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

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
AL - Engineer (General)
AL - Landscape Architect (General - Approved LA CES-2025)
AR - 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
FL - Fire Protection System Contractor (Class I, II & III) (Business Practice - FP17741)
FL - Fire Protection System Contractor (Class IV) (Business Practice - FP17741)
FL - Fire Protection System Contractor (Class V) (Business Practice - FP17741)
GA - Architect (General - RV2407-2025)
Accreditation: AIA Registered Provider J315
GA - Architect (General - RV2407-2027)
Accreditation: AIA Registered Provider J315
GA - Contractor, Residential and General (General)
GA - Engineer (General)
GA - Landscape Architect (General - Approved LA CES-2025)
IA - Engineer (General)
ID - Engineer (General)
IL - Architect (General - RV2407-2025)
Accreditation: AIA Registered Provider J315
IL - Architect (General - RV2407-2027)
Accreditation: AIA Registered Provider J315
IL - Engineer, Professional (General)
IL - Engineer, Structural (General)
IL - Landscape Architect (General - Approved LA CES-2025)
IN - Architect (General - RV2407-2025)
Accreditation: AIA Registered Provider J315
IN - Architect (General - RV2407-2027)
Accreditation: AIA Registered Provider J315
IN - Engineer (General - Board Approved - CE21800018)
IN - Landscape Architect (General - Approved LA CES-2025)
KS - Architect (General - RV2407-2025)
Accreditation: AIA Registered Provider J315
KS - Architect (General - RV2407-2027)
Accreditation: AIA Registered Provider J315
KS - Engineer (General)
KS - Landscape Architect (General - Approved LA CES-2025)
KY - Engineer (General)
LA - Engineer (General)
LA - Landscape Architect (General - Approved LA CES-2025)
MD - Engineer (General)
MD - Landscape Architect (General - Approved LA CES-2025)
ME - Engineer (General)
MI - Contractor, Residential Builder and M & A (General)
MI - Engineer (General)
MI - Landscape Architect (General - Approved LA CES-2025)
MN - Engineer (General)
MO - Architect (General - RV2407-2025)
Accreditation: AIA Registered Provider J315
MO - Architect (General - RV2407-2027)
Accreditation: AIA Registered Provider J315
MO - Engineer (General)
MO - Landscape Architect (General - Approved LA CES-2025)
MS - Engineer (General)
MT - Engineer (General)
NC - Engineer (General)
ND - Engineer (General)
NE - Architect (General)
Accreditation: Vector Solutions is authorized by IACET to offer 0.2 CEUs for this program.
NE - Architect (General - RV2407-2025)
Accreditation: AIA Registered Provider J315
NE - Architect (General - RV2407-2027)
Accreditation: AIA Registered Provider J315
NE - Landscape Architect (General - Approved LA CES-2025)
NH - Engineer (General)
NJ - Architect (General - RV2407-2025)
Accreditation: AIA Registered Provider J315
NJ - Architect (General - RV2407-2027)
Accreditation: AIA Registered Provider J315
NJ - Engineer (General - 24GP000006300)
NM - Engineer (General)
NM - Landscape Architect (General - Approved LA CES-2025)
NV - Engineer (General)
NY - Architect (General - RV2407-2025)
Accreditation: AIA Registered Provider J315
NY - Architect (General - RV2407-2027)
Accreditation: AIA Registered Provider J315
NY - Land Surveyor (General)
NY - Landscape Architect (General - Approved LA CES-2025)
OH - Engineer (General)
OH - Landscape Architect (General - Approved LA CES-2025)
OK - Engineer (General)
OR - Contractor, Commercial (General)
OR - Contractor, Residential (General - SRA2596)
Accreditation: Provider ID: 2014RCE0077; Vector Solutions is responsible for the content of this course.
