Learn best practices in the development of a pre-construction cost estimate and budgeting of projected costs.
Pre-construction cost estimating and budgeting is arguably one of the most important issues for successfully managing construction projects. The subject deals with cost issues at the planning stage, which is detrimental to the project's success, as financial mismanagement is considered the top reason for the failure of construction companies. This course takes a quick look at cost and budgeting issues during the pre-construction phase for both the owner and the general contractor. As we all know, cost estimating is a predictive process, and there are steps to be taken to make it as accurate as possible. Aligning actual expenses with the project budget is a key to success, and this has two elements: Starting with a good estimate and accurate budget and controlling the cost while in the execution phase.
Agenda
Faculty
Saleh Mubarak
Saleh A. Mubarak, Ph. D.
- Construction project management professor, consultant, author, public speaker, and trainer
- An authority on project planning, scheduling, and project control
- Over 30 years of diversified, industrial, and academic experience, all in the general field of construction project management
- Extensive experience in continuing education and professional training around the world, mainly in technical subjects but also in soft skills
- Author of two books, Construction Project Scheduling and Control, 4th edition, and How to Estimate with Means Data: Basic Skills for Building Construction, 5th edition, both published by Wiley; also wrote many articles, technical and other
- Public speaker at many local, regional, and international events
- Presented at many professional conferences, such as PMI and AACE International
- B.S., M.Sc., and Ph.D. degrees in civil engineering, specializing in construction project management
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