Course overview
This free online course offers a comprehensive guide to mastering construction cost management in practice. It provides the advanced knowledge needed to be implemented for construction projects to keep the construction budget under control throughout the project lifecycle. Whether you're a construction engineer, quantity surveyor, cost estimator, project manager, or part of a construction project team, this course is for you. Don't miss it.
Course description
Construction project management is considered one of the most difficult and complex tasks in today's world due to the expansion of this sector, its growing influence on countries' economies, and the tremendous technological progress it has included. Effective management of the cost of these projects is at the tip of the spear in their success, and statistics do not indicate promising numbers regarding the percentage of projects that succeed in achieving their goals without exceeding their budgets. Therefore, the quality of managing the cost of this type of project has become at the top of the list of skills required in the labor market.
This course provides learners with the basic knowledge and advanced skills in managing construction project costs. It begins with an introduction to the construction industry, its development, challenges, cost and management, and concepts, types, and systems. The course then delves into the project cost management plan through cost leadership, cost elements, monitoring and control, and specific areas to focus on. It concludes with best practices for effective implementation plans, potential dangers, challenges, and a model recipe for an effective action plan. The course covers the entire project lifecycle.
In this course, you will be guided carefully through a prescribed way to understand and excel in construction cost management. By the end of the course, you will understand how to master construction project cost management and how you can contribute to their success. Wait no more and enrol now.
Entry requirements
Get in touch with the course provider, or visit their website, for details.
Learning outcome
- Explain the concept of cost management and its significance in construction projects
- Discuss the importance of construction cost management
- Describe the different types of construction costs
- Identify the cost management systems and distinguish between them
- Illustrate the concept of cost leadership and its relevance to organizational strategy
- List and describe the core components of the construction cost plan
- Recall the key critical areas to focus on during the process of controlling and monitoring the construction
- Categorize the tools and techniques used to manage construction costs
- Evaluate the effective execution of the construction cost planning
- Summarize the main challenges of managing construction costs and how to address them
- Create an effective construction cost action plan
- Outline the procedures for controlling the construction cost
Knowledge and skills you will learn
Course options
Course Type: Online
Details
Venue details
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