University of Technology Sydney

16412 Cost Management 4: Advanced Cost Management

6cp; 3hpw (2hrs lecture, 1hr tutorial or consultation/workshop/online self-learning)
Requisite(s): 16207 Cost Management 3: Cost Planning



This subject covers advanced estimating and cost management techniques and procedures used by contractors. This includes tendering practices and cost monitoring, control and remedial action during the course of a project. The practical issues and problems faced by contractors in estimating project costs and securing work are examined in detail as are the strategies used by contractors to achieve competitive advantage. The subject also explores other decision-making techniques such as investment appraisal, feasibility studies and cost benefit analysis. The subject utilises contemporary software applications and explores leading edge industry practices such as electronic measurement, linking automated quantities to estimating databases/systems and the integration of the estimating process with building information modelling (BIM) systems.

Typical availability

Autumn session, City campus

Detailed subject description.

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