Lifecycle Cost Management

595.00 GBP

60.0 Hours Formal CPD

Use 119 Coins

Learn to implement cost management processes throughout the project lifecycle in a more efficient and effective way. This course focuses on strategic thinking and analysis that build on your existing cost management skills to optimise time and budget management.

Learning outcomes

  • Compare available routes such as traditional, design and build, management forms, terms and serial contracting and other types
  • Develop and analyse procurement and tender reports
  • Identify who owns the risk in relation to the chosen procurement route
  • Establish the effects of risk on programme and management costs
  • Advise on the appropriate procurement route in relation to the client’s attitude to risk
  • Compare construction projects at the strategic briefing and project briefing stages
  • Evaluate value engineering processes, cost reports with reference to cost, time, quality and buildability, including qualifications and exclusions
  • Assess and evaluate market factors and trends in construction cost
  • Analyse the accuracy of predicted cost using benchmarking techniques and interrogate historical data.
  • Establish a net to gross cost, undertake financial reporting and prepare final accounts
  • Identify and appraise issues around claims, loss and expense, insolvency and bankruptcy
  • Evaluate different parenting and joint venture models and collaborative working arrangements
  • Analyse ethical dilemmas in business and the law
  • Upcoming Dates

    Course information

    Course Summary

    Are you looking to provide in-depth, detailed cost-control management throughout the lifecycle of project? Working through a series of case studies that review large-scale and high-profile construction projects, you will learn to implement strategic thinking and analysis to your existing cost management and estimating skills. Modules in this course will take you through key challenges faced at various stages of a project, from procurement through to financial evaluation and preparation of final accounts.


    Course Content

    This course contains 6 modules:

    Module 1 Strategic Procurement and Advisory

    Module 2 Risk Management and Planning

    Module 3 Supply Chain and Value Management

    Module 4 Post contract cost control procedures – commercial management

    Module 5 Partnering and joint venture in practice

    Module 6 Professional ethics and challenges in construction


    Who should attend

    This course will be suitable for you, if you are:

    -  quantity surveyor or cost estimator with an understanding of fundamental skills required for cost management, or

    -  project manager and commercial manager responsible for cost management


    Additional information

    Enrollment duration: 180 Days

    Languages: English

    Category: Construction

    Price: 595.00 GBP

    Member price: 495.00 GBP

    Course Type: E-Learning