16207 Cost Management 3: Cost Planning6cp
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. The subject concludes with an overview of the integration of cost planning practices with building information modelling (BIM) systems.
Spring session, City campus
Detailed subject description.
Information to assist with determining the applicable fee type can be found at Understanding fees.
- 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