Who should attend
Students from all educational backgrounds welcome. You can register for this course without applying and enrolling in a program.
About the course
Cost control is the key function to ensure project and budget success. Effective cost control includes monitoring budgets, costs and the implications of proposed work changes, along with analysis of cost-related trends; all from the earliest stages of the project. This course will cover concepts, tools and techniques of construction cost control within project management. This course includes aspects from professional organizations such as the Canadian Institute of Quantity Surveyors, Royal Institute of Chartered Surveyors, American Associations of Cost Engineers and Project Management Institute to provide a well-rounded understanding of the rationale used developing cost control systems.
Course at a glance
- Recognized by CIQS, Gold Seal, and Blue Seal both as required education for accreditation and continuing professional development (post-accreditation maintenance).
- Aimed at a wide range of construction workers, including tradesmen and journeymen, managers and supervisors, administrators, contractors, consultants, architects, and construction business owners. Construction estimators and quantity surveyors will also benefit from this course, as it extensively reviews the processes involved in construction estimating, procurement analysis, and cost control.
- Learning materials and resources available through eClass, the University of Alberta’s eLearning management tool.
What you will learn
By the end of this course, you should be able to:
- Understand the concepts of construction cost control and how it can minimize the risk of construction cost overruns; maximize construction cost efficiencies that delivery projects under budget.
- Minimize the negative cost effects or maximize the positive cost effects of any change to the scope of a project during its construction.
- Understand both time-phased and scope-phased construction budgeting concepts, including the meaning and use of contingencies, cash allowances, and construction costs (both direct and indirect).
- Demonstrate knowledge within earned value analysis and management as one of the methods of construction performance management of the project.
- Demonstrate application of the proper performance baselines and metrics.
- Apply skills to create practical guidelines on forecasting and controlling construction costs.
- Perform a root cause analysis to help recommend proper actions to deal with situations.
- Apply skills in cost reporting to make them succinct and meaningful to clients.
- All course assessments and exams will be completed in class.
Read more about Project management
Because of COVID-19, many providers are cancelling or postponing in-person programs or providing online participation options.
We are happy to help you find a suitable online alternative.