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Budgeting/Conceptual Estimating CMGT 8050

Construction Management - CMGT Course

Course details

The aim of the course is to enable students to develop knowledge and examination of various methods of conceptual estimating used in commercial and institutional buildings and their significance in the development of projects prior to the design and construction phases. The course will look at why budget/conceptual estimates are necessary, what factors need to be considered when preparing, evaluating and discussing project and operating costs during the early stages of a project when very little information is available and the design is very minimal. The course will also look at a number of different types of conceptual estimate, when to best use each and the limitations of the estimates types. The lectures will be delivered in 3 hour units per week by a qualified Professional Quantity Surveyor. The 3 hour units will be broken down into a 1 hour lecture and a 2 hour lab session allowing the student to work within a group context to assist learning and allowing question and answer time with the lecturer.

Prerequisite(s)

Credits

3.0

Cost

$728.80

Course offerings

Winter 2023

Below is one offering of CMGT 8050 for the Winter 2023 term.

CRN 90645

Duration

Wed Jan 04 - Wed Mar 22 (12 weeks)

  • 12 weeks
  • CRN 90645
  • $728.80
Class meeting times
Dates Days Times Locations
Jan 04 - Mar 22 Wed 18:00 - 21:00 Burnaby NE01 Rm. 298
Instructor

Angela Lai

Course outline

View

Cost

$728.80

Important information
  1. Departmental approval needed
  2. BLDT 2091 or considerable estimating experience required in order to register for this course. Email how you have met the pre-requisites and your student ID number to CMGT@bcit.ca for approval.
Status

In Progress

This course offering is in progress. Please check back next term or subscribe to receive email updates.

Learning Outcomes

Upon successful completion, the student will be able to:

  • Develop an outline of the key elements of the owner’s decision process when considering to initiate a project.
  • Generate a site options decision matrix with key elements.
  • Examine different types of conceptual estimating techniques.
  • Select and apply applicable conceptual estimating techniques.
  • Examine and evaluate the role of life cycle costs in the decision making process.
  • Evaluate procurement and project delivery strategies.
  • Assess and apply contingency strategies.

Effective as of Fall 2011

Related Programs

Budgeting/Conceptual Estimating (CMGT 8050) is offered as a part of the following programs:

School of Construction and the Environment

  1. Construction Management
    Bachelor of Technology Full-time/Part-time

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