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BENEFITS OF DOCUMENT

  1. Enhances project cost estimation skills
  2. Learn project financials
  3. Enhance cost control skills

DOCUMENT DESCRIPTION

Introduction and Course Objectives

The estimating techniques covered in this course will provide participants with the necessary skills to forecast accurately the anticipated costs of projects.
The development of reliable cost estimates during the design and early conceptual stages of a proposed project is of critical importance since the decision to proceed with a project is often based almost exclusively on early conceptual cost estimates. These estimates also provide the basis for the cash flow projections and forecasts used during the project feasibility study.
Course Outlines

Day 1

Cost Estimating Basics
? Basic Project Management definitions
? Cost Selection Methods
? Typical project terminology & setting up for success
? Project cost management, Cost Control
? Resource & Cost Allocation
? Understanding project management inputs to cost estimation


Day 2

Pricing, Contracts and Risk
? Project management inputs to cost budgeting
? Resource Requirements
? Direct & Indirect Project Costs
? Probability and Standard Deviation Formulae
? Contract types according to risk distribution
? Fixed Price Contracts, Cost-Plus Contracts

Day 3

Developing the Project Budget & Cost Control
? Risk Identification, Analysis & Management
? Qualitative Risk Analysis
? Quantitative Risk Analysis
? Risk & Probability Matrix
? Risk Response Strategy
? Cash Flow management

Who Should Attend
? Project Cost Estimators
? Project Designers
? Project Planners and Schedulers
? Contracts Professionals
? Project Procurement and Purchasing Staff
? Project Control and Business Services Professionals who have the responsibility for preparing cost estimates and project proposals in client and contracting companies

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Source: Project Cost Estimation and Control PowerPoint document

 

Project Cost Estimation and Control

Sold by Tarek Darwish, Sr. Consultant & Trainer (this author has 6 documents)

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File Type: PowerPoint (pptx)

File Size: 2.3 MB

Number of Slides: 61 (includes cover, transition slides)

Related Topic(s): Project Cost

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Initial upload date (first version): Sep 21, 2021
Most recent version published: Sep 22, 2021

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