This unit provides an understanding of cost planning and cost control procedures in the building and construction industry including: Cost effectiveness and cost control of construction projects; Cost management, cost monitoring, control systems, cost reporting and forecasting, variation control, cash flow co-ordination, work packaging, scoping, projections, and budgets throughout the design and construction phases of a project; Principles of construction cost control systems; budget maintenance; analysis of performance; cost reports; contract cost administration; Cost Planning: Objectives and parameters, Data gathering, data analysis, analysis of design, project implementation plans, procurement plans, financial analysis, scope audits. It will also provide you with an introduction to the project value management process and the establishment of client cost targets, time targets, risk allocation, cost breakdowns, end cost, and project alternatives for construction projects.

Every unit is reviewed for enhancement each year. At the most recent review, the following staff and student feedback items were identified and recommendations were made.

Feedback from Student Unit Teaching Evaluation (SUTE)

The lecturer led the way for better conceptual understanding during the classes.

The same strategy is recommended to be adopted for next and future deliveries. Furthermore, learning and assessment materials will be designed giving more focus on cost planning applications in the context of construction management.

Feedback from Student Unit Teaching Evaluation (SUTE)

The unit was very well run and was easy to digest the learning materials.

The same strategy is recommended to be adopted for next and future deliveries. Furthermore, learning and assessment materials will be designed giving more focus on cost planning applications in the context of construction management.