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 10
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.
 
GLENN A. SEARS is an active consultant in construction technology and management.
 
RICHARD H. CLOUGH was Dean of the College of Engineering, University of New Mexico.
 
JERALD L. ROUNDS is professor emeritus of Construction Management and Construction Engineering at the University of New Mexico.
 
ROBERT O. SEGNER, JR. is professor of Construction Science in the College of Architecture at Texas A&M University.
State Licenses
AK - Architect (General - AIA Reg RV2407-2022)
Accreditation: AIA Registered Provider J315
AL - Engineer (General)
AL - Landscape Architect (General - Approved LA CES-2021)
AR - Engineer (General)
DC - Engineer (General)
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-2021)
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-2021)
KS - Architect (General - AIA Reg RV2407-2022)
Accreditation: AIA Registered Provider J315
KS - Landscape Architect (General - Approved LA CES-2021)
KY - Engineer (General)
LA - Engineer (General)
LA - Landscape Architect (General - Approved LA CES-2021)
MD - Engineer (General)
MD - Landscape Architect (Category B - Approved LA CES-2021)
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-2021)
MS - Engineer (General)
MT - Engineer (General)
NC - Engineer (General)
ND - Engineer (General)
NE - Landscape Architect (General - Approved LA CES-2021)
NH - Engineer (General)
NH - Landscape Architect (General - Approved LA CES-2021)
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-2021)
NV - Engineer (General)
NY - Architect (General - AIA Reg RV2407-2022)
Accreditation: AIA Registered Provider J315
OH - Engineer (General)
OH - Landscape Architect (General - Approved LA CES-2021)
OK - Engineer (General)
OR - Contractor, Commercial (General)
OR - Engineer (General)
OR - Landscape Architect (General - Approved LA CES-2021)
PA - Landscape Architect (General - Approved LA CES-2021)
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-2021)
TN - Architect (General - AIA Reg RV2407-2022)
Accreditation: AIA Registered Provider J315
TN - Engineer (General)
TN - Landscape Architect (General - Approved LA CES-2021)
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-2021)
VT - Engineer (General)
WA - Architect (General - AIA Reg RV2407-2022)
Accreditation: AIA Registered Provider J315
WA - Landscape Architect (General - Approved LA CES-2021)
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-2021)
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-2021)
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 Territories and Nunavut 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)
Engineers Ireland - IEI - Member (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 (10)
My rating of "5-great" applies to the content
By on Aug, 28, 2019
My rating of "5-great" applies to the content. There were countless stalls in the streaming and buffering of the slides. It caused an enormous delay in completing the course. I've already contacted technical support about this. Constructive feedback only.
Interesting Project Management Class
By (Engineer) on Jun, 17, 2019
Interesting Project Management Class.
Good content
By on Jul, 09, 2019
Good content
Clearly presented material
By (Engineer) on Aug, 12, 2019
Clearly presented material. Good quantitative examples.
Too long
By (Architect, Professional Organization) on Oct, 02, 2019
Too long
Good class
By (Professional Organization) on Aug, 28, 2019
Good class.
Great information but the program kept crashing and I had to restart several time costing more time and interrupting information flow
By (Engineer) on Sep, 29, 2019
Great information but the program kept crashing and I had to restart several time costing more time and interrupting information flow.
long and many details and jargon
By (Engineer) on Oct, 16, 2019
long and many details and jargon.
S Curves are hard to read and follow
By (Engineer, Professional Organization) on Oct, 18, 2019
S Curves are hard to read and follow.
I think this course was very dense for two hours
By on Aug, 06, 2019
I think this course was very dense for two hours. I had issues with the playback.