Overview Cost estimation is a critical aspect of construction project management. It involves predicting the financial resources required...

Module 4: Construction Project Planning

Module 3: Cost Management Principles and Practices

Module 2: The Construction Project Lifecycle

Module 1: Introduction to Construction Cost Management

How do you ensure the accuracy of cost estimates in construction?

Explain the process of bid analysis and its role in cost management.

What is earned value management (EVM), and how is it used in construction projects?

How do you track project expenses against the budget?

What are the common cost overruns in construction projects, and how can they be managed?

Describe the process of cost-benefit analysis in construction.

What is cost control, and how is it implemented in construction projects?

How do you perform cost estimation for a construction project?

Preparing a construction budget is like laying the foundation for a successful project—it sets the stage for everything that follows....

Construction cost management is all about making sure your project stays within budget while still achieving the desired quality and...