Construction Finance
This course provides construction project managers with an understanding of economics and the mathematics of money. It covers topics such as the time value of money, interest rates, and Cash Flow Diagrams. It is essential for those involved in construction projects. ▼
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Course Feature
Cost:
Free
Provider:
Coursera
Certificate:
Paid Certification
Language:
English
Start Date:
10th Jul, 2023
Course Overview
❗The content presented here is sourced directly from Coursera platform. For comprehensive course details, including enrollment information, simply click on the 'Go to class' link on our website.
Updated in [March 06th, 2023]
Construction Finance is a course designed to expand the knowledge of a construction project manager to include an understanding of economics and the mathematics of money. This course covers the time value of money, the definition and calculation of the types of interest rates, and the importance of Cash Flow Diagrams. It is divided into three sections.
The first section focuses on the foundation of building the mathematics of money, often referred to as value of money. It also highlights the present value techniques and the internal rate of return from a construction manager point of view.
The second section of the course focuses on vertical construction finance. This section covers real estate finance and how it has been done with more in-depth details and provides examples for students to solve with instructions.
The last topic, horizontal finance, is divided into two parts. To begin, the instructor introduces vast details about public private partnership. This module highlights around three case studies about PPP projects, which would be an introduction to project financing in horizontal work. After introducing case studies, the instructor demonstrates the risks associated with construction finance. After that, the course finishes with emphasizing the importance of construction finance.
This course is designed to provide construction project managers with a comprehensive understanding of the economics and mathematics of money. It covers the time value of money, the definition and calculation of the types of interest rates, and the importance of Cash Flow Diagrams. It also covers real estate finance, public private partnership, and the risks associated with construction finance. By the end of the course, students will have a better understanding of the importance of construction finance and how to apply it to their projects.
[Applications]
Upon completion of this course, students should have a better understanding of the mathematics of money and the importance of cash flow diagrams. They should also be able to apply the concepts of vertical and horizontal construction finance to real-world scenarios. Additionally, they should be able to identify the risks associated with construction finance and be able to apply the principles of public-private partnerships to project financing.
[Career Paths]
Job Position Paths:
1. Construction Finance Manager: Construction finance managers are responsible for overseeing the financial aspects of construction projects. They must be able to analyze financial data, develop budgets, and manage the financial aspects of the project. They must also be able to identify and mitigate risks associated with construction finance. This position is expected to grow as the construction industry continues to expand.
2. Construction Project Manager: Construction project managers are responsible for overseeing the entire construction process from start to finish. They must be able to plan, coordinate, and manage the various aspects of the project, including budgeting, scheduling, and quality control. This position is expected to grow as the construction industry continues to expand.
3. Construction Accountant: Construction accountants are responsible for managing the financial aspects of construction projects. They must be able to analyze financial data, develop budgets, and manage the financial aspects of the project. They must also be able to identify and mitigate risks associated with construction finance. This position is expected to grow as the construction industry continues to expand.
4. Construction Estimator: Construction estimators are responsible for estimating the cost of construction projects. They must be able to analyze plans and specifications, develop cost estimates, and manage the bidding process. This position is expected to grow as the construction industry continues to expand.
[Education Paths]
1. Bachelor of Science in Construction Management: This degree program provides students with the knowledge and skills needed to manage construction projects from start to finish. Students learn about the principles of construction management, including project planning, budgeting, scheduling, and risk management. They also gain an understanding of the legal and regulatory aspects of construction projects. This degree is ideal for those who want to pursue a career in construction management and is becoming increasingly popular due to the growing demand for construction professionals.
2. Master of Science in Construction Management: This degree program is designed for those who want to specialize in construction management. It provides students with an in-depth understanding of the principles of construction management, including project planning, budgeting, scheduling, and risk management. Students also gain an understanding of the legal and regulatory aspects of construction projects. This degree is ideal for those who want to pursue a career in construction management and is becoming increasingly popular due to the growing demand for construction professionals.
3. Master of Business Administration in Construction Management: This degree program is designed for those who want to specialize in construction management and business. It provides students with an in-depth understanding of the principles of construction management, including project planning, budgeting, scheduling, and risk management. Students also gain an understanding of the legal and regulatory aspects of construction projects. This degree is ideal for those who want to pursue a career in construction management and business and is becoming increasingly popular due to the growing demand for construction professionals.
4. Doctor of Philosophy in Construction Management: This degree program is designed for those who want to specialize in construction management and research. It provides students with an in-depth understanding of the principles of construction management, including project planning, budgeting, scheduling, and risk management. Students also gain an understanding of the legal and regulatory aspects of construction projects. This degree is ideal for those who want to pursue a career in construction management and research and is becoming increasingly popular due to the growing demand for construction professionals.
Pros & Cons
Comprehensive lectures for new learners.
Excel sheet of Professor Anthony Webster.
Overall overview of construction management.
Detailed delivery of construction management content.
Relevant topics from strategic, tactical and operational perspectives.
Quality of lectures and lecturers.
Techniques regarding CM Finance.
Question mark on Excel sheet of Professor Anthony Webster.
Variation of financial manager's role.
Deficiencies in financial manager's background.
Course Provider
Provider Coursera's Stats at AZClass
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Quiz
Submitted Sucessfully
1. What is the main focus of the course?
2. What is the time value of money?
3. What is the last topic discussed in the course?
4. What is the main focus of the second section of the course?
Correct Answer: Vertical construction finance
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