-
Course Intro
-
Play Video
-
Quiz
-
We want to hear from you!
-
Course Conclusion
The 5 Expert Strategies Companies Use to Increase Profits
Learn 5 expert strategies to boost profits in your construction business. Discover actionable techniques, innovative technologies, and effective contract management to enhance project outcomes.
Instructor: Josh Newland
1 hour
560 students
Last reviewed 9/2024
Video Content
Course Description
Are you being paid what you're worth on your projects? Many companies face razor-thin margins, struggling with challenges from change orders, rework, and unbilled man hours. In this course, you’ll learn strategies to increase project profitibailty from construction management specialist Josh Newland. Designed for project managers and project teams, this course aims to enhance profit margins, improve management efficiency, and embrace innovative technologies to remain competitive.
The course offers valuable insights into five key strategies: making costs predictable, using the right contracts, managing risks, investing in people, and leveraging technology. You'll learn how to create feedback loops between the project management and estimating teams for reliable cost predictions and how to utilize modern estimating tools for more accurate bids. The course also covers using contracts that align incentives, ensuring projects stay on budget and schedule. You'll focus on managing risk and boosting safety with digital solutions, exploring ways to reduce surprises and rework by staying updated with the latest tech.
By the end of the course, you’ll know how to integrate technologies like drones and virtual reality into your construction processes to reduce errors and boost efficiency, setting your projects up for success. This course is valuable for anyone in construction management looking to refine their skills to handle the complexities of modern construction effectively.
Learning Objectives
Discuss strategies to make project costs predictable and manageable.
-
Utilize effective contract structures to align incentives and increase profitability.
-
Enhance risk and safety management using digital tools.
-
Integrate innovative technologies to improve project efficiency and reduce errors.
Prerequisites
-
Learning Level: Intermediate
-
Prerequisite Knowledge: A basic understanding of construction project management and familiarity with jobsite operations are required.
-
Recommended Knowledge: Previous experience with construction contracts and awareness of digital tools used in construction recommended.
Continuing Education Course Credits
Course Title: The 5 Expert Strategies Companies Use to Increase Profits
Course Number: PC-234-092024
Session Number: 1
Curriculum Group Name: AIA Providers
Credit: 1 AIA LU
Course Expiration Date: 09/24/2027
Procore's Continuing Education courses may qualify for continuing education credits with other professional organizations or fulfill state licensing requirements. If you are a member of a different organization, you can download your course completion certificate from your learning profile and report your completion yourself to the organization for potential credit. Please refer to the organization's continuing education requirements for course eligibility information.
AIA CES Provider statement
Procore Technologies is a registered provider of AIA-approved continuing education under Provider Number 40108059. All registered AIA CES Providers must comply with the AIA Standards for Continuing Education Programs. Any questions or concerns about this provider or this learning program may be sent to AIA CES (cessupport@aia.org or (800) AIA 3837, Option 3).
This learning program is registered with AIA CES for continuing professional education. As such, it does not include content that may be deemed or construed to be an approval or endorsement by the AIA of any material of construction or any method or manner of handling, using, distributing, or dealing in any material or product. AIA continuing education credit has been reviewed and approved by AIA CES. Learners must complete the entire learning program to receive continuing education credit. AIA continuing education Learning Units earned upon completion of this course will be reported to AIA CES for AIA members. Certificates of Completion for both AIA members and non-AIA members are available upon request.
AIA continuing education credit has been reviewed and approved by AIA CES. Learners must complete the entire learning program to receive continuing education credit. AIA continuing education Learning Units earned upon completion of this course will be reported to AIA CES for AIA members. Certificates of Completion for both AIA members and non-AIA members are available upon request.
Frequently Asked Questions
How will this course teach me to make project costs more predictable?
The course provides strategies for building feedback loops between estimating and project management teams, utilizing modern estimating tools, and implementing practices that ensure costs align with initial estimates.
What construction technologies will I learn about?
You will learn about technologies like drones, virtual reality, digital project management tools, and big data analytics to enhance efficiency, reduce errors, and improve overall project outcomes.
What's Next
Other Recommended Courses
Change Orders: Managing Expectations & Measuring Production and ProfitabilityInnovative Builder SeriesFostering a Corporate Culture of InnovationOpening Doors for a Brighter Future: Second Chance Hiring in the Construction IndustryTrades 101Related Resources
Instructors
Josh Newland
Josh Newland is a passionate and experienced construction technology professional with nearly two decades in both construction and technology industries. Prior to joining Procore, Josh worked in construction with a general contracting firm, as a project engineer and also project implemented technology solutions that improved company-wide processes. Since joining Procore more than a decade ago, Josh has held roles in Product Management, Marketing, Engineering and Sales. His passion lies in building and optimizing, whether it's a construction project, a software product, or an Excel spreadsheet. Currently serving as a Machine Learning Engineer at Procore, he is particularly excited about the role of data and AI in transforming the construction industry and is committed to leveraging these technologies to drive meaningful improvements.
