Construction Project Management: Project Estimating

Overview

Duration: 2 hrs

What you’ll learn

  • Explain how to develop the project estimate
  • List cost models and how they are used by the project manager
  • Recognize ways the project manager uses estimates
  • Identify several types of specialty estimates developed during the execution of the project

Description

If you were given the task of estimating the future expense of a unit of production in a manufacturing facility you could do it with considerable precision. A plant offers standard conditions, close controls, and consistent processes. Construction estimating, on the other hand, lacks standardization, presents challenging site locations and project conditions. Nevertheless, a skilled and experienced estimator, using cost accounting information gathered from similar previous construction projects, can do a reasonable job of predicting construction costs. The character or location of a project can present unique problems, but there are usually some basic principles and precedents that apply. This interactive online course will walk you through the steps involved in estimating construction projects starting with an overview of cost?estimating procedures and how the final project budget is reached. Then, you’ll learn how to develop monthly progress estimates and change order estimates. Finally, you?ll become familiar with details about specific estimates that you’ll typically prepare.Posted by arrangement with John Wiley & Sons, Inc. Copyright 2015 All rights reserved.

Created By:  Vector Solutions