16412 Cost Management 4: Advanced Cost Management6cp; 4hpw x 12wks (2hr lecture and 2hr tutorial or consultation/workshop, or 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 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.
Autumn 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