Construction Cost Estimating and Cost Control from Coursera

What's inside

Syllabus

Construction Cost Estimating and Cost Control Overview

Professor Odeh describes the course and provides an overview of what will be covered. Also covered is an introduction to Construction Cost Estimating and Cost Controls.

Understanding Design in the Construction Industry

Ian Taylor, project manager for Turner and Townsend, introduces the stages of design in a construction project.

Introduction to the Types of Cost Estimates

Professor Odeh describes the types of cost estimates in a construction project. Also covered in this module are the tools and methods used to create estimates.

Quantity Take-Off and Measurement

James Sneath, Associate Director of Cost Management for Turner and Townsend, and Ian Taylor, Project Manager for Turner and Townsend, discuss Quantity Take Off and Measurement. Estimating cut and fill costs is taught along with a detailed example of using cut and fill software. Also covered in this module is the topic of deep foundations, concrete foundations and structural steel, measurement, masonry, glass curtain wall, facade and wall finishes.

Pricing

James Sneath, Associate Director of Cost Management for Turner and Townsend, discusses pricing, labor costs and equipment costs. Topics include, cost materials, formwork, reinforcing steel and concrete. Money component and productivity component is discussed in labor costs, as well as estimating equipment costs.

Building the Estimate

James Sneath, Associate Director of Cost Management at Turner and Townsend, Inc., illustrates how to build an estimate. Sneath does a deep dive into a schematic design project.

Procurement

James Sneath, Associate Director of Cost Management for Turner and Townsend, discussed the procurement stage of a construction projects and they typical involvement of a cost manager or cost estimator.

Post Contract and Cost Estimation within a Project

James Sneath, Associate Director of Cost Management for Turner and Townsend Construction, discusses post contract and cost estimation with a construction project. Also covered in this module are cost reporting, change orders and communication and meetings.

Construction Cost Control Methods

Professor Odeh introduces construction cost control and the work segments contained in a project.

Earned Value Method (EVM)

In this module, Professor Odeh goes deeper into the Earned Value Method of Cost Control.

Close Out Period

Ian Taylor, Project Manager at Turner and Townsend, Inc., introduces cost management close out and punch-list review.

Cost Estimation in Practice

James Sneath, Associate Director of Cost Management at Turner and Townsend, Inc., talks about cost estimation in general practice. The unit starts with tips in cost estimating and cost management and ends with a discussion of the international roles of cost managers.

Project Cash Flow

Ben Miller, Project Manager at Gilbane Building Company, discusses contracts and cash flows. Revenues, expenses and how they impact projects as a whole will be covered.

Technology Trends in Cost Estimating and Cost Control

Kevin Labrecque, Senior Vice President at Harper Limbach LLC discusses technology trends in cost estimating and cost control. Topics include 5D Estimating Systems (BIM), estimating software, technology workflows, and implementation.

Program Cost Estimating

Christopher Toomey, Senior Vice President at AECOM Global Programs, discusses cost control for large programs.

Lean in Cost Control

Sam Spata, Owner of Method Lean, presents this module on Lean In Cost Control.

Good to know

Know what's good

, what to watch for

, and possible dealbreakers

Designed for cost estimators, managers, and other construction professionals with some background in construction principles

Features excellent video lectures by experienced industry professionals

Highly relevant for professionals looking to enhance their cost estimation skills

Taught by Ibrahim Odeh, a recognized expert in construction cost estimation with industry experience

Focuses on practical application, providing students with real-world scenarios and case studies

Reviews summary

Valuable learning for construction management

Learners say this is a helpful course for those in construction management seeking to expand their knowledge. It has great content that is easy to understand.

Both reviews are very positive.

"its a very good for construction management learner student"

Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in Construction Cost Estimating and Cost Control with these activities:

Review 'Construction Cost Estimating' by Johnson

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Reviewing 'Construction Cost Estimating' will prepare the learners to better understand the types of cost estimates in a construction project and the tools and methods used to create estimates.

