Corequisite: MET PM 100 lab - This course provides a comprehensive and forward-looking exploration of construction cost and risk management practices essential to delivering successful built environment projects in the digital age. Students will study the principles of cost control, budgeting, change management, and lifecycle costing while integrating advanced risk management strategies. Special emphasis is placed on identifying and mitigating procurement risks, managing claims and disputes, aligning contract models with risk allocation, and addressing interface management (IM) as a key contributor to risk in complex projects. Students will also explore how artificial intelligence, predictive analytics, and digital simulation tools reshape forecasting, scenario planning, and risk-informed decision-making. The course includes practical exercises, case studies, and simulations replicating industry scenarios that align with the PMI-CP certification objectives.

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