Enroll Course: https://www.coursera.org/learn/construction-cost-estimating
In the ever-evolving field of construction, understanding cost estimation and control is crucial for project success. Coursera’s course, “Construction Cost Estimating and Cost Control,” offers a comprehensive overview of the essential skills needed to manage costs effectively throughout the lifecycle of a construction project.
The course is led by Professor Odeh, who provides a solid foundation by introducing the various types of cost estimation from the conceptual design phase to the detailed design phase. The course is structured into several modules, each focusing on different aspects of cost estimation and control.
One of the standout features of this course is its practical approach. Learners engage in a break-even analysis of construction tasks, which helps them understand the financial implications of their decisions. The course also emphasizes the importance of monitoring project cash flow, a critical skill for any construction manager.
The syllabus covers a wide range of topics, including:
– **Understanding Design in the Construction Industry**: Ian Taylor introduces the stages of design, setting the stage for effective cost estimation.
– **Types of Cost Estimates**: Professor Odeh explains the various estimation methods and the tools used to create them.
– **Quantity Take-Off and Measurement**: This module dives into the specifics of measuring construction tasks, including cut and fill costs, deep foundations, and more.
– **Pricing**: James Sneath discusses labor and equipment costs, providing insights into how to accurately price construction projects.
– **Building the Estimate**: A detailed look at how to construct an estimate from a schematic design project.
– **Procurement and Post Contract Management**: Understanding the procurement process and the role of cost managers in post-contract scenarios.
– **Construction Cost Control Methods**: Professor Odeh introduces various cost control techniques, including the Earned Value Method (EVM).
– **Project Cash Flow**: Ben Miller discusses the impact of contracts and cash flows on project success.
– **Technology Trends**: Kevin Labrecque explores the latest technology trends in cost estimating, including BIM and estimating software.
The course culminates in discussions about cost estimation in practice, providing learners with tips and insights into the international roles of cost managers.
Overall, this course is highly recommended for anyone looking to deepen their understanding of construction cost estimation and control. Whether you’re a student, a new professional in the field, or an experienced manager looking to refresh your skills, this course offers valuable knowledge and practical tools that can be applied in real-world scenarios.
With its expert instructors and comprehensive syllabus, Coursera’s “Construction Cost Estimating and Cost Control” is a must-take for anyone serious about a career in construction management.
Enroll Course: https://www.coursera.org/learn/construction-cost-estimating