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Construction Cost Control Essentials: Tracking, Managing, and Verifying Project Spend

Date/ Time- TBD

Learning Objectives

Upon completion of this course, participants will be able to:

  1. Define key construction cost control concepts and terminology related to budgeting, forecasting, and cost performance.

  2. Develop a structured approach to tracking and managing construction project spend against an established budget.

  3. Apply techniques for verifying project costs and identifying inaccuracies or variances in financial data.

  4. Analyze the relationship between cost performance and construction schedule progress using performance metrics.

  5. Identify early indicators of budget risk and implement corrective actions to maintain financial control.

  6. Differentiate between types of cost reporting tools and select appropriate formats for stakeholder communication.

  7. Evaluate common cost control challenges in construction and recommend practical solutions to address them.

Program Description

This course delivers a practical, hands-on approach to construction cost control, equipping professionals with the essential tools and strategies to track expenditures, manage budgets, audit costs, and verify financial performance across the project lifecycle. Participants will explore methods to ensure cost visibility, assess project spend accuracy, and align cost control efforts with construction progress.

Through real-world case studies, templates, and performance-based techniques, the course will show how to identify cost deviations early, support data-driven decisions, and improve overall project financial health. This course is ideal for those involved in managing or overseeing construction project finances, and it supports stronger compliance, accountability, and risk reduction.

Participants will learn how to:

  • Establish and manage project budgets

  • Track actuals vs. budget in real-time

  • Implement cost verification techniques

  • Connect schedule performance with financial outcomes

  • Identify common cost control pitfalls and corrective strategies

  • Communicate cost performance effectively to stakeholders

The course balances financial management theory with practical tools, including cost reporting structures, forecasting models, and variance analysis techniques used in the field.

Target Audience:

  • Project Managers

  • Construction Accountants

  • Project Accountants
  • Construction Auditors
  • Cost Engineers

  • Estimators

  • Owner Representatives

  • Financial Controllers in Construction

  • Anyone responsible for budget oversight on construction projects

Instructional Delivery Method: Group Internet Based (webinar)

Course will be broadcasted via Zoom. Link will be sent after registration. 

CPE Credit

This course qualifies for Continuing Professional Education (CPE) credits and is compliant with standards set forth by the National Association of State Boards of Accountancy (NASBA). 

Participants in this course are eligible to receive up to 8.0 Continuing Education Credits (CPE’s) to fulfill professional accreditation requirements. 

Prerequisites: None

Program Level: Intermediate

Advanced Preparation: None

The Institute of Construction Advisors and Consultants is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

Program Date

To be announced

Field of Study

Specialized knowledge

Presenters

We are excited to introduce our esteemed speakers, who will be sharing their valuable insights and expertise during this session!

Speakers- Coming soon!

Registration Fee

Coming soon!

Register Now!

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