Construction Cost Value Management

Construction project managers require two critical competencies that are instrumental in achieving customer satisfaction: construction project cost and economic value management. Accurate cost estimates form the essential foundation upon which all aspects of construction project pricing, budgeting and cost control are built. This course covers the various categories of construction cost estimating techniques and the cost management processes required to ensure that overall cost targets are achieved. Value management complements cost management through value analysis techniques that allow cost reductions to be made without sacrificing project scope. Participants will practise value analysis techniques and applications using practical construction examples. Note: This course is eligible for 42 professional development units (PDUs) with the Project Management Institute (PMI). This course has been accepted for accreditation for seven special industry course (SIC) credits by the Gold Seal Accreditation Board.

 

Note: Check with the institution regarding start/end dates, prices, and delivery method. These may vary according to program, section, and/or semester.