Cash Flow, Billing & Work-In-Progress (WIP) – (LiFT Level 2)

This seminar is included in the LiFT Level 2 Project Management Program. Individual seminar registration is subject to availability.

Effective project managers understand that profitability depends on both cash flow and accurate project forecasting. This full-day seminar explores the financial tools and processes that help contractors maintain healthy cash flow, improve billing and collections, and accurately measure project performance throughout the project lifecycle.
 
Participants will learn practical strategies for managing cash flow, improving billing practices, forecasting costs, and understanding Work-in-Progress (WIP) reporting. Through real-world examples and industry best practices, participants will gain a clearer understanding of how financial management, project controls, and performance measurement work together to improve project profitability and support better business decisions.
 
At the end of this seminar, participants will be able to:

• Describe the importance of cash management practices and their impact on company performance.
• Apply tools and techniques that improve cash flow and accelerate collections.
• Increase profitability through effective billing, forecasting, and project controls.
• Identify how to manage Work-in-Progress (WIP) for improved project profitability.
• Explain the relationship between budgeting, forecasting, change management, job status reporting, and WIP.
• Apply earned value reporting techniques to improve project forecasting and cost projections.
• Create greater accountability and financial transparency through measurement and reporting.

Target Audience: 

Project Managers with 3–7 years of experience who have established project management fundamentals and are ready to develop more advanced leadership, financial, and project management competencies.

CEUs: 0.7

Cost: There is no charge for employees of MCAKC Member Contractors Signatory to Local 8 & 533.

$250 for Non-Members Signatory to Local 8 & 533.
$300 for Associate Members.
 
Instructor
Stephane McShane is a Director with Maxim Consulting Group and one of the construction industry’s leading consultants, trainers, and facilitators. With more than 30 years of experience in construction operations, project management, leadership development, and organizational performance, she works with contractors throughout North America to improve profitability, productivity, and business performance.
 
Beginning her career as an apprentice in the electrical construction industry and advancing into executive leadership roles, Stephane brings practical field and management experience to every engagement. She is a nationally recognized speaker, coach, author, and industry educator who specializes in project execution, financial performance, leadership development, business processes, and workforce development. Her practical, results-focused approach helps contractors implement strategies that drive measurable and sustainable improvement.

Cancellation Policy
Cancellations for this MCAKC event must be received at least 2 business days prior to the event by email to [email protected] or by phone at 913-948-9200.

Registrants who do not cancel and do not attend (“No Shows”), except in the case of an emergency, will be invoiced $150.