At the end of this course, the students; 1) Understand the terminology and processes involved in construction cost planning, budgeting and cost management of construction projects, 2) Understand estimating and cost planning procedures throughout the project life cycle, 3) Apply conventional methods for cost comparisons between construction alternatives.
MODE OF DELIVERY
Face to face
PRE-REQUISITES OF THE COURSE
No
RECOMMENDED OPTIONAL PROGRAMME COMPONENT
None
COURSE DEFINITION
Examination of cost planning and cost management of development projects including budgeting, preliminary estimating, pricing of construction work, elemental cost planning and techniques for managing cost during design development and construction. Costs-in-use, occupancy costs, functional costs analysis, and the nature of costs over time and the use of historical cost data for forward planning.
COURSE CONTENTS
WEEK
TOPICS
1st Week
Introduction
2nd Week
Cost Planning at the Briefing Stage
3rd Week
Cost Planning at the Briefing Stage
4th Week
Cost Planning at the Briefing Stage
5th Week
Cost Planning at the Design Stage
6th Week
Cost Planning at the Design Stage
7th Week
Cost Planning at the Design Stage
8th Week
Midterm Exam
9th Week
Cost Planning at the Design Stage
10th Week
Cost Planning and Control at Production and Operational Stages
11th Week
Cost Planning and Control at Production and Operational Stages
12th Week
Cost Planning and Control at Production and Operational Stages
13th Week
Cost Planning and Control at Production and Operational Stages
14th Week
Cost Planning and Control at Production and Operational Stages
RECOMENDED OR REQUIRED READING
Reference Book: R. Kirkham, Ferry and Brandon's Cost Planning of Buildings, Wiley-Blackwell (2014). Additional Resources: Jaggar, D., Ross, A., Smith, J. and Love, P. (2002), Building Design Cost Management, Blackwell. Robert L. Peurifoy, Garold D Oberlender, Estimating Construction Costs (6th edition), McGraw-Hill Education (2013).
