Monthly Subscription Starting at AED 99 + VAT

Construction Cost Estimating and Cost Control
  • Level Foundation
  • Duration 20 hours
  • Course by Columbia University
  • Offered by

About

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

Modules

Construction Cost Estimating and Cost Control Introduction

    • 1 Videos
    • 2 Readings
    • 1 Discussion
    • 1 Plugin
Show info about module content

1 Discussions

  • Introduction to Cost Estimating and Cost Control

1 Videos

  • Introduction to Cost Estimating and Cost Control

2 Readings

  • Academic Honesty Policy
  • Discussion Forum Etiquette

Understanding Design

    • 1 Videos
    • 1 Readings
    • 1 Discussion
    • 1 Assignment
Show info about module content

1 Assignment

  • Understanding Design

1 Discussions

  • Understanding Design

1 Videos

  • Design In The Construction Industry

1 Readings

  • Lecture Handout

Types of Cost Estimates

    • 3 Videos
    • 1 Readings
Show info about module content

3 Videos

  • Overview of the Types of Cost Estimates
  • Cost Indices
  • Cost-Capacity Factor

1 Readings

  • Lecture Handout

Assignment

    • 1 Discussion
    • 2 Assignment
Show info about module content

2 Assignment

  • Cost Estimates Quiz
  • Cost Estimates Work Problem

1 Discussions

  • Cost Indices

Quantity Take-Off and Measurement

    • 2 Videos
    • 1 Readings
Show info about module content

2 Videos

  • Measurement, Masonry, Glass Curtain Wall
  • Facade / Wall Finishes / Measurement Overview

1 Readings

  • Lecture Handout

Cut and Fill

    • 3 Videos
    • 1 Readings
Show info about module content

3 Videos

  • Cut and Fill Process and Equipment
  • Cut and Fill Takeoff
  • Cut and Fill Software

1 Readings

  • Lecture Handout

Deep Foundations

    • 1 Videos
Show info about module content

1 Videos

  • Introduction to Deep Foundations

Concrete Foundation

    • 5 Videos
    • 1 Readings
Show info about module content

5 Videos

  • Concrete Foundation and Concrete Properties
  • Concrete Formwork
  • Concrete Takeoff: Parking Lot Example
  • Concrete Takeoff: Skyscraper Example
  • Quantifying rebar Walkthrough

1 Readings

  • Lecture Handout

Structural Steel

    • 3 Videos
    • 1 Readings
Show info about module content

3 Videos

  • History of Structural Steel
  • Steel Sections in Design
  • Structural Steel Takeoff Example

1 Readings

  • Lecture Handout

Quiz: Quantity Take-Off and Measurement

    • 1 Discussion
    • 1 Assignment
Show info about module content

1 Assignment

  • Quantity Take-Off and Measurement

1 Discussions

  • Quantity Take-off and Measurement

Pricing

    • 2 Videos
    • 1 Readings
Show info about module content

2 Videos

  • Cost of Materials and Formwork
  • Concrete Material: Reinforcing Steel and Concrete

1 Readings

  • Lecture Handout

Labor Costs

    • 2 Videos
Show info about module content

2 Videos

  • Money Component
  • Productivity Component and Examples

Equipment Costs

    • 1 Videos
Show info about module content

1 Videos

  • Estimating Equipment Costs

Quiz: Pricing

    • 1 Assignment
Show info about module content

1 Assignment

  • Pricing

Building the Estimate

    • 6 Videos
    • 2 Readings
    • 1 Assignment
Show info about module content

1 Assignment

  • Building the Estimate

6 Videos

  • Estimate Classification, Methods and Formats
  • Design Estimate Project
  • Schematic Design Estimate Demo
  • Schematic Design: A Deeper Dive
  • Building and Finalizing the Estimate
  • Checks and Due Diligence

2 Readings

  • Lecture Handout
  • Lecture Material - Schematic Design

General Procurement Bid Stage

    • 2 Videos
    • 1 Readings
    • 1 Assignment
Show info about module content

1 Assignment

  • Procurement

2 Videos

  • General Procurement: Pre-Bid Estimate and Bid Documentation
  • Bid Stage, Bid Returns and Levelling

1 Readings

  • Lecture Handout

Post Contract

    • 3 Videos
    • 1 Readings
    • 1 Assignment
Show info about module content

1 Assignment

  • Post-Contract Quiz

3 Videos

  • Cost Reporting Overview
  • Cost Reporting Examples
  • Change Orders and Communication

