The Importance of Monthly Project Progress Reports in Construction Contracts

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The Importance of Monthly Project Progress Reports in Construction Contracts

Construction Audit Series

Reviewed

January, 2024

Denise Cicchella

Learning Objectives

To analyze what reports are available and what they should expect to get.
To discuss how to read these reports at face value and what they mean.
To determine the importance of automating the monthly reporting process and how it can be used to your advantage.
To identify the challenges that need to be faced.
To review how reporting increases the overall visibility of a project.

Course Description

This webinar is a part of the Construction Audit Series by Denise Cicchella!

Remember those grade reports you had in school? After every mid-term examination, you get a report indicating your progress on the subjects. Think about a project progress report in the same way. It outlines all the important information about the project, how it is progressing, and the obstacles that are currently there.

Project managers are contractually responsible for providing monthly progress reports (or sometimes weekly) but regardless of how often they should report, what should we expect to see in these reports Additionally, how enforces that the reports are received and reliable. Many times, these reports are written with “Rose-colored glasses”.

This CPE/CPD Auditing webinar will help you find the red flags that glasses were worn. Attendees will be provided with specific examples of reports they can create for internal users/managers.

Key topics covered in this course:

Types of reports
Distribution list
What does the exec want to know?
Why does PM hold back?
What else besides just data?

Overview

Types of reports

6 mins
Distribution list

12 mins
What does exec really want to know

20 mins
Why does PM hold back

27 mins
What else besides just data

40 mins

Webinar Qualifies For

1 CPE Credit of Auditing for Certified Public Accountants (CPA-US)
1 General Credit of Auditing for Accountant/Bookkeeper/Tax Professionals
1 CPD Credit of Auditing for CPA in Canada
1 CPE Credit of Internal Auditing for Certified Internal Auditors (CIA)
1 CPE Credit of Auditing for Certified Fraud Examiner (CFE)
1 CPE Credit of Auditing for Certified Management Accountants (CMA)
1 CPE Credit of Auditing for Certification in Risk Management Assurance (CRMA)
1 CPD Credit of Auditing for Certified Financial Forensics (CFF)
1 CPD Credit for Association of Chartered Certified Accountants (ACCA)
1 CPE Credit of Auditing for Certified Government Financial Manager (CGFM)
1 CPE Credit of Auditing for Certified Government Auditing Professional (CGAP)
1 CPD Credit for Chartered Accountant - ICAEW
1 CPE Credit of Auditing for Internal Audit Practitioner (IAP)
1 CPE Credit of Auditing for Certified Internal Controls Auditor (CICA)
1 CPE Credit of Auditing for Qualification in Internal Audit Leadership (QIAL)
1 CPD Credit for Chartered Accountants - Scotland
1 CPE Credit of Auditing for Iowa Licensed Public Accountant (IA-LPA)
1 CPD Credit for Chartered Accountants - Ireland (CAI)
1 CPD Credit for CPA - Ireland
1 CPE Credit of Auditing for Maine Licensed Public Accountant (ME-LPA)
1 CPE Credit of Auditing for Delaware Licensed Public Accountant (DE-LPA)
1 CPE Credit of Auditing for Certified Controls Specialist (CCS)

About Instructor

Denise Cicchella

Founder & CEO, Auspicium

Denise Cicchella is a recognized expert in construction audit, protecting owners from the overpayment of construction costs due to error, negligence or fraud.

Dense is a Certified Internal Auditor, Certified Fraud Examiner, Certified Construction Auditor, Project Management Professional and Fellow of the Life Management Institute. She holds an MBA in International Business from Fairleigh Dickinson University and a BBA in Accounting from Loyola University. She is the Founding President of the New York/New Jersey Chapter of the National Association of Construction Auditors. She has audited and led audit teams for small construction project as well as multi billion dollar projects.

She is an experienced trainer and can often be seen teaching domestically and internationally.

Additional Information

Duration

1 Hour

Course Level

Basic

Instructional Method

QAS Self Study

Pre-requisites

None

Advance Preparation

None

FAQ’s

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MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

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Robert Blackwell, CPA (US)

Great learning

CJT

Christine Joy Tan, CIA

excellent

Jacqueline Baptiste, CPA (US)

My interest has been piqued. I’m looking to transition out to tax preparation. This presentation has opened up another possibility.

Ramzi Mazhar, Others

Good Class

Emmanuel Garcia, CPA (US)

Thank you

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Auditing

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The Importance of Monthly Project Progress Reports in Construction Contracts

Course Details

Learning Objectives

Course Description

Overview

Qualifies for

Webinar Qualifies For

Presenter Details

About Instructor

Denise Cicchella

Other Details

Additional Information

1 Hour

Basic

QAS Self Study

None

None

FAQ’s

NASBA APPROVED

Ratings and Review

4.2

Robert Blackwell, CPA (US)

Christine Joy Tan, CIA

Jacqueline Baptiste, CPA (US)

Ramzi Mazhar, Others

Emmanuel Garcia, CPA (US)

Subject Area

Unlimited Access Plan

Inclusions

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