This course aims to develop your knowledge and understanding of the key principles involved in the management of project costs on a construction project.
Who should study this course?
Professionals with some knowledge of costing construction work and the payment processes typically followed such as:
- Trainee/assistant Quantity Surveyors
- Project Managers
An understanding of managing project costs on a construction site is also relevant for:
- Delegates working towards their professional membership
- Professionals seeking to satisfy their annual CPD requirements
The total estimated study time for completing this course is 5 hours.
This estimate includes time for you to read or view a resource more than once, as well as time for you to take notes and undertake the online assessment.
As a fully online, self-managed course you are able stop and restart the course as you progress. Working at a time and place that suits your needs.
At the end of this course you should be able to:
- Discuss the main financial ratios used to ascertain the health of a construction business.
- Explain how contractors set short- and long-term budgets.
- Explain the importance of accurate cash flow forecasting, discuss the common forms of cash flow representation and comment upon the ways in which contractors might improve their cash flow position.
- Explain Cost–Value Reconciliation (or Earned Value Analysis as it is sometimes known).
The self-managed online delivery method will allow you to study at your own pace, wherever you may be.
This course is made up of five elements:
- Overview and guidance notes
- Interactive presentation on managing project costs
- Supplementary reading
- Case study and exercise
- Multiple choice end test
There are no formal entry requirements for this course
On successful completion of the course you will receive a UCEM certificate of completion for 5 hours formal CPD.
You will be tested with an online quiz at the end of this course. You must achieve 80% or more to successfully complete the course. Additional attempts will be permitted should you not be successful on your first attempt.
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Phone: +44 (0)118 921 4601
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