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SDCM70-302: Cost Modelling

Description

This subject addresses cost planning, estimating, lifecycle costing and cost management using BIM-related Lean Construction and Integrated Project Delivery techniques. It is dedicated to aspects of interrogating BIM IT platforms in a manner that informs students how to utilise available BIM information better, to prepare accurate project cost plans and estimates during the project phases defined by the buildingSMART Australasia BIM framework. The subject allows students the opportunity to prepare and refine project estimates/cost plans that align with the BIM framework phases, and with a focus on Lean approaches to construction.

Subject details

Type: Postgraduate Subject
Code: SDCM70-302
Faculty: Faculty of Society and Design
Credit: 5
Study areas:
  • Construction, Property, and Planning

Learning outcomes

  1. Explain the requirements in setting up a BIM model to ensure it informs accurate estimating and cost planning (e.g. correct coding for cost estimating and variation valuing exercises).
  2. Define the risk aspects to cost planning and estimating of failing to ensure collaborative contributions to BIM/Lean/IPD delivered projects, at all stages of the delivery process as defined in the buildingSMART Australasia BIM framework.
  3. Describe the importance of collaborative and integrated input to project estimating and cost planning by all members of the project delivery team.
  4. Recognise how BIM model knowledge is important in preparing and maintaining realistic and useful cost plans and estimates.
  5. Explain how estimating in the BIM/Lean/IPD project delivery environment can be far more accurate, informative, and rapidly delivered because of the 3D modelling and AR/VR aspects of design data presentation.
  6. Describe impacts of BIM informed project cost planning, estimating and life cycle costing in the BIM/Lean/IPD project delivery environment.

Enrolment requirements

Requisites:

Nil

Assumed knowledge:

Assumed knowledge is the minimum level of knowledge of a subject area that students are assumed to have acquired through previous study. It is the responsibility of students to ensure they meet the assumed knowledge expectations of the subject. Students who do not possess this prior knowledge are strongly recommended against enrolling and do so at their own risk. No concessions will be made for studentsโ€™ lack of prior knowledge.

Restrictions: This subject is not available to
  • This subject is not available to students on US Financial Aid.
  • Students on a Student Visa may be restricted from enrolment due to the mode of delivery in the chosen semester. Check the subject outline for further details.

Anti-requisites: