Cost and budget management in construction projects
Engineers need to communicate and collaborate broadly with internal (management/finance team) and external stakeholders to be an effective cost and budget manager.
This webinar will highlight practical challenges of cost and budget management, best practice and help you identify where you may have skill gaps and future training needs.
Learning outcomes
This webinar will explore the following key themes:
- The fundamentals of cost control.
- Setting up Cost Code structures.
- Importance of regular and accurate cost tracking.
- Breaking down and communicating the budget in measurable terms for site teams.
- Alternative forecasting strategies.
- Reviewing a tender budget and converting to a delivery forecast.
- The concept of risk and contingency and the difference between them.
- The future of cost tracking.
About the speaker
Senior Project Manager , Leed Engineering and Construction Pty Ltd
Tom is a highly experienced project manager and civil engineer, with a proven track record for delivering complex projects. Over the last decade, he has been a leader on multiple large-scale infrastructure projects in challenging urban environments, and remote and rural locations for several tier 1 contractors. Tom has 16 years' industry experience across a range of sectors with skills and knowledge that can be applied across all areas of construction. Tom is adept at managing multiple concurrent work fronts, with a focus on cost control and cost planning and a passion for team development and culture. Tom is the Chair of the Construction Community within Engineers Australia.
