Learn the tools used by construction management professionals to ensure their projects finish under budget
What you'll learn
Construction Cost Management
Construction Cost Estimating
How to accurately estimate construction costs
Quantity take-offs
Construction Cost Monitoring and Control
Earned Value Management
How to monitor and control construction costs
Requirements
A keen interest in construction management
A basic understanding of construction projects
Description
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!
Overview
Section 1: Introduction
Lecture 1 Overall Introduction
Lecture 2 How to Take the Course
Lecture 3 What is Construction Management?
Lecture 4 Why do Construction Projects Fail?
Lecture 5 Who am I and Why Should You Bother Listening?
Lecture 6 Who are these Courses for?
Lecture 7 Section 1 - Introduction to Cost Estimating and Management
Lecture 8 Section 1.1 - Introduction and Key Concepts
Lecture 9 Section 1.2 - Importance
Lecture 10 Section 1.3 - Cost Management and the Project Lifecycle
Lecture 11 Section 1 - Conclusion
Section 2: Section 2 - Cost Estimating
Lecture 12 Section 2 - Introduction
Lecture 13 Section 2.1 - Introduction to Cost Estimating
Lecture 14 What is Estimating?
Lecture 15 The Different Types of Estimating
Lecture 16 Types of Construction Costs
Lecture 17 The Estimating Process
Lecture 18 Estimating at Different Project Stages
Lecture 19 Section 2.2 - Direct Costs
Lecture 20 The Work Breakdown Structure
Lecture 21 Case Study - Missing Scope
Lecture 22 Delivery Methodology
Lecture 23 Case Study - Delivery Methodology
Lecture 24 Pricing Model
Lecture 25 Quantity Take-Off
Lecture 26 Per-Unit Cost
Lecture 27 Labour Costs
Lecture 28 Case Study - Labour Costs
Lecture 29 Plant Costs
Lecture 30 Case Study - Plant Costs
Lecture 31 Material Costs
Lecture 32 Sub-Contract
Lecture 33 Case Study - Sub-Contract Costs
Lecture 34 Assumptions
Lecture 35 Detailed Example
Lecture 36 Section 2.3 - In-Direct Costs
Lecture 37 Overheads
Lecture 38 Preliminaries
Lecture 39 Case Study - Preliminary Costs
Lecture 40 Insurances and Security
Lecture 41 In-Direct Costs and the Project Schedule
Lecture 42 Section 2.4 - Other
Lecture 43 Risk and Opportunity
Lecture 44 Risk and Opportunity Case Study
Lecture 45 Margin and Corporate Overheads
Lecture 46 Estimate Review
Lecture 47 Cash-Flow Analysis
Lecture 48 Pricing Schedule
Lecture 49 Section 2 Conclusion
Section 3: Section 3 - Cost Monitoring and Control
Lecture 50 Section 3 - Introduction
Lecture 51 Section 3.1 - Pre-Construction Cost Management
Lecture 52 Going from an Estimate to a Budget
Lecture 53 Case Study - Cost Codes
Lecture 54 Design Cost Management
Lecture 55 Case Study - Design Cost Management
Lecture 56 Procurement Cost Management
Lecture 57 Section 3.2 - Construction Phase Cost Management
Lecture 58 Construction Phase Cost Management
Lecture 59 Earned Value Management
Lecture 60 Case Study - Earned Value Management
Lecture 61 Cost Code Management
Lecture 62 Treatments
Lecture 63 Tip - Learn to see money
Lecture 64 Self-Perform Cost Management
Lecture 65 Sub-Contract Cost Management
Lecture 66 Case Study - Sub-Contract Cost Management
Lecture 67 Risk and Opportunity Cost Management
Lecture 68 Section 3 - Conclusion
Section 4: Section 4 - Summary of the Course
Lecture 69 Conclusion
Lecture 70 Review of Section 1
Lecture 71 Review of Section 2
Lecture 72 Review of Section 3
Lecture 73 Overall Conlcusion
Construction Engineers,Quantity Surveyors,Junior Engineers,Construction Management Professionals,Individuals exploring career opportunities in the construction industry
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