An Interactive 5-Day Training Course
Construction Cost Analysis and Management
Principles and Practices of Managing Costs in Construction Projects
Course Overview
This Construction Cost Analysis and Management training course delve into the essential principles and practices of managing costs in construction projects. In this training course, participants will explore the fundamental concepts of cost analysis, budgeting, and control techniques specific to the construction industry.
Through a blend of theoretical study and real-world case studies, participants will gain a comprehensive understanding of how to effectively estimate, monitor, and manage costs throughout the project lifecycle. Whether you're a seasoned construction professional or new to the field, this course equips you with the knowledge and skills necessary to navigate the complexities of construction cost management and drive project success.
This GLOMACS Construction Cost Analysis and Management training course will highlight:
- Principles of construction cost analysis
- Techniques for estimating project costs
- Strategies for budgeting and controlling construction expenditures
- Real-world case studies illustrating cost management practices
- Tools and software applications for effective cost analysis in construction projects
Training Objectives
At the end of this Construction Cost Analysis and Management training course, you will learn to:
- Apply various methods for accurately estimating construction project costs.
- Analyse cost data to identify potential cost-saving opportunities and mitigate financial risks.
- Develop comprehensive budgets and cost management plans for construction projects.
- Utilise industry-standard software and tools to conduct cost analysis effectively
- Implement strategies to monitor and control project expenditures throughout the construction lifecycle.
Who should Attend?
This GLOMACS Construction Cost Analysis and Management training course is suitable to a wide range of professionals but will greatly benefit:
- Construction project managers are seeking to enhance their cost analysis and management skills.
- Construction cost estimators aim to improve their estimating techniques and understanding of project finances.
- Construction professionals are involved in budgeting, procurement, and financial decision-making.
- Students and graduates pursuing careers in construction management, quantity surveying, or related fields.
- Contractors, subcontractors, and construction company owners are interested in optimising project profitability through effective cost management.
About Saudi Glomacs
At Saudi GLOMACS, we specialize in delivering world-class training courses in Saudi Arabia and across various international locations. Our training courses are tailored to meet the unique demands of Saudi Vision 2030 and the Human Capability Development Program, focusing on empowering Saudi citizens and enhancing workforce skills. We offer diverse courses spanning leadership, management, engineering, and technical disciplines to cultivate expertise and drive professional growth. Our flexible learning options—whether in-person, online, or in-house—ensure accessibility and convenience for individuals and organizations alike.
With over 30+ years of experience through the GLOMACS global network, we are committed to delivering innovative, results-driven training solutions. Our expert instructors combine industry knowledge with dynamic teaching methods, fostering practical skill development and long-term career success. By choosing Saudi GLOMACS, you're investing in personal excellence and contributing to the Kingdom’s sustainable economic growth and vision-driven transformation.
Training Outline
DAY 1: Introduction to Construction Cost Analysis and Management
- Overview of Construction Industry Trends
- Importance of Cost Analysis in Construction Projects
- Key Concepts in Cost Management
- Cost Breakdown Structures
- Cost Estimation Methods
- Challenges in Construction Cost Management
DAY 2: Cost Estimation Techniques
- Estimating Labour Costs
- Material Pricing and Procurement
- Equipment Costs and Rentals
- Estimation Software Tools Overview
- Quantity Take-off and Cost Estimation
- Peer Review and Feedback Session
DAY 3: Budgeting and Financial Planning
- Developing Project Budgets
- Cash Flow Management Strategies
- Financial Risk Assessment
- Funding and Financing Options
- Budget Allocation Techniques
- Budgeting for Large-Scale Construction Projects
- Creating Project Budgets
DAY 4: Procurement and Contract Management
- Introduction to Construction Procurement
- Types of Contracts in Construction
- Bid Evaluation and Contractor Selection
- Negotiating Contract Terms
- Contract Administration Best Practices
- Successful Contract Management Strategies
- Contract Negotiation Scenarios
DAY 5: Cost Control and Performance Monitoring
- Principles of Cost Control
- Variance Analysis Techniques
- Value Engineering Principles
- Change Order Management
- Performance Metrics and KPIs
- Monitoring Project Progress
Certificates
- On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates
- Continuing Professional Education credits (CPE) : In accordance with the standards of the National Registry of CPE Sponsor, one CPE credit is granted per 50 minutes of attendance
Accreditation
GLOMACS is registered with NASBA as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. NASBA have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.
All Training Seminars delivered by GLOMACS by default are eligible for CPE Credit.
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