Program

Job Cost Management

Participants will learn how to properly set up a job cost management system that will be simple to use and provide useful and actionable information. Participants will also learn how project progress reporting impacts project and company performance. An in-depth excise will be used to demonstrate how to accurately determine project status including percentage of completion through margin gain and erosion. Sample reports will be reviewed to teach participants how complex information can be made simple. Lastly, the individual project will be rolled up into a company work-in-process report to help participant understand how the process works.

Establishing Overhead and Burden

The sheet metal industry is unique in the sense that it requires a large capital expenditure to produce a final custom manufactured project. The cost structure is unlike nearly any other contractor other than perhaps heavy equipment companies. Further complicating the issue is that customers may not hire a contractor for a scope of services (detailing, fabrication and installation) making it difficult to establish the proper overhead and burden allocations. This program is designed to educate business owners and financial managers how to properly establish overhead and burden in a sheet metal business.