Question
A cost planning firm has contracted you to develop their staff training systems further to provide improved performance to their clients. Their clients are typically
A cost planning firm has contracted you to develop their staff training systems further to provide improved performance to their clients. Their clients are typically developers who contract large building projects to construction companies. They require accurate cash flow planning and reporting prior to construction and also during the build process. One of the areas that they have asked you to focus on is cash flow planning procedures and reporting during the construction stage. You are required to research the application of cash flow planning as part of project cost controls from the client perspective.
At a minimum, you are to include: a) Cash flow procedures b) Forecasts at various stages of the projects, Page 2 of 4 c) Reporting elements, d) Factoring influencing cash flow and e) How to best manage cash flow
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