Overview
Construction cost management is the process of keeping projects on budget. For general contractors, this keeps projects from overspending and chewing away at their bottom line. Effective construction cost management ensures that the spending throughout the project life cycle is on track. The Construction Cost Management course is designed to equip professionals with essential skills and knowledge to effectively plan, monitor, and control construction project costs. It provides a comprehensive understanding of cost estimation, budgeting, cost control strategies, and financial management principles tailored for the construction industry. This course is an essential training for professionals looking to excel in construction cost management and ensure project profitability and financial success.
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Course Objectives: By the end of the course, participants will:
- Understand the fundamentals of construction cost management.
- Learn how to develop accurate cost estimates and budgets.
- Explore cost control techniques to minimize overruns.
- Analyze financial risks and implement cost-saving strategies.
- Gain insights into contract pricing, procurement, and value engineering.
- Utilize industry-standard tools and software for cost management
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Delivery Method: Interactive lectures, case studies, hands-on exercises, and real-world project simulations
Course Features
- Lectures 26
- Quizzes 0
- Duration 20 hours
- Skill level All levels
- Language English
- Students 1000
- Certificate No
- Assessments Yes
Curriculum
- 7 Sections
- 26 Lessons
- 20 Hours
- Introduction to Construction Cost Management7
- Cost Estimating2
- Budgeting and Financial Planning2
- Progress & Cost Control4
- Project Management7
- 5.01. Project Planning
- 5.12. Leadership and Management of Project People
- 5.23. Quality Management
- 5.34. Strategies to enhance project value while reducing costs
- 5.45. Contracting for Capital Projects
- 5.56. Different pricing models in construction contracts
- 5.67. Impact of procurement strategies on project costs
- Economic Analysis3
- Construction Cost Management Tools & Software1
Requirements
- While there are no strict prerequisites, having a basic understanding of construction and financial principles will be beneficial. If you are completely new to the field, it is advisable to take an introductory course on construction management or project budgeting before enrolling in this course.
Target audiences
- • Project Managers / Project managements team / Controller.
- • Cost Engineers.
- • Quantity Surveyors.
- • Construction Managers.
- • Civil Engineers
- • Financial and Procurement Professionals in the construction industry.
