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Updated in [October 07th, 2023]
What does this course tell?
(Please note that the following overview content is from the original platform)
This course has been designed for business owners and anyone involved in project management and will be of particular interest to Estimators Builders Engineers Construction and Project Managers Project Coordinators and Site and Works Managers or those intending to be involved in the area of estimating or controlling costs on projects If you would like to discuss being assessed for this course please visit our website Upon successful completion you will receive a certificate of attainment
We considered the value of this course from many aspects, and finally summarized it for you from two aspects: skills and knowledge, and the people who benefit from it:
(Please note that our content is optimized through artificial intelligence tools and carefully reviewed by our editorial staff.)
What skills and knowledge will you acquire during this course?
During this course, participants will acquire the following skills and knowledge:
1. Estimating techniques: Participants will learn various methods and techniques used in estimating project costs, including bottom-up estimating, top-down estimating, and parametric estimating.
2. Cost control strategies: Participants will gain an understanding of effective cost control strategies, such as variance analysis, earned value management, and cost forecasting.
3. Budgeting and resource allocation: Participants will learn how to develop project budgets and allocate resources effectively to ensure cost control throughout the project lifecycle.
4. Cost estimation software: Participants will be introduced to popular cost estimation software tools used in the industry, enabling them to streamline the estimation process and improve accuracy.
5. Risk management: Participants will learn how to identify and assess project risks that can impact costs, and develop strategies to mitigate these risks.
6. Contract management: Participants will gain knowledge of contract management principles and practices, including understanding different types of contracts, negotiation techniques, and change order management.
7. Communication and stakeholder management: Participants will develop skills in effective communication and stakeholder management, enabling them to collaborate with clients, contractors, and other project stakeholders to ensure cost control objectives are met.
8. Legal and regulatory considerations: Participants will gain an understanding of relevant legal and regulatory requirements related to estimating and cost control in construction projects.
9. Project documentation: Participants will learn how to create and maintain accurate project documentation, including cost estimates, progress reports, and change orders.
10. Continuous improvement: Participants will be encouraged to adopt a mindset of continuous improvement, learning how to analyze project performance data and implement corrective actions to enhance future estimating and cost control efforts.
Upon successful completion of the course, participants will receive a certificate of attainment, validating their newly acquired skills and knowledge in estimating and cost control.
Who will benefit from this course?
This course on Estimating & Cost Control will benefit business owners, project managers, estimators, builders, engineers, construction managers, project coordinators, site and works managers, and anyone intending to be involved in the area of estimating or controlling costs on projects.
Course Syllabus
Introduction
Estimating and Developing a Tender Estimate
Budgeting for costs and review practices
Module 3 - Cost Control & Forecasting
Variance from Cost Budgets and Administrative Controls
