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

Created by: Belal Elmasry
Commercial Section Head | BSc. Eng. PMP®, PMI-PBA®, PMI-RMP®

What Will I 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

Requirements

• There are no prerequisites for visiting this course other than your basic understanding of construction management or a related field. just Some experience working on construction projects. This will give a basic practical understanding of how commercial management concepts can be applied in the field of construction management and project management. These basic concepts are necessary for everyone interested in the field of construction, whether working in project management, contracts, procurement, cost, quality engineers, or implementation engineers, in addition to all recent graduate engineers so that they can work effectively with others such as clients, contractors, Supplier and stakeholders

Target audience

• 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