Description
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
