Study Guide

Objective

The student knows the methods of cost management in the construction sector and identifies the methods used in the different phases of the project to identify and monitor costs. The student is 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

Materials

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

Evaluation scale

1-5

Assessment criteria, satisfactory (1)

The student knows the basics of cost management. The student can identify cost management methods at different stages of a project.

Assessment criteria, good (3)

The student knows the key elements of cost management and can apply them to the specificities of the project.

Assessment criteria, excellent (5)

The student has a comprehensive knowledge of cost management methods and is able to select the right methods according to the specificities of the project. The student understands the methods of managing the risks affecting projects and is able to identify risk management tools for different types of projects.