View Life Cycle Costing for Engineers on Amazon

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Summarize the key points of each chapter
Complete the practice exercises at the end of each chapter
Create a mind map of the concepts covered in the book

Form a study group with other learners in the online course

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Forming a study group with other learners provides opportunities for collaboration, sharing knowledge, and discussing the course material.

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Reach out to other learners in the online course
Schedule regular meetings or study sessions
Discuss the course material
Work together on assignments or projects

Review and organize notes, assignments, quizzes, and exams

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Reviewing and organizing course materials will help consolidate the information learned in the online course.

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Gather all relevant course materials
Review the materials and identify key concepts
Organize the materials into a logical structure
Create summaries or mind maps of the key concepts

Five other activities

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Identify and reach out to potential mentors in the field of construction cost estimating or cost control

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Finding and connecting with mentors will provide valuable insights and guidance from experienced professionals in the field.

Browse courses on Cost Estimating

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Research and identify potential mentors
Reach out to the potential mentors and introduce yourself
Schedule a meeting or call to discuss your goals and interests
Establish a mentorship relationship

Attend a workshop on construction cost estimating or cost control

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Attending a workshop will help apply the theory learned in the online course to real-world situations.

Browse courses on Cost Estimating

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Research and identify relevant workshops
Register for a workshop
Attend the workshop and actively participate
Take notes and ask questions
Follow up with the workshop organizers or speakers after the event

Estimate construction costs using a real-world project

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Estimating construction costs using a real-world project enhances the understanding of the types of cost estimates and the tools and methods used to create estimates.

Browse courses on Cost Estimating

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Identify a real-world construction project
Gather the necessary data about the project
Use the data to estimate the construction costs
Compare the estimated costs to the actual costs

Develop a budget and cost control plan for a small construction project

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Developing a budget and cost control plan for a project allows you to apply the knowledge gained in the online course to a practical situation.

Browse courses on Cost Estimating

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Identify a small construction project
Develop a scope of work for the project
Estimate the cost of the project
Develop a budget for the project
Develop a cost control plan for the project

Develop a cost control plan for a construction project

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Creating a cost control plan enhances the understanding of the importance of controlling costs in a construction project.

Browse courses on Cost Control

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Identify the scope of the project
Establish a budget for the project
Develop a plan to track and monitor costs
Identify potential risks to the budget
Develop a plan to mitigate the risks

Career center

Learners who complete Construction Cost Estimating and Cost Control will develop knowledge and skills that may be useful to these careers:

Cost Estimator

Cost estimators determine the cost of construction projects. They work with architects, engineers, and contractors to gather information about the project and then create a detailed estimate of the cost of the project. Cost estimators need to have a strong understanding of construction cost estimating and cost control principles. The Construction Cost Estimating and Cost Control course can help you develop the skills you need to be a successful cost estimator.

See salaries and explore the career path for Cost Estimator

Quantity Surveyor

Quantity surveyors measure the quantities of materials and labor required to complete a construction project. They then use this information to create a detailed estimate of the cost of the project. Quantity surveyors need to have a strong understanding of construction cost estimating and cost control principles. The Construction Cost Estimating and Cost Control course can help you develop the skills you need to be a successful quantity surveyor.

See salaries and explore the career path for Quantity Surveyor

Construction Manager

Construction managers oversee the construction process from start to finish. They work with architects, engineers, and contractors to ensure that the project is completed on time, within budget, and to the required standards. Construction managers need to have a strong understanding of construction cost estimating and cost control in order to make informed decisions about the project. The Construction Cost Estimating and Cost Control course can help you develop the skills you need to be a successful construction manager.

See salaries and explore the career path for Construction Manager

Project Manager

Project managers oversee all aspects of a construction project, from planning and design to construction and completion. They work with architects, engineers, contractors, and other stakeholders to ensure that the project is completed on time, within budget, and to the required standards. Project managers need to have a strong understanding of construction cost estimating and cost control in order to make informed decisions about the project. The Construction Cost Estimating and Cost Control course can help you develop the skills you need to be a successful project manager.

