Cost Integrated Digital Construction Management

Value Streamlined Construction Command

Redefine construction precision by seamlessly integrating project timelines with cost controls, fostering optimal project delivery every time.

Course Description

This course offers a deep exploration of construction resource and costing combined with real-time monitoring using advanced tools. Delve into the intricacies of digital construction, from cost management to project reporting, enhancing every facet of your project lifecycle.

Course Objectives

1. Understand advanced 5D cost management principles.
2. Develop expertise in 5D project planning.
3. Master the art of cost optimization.
4. Learn how to create and analyse 5D simulations.
5. Acquire skills in 5D progress tracking and reporting.

Course Outcomes

1. Ability to manage construction costs using modern techniques.
2. Proficiency in 5D planning and simulation.
3. Skills in cost optimization and resource management.
4. Capability to monitor construction progress in 5D.
5. Expertise in detailed construction cost reporting.

Proficiency Earned

1. Cost Estimation
2. 5D Simulation
3. Resource Allocation
4. Cost Analysis
5. Advanced Reporting

Achievable Grades

1. Digital Construction Cost Expert
2. 5D Planning Specialist
3. Cost Optimization Analyst
4. Construction Financial Manager

Invited Participants

Financial Managers in Construction, Project Managers, Cost Estimators, Quantity Surveyors, Construction Economists, and professionals keen on mastering modern cost management techniques.

Desirable Requirements

Understanding of construction financial processes and basic project management principles.

Scheduled Modules

MODULETIMINGTIMINGTIMING
1. Cost Management Techniques20 Hours
1.1 Precision Cost Estimation Protocols2 Hours
1.2 Protocols for Automated Cost Database Creation3 Hours
1.3 Cost Data Mapping Techniques4 Hours
1.4 Generation and Distribution of Financial Budgets4 Hours
1.5 Formulation and Distribution of Cost and Resource Databases4 Hours
1.6 Protocols for Custom Cost Database Integration3 Hours
1.7 Exploration of Organizational Cost Database Structures4 Hours
1.8 Best Practices for Schedule IFC Data Transfers via MVD4 Hours
1.9 Techniques for Tendering Package Formulation4 Hours
2. Project Planning Techniques20 Hours
2.1 Precision Mapping: Model Components to Financial Entries20 Hours
2.2 Component-Centric Cost Evaluation Protocols20 Hours
2.3 Techniques for Budgeting and Bill of Quantities Formulation20 Hours
2.4 Protocols for Automated Scheduling20 Hours
2.5 Analysis of Productivity Metrics and Resource Planning Strategies20 Hours
2.6 Analysis using the Critical Path Method20 Hours
2.7 Protocols for Schedule Data Transfer across Platforms20 Hours
3. Optimization of Costs20 Hours
3.1 Comprehensive Cost Analysis and Enhancement20 Hours
3.2 Financial Cash Flow Analysis Techniques20 Hours
3.3 Best Practices for Resource Management and Allocation20 Hours
4. Construction Simulation Techniques20 Hours
4.1 Generation and Dissemination of Simulations20 Hours
4.2 Direct Sequence Analysis in Real-time20 Hours
4.3 Colour Differentiation Protocols for Elements, Tasks, and Resources20 Hours
4.4 Advanced Look-Ahead Analysis Techniques20 Hours
5. Progress Surveillance Techniques20 Hours
5.1 Surveillance Techniques for Construction Progress20 Hours
5.2 Integration of Quantity and Component-centric Progress Metrics20 Hours
5.3 Utilization of Building Collaboration Format (BCF) for Progress Documentation20 Hours
5.4 Resource Surveillance Techniques20 Hours
5.5 Dynamic Adjustments to Schedules based on Progress Metrics20 Hours
5.6 Protocols for Progress Data Imports20 Hours
5.7 Monthly Payment Certificate Formulation Protocols20 Hours
5.8 Advanced Look-Ahead Analysis Techniques20 Hours
6.Comprehensive Reporting Techniques20 Hours
6.1 Comprehensive Task Evaluation Protocols20 Hours
6.2 Comparative Schedule Analysis Techniques20 Hours
6.3 Analysis of Expected vs. Achieved Outcomes20 Hours
6.4 Earned Value Analytical Techniques20 Hours
6.5 Cash Flow Surveillance Protocols20 Hours
6.6 Work Breakdown Structure Reporting Techniques20 Hours
6.7 Senior-Level Reporting Protocols20 Hours
6.8 Advanced Reporting Techniques using Power BI20 Hours
6.9 Evaluation using Key Performance Indicator (KPI) Metrics20 Hours

Assessment Criteria

  • Quiz:After each module, to test understanding.
  • Assignments:Practical tasks after each major topic.
  • Practical Application:Final project where participants apply what they’ve learned to a real-world construction project scenario.

 

Credential Award

Upon successful completion of the course and demonstrating a comprehensive understanding of integrating project timelines with meticulous cost controls, participants will be conferred with the “Certified Professional – Cost Integrated Digital Construction Management” certification. This credential is a testament to their prowess in wielding advanced 5D construction management techniques, thereby setting them apart as leading experts in the realm of cost-integrated construction planning and execution.

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