Cost Control In Construction

Parameters for key performance ( earned value technique ) - cost , classification , comparison reports and analysis

What you'll learn
Dealing with budget
Comparing between budget and actual
Remarking the imoportants points
Preparing the conclusion for the senior managers
Requirements
Some experience about management in site , main information of site engineer
Description
The course is tailored for engineers who are interested to work as cost engineers in construction . it starts to show the importance of measuring performance and the different parameters to reflect such as assets , financial liabilities , annual income , …etc. there is a detailed explanation of the meaning of all expressions used in the field like cost variance , cost performance index , depreciation , accepted percentage of loss , expected cost at completion , forecast  , profit , contingency , risk , within budget , over budget , sunk cost , staff salaries , labor wages , taxes , stamps . and as the focus will be on earned value technique or budget cost for work performed  , the course explains all about cost classifications  direct and indirect , head office expenses , taxes , social insurance , calculations , allocation , distribution  …. etc. . after explaining how to practice evt , the course shows how to prepare comparing reports between budget and actual regarding all the element materials , equipment , subcontractor and labor .the course also gives a sufficient idea about the financial effect of claims and arbitration on the status of the project. finally the course explains some practical examples to show how to deal with any cost elements an what are the benefits you can get from the report to improve the performance and to be able to prevent any further negative variance

Overview

Section 1: introduction

Lecture 1 Introduction

Section 2: lecture 2 : cost management and classification

Lecture 2 Cost management and classification

Section 3: lecture 3 cost expressions

Lecture 3 Cost expressions

Section 4: lecture 4 : budget contents

Lecture 4 Budget contents

Section 5: lecture 5 data sources

Lecture 5 Data sources

Section 6: lecture 6 earned value

Lecture 6 Earned value

Section 7: lecture 7 cash flow

Lecture 7 Cash flow

Section 8: course example part A-1

Lecture 8 Course example part A-1

Section 9: lecture 9 course example part A-2

Lecture 9 Course example part A-2

Section 10: lecture 10 course example part B-1

Lecture 10 Course example part B-1

Section 11: lecture 11 course example part B-2

Lecture 11 Course example part B-2

Section 12: lecture 11 course example part C-1

Lecture 12 Course example part C-1

Section 13: lecture 13 course example part C-2

Lecture 13 Course example part C-2

Section 14: lecture 14 lumpsum example

Lecture 14 Lumpsum example

Section 15: lecture 15 cash flow example

Lecture 15 Cash flow example

Engineers and accountants who work in project controlling in construction industry