Manage Project Cost
h264, yuv420p, 1280x720 | ENGLISH, aac, 44100 Hz, 2 channels | 2h 00 mn | 540.598 MB
Created by: Exner Education

Provide detailed theories and practices unique to cost management in building and construction What you'll learn

Determine resource requirements for individual tasks identified in the work breakdown structure, with input from stakeholders and guidance from others
Estimate project costs to enable project budget to be prepared within agreed tolerances
Develop a project budget
Develop a cost-management plan, within delegated authority, to ensure clarity of understanding and ongoing management of project finances
Implement agreed financial-management processes and procedures to monitor actual expenditure against budget
Select and use cost-analysis methods and tools to identify cost variations and evaluate alternative actions
Implement and monitor agreed actions to maintain financial objectives
Provide accurate and timely financial reports
Conduct appropriate activities to signify financial completion
Review project outcomes using available records to determine the effectiveness of project cost management
Review cost-management issues and document improvements

Requirements

Basic knowledge of construction project
Basic understanding of project costs