Successful project development depends on pro-active cost management from feasibility through to design, tender and construction, to the completion and useful life of the project. This subject examines applications of economics, management, law and statistical techniques to construction cost economics and management. <br/><br/>Topics include: <br/><br/>advanced cost modelling techniques with parametric and probabilistic cost estimating methods; cost-in-use studies and life-cost approach to building evaluation (LCC in practice); feasibility studies and financial decision-making; value management; tender analysis; construction claims, conflict and dispute management; professional practice... -- Course Website
Prerequisites: Admission to MC-CONMG2Y Master of Construction Management (200 points) OR completion of the first 100 points of MC-CONMG3Y Master of Construction Management (300 points) OR approval of the subject coordinator.
