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Welcome to the Controlling Cost in Construction course! I'm Tom Stephenson and I'm a professor of construction management. This video provides an overview of the full course, helping you navigate the key topics covered in my course playlist. Whether you're a construction professional, student, or project manager, this course will give you the essential tools to manage costs effectively, improve financial outcomes, and enhance project efficiency. Course Topics Include: ✔️ Introduction to Cost Control & VUCA ✔️ Terminology & Methodology ✔️ WBS, Coding, and Cash Flow ✔️ Direct, Indirect & Variable Costs ✔️ Updating, Recovery of both Time and Money ✔️ Productivity and Waste Reduction ✔️ How Successful Builders Become Wealthy ✔️ Earned Value Analysis (EVA) ✔️ Lean Construction & Last Planner System (LPS) ✔️ Change Orders & Recovery Strategies 🔗 Watch the Full Playlist Here: https://studio.youtube.com/playlist/P... 📌 Subscribe for More Construction Management Insights! 📂 Download Course Slides Here: https://drive.google.com/drive/folder... Controlling Costs In Construction, The Course All Lectures and Links • Lecture 00 Course Overview • Lecture 1A Introduction & Vuca • Lecture 1A Cost Control for Construction P... • Lecture 1B Mind Map of Construction • Lecture 1B Cost Control for Construction P... • Lecture 2A Terminology 1 • Lecture 2A Cost Control for Construction P... • Lecture 2B Methodology 2 • Lecture 2B Cost Control, Principles of Cos... • Lecture 3A WBS and Coding • Lecture 3A Cost Control for Construction P... • Lecture 3B WBS and Coding • Lecture 3B Cost Control • Lecture 4A Updating • Lecture 4A Cost Control, How To Save Time ... • Lecture 4B Recovery, Direct Method • Lecture 4B Cost Control • Lecture 5A Forms of Measurement • Lecture 5A Cost Control Methods • Lecture 5B Lean & Waste • Lecture 5B Cost Control Lean Intro • Lecture 6A Change Orders 1 • Project Change Orders, Measure Once Cut Tw... • Lecture 6C Change Orders 2 • Cost Control and Construction Change Order... • Lecture 6B Change Orders 3 • Cost Control: Construction Change Orders, ... • Lecture 8A Cash Flow • Lecture 8A Cost Control, Measuring and Con... • Lecture 8B Builders Become Wealthy • Lecture 8B Ever wonder how successful buil... • Lecture 9A Direct, Variable costs • Cost Control in Construction: Direct, Indi... • Lecture 9B EVA 1 • Lecture 9B Cost Control, Earned Value Anal... • Lecture 10A EVA 2 • Learn the basics of Earned Value Analysis ... • Lecture 11A Lean Construction • How to effectively manage construction pro... • Lecture 11B Pull Planning • Lean Construction Scheduling Using Last Pl... • Lecture 12 Review • Cost Control for Construction Projects, Th... Tom Stephenson is a national award-winning professor (George Brown College, University of Toronto) and best-selling author whose background in education spans nearly three decades. His diverse teaching disciplines include construction project management, business management, human resource management, architecture, carpentry, and brick and stone masonry. As a dual-professional, Tom is called upon by industry leaders to translate knowledge, reinvigorate corporate culture, and inspire innovation in emerging and established companies across Canada. Before breaking into the academic realm, Tom acquired more than a decade of practical project-management experience, operating a mid-sized Toronto-based general contracting firm. He is also the author of the newly released Planning, Scheduling, and Control of Construction Projects with American Technical Publishers and the four best-selling editions of Understanding Construction Drawings for Housing and Small Buildings with Nelson Publishing Canada. Tom most recently received the Toronto Construction Association’s 2020 Chancellor’s Award for “helping his peers become more ethical, knowledgeable and professional.” A champion of change management, Tom takes pride in helping students and businesses navigate uncharted territories, take calculated risks and rise above the status quo. Some of the companies he’s worked with include Mattamy Homes, EllisDon, BIRD Construction, MCA, Maple Reinders, and Tucker HiRise, University of Toronto Project Managers.