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Lifecycle Cost Management

Learn to implement cost management processes throughout the project lifecycle in a more efficient and effective way

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Course Duration:
6 months
Venue:
Online
CPD:
60 hours CPD
From
£495 + VAT

Overview

This course focuses on strategic thinking and analysis that build on your existing cost management skills to optimise time and budget management.

Are you looking to provide in-depth, detailed cost-control management throughout the lifecycle of project? Working through a series of case studies that review large-scale and high-profile construction projects, you will learn to implement strategic thinking and analysis to your existing cost management and estimating skills.

Modules in this course will take you through key challenges faced at various stages of a project, from procurement through to financial evaluation and preparation of final accounts.

Demonstrating these skills will allow you to expand the types of projects you can work on, providing your employer with increased capacity for new work.

Modules

  1. Strategic Procurement and Advisory
  2. Risk Management and Planning
  3. Supply Chain and Value Management
  4. Post contract cost control procedures – commercial management
  5. Partnering and joint venture in practice
  6. Professional ethics and challenges in construction

Who should attend

  • Quantity surveyor or cost estimator with an understanding of fundamental skills required for cost management
  • Project manager and commercial manager responsible for cost management

Learning outcomes

  • Compare available routes such as traditional, design and build, management forms, terms and serial contracting and other types
  • Develop and analyse procurement and tender reports
  • Identify who owns the risk in relation to the chosen procurement route
  • Establish the effects of risk on programme and management costs
  • Advise on the appropriate procurement route in relation to the client’s attitude to risk
  • Compare construction projects at the strategic briefing and project briefing stages
  • Evaluate value engineering processes, cost reports with reference to cost, time, quality and buildability, including qualifications and exclusions
  • Assess and evaluate market factors and trends in construction cost
  • Analyse the accuracy of predicted cost using benchmarking techniques and interrogate historical data.
  • Establish a net to gross cost, undertake financial reporting and prepare final accounts
  • Identify and appraise issues around claims, loss and expense, insolvency and bankruptcy
  • Evaluate different parenting and joint venture models and collaborative working arrangements
  • Analyse ethical dilemmas in business and the law
  • Compare working as a surveyor in the international environment

Price

  • RICS Professionals £495 + VAT
  • Non-RICS Professionals £595 + VAT
  • Visa

  • Mastercard

From
£495 + VAT