OR - Engineer (General)
OR - Landscape Architect (General - Approved LA CES-2025)
PA - Landscape Architect (General - Approved LA CES-2025)
PR - Engineer (General)
SC - Engineer (General)
SD - Architect (General - RV2407-2025)
Accreditation: AIA Registered Provider J315
SD - Architect (General - RV2407-2027)
Accreditation: AIA Registered Provider J315
SD - Engineer (General)
SD - Landscape Architect (General - Approved LA CES-2025)
TN - Architect (General - RV2407-2025)
Accreditation: AIA Registered Provider J315
TN - Architect (General - RV2407-2027)
Accreditation: AIA Registered Provider J315
TN - Engineer (General)
TN - Landscape Architect (General - Approved LA CES-2025)
TX - Engineer (General)
UT - Engineer (General)
VA - Architect (General - RV2407-2025)
Accreditation: AIA Registered Provider J315
VA - Architect (General - RV2407-2027)
Accreditation: AIA Registered Provider J315
VA - Engineer (General)
VA - Landscape Architect (General - Approved LA CES-2025)
VT - Engineer (General)
WA - Architect (General - RV2407-2025)
Accreditation: AIA Registered Provider J315
WA - Architect (General - RV2407-2027)
Accreditation: AIA Registered Provider J315
WA - Landscape Architect (General - Approved LA CES-2025)
WI - Architect (General - RV2407-2025)
Accreditation: AIA Registered Provider J315
WI - Architect (General - RV2407-2027)
Accreditation: AIA Registered Provider J315
WI - Engineer (General)
WV - Engineer (General)
WV - Landscape Architect (General (max 6 hrs online) - Approved LA CES-2025)
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 - RV2407-2025)
Accreditation: AIA Registered Provider J315
American Institute of Architects - AIA - Architects (General - RV2407-2027)
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-2025)
Canada - Alberta Architect (General - RV2407-2025)
Accreditation: AIA Registered Provider J315
Canada - Alberta Architect (General - RV2407-2027)
Accreditation: AIA Registered Provider J315
Canada - Alberta Engineer (General)
Canada - British Columbia Architect (AIBC) (General - RV2407-2025)
Accreditation: AIA Registered Provider J315
Canada - British Columbia Architect (AIBC) (General - RV2407-2027)
Accreditation: AIA Registered Provider J315
Canada - British Columbia Engineer (General)
Canada - Manitoba Architect (General - RV2407-2025)
Accreditation: AIA Registered Provider J315
Canada - Manitoba Architect (General - RV2407-2027)
Accreditation: AIA Registered Provider J315
Canada - Manitoba Engineer (General)
Canada - New Brunswick Architect (General - RV2407-2025)
Accreditation: AIA Registered Provider J315
Canada - New Brunswick Architect (General - RV2407-2027)
Accreditation: AIA Registered Provider J315
Canada - New Brunswick Engineer (General)
Canada - Newfoundland and Labrador Engineer (General)
Canada - Northwest Territories and Nunavut Engineer (General)
Canada - Northwest Territory Architect / Restricted Practitioner (General - RV2407-2025)
Accreditation: AIA Registered Provider J315
Canada - Northwest Territory Architect / Restricted Practitioner (General - RV2407-2027)
Accreditation: AIA Registered Provider J315
Canada - Nova Scotia Architect (General - RV2407-2025)
Accreditation: AIA Registered Provider J315
Canada - Nova Scotia Architect (General - RV2407-2027)
Accreditation: AIA Registered Provider J315
Canada - Nova Scotia Engineer (General)
Canada - Ontario Architect (General - RV2407-2025)
Accreditation: AIA Registered Provider J315
Canada - Ontario Architect (General - RV2407-2027)
Accreditation: AIA Registered Provider J315
Canada - Ontario Engineer (General)
Canada - Prince Edward Island Architect (General - RV2407-2025)
Accreditation: AIA Registered Provider J315
Canada - Prince Edward Island Architect (General - RV2407-2027)
Accreditation: AIA Registered Provider J315
Canada - Prince Edward Island Engineer (General)
Canada - Quebec Architect (General - RV2407-2025)
Accreditation: AIA Registered Provider J315
Canada - Quebec Architect (General - RV2407-2027)
Accreditation: AIA Registered Provider J315
Canada - Quebec Engineer (General)
Canada - Saskatchewan Architect (General - RV2407-2025)
Accreditation: AIA Registered Provider J315
Canada - Saskatchewan Architect (General - RV2407-2027)
Accreditation: AIA Registered Provider J315
Canada - Saskatchewan Engineer (General)
Canada - Yukon Engineer (General)
Construction Management Association of America - CMAA - (CCM, CACM) (General)
International Facility Management Association - IFMA - Certified Facility Manager (CFM) (General)
International Maintenance Institute - IMI - Certifications (CMT, CMP, CMM, CWWMT) (General)
National Institute for Certification in Engineering Technologies - NICET (General)
Project Management Institute (PMI) - Certified Associate in Project Management (CAPM) (Ways of Working - 1510-RV-11403)
Project Management Institute (PMI) - Program Management Professional (PgMP) (Ways of Working - 1510-RV-11403)
Project Management Institute (PMI) - Project Management Professional (PMP) (Ways of Working - 1510-RV-11403)
Soil Science Society of America - SSSA - Certified Professional Soil Scientist (CPSS) (General)