702-361 Construction Cost Planning

Formerly available as 702-361 Cost Management 3 and 702-361 Construction Cost Planning and Control. Students who have completed 702-361 are not eligible to enrol in this subject.

702-216 Introduction to Cost Management

The subject continues examination of financial management of the construction process and practice of the professional quantity surveyor. The subject will concentrate on preparing cost plans, construction price forecasting, and construction cost control techniques.

On completion of the subject students should be able to:

• Know how to apply standard cost planning techniques to simple buildings.

• Understand the role of cost planning and analysis as a means of managing the design process.

• Understand the process of construction forecasting.

• Understand when to apply simple modelling processes.

On completion of the subject students should have developed the following skills and capabilities:

• Understanding of construction documentation used in nonresidential construction

• Understanding the construction techniques used in multi-storey buildings.

• Effective participation as a team member.

• Evaluation of alternative construction solutions.

• Understanding of the cost significance of building elements.

Practical exercises and assignments equivalent to 3000 words (40%) and one two-hour examination (60%). Students are required to achieve a mark of at least 40% in the exam in order to pass the subject.