AIA's Essentials of Cost Management: Cost Management Methodology (RV-6751)
Project cost overruns can devastate an architectural practice. Applying cost management concepts can help you avoid cost overrun consequences such as losing clients and diminished profits. Cost management is the application of cost estimating, value engineering, and life-cycle costing tools within an overall project management structure. The objective of cost management is to maintain a balance and alignment of scope, user/owner expectations, and budget from the outset and over time.
This 3-hour interactive online course covers cost management methodology, including integrating the cost management process, budgeting and cost planning and managing costs during design. It also touches on implementing construction phase cost management and understanding the impact of delivery methods on cost management. It addresses how to utilize tools effectively as part of the overall cost management approach to help assure that owner demands for more effective cost management are satisfied. This course is part of the series AIA's Architect's Essentials of Cost Management.
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At the conclusion of this course, you will know the answers to the following questions:
•Integrating the cost management process
•Budgeting and cost planning
•Managing costs during design
•Implementing construction phase cost management
•Understanding the impact of delivery methods on cost management
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