In today's shrinking world with increasing competition and the financial markets' increasing pressure on corporate earnings, project managers are being required to meet customer satisfaction, profitability, cash flow and company strategic goals all at the same time.
As many organizations are becoming more project-based, it is imperative that the project manager understand not only the best ways to execute within his projects but also how these projects fit in to the financial and strategic objectives of the company as a whole.
Just like projects, businesses are executed according to plans. As a matter of fact, starting a business in the first place is undoubtedly a project.
Also, like nearly all projects, the primary objective in business is financial gain. We have all heard from management that we are in business to make money. We may develop and market software, build the world's tallest skyscrapers, or manufacture toilet paper; but our common objective is to make a profit.
But, how is this accomplished? And, how do our projects fit within the financial structure of our companies? All good questions.
This course will give you a brief introduction to the basic business accounting principles used in companies.
This course includes a multiple-choice quiz at the end, which is designed to enhance the understanding of the course materials.
Please Note:This course is acceptable to all the state PE boards except the New York State PE &PLS Board.
If you are a registered professional land surveyor in FL, MO, NJ, NY, TN, TX or VT, you need to take the approved courses for that specific state.