Construction Cost Estimating and Cost Control

This course introduces the types of cost estimation from the conceptual design phase through the more detailed design phase of a construction project. In addition, the course highlights the importance of controlling costs and how to monitor project cash flow. Learners will work on a break-even analysis of construction tasks in a project. The course begins with Professor Odeh providing an overview of what will be covered. Next, learners explore the stages of design in a construction project. Professor Odeh then describes the types of cost estimates in a construction project, and the tools and methods used to create estimates.By the end of this course, you will be able to: -Acquire the fundamentals of cost estimation and the design phase to perform cost estimation -Learn about cost control and cost control methods, emphasizing the Earned Value Method or EVM -Understand the close out period of the project by exploring the punch lists, final approval, and turnover to the client

• The fundamentals of cost estimation and the design phase to perform cost estimation

• How to conduct the close out period of the project by exploring the punch lists, final approval, and turnover to the client

• The cost control methods emphasizing the Earned Value Method

Syllabus

Syllabus - What you will learn from this course
Week 1
Construction Cost Estimating and Cost Control Overview
Understanding Design in the Construction Industry
Introduction to the Types of Cost Estimates
Quantity Take-Off and Measurement
Week 2
Pricing
Building the Estimate
Procurement
Post Contract and Cost Estimation within a Project
Week 3
Construction Cost Control Methods
Earned Value Method (EVM)
Close Out Period
Cost Estimation in Practice
Week 4
Project Cash Flow
Technology Trends in Cost Estimating and Cost Control
Week 5
Program Cost Estimating
Lean in Cost Control

FAQ

When will I have access to the lectures and assignments?

Access to lectures and assignments depends on your type of enrollment. If you take a course in audit mode, you will be able to see most course materials for free. To access graded assignments and to earn a Certificate, you will need to purchase the Certificate experience, during or after your audit. If you don't see the audit option:

The course may not offer an audit option. You can try a Free Trial instead, or apply for Financial Aid.

The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.

What will I get if I subscribe to this Specialization?

When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.

Is financial aid available?

Yes. In select learning programs, you can apply for financial aid or a scholarship if you can’t afford the enrollment fee. If fin aid or scholarship is available for your learning program selection, you’ll find a link to apply on the description page.

Reviews

Excellent professional teaching and it was immense of good experience which I gained in our Colombia University...Heartfelt thanks for the entire team

I would like if the standard unit of calculation of materials are SI unit rathen than Feet or american units, because it makes confusion for me.

Good course, and I agree with a lot of the points. Being active in the industry I was hoping to walk away with new techniques and skill sets. I feel the class was more of a refresher of what we do.

The course is very good. But please, upload the excel or pdf to make learning easier. Because some videos are very difficult to see, especially excel form. Thanks.