CPCCBC5002 - Monitor costing systems on complex building and construction projects
Nominal hours
Location
Prerequisites
Co-requisites
(Corequisite units must be studied concurrently with this unit)
Overview
This unit of competency specifies the skills and knowledge required to monitor costing systems for building and construction projects. It includes processes and practices involved in controlling costs, and the production and maintenance of expenditure schedules and other arrangements, to ensure contracts or projects remain on budget.This unit of competency applies to builders, senior managers in building and construction firms, and other construction industry personnel who work independently and in groups to investigate, evaluate and report project costing.
Assessment
For Melbourne campuses
Assessment tasks will be designed to reinforce & extend knowledge and skill competence within set & controlled parameters in accordance with each unit’s learning outcomes & performance criteria requirements, incl the setting of work based practical application tasks designed to provide evidence of competence outcomes, within periodic and scheduled timelines.
Students will be expected to demonstrate the following required skills:
* produce schedules of expenditure from comparing the extent of actual costs to estimated cost
* produce accurate and timely financial reporting in the format required by the organisation
* plan and continuously revise the schedules of payments and cash flows to match contract performance and efficiency.
Students will also be expected to demonstrate the following knowledge:
* advanced estimating and costing systems used in the building and construction industry
* relevant government standards, codes of practice, legislation and licensing requirement for medium-rise construction projects
* building and construction costs:
* building or construction materials
* temporary on-site services and permanent utilities
* human resources and specialist services labour
* plant and equipment purchase, lease and operating
* pre-cast and off-site prefabricated materials
* consumables
* project finance cost centre
* financial principles:
* evaluating and eliminating or reducing risk
* progress payments to maintain cash flow
* expenditure evaluation and overhead costs
* project cost reporting:
* cost-benefit analyses of overtime payments
* detailed summaries of actual costs against estimates
* details of cost over-runs and savings on labour and contracting out
* details of savings or under-expenditure on materials or supplies
* equipment performance information and efficiencies
* variations in rates occurring through rise and fall clauses and effects
* wages, salaries and penalties
* insurances, including workers' compensation premiums
* project processes and timelines.
Required reading
The qualified trainer and assessor will provide teaching and learning materials as required in the form of workbooks produced by Victoria University and/or via the Victoria University e-learning system.
As part of a course
This unit is studied as part of the following course(s):