RedVector RV-11403

Construction Project Management: Project Cost System

Construction Project Management: Project Cost System

2 hrs. Online Course

Level: Intermediate

Item#: RV-11403

SME: S. Sears

Average Rating

4 17
Did you know that managing cost for a construction project is equally important as managing time? It allows you to make decisions that will enable you to maximize resources. This interactive online course covers the various elements of the project cost cycle, starting with the estimate and moving through the project to collection of actual unit costs to be incorporated into the company cost database for use in starting the cycle again for a future project. We will also review the relationship between time and money. Although the details of a specific cost-control system vary substantially from one construction firm to another, the ensuing treatment can be regarded as being reasonably typical of current practice within the construction industry.
Course Objectives
By the end of this course, you will be able to:
  • Describe the project cost cycle, from estimation through collection of actual unit costs
  • Identify how project cost accounting provides the basic data required for both cost control and estimating
  • Explain the critical importance of accurately capturing data from the field for cost control and estimating
  • Explain how cost reports can be used to prevent cost overruns and identify work classifications where expenses are excessive
  • Describe the value of time-cost envelopes and earned value analysis when considering the effects of time and money on a construction project
SUBJECT MATTER EXPERT: S. Sears
S. KEOKI SEARS is a Project Manager and owner of Project Catalyst Corporation, based in Durango, Colorado.
State Licenses
AK - Architect (General - AIA Reg RV2407-2022)
Accreditation: AIA Registered Provider J315
AL - Engineer (General)
AL - Landscape Architect (General - Approved LA CES-2023)
AR - Engineer (General)
Canada - Northwest Territories and Nunavut Engineer (General)
DC - Engineer (General - CE21800018)
DE - Engineer (General)
FL - Contractor, Certified (Business Practice - 0613157)
Accreditation: FL DBPR Approved Provider 0001771
FL - Contractor, Palm Beach County (Business Practice - 0613157)
Accreditation: FL DBPR Approved Provider 0001771
FL - Contractor, Pinellas County (Business Practice - 0613157)
Accreditation: FL DBPR Approved Provider 0001771
FL - Contractor, Registered (Business Practice - 0613157)
Accreditation: FL DBPR Approved Provider 0001771
GA - Architect (General - AIA Reg RV2407-2022)
Accreditation: AIA Registered Provider J315
GA - Contractor, Residential and General (General)
GA - Engineer (General)
GA - Landscape Architect (General - Approved LA CES-2023)
IA - Engineer (General)
ID - Architect (General - AIA Reg RV2407-2022)
Accreditation: AIA Registered Provider J315
ID - Engineer (General)
IL - Architect (General - AIA Reg RV2407-2022)
Accreditation: AIA Registered Provider J315
IL - Engineer, Professional (General)
IL - Engineer, Structural (General)
IN - Architect (General - AIA Reg RV2407-2022)
Accreditation: AIA Registered Provider J315
IN - Engineer (General - Board Approved - CE21800018)
IN - Landscape Architect (General - Approved LA CES-2023)
KS - Architect (General - AIA Reg RV2407-2022)
Accreditation: AIA Registered Provider J315
KS - Landscape Architect (General - Approved LA CES-2023)
KY - Engineer (General)
LA - Engineer (General)
LA - Landscape Architect (General - Approved LA CES-2023)
MD - Engineer (General)
MD - Landscape Architect (Category B - Approved LA CES-2023)
ME - Engineer (General)
MI - Contractor, Residential Builder and M & A (General)
MI - Engineer (General)
MN - Engineer (General)
MO - Architect (General - AIA Reg RV2407-2022)
Accreditation: AIA Registered Provider J315
MO - Engineer (General)
MO - Landscape Architect (General - Approved LA CES-2023)
MS - Engineer (General)
MT - Engineer (General)
NC - Engineer (General)
ND - Engineer (General)
NE - Landscape Architect (General - Approved LA CES-2023)
NH - Engineer (General)
NJ - Architect (General - AIA Reg RV2407-2022)
Accreditation: AIA Registered Provider J315
NJ - Engineer (General - 24GP000006300)
NM - Engineer (General)
NM - Landscape Architect (General - Approved LA CES-2023)
NV - Engineer (General)
NY - Architect (General - AIA Reg RV2407-2022)
Accreditation: AIA Registered Provider J315
NY - Landscape Architect (General - Approved LA CES-2023)
OH - Engineer (General)
OH - Landscape Architect (General - Approved LA CES-2023)
OK - Engineer (General)
OR - Contractor, Commercial (General)
OR - Engineer (General)
OR - Landscape Architect (General - Approved LA CES-2023)
PA - Landscape Architect (General - Approved LA CES-2023)
PR - Engineer (General)
RI - Architect (General - AIA Reg RV2407-2022)
Accreditation: AIA Registered Provider J315
SC - Engineer (General)
SD - Architect (General - AIA Reg RV2407-2022)
Accreditation: AIA Registered Provider J315
SD - Engineer (General)
