Construction Cost Estimating and Management

Hi, and welcome to this short course on construction cost management. This course teaches the fundamental construction management skills used to ensure projects finish under budget. The course is designed for engineers, quantity surveyors, and construction management professionals looking to further develop their learning. It's loaded with engaging lectures, quizzes, and practice activities that reflect the type of work you'll be required to do on real-world construction projects.

The course is broken down into three sections; the introduction cost estimating and cost management. In the introduction, we cover the basics of construction cost management including what it is, why it's important, and the overall process on a project. We relate this back to the life cycle of a construction project so you can see where these skills are put into action.

Section 2 of the course focuses on cost estimating. Estimating is the tool used to accurately quantify construction costs. We'll teach you exactly how to work out how much a construction project will cost to deliver. We cover an introduction to estimating, developing a pricing model, quantity take-offs, estimating direct and indirect costs, the final estimate review process, and submitting our estimate to the client.

Section 3 focuses on cost management and control. This section will teach you how to monitor and control construction costs during project delivery. We'll teach you how to calculate all the key metrics used to determine how we are progressing compared to our budget. We cover the fundamental project management concept of earned value management, how to set up a budget, and how to monitor and track costs to identify and flag budget issues early.

Hopefully, this course has something in it for you and you find it useful. If you have any questions, please get in contact and I'll answer as soon as possible! Enjoy!