BLCN13038 Cost Planning and Control
(NC)
This course provides an understanding of cost planning
and cost control procedures in the building and construction industry
including:
- cost effectiveness and cost control
of construction projects;
- cost management, cost monitoring, control systems, cost
reporting and forecasting, variation control, cash flow coordination,
work package scoping, projections, and budgets throughout the design
and construction phases of a project;
- principles of construction cost control systems; budget
maintenance; analysis of performance; cost reports; contract cost
administration; and
- cost planning: Objectives and parameters, Data gathering,
data analysis, analysis of design, project implementation plans,
procurement plans, financial analysis, scope audits.
This
course also provides an introduction to the project value management
process and the establishment of client cost targets, quality targets,
time targets, risk allocation, cost breakdowns, end cost, and project alternatives
for construction projects.