SD - Landscape Architect (General - Approved LA CES-2023)
TN - Architect (General - AIA Reg RV2407-2022)
Accreditation: AIA Registered Provider J315
TN - Engineer (General)
TN - Landscape Architect (General - Approved LA CES-2023)
TX - Engineer (General)
UT - Engineer (General)
VA - Architect (General - AIA Reg RV2407-2022)
Accreditation: AIA Registered Provider J315
VA - Engineer (General)
VA - Landscape Architect (General - Approved LA CES-2023)
VT - Engineer (General)
WA - Architect (General - AIA Reg RV2407-2022)
Accreditation: AIA Registered Provider J315
WA - Landscape Architect (General - Approved LA CES-2023)
WI - Architect (General - AIA Reg RV2407-2022)
Accreditation: AIA Registered Provider J315
WI - Engineer (General)
WV - Engineer (General)
WV - Landscape Architect (General (max 6 hrs online) - Approved LA CES-2023)
WY - Engineer (General)
Professional Organizations
American Academy of Environmental Engineers - AAEES - Member (General)
American Hospital Association - AHA - Certified Healthcare Facility Manager (CHFM) (General)
American Institute of Architects - AIA - Architects (General - AIA Reg RV2407-2022)
Accreditation: AIA Registered Provider J315
American Institute of Constructors - AIC - Professional Constructor (General)
American Society of Civil Engineers - ASCE - Academy of Coastal, Ocean, Port & Navigation Engineers (ACOPNE) (General)
American Society of Civil Engineers - ASCE - Academy of Geo-Professionals (AGP) (General)
American Society of Civil Engineers - ASCE - American Academy of Water Resources Engineer (AAWRE) (General)
American Society of Landscape Architects (LA CES) - ASLA - Member (General - Approved LA CES-2023)
Canada - Alberta Architect (General - AIA Reg RV2407-2022)
Accreditation: AIA Registered Provider J315
Canada - Alberta Engineer (General)
Canada - British Columbia Architect (AIBC) (General - AIA Reg RV2407-2022)
Accreditation: AIA Registered Provider J315
Canada - British Columbia Engineer (General)
Canada - Manitoba Architect (General - AIA Reg RV2407-2022)
Accreditation: AIA Registered Provider J315
Canada - Manitoba Engineer (General)
Canada - New Brunswick Architect (General - AIA Reg RV2407-2022)
Accreditation: AIA Registered Provider J315
Canada - New Brunswick Engineer (General)
Canada - Newfoundland and Labrador Architect (General - AIA Reg RV2407-2022)
Accreditation: AIA Registered Provider J315
Canada - Newfoundland and Labrador Engineer (General)
Canada - Northwest Territory Architect (General - AIA Reg RV2407-2022)
Accreditation: AIA Registered Provider J315
Canada - Nova Scotia Engineer (General)
Canada - Ontario Architect (General - AIA Reg RV2407-2022)
Accreditation: AIA Registered Provider J315
Canada - Ontario Engineer (General)
Canada - Quebec Architect (General - AIA Reg RV2407-2022)
Accreditation: AIA Registered Provider J315
Canada - Quebec Engineer (General)
Canada - Saskatchewan Engineer (General)
Canada - Yukon Engineer (General)
Construction Management Association of America - CCM - Certified Construction Manager (General)
International Facility Management Association - IFMA - Certified Facility Manager (CFM) (General)
National Institute for Certification in Engineering Technologies - NICET (General)
Project Management Institute (PMI) - Project Management Professional (PMP, PgMP, PfMP, PBA) (Technical - 1510-RV-11403)
Course Reviews (17)
The presentation of the subject matter was very well organized and communicated
By on Jun, 07, 2021
The presentation of the subject matter was very well organized and communicated. I really liked the added material that I could download for further study.
great information
By on Nov, 23, 2020
great information
great!
By (Engineer, Land Surveyor) on Mar, 06, 2021
great!
Great information and instruction!
By on May, 11, 2021
Great information and instruction!
Great material that's easy to follow
By (Engineer) on Jun, 30, 2021
Great material that's easy to follow.
fine
By (Engineer) on Sep, 02, 2021
fine
nicely laid out
By (Contractor / Trades) on Aug, 02, 2021
nicely laid out
Detailed
By (Professional Organization) on Jul, 28, 2021
Detailed.
Good video and audio presentation, well done
By (Contractor / Trades) on Jul, 19, 2021
Good video and audio presentation, well done.
course was short and very detailed
By on Jul, 12, 2021
course was short and very detailed
Enjoyed the lesson
By on Oct, 21, 2020
Enjoyed the lesson
Great course for standardizing procedures within our organization
By on Nov, 17, 2020
Great course for standardizing procedures within our organization.
it was interesting and informative
By (Engineer) on Dec, 29, 2020
it was interesting and informative. the website was a little hard to see everything due to how I had to view on my computer.
good course
By (Engineer) on Nov, 27, 2020
good course
Very informative
By (Engineer) on Nov, 12, 2020
Very informative
great
By (Engineer) on Sep, 06, 2021
great
Was decent enough
By (Engineer, Professional Organization) on Sep, 07, 2021
Was decent enough