MAY CURRICULUM
Cost Management and Budgeting
Learning how to estimate, monitor, and control project costs. This module covers cost estimation techniques, financial tracking, value engineering, and strategies for staying within budget while maintaining quality.
2025 DATE: MAY 9TH AT 9:00AM EST
MODULE TOPICS
- Cost estimating techniques (analogous, parametric, and detailed estimation)
- Budgeting for construction projects: phases and controls
- Managing change orders and their impact on project budgets
- Using cost-tracking tools and software
- Real-world examples of cost overruns and how they were controlled
OBJECTIVES
- Learn to develop accurate cost estimates at different stages of a project.
- Understand how to control project costs by tracking budget performance and managing change orders.
- Gain proficiency in cost estimation software to automate and streamline the budgeting process.
- Analyze real-world case studies to understand the causes of cost overruns and how they were addressed.
2025 DATE: MAY 23RD AT 9:00AM EST
MODULE TOPICS
- Defining value engineering and its role in cost management
- Techniques for identifying cost-saving opportunities without sacrificing quality
- Value engineering and its impact on sustainability
- Real-world applications of value engineering in construction projects
- Implementing VE workshops and involving stakeholders
OBJECTIVES
- Understand the principles of value engineering and how it can be applied to reduce project costs.
- Identify and apply VE techniques that maximize project value while maintaining or improving quality.
- Learn to facilitate value engineering workshops with key project stakeholders.
- Explore successful case studies where value engineering led to significant savings in large construction projects.
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