As a project manager, you will be responsible for managing the construction project lifecycle from start to finish. This means managing the development process from initially working with clients on their requirements, through the design, procurement and construction stages, to the final handover. Competency in this area will enhance your skill set as a construction professional and ability to ensure successful project completion.

Through this course, you will delve into each stage and the critical steps within each.  This includes how to plan, organize and control construction operations, and the undertaking of initial feasibility studies through to design, construction, maintenance, refurbishment and demolition. All content is designed to give you a well-rounded view of construction project management and the essential skills required for managing a construction project.

This course also introduces the types of cost estimation from the conceptual design phase through the more detailed design phase of a construction project. In addition, the course highlights the importance of controlling costs and how to monitor project cash flow.

It also equips you with the ability to prepare and control budgets, and confidently manage costs within your project's commercial framework.

During the training course you will address three broad themes that underpin project cost:

• The project budget - What is the project budget and how does it compare to the final cost.
• Cost estimating - How do we develop an estimate of the cost - and does this differ between client, designer and contractor.
• Risk and value - How are risk and value incorporated into the budget.

Set against a background of estimating in the construction industry you will explore the elements of project cost and how budgets are established. Working from first principles, cost build up and bills of quantities will be developed and tested using case studies. Contractor tender pricing processes and the effects of risk, value and decision making on project costs will be explored. 

Who should attend? 

• Programme Managers and other Senior Personnel responsible for the governance of projects
• Finance Personnel that are interested in expanding their understanding of how project cost data is used to manage the entire life-cycle of projects.
• Project Managers and Project Team Leaders who wish to build upon and consolidate their project management skills.
• Project Planning Engineers and Heads who need to develop their project management skills.
• Senior Project Control and Business Services Professionals who have the responsibility for planning, monitoring and controlling, and reporting on project budget and cost performance.
• Project Management Professionals.
• Graduate civil engineers from designer, contractor and client organizations.
• Construction graduates and assistant project managers.
• Junior site engineers and site managers.
• Project engineers, owners/managers.
• Project controller, planners, scheduler, consultant and specialists.
• Programme executive, controller, and managers.
• Cost controller, engineers and managers.
• Construction managers, administrators.
• Procurement & contract managers, administrators.
• EPC contractors, subcontractors and equipment/material suppliers.
• Quantity surveyors.
• Technical directors.

 How attendees will benefit? 

After completion of the course, delegates will be able to: 

• Understand the needs of, report to and manage your clients and stakeholders.
• Recognise the legal and contractual constraints of a project.
• Recognise the challenges faced and requirements of a Project Manager at all stages of a construction project.
• Apply effective cost control and reporting measures during the construction phase of a project.
• Perform risk management and analysis techniques to a project.
• Construction management preparation, planning, design, engineering, business, and technical practices used in the construction industry.
• Examines the construction project management industry and the profession by looking at the nature of the industry, future trends, and opportunities.
• Sustainable methods and construction materials, building systems, and controls in the construction industry, and the future trends in sustainable construction management.
• Explain the project cost management process and develop project cost management plans.
• Develop a business case and utilize capital budgeting techniques to evaluate long-term investments used in a project.
• Develop accurate estimates and identify different methods for estimating a project’s overall costs.
• Develop a project cost baseline and project budget and explain contingency and management reserves allocated for the project.
• Identify project variance and calculate project performance metrics using earned value analysis.
• Identify different cost-saving strategies for projects and apply continuous improvement concepts on project overall finances.
• How to prepare a project budget and relate the budget to a Bill of Quantities.
• How to prepare feasibility cost estimate.
• How to control costs.
• How to accommodate risk in cost estimating.
• Broad principles and processes of construction cost estimating.
• Elements of price and build-up of cost from first principles.
• The difference between cost, value and waste.
• The financial consequences of construction cost decision making.
• The interaction between project, client and project governance.
• Understand the benefits of good project cost control for successful project outcomes.
• Use best practice to minimise costs and negative impacts.
• Describe a typical project cost management life cycle.
• Explain the action required at each phase of the project cost management life cycle and understand the significance of each phase.
• List the key attributes of cost necessary to understand and manage cost effectively.
• Explain the key steps required to improve project estimates, budget and cost base lining, performance measurement and analysis, cost monitoring and control during project execution and interpreting and reporting project performance throughout a technical project life cycle.
• Specify key quantitative measures for determining the project performance using Earned Value Management (EVM).
• Provide meaningful project progress reports using EVM together with forecasts of likely outcomes and management options to correct where necessary.

• Construction industry overview.
• Basic Project Management definitions.
• Typical project terminology.
• Project phases and life cycles.
• The PMI PMBoK global standard for managing projects.
• The industry and profession in construction management.
• Field operations and administrative tools in construction management.
• Project delivery.
• Project delivery methods and contracts in construction management.
• Lean project delivery.
• Sustainability in the construction industry.
• Environment, Health and Safety of construction processes.
• Building information modelling and technology trends in construction.
• International view of construction projects.
• Role of Construction Manager.
• Project planning.
• Project development.
• The legal perspective.
• The construction process.
• Leading projects, people and teams.
• Managing projects.
• Contract management.
• Construction cost estimation and cost control overview.
• The project cost management processes – estimate costs, determine budget and control costs.
• Understanding project management inputs to estimating cost.
• Estimating personnel, materials and equipment costing including overheads cost aggregation
• Understanding design in the construction industry.
• Introduction to the types of cost estimates.
• Estimating in the construction industry.
• Estimating through the product stages.
• Elements of cost.
• The contractors tender pre-estimate.
• Risk, cost and value.
• Considering the risk management process, risk response planning and risk reserves.
• Estimating risk response costs, and reserve or contingency cost.
• Variation and delays.
• Cost control.
• Continuous improvement - minimising waste.
• Consequences of decisions.
• Quantity take-off and measurement.
• Pricing.
• Building the estimate.
• Procurement.
• Post contract and cost estimation within a project.
• Construction cost control methods.
• Earned Value Method (EVM).
• What is Earned Value Management (EVM)?
• What are the main measures used for EVM?
• Analysing results – variances, performance indices and forecasting.
• Interpreting results and considering options to redress unacceptable variances.
• Forecasting and developing response plans.
• Reporting EVM to senior management and customers.
• Close out period.
• Cost estimation in practice.
• Project Cash Flow.
• Technology trends in cost estimating and cost control.
• Program cost estimating.
• Lean in cost control.
• Estimating cost techniques, including the Work Breakdown Structure, Work Packages, and risk management considerations.
• Creating the Work Breakdown Structure (WBS).
• The S-curves for risk and cost estimates.
• Control accounts and change control.
• Earned Value Management, performance variances and management recovery options.
• Optimising the Schedule.
• Estimating the Overall Project Cost.
• Control accounts and the Control Account Plan (CAP).
• Change control processes and re-base lining the cost performance baseline.
• Understanding project management inputs to controlling costs.
• Identifying and managing hours worked.
• Tracking costs.