Micro-credentials

Manage Construction Project Costs Learning Component

Gain the skills and knowledge a project engineer needs to manage budgets and costs on construction projects. 

Micro-credentials

Manage Construction Project Costs Learning Component

Gain the skills and knowledge a project engineer needs to manage budgets and costs on construction projects. 

On this page
Overview

Project engineers are responsible for managing the budgets and costs across a project lifecycle. From forecasting budgets, to communicating work packages, and evaluating the cost vs benefits on potential solutions. 

This online course will help you develop the skills and knowledge you need as a project engineer to manage construction project budgets and costs. You’ll also understand what you need to do to prepare for your micro-credential submission. 

Learning outcomes
  • Review project budget and break up the elements   
  • Complete quantity take-offs, forecast and track the total cost of scope   
  • Calculate the cost of undertaking a task and evaluate against the resultant benefits   
  • Evaluate different options to achieve project outcomes and determine most beneficial solution. 
Topics we’ll cover
  • Introduction to project costs 
  • Work breakdown structures 
  • Early preparation and considerations for project cost management 
  • Cost management plan 
  • Identification of costs 
  • Estimation of costs 
  • Simple time phased project budgets 
  • Project cost control and monitoring 
  • Earned value assessment 
  • Contingency 
  • Technology. 
How you’ll learn

The learning component is delivered through EngLearn, our digital learning platform. 

You'll learn using a mix of practical case studies, quizzes and reading, audio and video materials. You'll also apply your knowledge in practice with a variety of assessment tasks. 

It will take approximately eight hours to complete. As it is self-paced, you can start anytime and save your progress as you finish each module. 

Once you register for the micro-credential, you have 90 days to complete it. 

EngLearn access 

Once you register for the micro-credential, you will be provided with access to the EngLearn platform to start this course. 

EngLearn is powered by Canvas by Instructure, a leading Learning Management System (LMS). 

If you are using EngLearn for the first time, you will receive an email from [email protected] inviting you to set up your EngLearn account.

Supported Browsers 

For best performance, please use the most recent major release of Chrome, Firefox, Edge, or Safari. Read more about the current supported browsers on Canvas: 

Mobile access 

EngLearn is mobile friendly, however desktop is preferred. Please read through the following information on mobile access via Canvas: 

Who you’ll learn from

This short course was designed and developed by industry experts, including content from Chapter 10 of the e-book Project Management in Practice (2019 edition) by Neil Pearson, Erik Larson, and Clifford Gray; along with content from Moein Varaei.

Moein Varaei 

Moein Varaei is the Principal Consultant at Global Empowering Solutions. He has over 30 years of experience in consultancy and project management across road, wet and dry utilities, airport infrastructure, bridges, tunnels, and metro. Having coordinated international teams all working towards the same project, Moein loves to help teams understand motivation, relationship management skills and effective planning.  

Moein is a Chartered engineer and a Registered Professional Engineer of Queensland. In his current role, he provides training, coaching, advisory and policy writing services to other engineering consultants and struggling project teams. 

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