16207 Cost Management 3: Cost Planning

6cp; 2hpw pre-recorded lectures, 2hpw on campus in-class activities/tutorials
Requisite(s): 16203 Cost Management 2: Estimating
Undergraduate

Description

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.

Fee information

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Commonwealth-supported students: view subject fees at Fees Search: Commonwealth-supported
Postgraduate domestic fee-paying students: fees are charged according to the course enrolled in; refer to Domestic Fees Search: Postgraduate and Research
International students: fees are charged according to the course enrolled in; refer to International Fees Search
Subject EFTSL: 0.125

Access conditions

Note: The requisite information presented in this subject description covers only academic requisites. Full details of all enforced rules, covering both academic and admission requisites, are available at access conditions and My Student Admin.