Enroll Course: https://www.coursera.org/learn/construction-cost-estimating
Navigating the financial complexities of construction projects can be daunting, but Coursera’s “Construction Cost Estimating and Cost Control” course offers a comprehensive solution. This course, taught by industry experts from leading firms like Turner and Townsend, Gilbane Building Company, and AECOM, provides a thorough grounding in managing project finances from conception to completion.
The curriculum begins by demystifying the different types of cost estimates used throughout the design phases, from initial conceptualization to detailed design. It then delves into the critical aspect of cost control, emphasizing the importance of monitoring project cash flow and performing essential analyses like the break-even point.
What sets this course apart is its practical, step-by-step approach. You’ll learn about quantity take-offs, including detailed examples for elements like cut and fill, foundations, and structural steel. The ‘Pricing’ module breaks down labor, material, and equipment costs, offering insights into productivity components that are crucial for accurate budgeting.
The course expertly guides you through building an estimate, covering procurement stages and the role of cost managers. Post-contract activities, such as cost reporting and managing change orders, are also thoroughly explained. The latter half of the course focuses on robust cost control methods, including an in-depth look at the Earned Value Method (EVM), a vital tool for tracking project performance.
Furthermore, the course touches upon essential closing procedures and offers practical tips for general practice in cost estimating and management. It even explores contemporary trends, such as 5D Estimating Systems (BIM) and various estimating software, preparing learners for the technological advancements shaping the industry. The inclusion of modules on program cost estimating and Lean principles in cost control broadens the scope, making it relevant for both project-specific and large-scale program management.
Overall, “Construction Cost Estimating and Cost Control” is an invaluable resource for aspiring and experienced professionals alike. It equips learners with the knowledge and practical skills to accurately estimate costs, maintain financial discipline, and ensure the profitability of construction projects. I highly recommend this course for anyone looking to excel in construction financial management.
Enroll Course: https://www.coursera.org/learn/construction-cost-estimating