Course Overview
This course is equivalent to PEMAC Maintenance Management Professional Certification Program Module 4: Financial Management for the Maintenance Manager. This module focuses on applying financial management principles within the maintenance management role. It provides a strong foundation in key areas, including financial statements, project analysis, budgeting and forecasting, cost analysis for managerial decisions, and MRO inventory management. Participants will gain the skills needed to make informed decisions, effectively communicate with finance professionals, and support the overall success of their maintenance departments.
Prerequisite(s)
- 60% in PEMA 1000
Credits
2.5
Domestic fees
$546.09
International fees are typically 3.4 times the domestic tuition. Exact cost will be calculated upon completion of registration.
Learning Outcomes
Upon successful completion of the course, the student will be able to:
- Apply financial management principles to real-world maintenance scenarios.
- Analyze and interpret financial statements to assess the financial health of an organization.
- Develop and manage budgets for maintenance activities.
- Evaluate proposed maintenance projects using various investment appraisal techniques.
- Apply accounting principles to maintenance operations.
- Identify and manage different types of maintenance costs.
- Analyze and interpret financial data to identify areas for improvement in maintenance operations.
- Implement cost control measures to maximize the value of maintenance investments.
- Apply financial forecasting techniques to predict future maintenance costs and resource needs.
- Manage MRO inventory effectively to minimize downtime and costs.
- Communicate financial information effectively to stakeholders
Effective as of Winter 2025
Related Programs
Financial Management for the Maintenance Manager (PEMA 2020) is offered as a part of the following programs:
School of Energy
- Maintenance Management Professional
Statement of Completion Part-time
Course Offerings
Winter 2027
Below is one offering of PEMA 2020 for the Winter 2027 term.
CRN 73930
Dates
Feb 10 - Apr 14 Loading
- CRN 73930
- $546.09 Domestic fees
Class meeting times
| Dates | Days | Times | Locations |
|---|---|---|---|
| Feb 10 - Apr 14 | Wed | 18:45 - 21:45 | Online |
Duration
10 weeks
Instructor
TBD
Course outline
Course outline TBD — see Learning Outcomes in the interim.
Registration requirements
Departmental approval is required to register for this course offering. You must have approval from the department to register. Students accepted into a program can register directly.
Important information
- Textbooks and materials can be purchased directly from the PEMAC bookstore prior to the first class: store.pemac.org/.
Confirmation
Required
To proceed with registration and add this course to the cart, please confirm:
No approval yet? Request approval You must have approval from the department to register. Students accepted into a program can register directly.
Status
If you have any questions about this course, please contact us.
Programs and courses are subject to change without notice. Find out more about BCIT course cancellations.