Advanced Engineering
Construction Cost Control, EVM & CBS Management
Keep Projects within Budget through Earned Value Management and Cost Breakdown Structures
Learn how to implement Cost Breakdown Structure (CBS), track project expenditure, apply Earned Value Management (EVM), and perform financial variance analysis.
What You Will Master
Establish robust Cost Breakdown Structures (CBS) aligned with Work Breakdown Structures (WBS)
Track baseline budgets versus actual committed project expenditures
Calculate PV (Planned Value), EV (Earned Value), and AC (Actual Cost) accurately
Determine Schedule Variance (SV), Cost Variance (CV), SPI, and CPI metrics
Forecast Estimate at Completion (EAC) and Estimate to Complete (ETC)
Implement corrective measures when construction expenditure exceeds budget thresholds
Modules & Syllabus
Module 01
Cost Breakdown Structure (CBS) Architecture
- Aligning the Project WBS with the Financial CBS
- Defining cost codes for direct materials, direct labor, equipment, and overheads
- Setting up the initial baseline budget and cost control ledger
- Tracking committed costs vs actual cash outflow on site
Module 02
Earned Value Management System (EVM) in Construction
- Fundamentals of EVM: Planned Value (PV), Earned Value (EV), Actual Cost (AC)
- Calculating Schedule Variance (SV) and Cost Variance (CV)
- Schedule Performance Index (SPI) and Cost Performance Index (CPI) analysis
- Determining whether a project is ahead/behind schedule or over/under budget
Module 03
Cost Forecasting & Trend Analysis
- Calculating Estimate at Completion (EAC) under varying project conditions
- Estimate to Complete (ETC) and Variance at Completion (VAC)
- To-Complete Performance Index (TCPI) requirements to meet the budget
- Early warning indicators of project cash-flow distress
Module 04
Executive Cost Control Reports & Dashboarding
- Building weekly and monthly cost tracking dashboards in Excel
- Presenting cost variance insights to clients, directors, and lenders
- Implementing cost mitigation measures on active site operations
- Audit trails for budget revisions and reallocation requests
Who Should Enroll?
Project Managers, Resident Engineers & Planning Engineers
Mid-level Quantity Surveyors transitioning to Project Controls
Construction Company Directors tracking financial health
Cost Engineers seeking Earned Value Management certification skills
Prerequisites
- Basic understanding of project scheduling and financial fundamentals
- Comfort with formulas in Excel
Tools Covered
- MS Excel (EVM Calculation Models)
- MS Project (Basic Integration)
- PowerBI Concepts
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Course Summary
Track:Advanced Engineering
Mode:Online Practical
Language:Urdu / English
Certification:Included