This course expands the knowledge of a construction project manager to include an understanding of economics and the mathematics of money, an essential component of every construction project. Topics covered include the time value of money, the definition and calculation of the types of interest rates, and the importance of Cash Flow Diagrams. The course covers these topics in 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 and the last part focuses on horizontal construction finance. Under the vertical construction finance, the instructor discusses real estate finance and how that has been done with more in-depth details and gives 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, similar to the previous three courses, the course finishes with emphasizing the importance of construction finance.
DG
Great course that helped understand financing throughout construction. I'm an attorney who recently joined a housing developer, and this course really assisted my understanding of the industry.
SB
good speakers / professors, examples & class materials are interesting, up-to-date . You want to listen to learn. Best Module so far in the course.
KS
It was very helpful for learning concepts like IRR, ARR, lean, risk management and simultaneously quizzes for every module is conducted. It is worth to take the course.
BO
Excellent course led by esteemed people with many years of experience in the industry. Very practical and thorough survey of concepts and tools in the industry.
DG
Great and Super Course. Thanks to all the experts. They were great. A special thanks to Professor Odeh who has done a superb job.
MS
Though I have a good experience in the domain and already know major of the course content, I loved to involve in the exercises.
TA
if you need to know the fundamentals of construction finance, then this course is for you. Robust information.Thanks Prof. Odeh
RH
Modules were well organized which make learning in 1 or 2 hour segments very achievable. Liking the NPV / IRR evaluation and LEAN. Looking forward to my next class. Ron Horton, P.E.
RM
Its a great program... the course structure is very complete and all the topics are very well explained in the different lessons.
GS
Project Finance is a very interesting and very important field of knowledge for all professionals in the construction industry
PF
Very worthwhile information for an aspect of construction where I didn't have as much experience as the physical, day to day roles.
LG
The course was both challenging and informative. I found most of what I learned in this course will be applied going forward. I took this course as a goal through my employer.
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As an architect with yet no experience on the construction industry, I value so much all the lectures. I now feel prepared to go into the sector with a better understanding.
Very nice course, Just the Excel sheet of Professor Anthony Webster is a big question mark, where we can get this file so we can follow up with him during the class
The construction financial manager’s role may vary from company to company, partly because different financial managers have different skills and personalities. The role also varies depending on the size of the company. A construction financial manager’s background often indicates the areas in which the manager will concentrate. For example, a construction financial manager whose background is in construction operations (estimating and project management) initially will concentrate on the proper recording of job costs. A construction financial manager whose background is in public accounting probably will initially emphasize financial reporting and income tax planning. The financial manager should recognize these influencing factors and make efforts to compensate for any deficiencies.
This is a well thought out and detailed delivery of construction management content from Columbia University. There is an incredible amount of professionalism and technology used to share the most relevant industry knowledge about organizing successful construction and investment projects. Anyone considering to take this course regardless of experience should take it, especially for the extremely affordable price through Coursera. Kudos to Columbia and Coursera for such an amazing and intensive online certificate program.
I recommend it to everyone
Awful. Instructors can't keep their politics out of the classroom. Can't keep from constantly advertising too. Typos and wrong answers. Next to impossible to find the answers to quizzes well hidden, or not there at all, in the hours and hours of videos.
The course brings broad list of topics which are very relevant to construction industry players from strategic, tactical and operational perspectives. For people with experience you will finds very interesting insights and learn new things. For people who are new to the industry if offers great introduction with a deep dive into how to manage construction business.
I am very satisfied I took this course.
I have never heard a training course like this in terms of the quality of lectures as well as lecturers and the selection of an arbitrator for the topics of the course that covered most aspects in the management of engineering projects
I am grateful to everyone who has contributed to it and thanks to coursea org. for this wonderful effort in organizing and serving science.
Best regards
Mukhtar
Very interesting and helpful course for engineers in construction industry. It gives and overall overview about the construction management. Thanks all for compiling this course in such a structured way.
Construction Finance has never ever been presented in away that Dr Odeh done.
I will definitely advice the course to all my environment.
Thank you very much indeed.
It is excellent. It covers project financing, budgeting, cost control, and risk management with in-depth content and practical exercises. The knowledgeable instructors and flexible online format make it ideal for both professionals and students. Highly recommended for anyone looking to understand construction finance.
Great course. I think it could use a little more time on IRR, NPV, and the formulas but overall a great course.
Need to make sure peer graded projects are given the answers first so that correct answers are not being rejected by people with incorrect answers.
Good content, however it is very very introductory level. If you already have experience in this sector I don´t recommend it .
Quite rigorous but truly educative and surely would help advance the practice of Construction management.
Must include more practice question in quiz/assignment
The sound quality for guests is not good, and I have some trouble to hear them. But the content of the course itself was fascinating.
Extremely theoretical. Lack of numbers and more case studies
it was a good course but unlike the other courses, I felt that this course is somewhat incomplete and lack of details. some modules where were partly represented like module 1 and 2. but I hope this will get update. I think educators were in a little bit of hurry for this course to be uploaded. but overall very good experience.
Differring guest lecturers lacked consistency in terminology. Took a while to understand that although the terms are different, the concepts are almost the same.