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

MODULE	TIMING	TIMING	TIMING
1. Cost Management Techniques	20 Hours
1.1 Precision Cost Estimation Protocols	2 Hours
1.2 Protocols for Automated Cost Database Creation	3 Hours
1.3 Cost Data Mapping Techniques	4 Hours
1.4 Generation and Distribution of Financial Budgets	4 Hours
1.5 Formulation and Distribution of Cost and Resource Databases	4 Hours
1.6 Protocols for Custom Cost Database Integration	3 Hours
1.7 Exploration of Organizational Cost Database Structures	4 Hours
1.8 Best Practices for Schedule IFC Data Transfers via MVD	4 Hours
1.9 Techniques for Tendering Package Formulation	4 Hours
2. Project Planning Techniques	20 Hours
2.1 Precision Mapping: Model Components to Financial Entries	20 Hours
2.2 Component-Centric Cost Evaluation Protocols	20 Hours
2.3 Techniques for Budgeting and Bill of Quantities Formulation	20 Hours
2.4 Protocols for Automated Scheduling	20 Hours
2.5 Analysis of Productivity Metrics and Resource Planning Strategies	20 Hours
2.6 Analysis using the Critical Path Method	20 Hours
2.7 Protocols for Schedule Data Transfer across Platforms	20 Hours
3. Optimization of Costs	20 Hours
3.1 Comprehensive Cost Analysis and Enhancement	20 Hours
3.2 Financial Cash Flow Analysis Techniques	20 Hours
3.3 Best Practices for Resource Management and Allocation	20 Hours
4. Construction Simulation Techniques	20 Hours
4.1 Generation and Dissemination of Simulations	20 Hours
4.2 Direct Sequence Analysis in Real-time	20 Hours
4.3 Colour Differentiation Protocols for Elements, Tasks, and Resources	20 Hours
4.4 Advanced Look-Ahead Analysis Techniques	20 Hours
5. Progress Surveillance Techniques	20 Hours
5.1 Surveillance Techniques for Construction Progress	20 Hours
5.2 Integration of Quantity and Component-centric Progress Metrics	20 Hours
5.3 Utilization of Building Collaboration Format (BCF) for Progress Documentation	20 Hours
5.4 Resource Surveillance Techniques	20 Hours
5.5 Dynamic Adjustments to Schedules based on Progress Metrics	20 Hours
5.6 Protocols for Progress Data Imports	20 Hours
5.7 Monthly Payment Certificate Formulation Protocols	20 Hours
5.8 Advanced Look-Ahead Analysis Techniques	20 Hours
6.Comprehensive Reporting Techniques	20 Hours
6.1 Comprehensive Task Evaluation Protocols	20 Hours
6.2 Comparative Schedule Analysis Techniques	20 Hours
6.3 Analysis of Expected vs. Achieved Outcomes	20 Hours
6.4 Earned Value Analytical Techniques	20 Hours
6.5 Cash Flow Surveillance Protocols	20 Hours
6.6 Work Breakdown Structure Reporting Techniques	20 Hours
6.7 Senior-Level Reporting Protocols	20 Hours
6.8 Advanced Reporting Techniques using Power BI	20 Hours
6.9 Evaluation using Key Performance Indicator (KPI) Metrics	20 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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