Mastering Construction Cost Control
 28 hours 

Description: This training program was specifically designed and created to help participants from the construction sector study the following topics

We will review the theory and practice of project control of construction projects and will focus on cost and schedule monitoring and control techniques to minimize cost overruns and schedule slippages while bringing together many of the topics, tools, techniques, and strategies of other related disciplines in the construction ecosystem. We will explore from a project management perspective the key processes of the cost control cycle, including budget baselines, schedule baselines, progress measurement, variance calculations, earned value, corrective action, and LEAN methodology to add value and reduce waste.

- Introduction to construction cost control

- Describe the basic definition and qualities of cost control in construction, also explain the documentation of controlling cost

- Understand the use and application of cost coding in project management, as well as how cost and schedule baseline are established for cost control in construction

- Understand the importance of progress measurement for cost monitoring and control Identify and determine the different methods of measurement for project progress

- Review contract documents, as well as prepare credible and consistent documentation regarding change orders

- Explain the importance of cash flow in the construction industry and the consequences of negative cash flow

- Explain Earned Value Analysis and apply it to a building case

Program Duration

The duration of the program is 4 weeks.

-

Learning Resources

Learning resources are mainly from textbooks, real-life case studies, internet information, as well as videos.

-

Delivery Methods:

In-class instruction, On-site, Distance/Online, or Combined

-

Marking Scheme

This program will have two parts; one part is a theory, and another part is practice.

Completion of distance class of theory will be counted as 50% towards the final grade, Completion of case study, term project, and presentation will be counted as 50% towards the final grade.

Grading scale for each class is as follows:

A 94-100%

A- 90-93%

B+ 86-89%

B 83-85%

B- 80-82%

C+ 75-79%

C 70-74%

D 60-69%

F 0-59%

-

Requirements for Graduation

Courses with grades lower than “C” is not counted toward the completion of the corporate training program.

-

Capacity (number of participants): 30

-

Name of instructors: team of experts of Vancity Institute,

Jamie, Designer with Bachelor’s Degree of interior design and 25+ years of construction professional experience along with tremendous 10+ years experience in teaching and coaching

Vivian, Lawyer with Bachelor’s Degree of law, 25+ years of construction professional experience along with 10+ years experience in teaching and coaching

Richard, Engineer with Bachelor’s Degree of engineering, 25+ years of construction professional experience along with 10+ years experience in teaching and coaching

Bill, QS with Bachelor’s Degree of engineering, 30+ years of construction professional experience along with 10+ years experience in teaching and coaching

Thomas, architect with Bachelor’s Degree of architecture, 35+ years of construction professional experience along with 15+ years experience in teaching and coaching

Qian, Administrator and associate instructor, with Bachelor’s Degree of Economics, 8+ years of admin experience along with 8+ years experience in teaching and coaching