The first installment of the Project Management track is an online self-guided 4-part module on the topic of Financial Management for projects. As part of this webinar series, you will be introduced to:

Common financial management terminology for transportation projects (Part 1)
Forecasting and capital planning programs to establish funding budgets (Part 2)
Distinguishing professional services fees from capital construction costs (Part 2)
Various project delivery approaches and associated solicitation types (Parts 2 and 3)
Common project fee types and rate structures (Part 3)
Work breakdown structure tools and techniques for establishing associated costs (Part 3)
Controlling costs and budget management over project lifecycles (Part 4)
Communicating project financial elements including invoicing and payments (Part 4)

ignITE Series Overview

ITE is excited to offer ignITE, a nontechnical career skills training program aimed at delivering management topics tailored specifically to transportation professionals and the industry we serve. As a transportation professional, you, your co-workers, and staff excel at technical analysis. But it takes more than technical skills alone to be successful in a transportation organization.

This ignITE series provides a suite of on-demand training offerings aimed to inform and grow the management skills you need to advance your career. Encompassing project management, people management, administrative management, communication skills, and self-awareness, this series is the practical solution transportation professionals are looking for to build confidence in all facets of management in order to achieve personal and business goals. You must do it all, from delivering effective projects, managing budgets and people, and communicating as a top-notch professional. So spark your curiosity with ignITE!

 

Financial Management Module

The first installment of the Project Management track is an online self-guided 4-part module on the topic of Financial Management for projects. As part of this webinar series, you will be introduced to:

• Common financial management terminology for transportation projects (Part 1)
• Forecasting and capital planning programs to establish funding budgets (Part 2)
• Distinguishing professional services fees from capital construction costs (Part 2)
• Various project delivery approaches and associated solicitation types (Parts 2 and 3)
• Common project fee types and rate structures (Part 3)
• Work breakdown structure tools and techniques for establishing associated costs (Part 3)
• Controlling costs and budget management over project lifecycles (Part 4)
• Communicating project financial elements including invoicing and payments (Part 4)

Each part is intended to be completed sequentially in its entirety, but participants can elect to view any of the parts individually and standalone. However, all four (4) parts must be viewed in their entirety and knowledge checks completed to attain the Financial Management Module Certificate.

Part 1: This part, the first in the series, introduces financial concepts of project management. Consistent terminology and concept fundamentals are presented to be built upon in future sessions. These include company financials, project financials, and contract types, and contract terms.

Part 2: This part discusses the approach to establishing budgets for transportation projects and programs. It explains the importance of budgeting, the process of forecasting for securing project and program funding, the difference between professional service fees and capital construction costs, and various budget delivery methods in project management. Two case studies illustrate the application of these concepts in the transportation industry.

Part 3A: This part provides an overview of common project solicitation types that consultants receive over the course of the project acquisition pipeline. Common solicitation terms are discussed, along with different methods of payments and billing rates. This part ties into Part 3B, which discusses how to estimate costs on projects.

Part 3B: This part is a continuation of Part 3A, which discusses the project solicitation process. Part 3B takes the information from the RFP to estimate project costs. Focusing on a "Bottom-up Estimation” approach, this part discusses work breakdown structures and the components and considerations of the cost proposal.

Part 4: This part provides an overview of contingency and risk assessment, budget management over the project lifecycle, financial communication, accounts receivable, and change management. Expanding on the terminology presented in Part 1, the fourth (and final) part of the series explains the important topics of the webinar via a case study.

Fees

ITE Member: Free
Non-Member: $79

Instructors

Gerard A. Baxter, PE, PTOE, Senior Vice President | JMT

Yang Tao, PhD, P.E., Director of Traffic Engineering | City of Madison, WI

Ian Barnes, P.E., Principal/Northern California Senior Market Leader | Fehr & Peers

Jenny Kapelyan, P.E., NYC Operations Manager | VHB

Rahul Rajbhara, PE, PTOE, RSP1, Traffic Project Manager | Kimely-Horn

Access to Modules

Participants have 90 days from the date of purchase to view all course modules.
You may return to this page at any time during the 90-day access period to continue the course.

Login is required to access course content.

 

Course Materials

The course includes:

• 5 instructional videos
• 5 PDF presentation files
• 4 Knowledge Checks

All materials are available within the course modules.

PDH Credit – 3.0 PDH

Participants earn 3.0 PDH credits upon completion of the full course series.

To earn PDH credit, participants must:

• Complete all instructional videos
• Complete all knowledge checks
• Submit the required module evaluation

A PDH Credit certificate will be issued upon successful completion.

Important

• Registration is separate for each module within the ignITE series. To view other modules within the series, please view the Catalog on the main page.

Policy

This course is non-refundable.

Participants have 90 days from the date of purchase to complete the course. If the course is not completed within this period, it must be repurchased to regain access.

• Training Hours: 3.00