Managing Economic Change and A Discussion on KPIs
Like many construction managers, you might be paying close attention to the potential change in economics. The political environment, global and local economics, and most important: how you manage your overhead can all impact profits, liquidity, and equity structure of your business. Revenue growth and constriction are a natural part of the construction industry and annual cycle. The costs associated with managing your professional staff are commonly associated with the fixed portion of general administrative and overhead costs. These costs impact profits dollar for dollar. In order to maintain, or increase profits, managers need to balance the appropriate fixed costs to their revenue levels. John will discuss the challenges associated with fixed costs management and the importance of maintaining a competitive balance.
Presented By:John Killingsworth, Assistant Professor at Colorado State University
John Killingsworth is a faculty member in the Construction Management program at Colorado State University. His teaching and research is focused in the area of construction finance, specifically in examining economic conditions and its impact on the financial behavior of construction firms. He is recently published in Building Profits (July/August, 2017) and in the Journal of Financial Management of Property and Construction. Dr. Killingsworth has presented his research at numerous CFMA and AGC conferences, luncheons, and in professional development training programs. Prior to his academic career, Dr. Killingsworth worked as a construction manager in commercial and government contracting.