This course is part of the Construction Management Specialization

4.7
stars
1,786 ratings

Ibrahim Odeh, Ph.D., MBA

44,143 already enrolled

Offered By

Construction Management SpecializationColumbia University

About this Course

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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.
By the end of this course, you will be able to:
-Acquire the fundamentals of cost estimation and the design phase to perform cost estimation
-Learn about cost control and cost control methods, emphasizing the Earned Value Method or EVM 
-Understand the close out period of the project by exploring the punch lists, final approval, and turnover to the client

Flexible deadlines

Reset deadlines in accordance to your schedule.

Shareable Certificate

Earn a Certificate upon completion

100% online

Start instantly and learn at your own schedule.

Course 3 of 5 in the

Construction Management Specialization

Beginner Level

There is no prior knowledge that is needed; however, basic knowledge of materials, labor productivity and excel would be beneficial.

Approx. 19 hours to complete

English

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What 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

Flexible deadlines

Reset deadlines in accordance to your schedule.

Shareable Certificate

Earn a Certificate upon completion

100% online

Start instantly and learn at your own schedule.

Course 3 of 5 in the

Construction Management Specialization

Beginner Level

There is no prior knowledge that is needed; however, basic knowledge of materials, labor productivity and excel would be beneficial.

Approx. 19 hours to complete

English

Could your company benefit from training employees on in-demand skills?

Try Coursera for Business

Instructor

Instructor rating

4.59/5 (322 Ratings)

Ibrahim Odeh, Ph.D., MBA

Instructor, Department of Civil Engineering and Engineering Mechanics, Columbia University

Director of Research and Founder, Global Leaders in Construction Management

137,843 Learners

5 Courses

Offered by

Columbia University

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Syllabus - What you will learn from this course

Content Rating87%(5,432 ratings)

Week1

Week 1

1 hour to complete

Construction Cost Estimating and Cost Control Overview

1 hour to complete

1 video (Total 11 min), 2 readings

1 hour to complete

Understanding Design in the Construction Industry

1 hour to complete

1 video (Total 12 min)

1 hour to complete

Introduction to the Types of Cost Estimates

1 hour to complete

3 videos (Total 30 min)

3 hours to complete

Quantity Take-Off and Measurement

James Sneath, Associate Director of Cost Management for Turner and Townsend, and Ian Taylor, Project Manager for Turner and Townsend, discuss Quantity Take Off and Measurement. Estimating cut and fill costs is taught along with a detailed example of using cut and fill software. Also covered in this module is the topic of deep foundations, concrete foundations and structural steel, measurement, masonry, glass curtain wall, facade and wall finishes.

3 hours to complete

14 videos (Total 116 min)

14 videos

Measurement, Masonry, Glass Curtain Wall8mFacade / Wall Finishes / Measurement Overview9mCut and Fill Process and Equipment5mCut and Fill Takeoff5mCut and Fill Software5mIntroduction to Deep Foundations8mConcrete Foundation and Concrete Properties13mConcrete Formwork6mConcrete Takeoff: Parking Lot Example7mConcrete Takeoff: Skyscraper Example9mQuantifying rebar Walkthrough6mHistory of Structural Steel10mSteel Sections in Design9mStructural Steel Takeoff Example9m

1 practice exercise

Quantity Take-Off and Measurement30m

Week2

Week 2

1 hour to complete

Pricing

1 hour to complete

5 videos (Total 58 min)

1 hour to complete

Building the Estimate

1 hour to complete

6 videos (Total 53 min)

1 hour to complete

Procurement

1 hour to complete

2 videos (Total 20 min)

1 hour to complete

Post Contract and Cost Estimation within a Project

1 hour to complete

3 videos (Total 35 min)

Week3

Week 3

1 hour to complete

Construction Cost Control Methods

1 hour to complete

2 videos (Total 20 min)

2 hours to complete

Earned Value Method (EVM)

2 hours to complete

5 videos (Total 57 min)

1 hour to complete

Close Out Period

1 hour to complete

2 videos (Total 19 min)

1 hour to complete

Cost Estimation in Practice

1 hour to complete

3 videos (Total 26 min)

Week4

Week 4

2 hours to complete

Project Cash Flow

2 hours to complete

12 videos (Total 107 min)

1 hour to complete

Technology Trends in Cost Estimating and Cost Control

1 hour to complete

5 videos (Total 65 min)

Reviews

4.7

355 reviews

5 stars
75.40%
4 stars
19.84%
3 stars
3.24%
2 stars
0.78%
1 star
0.72%

TOP REVIEWS FROM CONSTRUCTION COST ESTIMATING AND COST CONTROL

by SPJun 17, 2018

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.

by ASDec 15, 2017

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.

by CBNov 30, 2019

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.

by EHAug 22, 2018

Plenty of useful tools and techniques are taught in this course. This is one of the most useful of the specialisation for construction management

View all reviews

About the Construction Management Specialization

The Construction Management specialization is curated for professionals in the construction and civil engineering industry looking to advance their careers. Through this specialization, students will gain comprehensive industry knowledge along with the latest trends and development within the industry. This 5-course specialization will cover the major facets of construction management including project initiation and planning, scheduling techniques and procedures, cost estimating and control, and construction project financials. After students complete this specialization, they will have gained significant skills and tools to stay relevant and ahead of the curve in the world of construction management.

Frequently Asked Questions

When will I have access to the lectures and assignments?
Access to lectures and assignments depends on your type of enrollment. If you take a course in audit mode, you will be able to see most course materials for free. To access graded assignments and to earn a Certificate, you will need to purchase the Certificate experience, during or after your audit. If you don't see the audit option:
The course may not offer an audit option. You can try a Free Trial instead, or apply for Financial Aid.
The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.
What will I get if I subscribe to this Specialization?
When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.
What is the refund policy?
If you subscribed, you get a 7-day free trial during which you can cancel at no penalty. After that, we don’t give refunds, but you can cancel your subscription at any time. See our full refund policy.
Is financial aid available?
Yes. In select learning programs, you can apply for financial aid or a scholarship if you can’t afford the enrollment fee. If fin aid or scholarship is available for your learning program selection, you’ll find a link to apply on the description page.

More questions? Visit the Learner Help Center.

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Construction Cost Estimating and Cost Control

About this Course

What you will learn

Skills you will gain