Construction Project Management: Project Cost System

By the end of this course you will be able to: Describe the project cost cycle from estimation through collection of actual unit costs Identify how project cost accounting provides the basic data required for both cost control and estimating Explain the critical importance of accurately capturing data from the field for cost control and estimating Explain how cost reports can be used to prevent cost overruns and identify work classifications where expenses are excessive Describe the value of time-cost envelopes and earned value analysis when considering the effects of time and money on a construction project