Developing a Project Cost Control Plan for a Residential Project
In this project, the learners will develop a project cost control plan for a residential project worth INR 50 Cr. The learners will prepare the project estimation cost considering …
Civil · Course
Project Cost Control
Get a comprehensive understanding of project cost control.
- Duration
- 12 weeks
- Content
- 18 hours
- Projects
- 2
- Mode
- Online
OverviewWhat you'll
What you'll
be able to do.
- The learners will gain a thorough knowledge of the construction industry and understand the industrial concepts of cost control.
- This course provides clarity on the purpose of monitoring and reporting all the issues and progress to keep the project on schedule and budget.
- During the coursework, the learners will learn about
- Dual roles of client and contractor-side participation
- Quantity calculation, unit price analysis, the tendering process, the billing process, and other details related to cost
- Steps to make a change order claim from a contractor's side and to negate a contractor's additional claim from a client's side
- They will be exposed to the modern trends and standard practices being followed in the industry right now.
Curriculum12 modules,
12 modules,
built with industry.
01Project Cost Control
- Introduction W01
- Definition of Project Cost control
- Relevance (Why is it Required)
- Who can do Cost Control?
- Nature of Cost
- Direct Cost
- Indirect Cost
- General Expense
- Temporary Expense
- Cost Estimation - Part 1 W02
- Cost Estimation
- Importance and Steps in Cost Estimation
- Project Award
- Bill of Quantities (BOQ)
- Quantity Take-offs
- Cost Estimation - Part 2 W03
- Components of Cost Estimation
- Cost Submission Policy
- Cost Submission Format
- Unit Price/Rate Analysis
- Project as Cost Centre
- Introduction to Budget
- Components of Cost Estimation
- Basics of Control - Part 1W04
- Cost Control from Client and Contractor Perspective
- Terminology in Cost Control
- Client Claim (C)
- Cost to the Company (T)
- Budget (B)
- Landed Cost (L)
- Profit (R)
- Profit Direction of a Project
- Work Breakdown Structure
- Determination of Budget
- Basics of Control - Part 2W05
- Determination of Budget
- Budget Explanation with Example
- Paid and Payable
- Variation Order (VO)
- Value Engineering (VE)
- Basics of Control - Part 3W06
- Discrepancy/Variance
- Review Frequency
- Income and Expenditure Statement
- Contingency
- Forecasting of Profit or Loss
- Change Order ManagementW07
- Budget Determination with Example
- Change Order Management
- Definition
- Elements of Change Order
- Change Order Process
- Change Order with Example
- Causes of Change Order
- Risk and MitigationW08
- Risk and Mitigation
- 4T of Risk Mitigation
- Method of Risk Mitigation
- Cost Reduction Effort
- Anticipated Cost Increase
- Basics of Cost Control - Part 4W09
- TBL Abstract
- Making of TBL Abstract
- Cost Saving and Profit
- Benefits of Early Procurement
- Procurement Forecast
- Basics of Cost Control - Part 5W10
- Budget Transfer
- Example of Budget Transfer
- Release of Contingency
- Profit Forecasting (Minimum and Maximum)
- Quantity Control
- Amount Control
- Basics of Cost Control - Part 6W11
- Project Cost - Management Information System
- Example of MIS
- Project Cost Evaluation
- Tender
- Variation Order (VO)/ Value Engineering (VE) - Claims
- Claim Evaluation
- Billing
- Contactor Submission
- Client Evaluation
- Basics of Cost Control -Part 7W12
- Cost Management Case Studies
- Best Practices of Cost Control
- Project Cost Control Review
- Software for Cost Control
- Cost Saving Ideas
- Introduction W01
Industry projects2 projects
2 projects
you'll ship.
Our projects are designed by experts in the industry to reflect industry standards. By working through our projects, Learners will gain a practical understanding of what they will take on at a larger-scale in the industry. In total, there are 2 Projects that are available in this program.
Analyzing the Tender Documents for a Warehouse Construction Project
In this project, the learners will analyze the tender documents received from the construction company for a warehouse construction project. The learners will understand to set the…
Go further
Part of a PG program.
FeeOne fee.
One fee.
Everything included.
Become job ready with our comprehensive industry focused curriculum for freshers & early career professionals
Premium
₹40,000
Inclusive of all charges- 1 Year Access
- Personalized Page
- Live Individual & Group Sessions
- Personalized & Hands-On
- Job-Oriented Industry Relevant Curriculum
FAQQuestions,
Questions,
answered.
Who can take up the Project Cost Control course?
Students and graduates of civil, architecture and related engineering streams can take the Project Cost Control course.
Is Project Cost Control an online program?
Yes, the cost control course is 100% online.
What is the duration of the Project Cost Control course?
This advanced cost management course is 12 weeks long, covering all the basic to advanced level concepts essential for managing a civil project.
What is the fee for pursuing the Project Cost Control course?
The fee for learning Project Cost Control at Skill-Lync is flexible and is available in three plans. The basic plan provides you with two months of access at INR 7,000 per month, the Pro plan provides four months of access at INR 10,000 per month, and the Premium plan provides you lifetime access at INR 15,000 per month.
How much can a construction project manager earn?
According to Ambitionbox, the average annual salary of a construction project manager is 11.8 LPA. However, your pay package varies with your experience and skills.
Is there any certificate for completing the Project Cost Control course?
Yes, you shall be given a course completion certificate after completing the Project Cost Control course. The top 5% of the scorers will receive a merit certificate alongside the course completion certificate.
Is any technical support available for this course?
Yes, you can clear your doubts during coursework from our technical support team through email and forum support.
Can you tell me more about Skill-Lync?
Skill-Lync is among India’s leading EdTech platforms dedicated to transforming engineering education. We equip young engineers with the latest skill sets and cutting-edge tools in new-age technologies.
The brainchild of two engineers from Chennai, Skill-Lync, is on a mission to bridge the skill gap between aspiring professionals and the industry’s demands through job-oriented courses.
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