1 Readings

  • Lecture Slides

Construction Cost Control Methods

    • 2 Videos
    • 1 Readings
    • 1 Assignment
Show info about module content

1 Assignment

  • Cost Control

2 Videos

  • What is Cost Control
  • Defining Methods of Cost Control

1 Readings

  • Lecture Handout

Earned Value Method (EVM)

    • 5 Videos
    • 1 Readings
Show info about module content

5 Videos

  • Defining EVM
  • EVM Parameters
  • Performance Examples
  • EVM Favorable Performance
  • Calculating EVM

1 Readings

  • Lecture Handout

Assignment

    • 2 Assignment
Show info about module content

2 Assignment

  • Earned Value Method
  • Work Problem EVM

Punch List

    • 1 Videos
Show info about module content

1 Videos

  • Close Out Punch List Review

Final Approval and Turnover

    • 1 Videos
    • 1 Readings
Show info about module content

1 Videos

  • Close Out Activities

1 Readings

  • Lecture Handout

Quiz

    • 1 Assignment
Show info about module content

1 Assignment

  • Close Out Period

Cost Estimation in Practice

    • 3 Videos
    • 1 Readings
    • 1 Assignment
Show info about module content

1 Assignment

  • Cost Estimation

3 Videos

  • Cost Estimating in General Practice
  • Tips in Cost Estimating and Cost Management
  • Roles and Responsibilities of Cost Managers

1 Readings

  • Lecture Handout

Cash Flows and Contracts

    • 8 Videos
    • 1 Readings
Show info about module content

8 Videos

  • Cash Flow Method
  • Accrual Method
  • Contractor Cash Flow
  • Charting Cash Flow
  • Calculating Billing
  • Payment Cycle
  • Payment Cycle Drivers
  • Payment Cycle Delays

1 Readings

  • Lecture Handout

Improving Cash Flow

    • 4 Videos
    • 1 Readings
Show info about module content

4 Videos

  • Schedule of Value
  • Accelerating Revenue
  • Front Loading
  • Delaying Expenses

1 Readings

  • Lecture Handout

Quiz: Project Cash Flow

    • 1 Assignment
Show info about module content

1 Assignment

  • Project Cash Flow

Technology Trends in Cost Estimating and Cost Control

    • 5 Videos
    • 1 Readings
    • 1 Discussion
Show info about module content

1 Discussions

  • Technology Trends in Cost Estimating and Cost Control

5 Videos

  • 5D Estimating Systems (BIM)
  • Estimating Software in Action
  • Workflows
  • Implementation Perspective
  • Next Steps

1 Readings

  • Lecture Handout

Cost Control for Large Programs

    • 3 Videos
    • 1 Readings
    • 1 Assignment
Show info about module content

1 Assignment

  • Cost Control for Large Programs

3 Videos

  • Program Cost Control
  • Defining the Cost of a Capital Program
  • Useful Tools for Cost Control

1 Readings

  • Lecture Handout

Lean in Cost Control

    • 5 Videos
    • 1 Readings
    • 1 Discussion
    • 1 Assignment
Show info about module content

1 Assignment

  • Lean in Cost Control

1 Discussions

  • Lean in Cost Control

5 Videos

  • Money and Estimate in Capital Project Delivery
  • Benchmarking and Normalization Process
  • Lean Design: Value
  • Lean in Cost Control
  • Lean Set Based Design

1 Readings

  • Lecture Handout

Post Course Survey

    • 1 Plugin
Show info about module content

Auto Summary

Unlock the essentials of Construction Cost Estimating and Cost Control with this comprehensive course designed for aspiring professionals in the Business & Management domain. Guided by the expertise of Professor Odeh, you'll delve into the critical aspects of cost estimation throughout the various phases of a construction project. This course begins with an insightful overview provided by Professor Odeh, followed by a deep dive into the stages of design in construction. You'll explore the types of cost estimates, learning the tools and methods essential for creating accurate projections. The curriculum also emphasizes the importance of cost control, including methods like the Earned Value Method (EVM), and covers the project close-out period, focusing on punch lists, final approval, and client turnover. Spanning a total of 1200 minutes, this foundational course is perfect for those looking to acquire the fundamentals of cost estimation and control. With subscription options available in both Starter and Professional tiers, it caters to a wide range of learners aiming to enhance their skills and knowledge in construction project management. By the end of the course, you will be equipped to: - Master the fundamentals of cost estimation across the design phase - Implement cost control methods effectively - Navigate the project close-out process with confidence Join us on Coursera and take the next step in your career with a solid foundation in construction cost management.

Ibrahim Odeh, Ph.D., MBA
Instructor

Ibrahim Odeh, Ph.D., MBA