PENN STATE EXECUTIVE PROGRAMS

Applying new knowledge to real problems for measurable results.

Finance for Architects

Description

Basic financial elements will be presented with a specific focus on the architectural business model (NOT project budget or schedule of values). Consideration of various financial models for the profession (i.e., billable hours, value-added, maximum cost/price, commission, etc.) will be examined with discussions around the future of financial models for architects.

Learning Objectives

    • Discuss general financial concepts and models used in the business environment
    • Explore the impact of global/domestic economics on the industry
    • Examine the attributes of financial management and their impact on an organization.
    • Discuss the relationship of finance to marketing, proposals, contracts, etc.

      This module awards 1.5 Learning Units.  Credit designation:  LU / HSW

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