Construction Cost Planning & Control
|Lecture hours per week||3|
|Lab hours per week|
Successful financial and cost management of construction projects within budget, deadlines, and resource limitations is essential to Construction Management.
Students will learn the basics of cost estimation, cost scheduling, Earned Value Management, and Project Cost Control. The essential principles of the Time Value of money will be enforced such that Project Cash Flows can be developed with real life effects that include Depreciation and Corporate taxes. Practical assignments and a three phase Project will allow the student to demonstrate learned modules as Estimation and Control Techniques, Present and Future value, asset Depreciation, Taxation, and the Analysis of Independent Projects.