Financial Management of Facilities
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This 4-hour course will provide insight into the financial planning and management responsibilities of the facilities manager.
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On-Demand Learning
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About This Course
Description
Facility Managers are called upon to develop and manage budgets as well as make financial decisions. This course will provide insight into the financial planning and management responsibilities of the facilities manager.
Learning Objectives
Facilities Management Certificate Requirement
This course is required for CI's Facilities Management Certificate program.
CEUs
Course attendees are eligible to receive 0.4 Continuing Education Units, 4 CCM Renewal Points or 4 AIA Continuing Education Learning Units.
Facility Managers are called upon to develop and manage budgets as well as make financial decisions. This course will provide insight into the financial planning and management responsibilities of the facilities manager.
Learning Objectives
- Expand the facility manager’s financial skills to be able to lower cost/maximize profit.
- Discuss the development and justification of capital and operational budgets.
- Explore budgeting topics including: maintenance or deferred maintenance, operating expense charge backs and rent allocations, benchmarking, cost reduction, life cycle analysis, variance analysis, RFPs, ROIs, and leases.
- Learn the financial rationale behind in-house vs. out-sourced operations and internal and external audits.
Facilities Management Certificate Requirement
This course is required for CI's Facilities Management Certificate program.
CEUs
Course attendees are eligible to receive 0.4 Continuing Education Units, 4 CCM Renewal Points or 4 AIA Continuing Education Learning Units.
Speaker
Eric Connery, Facilities Administrator, Connecticut General Assembly
Eric Connery has been the Facility Administrator for Connecticut General Assembly for the past twenty years. With over forty years of involvement in almost every phase of a building’s evolution, from design, construction, operation and management in both the private and public sectors, the last thirty years as a facility manager of financial, educational and government facilities.
Eric Connery has been the Facility Administrator for Connecticut General Assembly for the past twenty years. With over forty years of involvement in almost every phase of a building’s evolution, from design, construction, operation and management in both the private and public sectors, the last thirty years as a facility manager of financial, educational and government facilities.
Continuing Educational Credit
Construction Institute Project Management workshops are applicable towards prerequisite hours in PMI®'s Project Management Professionals (PMP®) program. Construction Institute is an AIA Registered Provider and a CCM Recertification Point Provider. Course attendees are eligible to receive 0.4 Continuing Education Units, 4 CCM Renewal Points, and/or 4 AIA Continuing Education Learning Units, verified through certificates of attendance, which are sent to participants after completion of workshop and assessment. Those wishing to receive AIA Continuing Education Learning Units and/or CCM Renewal Points should check in at the sign-in desk and fill out the appropriate attendance form(s) to receive credit.
Policies
Recording and Photographic Release
Registration and attendance at, or participation in, Construction Institute events and other activities constitutes an agreement by the registrant to the use and distribution (both now and in the future) of the registrant or attendee’s image or voice in photographs, videotapes, electronic reproductions, and audiotapes of such events and activities by the Construction Institute. No other recording is allowed.
Registration and attendance at, or participation in, Construction Institute events and other activities constitutes an agreement by the registrant to the use and distribution (both now and in the future) of the registrant or attendee’s image or voice in photographs, videotapes, electronic reproductions, and audiotapes of such events and activities by the Construction Institute. No other recording is allowed.
