Unit 6: Understanding and Managing Project Costs (5th Edition-October 2009)

This course covers understanding the pre-construction process and how project estimates are compiled, how to compare actual project costs with those estimated, and how to control costs to meet the estimate.

Unit 6 explores:

Introduction to understanding and managing project costs
Construction estimates
Who controls project costs
Reporting and analyzing actual costs
Planning for cost control
Cost control strategies
Labor cost variances
Managing risk and loss potentials
Working with project partners
Post-project evaluations