curve to monitor manpower requirements, schedule, and budget status
• Utilize worksheets and sample rate calculations
• Monitor manpower utilization, revenues, project completions, and overruns
• Protect your firm against careless record keeping and dishonest employees
• Design an annual business plan designed to meet your short-term goals
• Use financial performance indicators as a motivating tool for good performers
• Utilize worksheets and sample rate calculations

This course includes a multiple-choice test to gage your understanding of the material.

Duration: 2.00 Hrs

Course Level: Intermediate
Languages: English
Capability: MobileReady, Responsive

Cash flow is the life blood of your firm and lack of cash is the primary cause in 92 percent of all bankruptcies. Increasing cash flow, managing cash, and using cash to your best advantage is as important to your business as superior architecture or design work. This 2-hour interactive online course helps find new ways to generate cash and get your clients to pay quickly.

This is the second and third chapter of the “Financial Management for the A/E/C Firm” course series from PSMJ Resources, Inc. offered through RedVector.com in its entirety. We strongly recommend that you take all nine chapters of this course series.

Learning Objectives

By the end of this course, you will be able to:

• Track down and utilize alternative sources for securing working capital
• Negotiate an efficient fee collection system with your clients
• Develop an easy-to-use system for tracking down outstanding fees
• Employ cash discounts when and where appropriate
• Utilize worksheets and sample rate calculations
• Determine a price that will be agreeable to your clients and profitable for you
• Leverage the concept of value pricing to get your clients to pay you a premium for your services
• Use a seven-step strategy to prepare clients for your price
• Get your clients to pay for reimbursables
• Utilize worksheets and sample rate calculations

This course includes a multiple-choice test to gage your understanding of the material.

Duration: 1.00 Hrs

Course Level: Intermediate
Languages: English
Capability: MobileReady, Responsive

Cash flow is the life blood of your firm and lack of cash is the primary cause in 92 percent of all bankruptcies. Increasing cash flow, managing cash, and using cash to your best advantage is as important to your business as superior architecture or design work. This 1-hour interactive online course helps you control labor and overhead costs and increase your likelihood of profitability on every project.

This is the eighth chapter of the “Financial Management for the A/E/C Firm” course series from PSMJ Resources, Inc. offered through RedVector.com in its entirety. We strongly recommend that you take all nine chapters of this course series.

Learning Objectives

By the end of this course, you will be able to:

• Increase efficiency and reduce the costs of labor
• Use prudent employee bonuses to motivate top performers
• Use alternative methods to cut costs in a business downturn
• Identify the danger signals of overhead costs getting out of line
• Utilize worksheets and sample rate calculations

This course includes a multiple-choice test to gage your understanding of the material.

Duration: 1.00 Hrs

Course Level: Fundamental
Languages: English
Capability: MobileReady, Responsive

Cash flow is the life blood of your firm and lack of cash is the primary cause in 92 percent of all bankruptcies. Increasing cash flow, managing cash, and using cash to your best advantage is as important to your business as superior architecture or design work. This 1-hour interactive online course helps you develop the attributes necessary to create a good purchasing, leasing, and renting system for your firm.

This is the ninth and final chapter of the “Financial Management for the A/E/C Firm” course series from PSMJ Resources, Inc. offered through RedVector.com in its entirety. We strongly recommend that you take all nine chapters of this course series.

Learning Objectives

By the end of this course, you will be able to:

• Increase the efficiency of your accounts payable system
• Avoid using your firm’s own money for your purchasing service
• Understand the advantages and disadvantages of buying, leasing, and renting
• Utilize worksheets and sample rate calculations

This course includes a multiple-choice test to gage your understanding of the material.

Duration: 1.00 Hrs

Course Level: Intermediate
Languages: English
Capability: MobileReady, Responsive

Cash flow is the life blood of your firm and lack of cash is the primary cause in 92 percent of all bankruptcies. Increasing cash flow, managing cash, and using cash to your best advantage is as important to your business as superior architecture or design work. This 1-hour online course helps you choose the appropriate type of accounting system to optimize your firm’s cash flow.

This is the fourth chapter of the “Financial Management for the A/E/C Firm” course series from PSMJ Resources, Inc. offered through RedVector.com in its entirety. We strongly recommend that you take all nine chapters of this course series.

Learning Objectives

By the end of this course, you will be able to:

• Understand the advantages and disadvantages to your firm of cash vs. accrual accounting
• Use key ratios to benchmark your firm’s financial performance to similar firms
• Forecast cash flow effectively and optimize your use of credit and other cash generation methods
• Evaluate alternative cash management techniques
• Utilize worksheets and sample rate calculations

This course includes a multiple-choice test to gage your understanding of the material.

Duration: 1.00 Hrs

Course Level: Fundamental
Languages: English
Capability: MobileReady, Responsive

Cash flow is the life blood of your firm and lack of cash is the primary cause in 92 percent of all bankruptcies. Increasing cash flow, managing cash, and using cash to your best advantage is as important to your business as superior architecture or design work. This 1-hour interactive online course helps you master the strategic planning process and control your financial operations effectively.

This is the fifth chapter of the “Financial Management for the A/E/C Firm” course series from PSMJ Resources, Inc. offered through RedVector.com in its entirety. We strongly recommend that you take all nine chapters of this course series.

Learning Objectives

By the end of this course, you will be able to:

• Focus your strategic planning process on the most crucial areas of your business
• Coordinate the six critical elements of strategic planning and govern them effectively
• Design an annual business plan designed to meet your short-term goals
• Develop a simple, realistic long-term (three to five years) planning process
• Understand the difference between planning and budgeting
• Utilize worksheets and sample rate calculations

This course includes a multiple-choice test to gage your understanding of the material.

Duration: 1.00 Hrs

Course Level: Intermediate
Languages: English
Capability: MobileReady, Responsive

Cash flow is the life blood of your firm and lack of cash is the primary cause in 92 percent of all bankruptcies. Increasing cash flow, managing cash, and using cash to your best advantage is as important to your business as superior architecture or design work. This 1-hour interactive online course helps you develop the skills needed to price your services to ensure profitability on every job. There is a test at the end.

This is the first chapter of the “Financial Management for the A/E/C Firm” course series from PSMJ Resources, Inc. offered through RedVector.com in its entirety. We strongly recommend that you take all nine chapters of this course series.

Learning Objectives

By the end of this course, you will be able to:

• Choose the most effective of the five basic contract types for any type of job
• Negotiate as many provisions as you can into your contracts to generate the most cash
• Ensure that you get paid for changes
• Avoid language in contracts that is unfavorable to your firm
• Utilize contract and letter of agreement templates