Cost Planning and Control

Queensland University of Technology

Course Description

  • Course Name

    Cost Planning and Control

  • Host University

    Queensland University of Technology

  • Location

    Brisbane, Australia

  • Area of Study

    Construction Management, Design Management, Finance, Financial Management

  • Language Level

    Taught In English

  • Course Level Recommendations

    Upper

    ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.

    Hours & Credits

  • Credit Points

    12
  • Recommended U.S. Semester Credits
    3 - 4
  • Recommended U.S. Quarter Units
    4 - 6
  • Overview

    Interrelationship between construction industry and economy; Fundamental principles of cost management (design and construction cost planning and cost control); Nature and purpose of cost planning and cost control systems; Contract costing (historical accounting) and anticipatory (forecast final cost / value); Design economics, cost and value concepts, cost information systems, cost modelling, cost analyses, cost indices, cost data, cost implications of design variables; Life cycle costing and modelling including design knowledge in virtual environments; Value management, including energy efficiency in buildings, and value alignment process for project delivery; Asset management and building maintenance; Risk management in cost planning and cost control.
    Learning Outcomes
    By the completion of this unit you should be able to demonstrate the following discipline specific capabilities at sub-professional level:
    1. Explain the importance of building design in the financial management of projects during the design and construction of buildings across alternative methods of procurement;
    2. Critically identify, select and apply cost planning, value management, life cycle costing techniques and other asset management techniques in pursuance of improving value and managing costs more effectively; and
    3. Compare the relative importance of sketch design in terms of capital cost and building design in terms of life cycle costs and building maintenance generally, as well as the relative importance of building elements in relation to capital versus life cycle costs.

Course Disclaimer

Courses and course hours of instruction are subject to change.

Eligibility for courses may be subject to a placement exam and/or pre-requisites.

Some courses may require additional fees.

Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.