Introduction to Commercial Management in Construction field
Learn the Essential Skills and Knowledge of Commercial Management in Construction industry and Get Ahead in Your Career
Ratings 4.17 / 5.00
What You Will Learn!
- The basics of commercial management, such as what it is, why it is important, and the role of the commercial manager.
- The Benefits of the commercial management in the construction field
- The relationship between commercial management and project planning and scheduling
- planning and scheduling management and Process (Defining the scope, Developing the schedule, Identifying and managing risks, Allocating resources, Monitoring an
- The relationship between commercial management and budgeting and financial management
- Budgeting and financial management and Process, create and track the budget with basics of cost report
- The relationship between commercial management and contract management.
- contracts management process (Identify the key elements of a contract. Negotiate and draft effective contracts. Administrate, Manage contracts
- The relationship between commercial management and risk management.
- Risk management Process (Identify, Assess the risks, Develop, Implement the mitigation strategies and Monitor and review the risk management plan)
- The relationship between commercial management and quality management.
- Quality management Process (Set quality standards, Measure performance, Take corrective action and Continuous improvement)
- Develop the skills and knowledge necessary to be a successful in commercial management
Description
Understanding the Basics of Commercial Management in the Construction Industry
This Basic course will introduce you to the fundamental concepts and principles of commercial management in the construction industry. You will learn about the role of commercial managers, the different areas of commercial management, and the relationship between commercial management and other disciplines.
The course will cover the following topics:
What is commercial management?
Commercial management is the process of managing the financial aspects of a construction project. This includes activities such as budgeting, forecasting, and contract management.
Commercial managers are responsible for ensuring that construction projects are completed on time, within budget, and to the required quality standards.
The role of commercial managers
Commercial managers play a vital role in the construction industry. They are responsible for:
Developing and managing project budgets
Negotiating contracts with suppliers and contractors
Managing risks and ensuring that projects are completed on time and within budget
Ensuring that projects meet the required quality standards
The relationship between commercial management and other disciplines
Commercial management is closely related to other disciplines, such as:
Project planning and scheduling
Budget and financial management
Contract management
Risk management
Quality management
=> Project planning and scheduling management
Project planning and scheduling is the process of developing a plan for how a project will be completed.
Planning and Scheduling Management Process:
1. Define the scope of the project
2. Develop the project schedule
3. Identify and manage risks
4. Allocate resources
5. Monitor and control the project
=> Budget and Financial management
Budget and financial management is the process of tracking and managing the financial resources of a project.
Budget and Financial Management Process:
1. Define the project
2. Estimate the costs
3. Develop a budget
Cost report or Financial report
=> Contract management
Contract management is the process of negotiating, managing, and enforcing contracts.
Contract Management Process:
1. Negotiating contracts
2. Executing contracts
3. Administering contracts
=> Risk management
Risk management is the process of identifying, assessing, and mitigating risks.
Risk Management Process:
1. Identify the risks
2. Assess the risks
3. Develop mitigation strategies
4. Implement the mitigation strategies
5. Monitor and review the risk management plan
=> Quality management
Quality management is the process of ensuring that a project meets the required quality standards.
Quality Management Process:
1. Set quality standards
2. Measure performance
3. Take corrective action
4. Continuous improvement
By the end of this course, you will learn the basics of:
Develop and manage project budgets
Negotiate contracts with suppliers and contractors
Manage risks and ensure that projects are completed on time and within budget
Ensuring that projects meet the required quality standards
If you are interested in a career in commercial management in the construction industry, or if you want to improve your skills and knowledge in this field, then this course is for you. Enroll today and begin your journey to becoming a successful assistant / commercial manager.
Who Should Attend!
- Anyone related to or interested in a career in construction such as Construction managers/ Engineers, Project managers/ Engineers, Contract managers/ Contract administrators, Cost Engineers, architects, Fresh graduates engineers, real estate developers and quantity surveyors