An Intensive 5-day Training Course
Construction Cost Analysis and Management
Principles and practices of managing costs in construction projects
Course Introduction
This Construction Cost Analysis and Management training course delve into the essential principles and practices of managing costs in construction projects. In this training course, participants will explore the fundamental concepts of cost analysis, budgeting, and control techniques specific to the construction industry.
Through a blend of theoretical study and real-world case studies, participants will gain a comprehensive understanding of how to effectively estimate, monitor, and manage costs throughout the project lifecycle. Whether you're a seasoned construction professional or new to the field, this course equips you with the knowledge and skills necessary to navigate the complexities of construction cost management and drive project success.
This Construction Cost Analysis and Management training course will highlight:
- Principles of construction cost analysis
- Techniques for estimating project costs
- Strategies for budgeting and controlling construction expenditures
- Real-world case studies illustrating cost management practices
- Tools and software applications for effective cost analysis in construction projects
Objectives
At the end of this Construction Cost Analysis and Management training course, you will learn to:
- Apply various methods for accurately estimating construction project costs.
- Analyse cost data to identify potential cost-saving opportunities and mitigate financial risks.
- Develop comprehensive budgets and cost management plans for construction projects.
- Utilise industry-standard software and tools to conduct cost analysis effectively
- Implement strategies to monitor and control project expenditures throughout the construction lifecycle.
Training Methodology
The Construction Cost Analysis and Management training course employs a multifaceted training approach comprising interactive lectures, practical exercises, case studies, group discussions, and workshops. Participants engage in hands-on activities, analyse real-world case studies, and collaborate in group discussions to deepen their understanding of construction cost analysis and management principles. Continuous assessments and feedback facilitate skill development, while ongoing support ensures a seamless learning journey beyond the classroom, equipping participants with the expertise to thrive in construction cost management.
Organisational Impact
The Organisation will have the following benefits:
- Enhanced cost estimation accuracy and budget management capabilities.
- Improved decision-making in construction project planning and execution.
- Streamlined contract negotiation skills for cost-effective project delivery.
- Increased efficiency in identifying and mitigating cost-related risks.
- Enhanced ability to analyse and interpret construction cost data effectively.
- Greater alignment with industry best practices and regulatory compliance standards.
Personal Impact
At the end of this Construction Cost Analysis and Management training course, the participants will gain the following:
- Advanced skills in construction cost analysis for accurate project forecasting.
- Strategic cost management techniques for improved budgetary control.
- Enhanced negotiation abilities for favourable contract terms and conditions.
- Practical knowledge to mitigate cost-related risks and ensure project success.
- Career advancement opportunities through refined cost management expertise.
- Increased confidence in handling complex cost-related challenges in construction.
Who Should Attend?
This Oxford Management Centre Construction Cost Analysis and Management training course is suitable to a wide range of professionals but will greatly benefit:
- Construction project managers are seeking to enhance their cost analysis and management skills.
- Construction cost estimators aim to improve their estimating techniques and understanding of project finances.
- Construction professionals are involved in budgeting, procurement, and financial decision-making.
- Students and graduates pursuing careers in construction management, quantity surveying, or related fields.
- Contractors, subcontractors, and construction company owners are interested in optimising project profitability through effective cost management.
Course Outline
Day One
Introduction to Construction Cost Analysis and Management
- Overview of Construction Industry Trends
- Importance of Cost Analysis in Construction Projects
- Key Concepts in Cost Management
- Cost Breakdown Structures
- Cost Estimation Methods
- Challenges in Construction Cost Management
Day Two
Cost Estimation Techniques
- Estimating Labour Costs
- Material Pricing and Procurement
- Equipment Costs and Rentals
- Estimation Software Tools Overview
- Quantity Take-off and Cost Estimation
- Peer Review and Feedback Session
Day Three
Budgeting and Financial Planning
- Developing Project Budgets
- Cash Flow Management Strategies
- Financial Risk Assessment
- Funding and Financing Options
- Budget Allocation Techniques
- Budgeting for Large-Scale Construction Projects
- Creating Project Budgets
Day Four
Procurement and Contract Management
- Introduction to Construction Procurement
- Types of Contracts in Construction
- Bid Evaluation and Contractor Selection
- Negotiating Contract Terms
- Contract Administration Best Practices
- Successful Contract Management Strategies
- Contract Negotiation Scenarios
Day Five
Cost Control and Performance Monitoring
- Principles of Cost Control
- Variance Analysis Techniques
- Value Engineering Principles
- Change Order Management
- Performance Metrics and KPIs
- Monitoring Project Progress
Certificate
On successful completion of this training course, Oxford Management Centre Certificate with eligible Continuing Professional Education credits (CPE) from National Registry of CPE Sponsor will be awarded to the delegates
Accreditation
In association with
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FREQUENTLY ASKED QUESTIONS
Yes, we provide assistance in securing both hotel reservations & entry visa on all our international training venues, for delegates attending our training courses. For further information / assistance, please contact our Customer Service at:
- Telephone: +971 50 985 0174
- E-mail: info@oxford-management.com
Yes, Oxford Management Centre is accredited by the following professional bodies;
National Association of State Board of Accountancy (NASBA)
The Oxford Management Centre is registered with NASBA as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. NASBA have final authority on the acceptance of individual courses for CPE credit.
Yes, discounts are available. For further information please call +971 50 985 0174 or email, info@oxford-management.com
Note: Discounts are not applicable with any other special offer that may be available.
All course bookings made through Oxford Management Centre are non-refundable. By registering for a course, you acknowledge and accept that fees are payable in full and are not subject to refund under any circumstances, including but not limited to participant dissatisfaction, changes in personal or professional circumstances, or partial attendance.
Oxford Management Centre reserves the right to make reasonable adjustments to course content, trainers, or schedules where necessary, without entitling delegates to a refund. Full details of each course – including objectives, target audience, and content – are clearly outlined prior to enrolment, and it is the responsibility of the delegate to ensure suitability before booking.
There are 2 easy ways to register:
- Online: Select the training course you want to register for, Click the “Book Your Place” button on the course page, complete the form and click submit.
- E-mail: Send your details to info@oxford-management.com
We request that all cancellations be made at least one week before the class start date. You may reschedule this class without any penalty. If not, a $250 fee will be charged for cancellations received less than one week before a class begins and for no-shows. Cancellation penalties and any fees incurred by Oxford Management Centre will be deducted from refunds.
For more information request, email info@oxford-management.com or call +971 50 985 0174.
The classroom training fees include course presentation, relevant materials, physical & digital documentation, lunch and refreshments served during entire training. Accommodation and transportation are not included in the training course fees.
While, online training fees cover the course presentation and digital documentation and relevant materials.
The Oxford Management Centre Certificate of Completion with corresponding CPE credits shall be awarded to delegates who has successfully completed the training course.
Payment must be received before the training course commences. You can make payment by bank draft, cash, credit card or wire transfer.
Note: If the payment is not received, Oxford Management Centre has the right to refuse admission.
Upon receipt of your registration form, we will send you the following by e-mail:
- Registration Confirmation
- Invoice/Receipt (where appropriate)
If you register online you will receive an e-mail within 24 hours confirming your registration.
