Estimating and Cost Control – Module ID 44107

Estimating and Cost Control – Module ID 44107


The goal of a construction project manager is to build projects to the standards established in the drawings and specifications, and to do it within the estimated time and cost to meet contract requirements. You must understand budgeted, actual, and projected costs and be able to perform cost analysis. Using these skills effectively allows you to be aware of the cost of doing the work, the cost impact of rework, and how to exercise controls to keep costs in line. This module presents information on cost estimating, project cost awareness, and cost control. In addition, it offers the project manager the tools necessary for analyzing job costs. As a project manager, you should always keep in mind that you are responsible for ensuring that your company makes a profit.

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Learning Objective 1 – Successful completion of this module prepares trainees to: Explain the cost estimating process.

  • Identify the steps of the cost estimating process.
  • Explain the relationships between estimated and actual cost.
  • Describe the elements of cost control and cost reporting.

Learning Objective 2 – Successful completion of this module prepares trainees to: Describe how to perform a cost analysis and its related reporting mechanisms.

  • Explain the cost analysis process.

Performance Tasks

  • Under the supervision of the instructor, you should be able to do the following: 2.Perform a cost analysis for a simple project

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