Introduction To Commercial Management In Construction Field

Learn the Essential Skills and Knowledge of Commercial Management in Construction industry and Get Ahead in Your Career

What you'll learn

The basics of commercial management, such as what it is, why it is important, and the role of the commercial manager.

The Benefits of the commercial management in the construction field

The relationship between commercial management and project planning and scheduling

planning and scheduling management and Process (Defining the scope, Developing the schedule, Identifying and managing risks, Allocating resources, Monitoring an

The relationship between commercial management and budgeting and financial management

Budgeting and financial management and Process, create and track the budget with basics of cost report

The relationship between commercial management and contract management.

contracts management process (Identify the key elements of a contract. Negotiate and draft effective contracts. Administrate, Manage contracts

The relationship between commercial management and risk management.

Risk management Process (Identify, Assess the risks, Develop, Implement the mitigation strategies and Monitor and review the risk management plan)

The relationship between commercial management and quality management.

Quality management Process (Set quality standards, Measure performance, Take corrective action and Continuous improvement)

Develop the skills and knowledge necessary to be a successful in commercial management

Requirements

There are no prerequisites for visiting this course other than your basic understanding of construction management or a related field. just Some experience working on construction projects. This will give a basic practical understanding of how commercial management concepts can be applied in the field of construction management and project management. These basic concepts are necessary for everyone interested in the field of construction, whether working in project management, contracts, procurement, cost, quality engineers, or implementation engineers, in addition to all recent graduate engineers so that they can work effectively with others such as clients, contractors, Supplier and stakeholders

Description

Understanding the Basics of Commercial Management in the Construction IndustryThis Basic course will introduce you to the fundamental concepts and principles of commercial management in the construction industry. You will learn about the role of commercial managers, the different areas of commercial management, and the relationship between commercial management and other disciplines.The course will cover the following topics:What is commercial management?Commercial management is the process of managing the financial aspects of a construction project. This includes activities such as budgeting, forecasting, and contract management.Commercial managers are responsible for ensuring that construction projects are completed on time, within budget, and to the required quality standards.The role of commercial managersCommercial managers play a vital role in the construction industry. They are responsible for:Developing and managing project budgetsNegotiating contracts with suppliers and contractorsManaging risks and ensuring that projects are completed on time and within budgetEnsuring that projects meet the required quality standardsThe relationship between commercial management and other disciplinesCommercial management is closely related to other disciplines, such as:Project planning and schedulingBudget and financial managementContract managementRisk managementQuality management=> Project planning and scheduling management                     Project planning and scheduling is the process of developing a plan for how a project will be completed.                     Planning and Scheduling Management Process:                                   1.  Define the scope of the project                                 2. Develop the project schedule                                 3. Identify and manage risks                                 4. Allocate resources                                 5. Monitor and control the project => Budget and Financial management         Budget and financial management is the process of tracking and managing the financial resources of a project.                   Budget and Financial Management Process:                                   1.  Define the project                                 2. Estimate the costs                                 3. Develop a budget                 Cost report or Financial report                         => Contract management         Contract management is the process of negotiating, managing, and enforcing contracts.                 Contract Management Process:                                   1.  Negotiating contracts                                 2. Executing contracts                                 3. Administering contracts=> Risk management         Risk management is the process of identifying, assessing, and mitigating risks.                Risk Management Process:                                   1.  Identify the risks                                 2. Assess the risks                                 3. Develop mitigation strategies                                 4. Implement the mitigation strategies                                 5. Monitor and review the risk management plan=> Quality management  Quality management is the process of ensuring that a project meets the required quality standards.          Quality Management Process:                           1.  Set quality standards                         2. Measure performance                         3. Take corrective action                         4. Continuous improvementBy the end of this course, you will learn the basics of:Develop and manage project budgetsNegotiate contracts with suppliers and contractorsManage risks and ensure that projects are completed on time and within budgetEnsuring that projects meet the required quality standardsIf you are interested in a career in commercial management in the construction industry, or if you want to improve your skills and knowledge in this field, then this course is for you. Enroll today and begin your journey to becoming a successful assistant / commercial manager.

Overview

Section 1: Introduction

Lecture 1 1.1. Introduction

Lecture 2 1.2. What is the commercial management ?

Lecture 3 1.3. The roles of the commercial manager in construction field

Lecture 4 1.4. The Benefits of the commercial management in the construction field

Lecture 5 1.5. What defines a successful construction project ?

Section 2: Project Planning and Scheduling: The Role of Commercial Management

Lecture 6 Definition and Relationship of Planning & Scheduling with Commercial Management

Lecture 7 Planning and Scheduling management Process

Section 3: Budgeting and Financial Management: Essential Skills for Commercial Success

Lecture 8 Definition and Relationship of Budgeting with Commercial Management

Lecture 9 Budgeting and financial management Process & Cost Report

Section 4: Contracts Management: Essential Skills for Commercial Success

Lecture 10 Definition and Relationship of Contracts Management with Commercial Management

Lecture 11 Contracts management Process

Section 5: Risk Management: How to Align Risk and Commercial Management for Optimal Results

Lecture 12 5.1. Definition and Relationship of Risk Management with Commercial Management

Lecture 13 5.2. Risk management Process

Section 6: Quality Management: The Bridge Between Commercial Success and Failure

Lecture 14 6.1. Definition and Relationship of Risk Management with Commercial Management

Lecture 15 6.2. Quality management Process

Section 7: 7. Conclusion

Lecture 16 Conclusion

Anyone related to or interested in a career in construction such as Construction managers/ Engineers, Project managers/ Engineers, Contract managers/ Contract administrators, Cost Engineers, architects, Fresh graduates engineers, real estate developers and quantity surveyors