Improving Productivity and Managing Project Costs

Improving Productivity and Managing Project Cost

Unit #5 STP v 2.0

This course covers a good review of understanding how project estimates are compiled, how to compare actual project costs with those estimated and how to control costs to meet estimate. In addition, the course details how productivity is measured, management’s role in increasing jobsite productivity and how a small increase in productivity can have a significant impact on the time and cost of a project.

Specific topics of Improving Productivity and Managing Project Costs:

  • Introduction to understanding and managing project costs
  • Construction estimates
  • Who controls project costs
  • Reporting and analyzing actual costs
  • Cost control strategies and planning for cost control
  • Labor cost variances
  • Managing risk and loss potentials
  • Working with project partners and managing subcontractors
  • Post-project evaluations
  • Benchmarking construction productivity
  • Improving productivity through pre-planning
  • “MORE”-Four new skills for effective supervision
  • Personnel and equipment management for productivity improvement
  • Jobsite productivity, planning and scheduling
  • Quantifying lost labor productivity
  • Recordkeeping, control, changes and defect analysis