Events Calendar

How to Forecast a Large Construction Project - session 2
Wednesday 17 November 2021, 11:00am - 01:00pm
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November 10 & 17, 2021

A valuable pair of workshops for quality-driven mechanical contractors, presented by a quality-driven mechanical engineer. These workshops are presented live, in a virtual setting. Project managers learn how to systematically plan, track, and create consistent rolling forecasts.  All students receive 4Cast Pro, a 4-in-1 workbook valued at $500.

Session 1: Planning & Productivity

Students dive right into a case study by reviewing the mechanical and electrical drawings and specs of a large commercial tower searching for gaps and overlaps in scope before setting up the job, which comprises three components: the budget, the construction schedule and the billing breakdown. Students learn what these three have in common and how to capitalize on their integration.  As students explore various types of work breakdown structures (WBS’s) they will learn why some WBS’s are better at driving productivity than others. Starting with a labour plan, students build their own spreadsheet and learn how to track progress and calculate productivity. Various productivity scenarios are modeled including one that supports construction claims, using near real-time data.

Session 2: Forecasting

Students conclude the case study by reporting the outcomes at various stages of construction. Financial outcomes are reported for months one, two, three, etc. Basic formulas – and more advanced techniques – are used to calculate costs at completion and variances for labour, material, equipment, and subcontracts. Students will also learn how delayed starts and schedule compressions affect a project’s s-curve in interesting and meaningful ways.

* Students will require a computer with microphone and camera to participate in this course.*


MCAS Member Fee     $299 + gst

Non-Member Fee        $499 + gst

Registration due by November 1, 2021.