• Post category:StudyBullet-17
  • Reading time:8 mins read

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

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


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  • => 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 managementQuality 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.

English
language

Content

1. Introduction

1.1. Introduction
1.2. What is the commercial management ?
1.3. The roles of the commercial manager in construction field
1.4. The Benefits of the commercial management in the construction field
1.5. What defines a successful construction project ?

2. Project Planning and Scheduling: The Role of Commercial Management

Definition and Relationship of Planning & Scheduling with Commercial Management
Planning and Scheduling management Process

3. Budgeting and Financial Management: Essential Skills for Commercial Success

Definition and Relationship of Budgeting with Commercial Management
Budgeting and financial management Process & Cost Report

4. Contracts Management: Essential Skills for Commercial Success

Definition and Relationship of Contracts Management with Commercial Management
Contracts management Process

Risk Management: How to Align Risk and Commercial Management for Optimal Results

5.1. Definition and Relationship of Risk Management with Commercial Management
5.2. Risk management Process

6. Quality Management: The Bridge Between Commercial Success and Failure

6.1. Definition and Relationship of Risk Management with Commercial Management
6.2. Quality management Process

7. Conclusion

Conclusion