Lesson series
Mastering Construction Cost Control
28 hours
The Training Program Description and Objectives and Outcome:
This training program was specifically designed and created to support British Columbians that maybe employed or have been employed in the construction sector to gain technical skills in response to technological advancements and essential skills to obtain good-paying jobs and increase job security,
This program aims to provide absolutely high-value and high-quality corporate training to help employers in construction industry to train their current or future employees to meet their immediate needs of the business and the participant’s job, to help employers build up an agile, skilled, and resilient workforce which is essential for strong, sustainable and balanced growth with a strategic competitive advantage for productivity and innovation
Upon completion of the following modules
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.
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
the successful participant (student) will gain the right mix of knowledge and skills to adapt to the labour market’s changing job requirements, to be well equipped to respond to the evolving demands of the labour marketThe intended outcome and result of training will be improved job-related skills leading to increased job security and /or a better job for a current employee of the applicant employer and /or a job for an unemployed person
-
Admission Requirements
Participants must be Canadian citizens, permanent residents, or protected persons under the Immigration and Refugee Protection Act (Canada), who are entitled to work in Canada. at least 16 years old and be either:
• Unemployed, or
• Employed by the applicant employer
Once training is completed, employers will hire or continue to employ participants in B.C
-
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
Created with