See salaries and explore the career path for Project Manager

Architect

Architects design buildings and other structures. They work with clients to determine their needs and desires, and then create plans and drawings that meet those needs. Architects also oversee the construction process to ensure that the building is built according to their plans. The Construction Cost Estimating and Cost Control course can help prepare you for this career by providing you with the skills you need to estimate the cost of construction projects and to control costs during the construction process.

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Structural Engineer

Structural engineers design and analyze the structural elements of buildings and other structures. They work with architects and other engineers to ensure that the structure is safe and stable. Structural engineers need to have a strong understanding of construction cost estimating and cost control in order to make informed decisions about the design of the structure. The Construction Cost Estimating and Cost Control course can help you develop the skills you need to be a successful structural engineer.

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Civil Engineer

Civil engineers design and build infrastructure projects, such as roads, bridges, and water treatment plants. They also work with architects and other engineers to design and build buildings. Civil engineers need to have a strong understanding of construction cost estimating and cost control in order to ensure that their projects are completed on time and within budget. The Construction Cost Estimating and Cost Control course can help you develop the skills you need to succeed in this career.

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Construction Consultant

Construction consultants provide advice and guidance to clients on all aspects of construction projects. They work with clients to develop project plans, select contractors, and manage the construction process. Construction consultants need to have a strong understanding of construction cost estimating and cost control in order to provide sound advice to their clients. The Construction Cost Estimating and Cost Control course can help you develop the skills you need to be a successful construction consultant.

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Real Estate Developer

Real estate developers acquire land and develop it for residential, commercial, or industrial use. They work with architects, engineers, and contractors to design and build projects. Real estate developers need to have a strong understanding of construction cost estimating and cost control in order to make informed decisions about their projects. The Construction Cost Estimating and Cost Control course can help you develop the skills you need to be a successful real estate developer.

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Building Inspector

Building inspectors ensure that buildings comply with building codes and other regulations. They inspect buildings during construction and after completion to ensure that they are safe and habitable. Building inspectors need to have a strong understanding of construction cost estimating and cost control in order to make informed decisions about the safety of buildings. The Construction Cost Estimating and Cost Control course can help you develop the skills you need to be a successful building inspector.

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Property Manager

Property managers oversee the operation and maintenance of residential and commercial properties. They work with property owners and tenants to ensure that the property is safe, efficient, and well-maintained. Property managers need to have a strong understanding of construction cost estimating and cost control in order to make informed decisions about the operation and maintenance of the property. The Construction Cost Estimating and Cost Control course can help you develop the skills you need to be a successful property manager.

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Facility Manager

Facility managers oversee the operation and maintenance of buildings and other facilities. They work with building owners and occupants to ensure that the facility is safe, efficient, and well-maintained. Facility managers need to have a strong understanding of construction cost estimating and cost control in order to make informed decisions about the operation and maintenance of the facility. The Construction Cost Estimating and Cost Control course can help you develop the skills you need to be a successful facility manager.

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Real Estate Appraiser

Real estate appraisers determine the value of real property. They work with buyers, sellers, and lenders to provide an estimate of the value of a property. Real estate appraisers need to have a strong understanding of construction cost estimating and cost control in order to make informed decisions about the value of a property.

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Construction Lender

Construction lenders provide loans to finance construction projects. They work with borrowers to assess the risk of the project and to determine the terms of the loan. Construction lenders need to have a strong understanding of construction cost estimating and cost control in order to make informed decisions about the risk of the project.

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Insurance Underwriter

Insurance underwriters assess the risk of insurance policies and determine the premiums that policyholders must pay. They work with insurance companies to develop and implement underwriting policies. Insurance underwriters need to have a strong understanding of construction cost estimating and cost control in order to assess the risk of construction projects.

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