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Construction Cost Management

What Will Learn?

  • Course Aims
    This course aims to provide students with the opportunity to develop an understanding of project cost management, Analyze and estimate project cost & unit price of construction work items, Assess alternatives using life cycle cost method, Use cost control tools to control project budget. Prepare a priced bill of quantities and evaluate bids & Effectively manage tasks, time, Cost, and resources
  • Course Goals
  • Industry, Innovation and Infrastructure

Requirements

CES372

Description

  • English Description

    Introduction to cost management, Fundamentals of estimating and Project Budgets, Project cost estimate (types of estimates and estimating methods), Price analysis (materials, labor, equipment, contingency, overhead & markup), Least cost scheduling, Project cost control, Project cost analysis and cash flow, Project life-cycle cost (Analysis of project profitability), Calculations of Percentage Complete, Accounting for the construction industry and Depreciation, Basic accounting terminology accounting cycle and process, Financial statements, Balance sheet, Income statement & Financial ratios. Introduction to Internal Control and Cash, Acquisition, and Disposition of Property, Plant and Equipment, Intangible Assets, Current Liabilities, Cash Flow Statement, and Financial Statement Analysis.
  • Arabic Description

    Introduction to cost management, Fundamentals of estimating and Project Budgets, Project cost estimate (types of estimates and estimating methods), Price analysis (materials, labor, equipment, contingency, overhead & markup), Least cost scheduling, Project cost control, Project cost analysis and cash flow, Project life-cycle cost (Analysis of project profitability), Calculations of Percentage Complete, Accounting for the construction industry and Depreciation, Basic accounting terminology accounting cycle and process, Financial statements, Balance sheet, Income statement & Financial ratios. Introduction to Internal Control and Cash, Acquisition, and Disposition of Property, Plant and Equipment, Intangible Assets, Current Liabilities, Cash Flow Statement, and Financial Statement Analysis.
  • Department
    Structural Engineering
  • Credit Hours
    3
  • Grades
    Total ( 100 ) = Midterm (25) + tr.Major Assessment (30 = tr.Industry 0% , tr.Project 15% , tr.Self_learning 0% , tr.Seminar 20% ) + tr.Minor Assessment (5) + Exam Grade (40)
  • Hours
    Lecture Hours: 2, Tutorial Hours: 2, Lab Hours: 0
  • Required SWL
    125
  • Equivalent ECTS
    5
  • • Project Management Institute,2004. Project Management Body of Knowledge. 3rd edition
  • • Chris Hendrickson, 2008. Project Management for Construction, Prentice Hall
  • • Nail M, Fraser and Elizabeth M. Jewkes, 2013. Engineering Management Principles and Economics
  • • Saleh A. Mubarak, 2015, "Construction Project Scheduling and Control" 3rd edition, Published by John Wiley & Sons, Inc - Project Management Institute,2004. Project Management Body of Knowledge. 3rd edition.