Share Description
Cost control is a critical component of effective building project management. Every year, more than 50% of projects get canceled because they go over budget, so this course introduces students to the tools and procedures needed to effectively estimate costs and maintain financial discipline throughout the project lifecycle. Students will learn how to establish precise estimates, monitor spending, and respond to changes that affect project budgets using real-world examples, guided lectures and projects. Whether you're a student new to the construction sector or a working professional looking to improve your project management skills, this course provides a disciplined and practical approach to understanding construction pricing.
Topics Covered
The course is divided into multiple modules that cover both fundamental and advanced cost management concepts:
- Introduction to construction cost estimating
- Types of estimates (conceptual, detailed and definitive)
- Quantity takeoffs and unit cost development
- Budgeting and planning for cost control
- Monitoring project performance and tracking costs
- Forecasting final project costs and identifying overruns
- Cash flow management in construction projects
- Techniques for value engineering and cost optimization
- Use of cost indexes and escalation factors
- Real-world applications and industry best practices
- And many more to explore.
Who Will Benefit
This course is ideal for:
- Civil engineering and construction management students
- Entry-level and mid-career professionals in construction and project management
- Quantity surveyors and estimators
- Architects and engineers involved in project budgeting
- Anyone interested in gaining financial oversight in the construction industry
Why Take This Course
This course not only covers the technical knowledge required to generate accurate estimates, but it also teaches critical thinking skills required to manage changes and control expenses over time. With content created by a top-tier university and taught by experienced faculty, students may be confident in the course's academic applicability. By the end of the program, learners will be able to confidently prepare cost estimates, assess budget performance and contribute to financially successful construction projects. For anybody looking to lead or assist construction projects with financial precision, this course provides a solid basis for career advancement and professional development.
