Quantity Survey, Estimation & Valuation(QSEV) (SEM VII)
Building construction estimating is the determination of probable construction costs of any given project. Many items influence and contribute to the cost of a project; each item must be analyzed, quantified, and priced. Because the estimate is prepared before the actual construction, much study and thought must be put into the construction documents. The estimator who can visualize the project and accurately determine its cost will become one of the most important persons in any construction company. The estimator is responsible for including everything contained in the drawings and the project manual in the submitted bid. Because of the complexity of the drawings and the project manual, coupled with the potential cost of an error, the estimator must read everything thoroughly and recheck all items. Initially, the plans and the project manual must be checked to ensure that they are complete. Then the estimator can begin the process of quantifying all of the materials presented. Every item included in the estimate must contain as much information as possible. The quantities determined for the estimate will ultimately be used to order and purchase the needed materials. The estimated quantities and their associated projected costs will become the basis of project controls (e.g., budget and baseline schedule) in the field. The scope of the subject includes estimating, costing, analysis of rates, specification, valuation, tender and contracts etc.
Construction Management (CM) (SEM VIII)
Construction management is a professional service that provides a project’s owner(s) with effective management of the project's schedule, cost, quality, safety, scope, and function. Construction management is compatible with all project delivery methods. No matter the setting, a Construction Manager’s (CMs) responsibility is to the owner and to a successful project.
At its core, a capital project is made up of three parties (excluding the CM):
The owner, who commissions the project and either funds the project directly or finances it through a variety of methods.
The architect/engineer, who designs the project.
The general contractor, who oversees day-to-day operations and manages subcontractors.
The CM represents the owner’s interest and provides oversight over the entire project directly for the owner. His/her mandate is to work with all parties to deliver the project on time, at or under budget, and to the owner’s expected standard of quality, scope, and function.
CMs are uniquely qualified through combined education and experience to work with the owner, architect, general contractor, and other stakeholders to determine the best possible sequence of construction operations and develop a detailed schedule and budget, while also establishing plans for project safety and security and helping the owner manage risk. This requires using project management information systems (PMISs) and complex planning techniques, like critical path method, as well as knowledge of construction methods.
This course deals with the techniques to be applied for scheduling projects, optimizing time-cost and other resources in construction, monitoring & ensuring quality and safety aspects in projects.
Project Mangement (PM) (SEM VIII)
Project management is the application of processes, methods, skills, knowledge and experience to achieve specific project objectives according to the project acceptance criteria within agreed parameters. Project management has final deliverables that are constrained to a finite timescale and budget. It involves the planning and organization of a company's resources to move a specific task, event, or duty towards completion. It can involve a one-time project or an ongoing activity, and resources managed include personnel, finances, technology, and intellectual property.The objective of project management is to produce a complete project which complies with the client's objectives. In many cases the objective of project management is also to shape or reform the client's brief to feasibly address the client's objectives. Once the client's objectives are clearly established they should influence all decisions made by other people involved in the project – for example project managers, designers, contractors and sub-contractors. Ill-defined or too tightly prescribed project management objectives are detrimental to decision making. A project is a temporary endeavor designed to produce a unique product, service or result with a defined beginning and end (usually time-constrained, and often constrained by funding or staffing) undertaken to meet unique goals and objectives, typically to bring about beneficial change or added value. This course familiarize the students with the use of a structured methodology/approach for each and every unique project undertaken, including utilizing project management concepts, tools and techniques. To appraise with the project management life cycle and make them knowledgeable about the various phases from project initiation through closure.