Executive Development Programme in Construction Budget Management
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⢠Construction Budget Planning: Understanding the primary phases and elements of construction budget planning. This unit will cover kick-off meetings, budget development, project cost estimates, and contingency planning.
⢠Cost Estimation Techniques: Explore the various cost estimation techniques used in construction budget management, such as top-down and bottom-up approaches, parametric estimating, and three-point estimating.
⢠Budget Management Tools: Introduction to popular budget management tools, including spreadsheets, construction budget software, and project management platforms. Learn how to use these tools to track and analyze budget data effectively.
⢠Change Management: Techniques for managing changes in construction projects, including assessing the impact of change requests, negotiating change orders, and updating the project budget accordingly.
⢠Cost Control Measures: Learn about various cost control measures that can be implemented during the construction process to minimize cost overruns and ensure budget adherence.
⢠Contract Administration: Examination of contract administration in construction budget management, including contract terms, procurement processes, and payment schedules.
⢠Risk Management: Understanding the risks associated with construction projects and implementing risk management strategies to mitigate those risks and protect the project budget.
⢠Stakeholder Communication: Effective communication strategies for engaging with project stakeholders, including project owners, architects, engineers, contractors, and subcontractors.
⢠Financial Reporting: Techniques for reporting financial information related to construction projects, including progress reports, invoices, and financial statements, to project stakeholders.
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