University of Technology Sydney

16207 Cost Management 3: Cost Planning

6cp; 4hpw (2hrs lecture; 2hrs studio), on campus To comply with health advice from NSW Health, the planned delivery of this subject for Spring 2021 has been adjusted. Activities planned for campus in the first 4 weeks of session are being moved online. Activities for the remainder of the session will be scheduled on campus only if the public health situation permits face-to-face learning in available teaching spaces.
Requisite(s): 16203 Cost Management 2: Estimating



This subject covers the principles and practices of construction economics involving project scope management, the establishment of project budgets, preliminary estimating, cost planning, cost modelling and elemental building cost analysis. The role of the cost planner in the project design team is investigated and the principle of 'designing to a cost' rather than 'costing a design' is emphasised. The differences between project price, cost and value are identified. Scope management is a critical part of the cost planning process and the principles and practices of project scope identification, management and control are examined in detail. The subject then examines historical building cost data, price indices and leading edge cost planning software are implemented to strengthen student understanding.

Typical availability

Spring session, City campus

Detailed subject description.

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