This course 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. Learners will work on a break-even analysis of construction tasks in a project. The course begins with Professor Odeh providing an overview of what will be covered. Next, learners explore the stages of design in a construction project. Professor Odeh then describes the types of cost estimates in a construction project, and the tools and methods used to create estimates.
This course is part of the Construction Management Specialization
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About this Course
There is no prior knowledge that is needed; however, basic knowledge of materials, labor productivity and excel would be beneficial.
Could your company benefit from training employees on in-demand skills?
Try Coursera for BusinessWhat you will learn
The fundamentals of cost estimation and the design phase to perform cost estimation
How to conduct the close out period of the project by exploring the punch lists, final approval, and turnover to the client
The cost control methods emphasizing the Earned Value Method
Skills you will gain
- Cash Flow
- Cost
- Cost Control
- Cost Estimate
There is no prior knowledge that is needed; however, basic knowledge of materials, labor productivity and excel would be beneficial.
Could your company benefit from training employees on in-demand skills?
Try Coursera for BusinessOffered by
Syllabus - What you will learn from this course
Construction Cost Estimating and Cost Control Overview
Understanding Design in the Construction Industry
Introduction to the Types of Cost Estimates
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)
Close Out Period
Cost Estimation in Practice
Project Cash Flow
Technology Trends in Cost Estimating and Cost Control
Reviews
- 5 stars75.40%
- 4 stars19.84%
- 3 stars3.24%
- 2 stars0.78%
- 1 star0.72%
TOP REVIEWS FROM CONSTRUCTION COST ESTIMATING AND COST CONTROL
One of the important course in specializations. Many useful tools can be found in this course which are used in construction industry and project management.
I thoroughly enjoyed the detailed explanations provided by Professor Odeh and the professionals from Turner & Townsend. My most favourite part was the lectures of Sam Spata and Ben Miller.
Overall good course with attention to detail and industry focused. Interesting approach to the world of estimating and control giving a different way of thinking.
Plenty of useful tools and techniques are taught in this course. This is one of the most useful of the specialisation for construction management
About the Construction Management Specialization

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