In the construction industry, accurate cost estimation and effective risk management are essential to the success of a project. With the advancement of digital technologies, Building Information Modeling (BIM) has become a key tool in transforming how cost and risk are managed. BIM offers powerful capabilities for visualizing project data, enabling more precise cost estimation, identifying potential risks early, and improving decision-making throughout the project lifecycle.

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This theoretical course is designed for professionals in the construction industry—especially those involved in cost estimation and risk management—who wish to leverage BIM to enhance their processes. You'll learn how to use BIM to improve cost planning, manage project risks, and integrate these elements seamlessly into project workflows for optimal outcomes.

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By the end of this course, you will have a comprehensive understanding of how BIM can be applied in cost estimation, risk analysis, and overall project management.

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What you will learn on this course:
 

•  Understanding BIM for cost estimation and risk management – Learn the fundamental principles of BIM and how it contributes to more accurate cost estimation and effective risk management.

•  Integrating BIM into the cost estimation process – Discover how BIM models can be used for detailed cost estimation, from material take-offs to labor costs, and support budgeting processes.

•  Risk management through BIM – Understand how BIM can help identify, assess, and mitigate risks in construction projects, ensuring smoother project execution.

•  Managing uncertainties with BIM – Learn how to use BIM to forecast potential issues and incorporate contingency planning into cost estimation and risk analysis.

•  Collaboration and decision-making in BIM environments – Explore the role of communication and collaboration between stakeholders, using BIM for decision-making and better coordination in the cost and risk management processes.

•  Data management and compliance for cost estimation and risk – Understand the importance of accurate data management, standards, and regulatory compliance within BIM workflows for cost and risk management.

Accreditation for this course

This live webinar is approved by the Engineering Council of South Africa (ECSA). Complete the course to earn 2 ECSA CPD Points. PMP Certificate holders will also receive 14 PMI PDUs. This certification boosts your standing in the engineering world, showcasing dedication and excellence. Regularly updating CPD points is vital with bodies like ECSA, as not doing so could affect your membership. Stay updated, prioritize your certification, and highlight your commitment to engineering growth.

Who is this course for:

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• Project managers overseeing construction projects

• Engineers and architects involved in BIM workflows

• Construction professionals looking to enhance collaboration

• Quantity surveyors and cost managers

• Professionals transitioning into BIM-based project management

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On completion of the course, you will receive the following:​

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• A certificate of completion

• 2 ECSA CPD points

• For PMP Certificate holders: 14 PMI PDUs

• 3-month access to recordings of live sessions (for delegates who miss a session due to load shedding)

• An accredited self-paced course with additional CPD points

• This is a live interactive course, allowing you to ask the presenter questions in real-time.

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Note: Live sessions must be attended to qualify for the certificate; recordings are for review only.