Cost Management (3cr)

Objective

Competence in the construction process
Students know the methods of cost management in the construction sector and identifiy the methods used in the different phases of the project to identify and monitor costs. They are able to anticipate the costs in the different phases of a construction project.

Content

- the role of planning in cost management
- estimation of construction costs
- cost control
- cost management methods
- managing the risks affecting costs

Assessment criteria, satisfactory (1)

Students know the basics of cost management. They can identify cost management methods at different stages of a project.

Assessment criteria, good (3)

Students know the key elements of cost management and can apply them to the specificities of the project.

Assessment criteria, excellent (5)

Students have a comprehensive knowledge of cost management methods and are able to select the right methods according to the specificities of the project. They understand the methods of managing the risks affecting projects and are able to identify risk management tools for different types of projects.

Materials

- Lindholm, M. (2009). Kustannushallinta rakennushankkeessa. Suomen Rakennusmedia
- Koskenvesa, A., & Soila, J. (2018). Rakennushankkeen kustannushallinta. Rakennustieto Oy
- teacher's own material