Learning Outcomes

In this free course, you will learn how to:

• Explain the concept of cost management and its significance in construction projects
• Discuss the importance of construction cost management
• Describe the different types of construction costs
• Identify the cost management systems and distinguish between them
• Illustrate the concept of cost leadership and its relevance to organizational strategy
• List and describe the core components of the construction cost plan
• Recall the key critical areas to focus on during the process of controlling and monitoring the construction
• Categorize the tools and techniques used to manage construction costs
• Evaluate the effective execution of the construction cost planning
• Summarize the main challenges of managing construction costs and how to address them
• Create an effective construction cost action plan
• Outline the procedures for controlling the construction cost