Project Cost Estimating Skills

Project Cost Estimating Skills


Choose from the following table the course date which you would like to attend the course on :

Sart
End
Fees
Venue
Length
11-Mar-2018
15-Mar-2018
7500$
Istanbul (Turkey)
One Week
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4-Mar-2018
8-Mar-2018
4700$
Dubai (UAE)
One Week
Click Here
11-Mar-2018
15-Mar-2018
6950$
Paris (France)
One Week
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22-Apr-2018
26-Apr-2018
4700$
Kuala Lumpur (Malaysia)
One Week
Click Here
15-Apr-2018
19-Apr-2018
5700$
London (UK)
One Week
Click Here
6-May-2018
10-May-2018
7500$
Istanbul (Turkey)
One Week
Click Here
27-May-2018
31-May-2018
4700$
Dubai (UAE)
One Week
Click Here
6-May-2018
10-May-2018
6950$
Paris (France)
One Week
Click Here
17-Jun-2018
21-Jun-2018
4700$
Kuala Lumpur (Malaysia)
One Week
Click Here
10-Jun-2018
14-Jun-2018
5700$
London (UK)
One Week
Click Here
8-Jul-2018
12-Jul-2018
7500$
Istanbul (Turkey)
One Week
Click Here
15-Jul-2018
19-Jul-2018
4700$
Dubai (UAE)
One Week
Click Here
8-Jul-2018
12-Jul-2018
6950$
Paris (France)
One Week
Click Here
26-Aug-2018
30-Aug-2018
4700$
Kuala Lumpur (Malaysia)
One Week
Click Here
5-Aug-2018
9-Aug-2018
5700$
London (UK)
One Week
Click Here
2-Sep-2018
6-Sep-2018
7500$
Istanbul (Turkey)
One Week
Click Here
9-Sep-2018
13-Sep-2018
4700$
Dubai (UAE)
One Week
Click Here
2-Sep-2018
6-Sep-2018
6950$
Paris (France)
One Week
Click Here
21-Oct-2018
25-Oct-2018
4700$
Kuala Lumpur (Malaysia)
One Week
Click Here
28-Oct-2018
1-Nov-2018
5700$
London (UK)
One Week
Click Here
25-Nov-2018
29-Nov-2018
7500$
Istanbul (Turkey)
One Week
Click Here
4-Nov-2018
8-Nov-2018
4700$
Dubai (UAE)
One Week
Click Here
25-Nov-2018
29-Nov-2018
4700$
Kuala Lumpur (Malaysia)
One Week
Click Here
9-Dec-2018
13-Dec-2018
4700$
Kuala Lumpur (Malaysia)
One Week
Click Here
16-Dec-2018
20-Dec-2018
5700$
London (UK)
One Week
Click Here
20-Jan-2019
24-Jan-2019
7500$
Istanbul (Turkey)
One Week
Click Here
13-Jan-2019
17-Jan-2019
4700$
Dubai (UAE)
One Week
Click Here
20-Jan-2019
24-Jan-2019
6950$
Paris (France)
One Week
Click Here
3-Feb-2019
7-Feb-2019
4700$
Kuala Lumpur (Malaysia)
One Week
Click Here
24-Feb-2019
28-Feb-2019
5700$
London (UK)
One Week
Click Here

Intorduction

The estimating techniques covered in this course will provide delegates with the necessary skills to forecast accurately the anticipated costs of projects with a focus on estimates for pre-construction services, estimating sub-contractor work, estimating general conditions, pricing self-performed work, and estimating negotiated contracts.

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.

Objectives

  • Apply techniques used in Project estimating, from the conceptual stage to the final detailed estimate
  • Understand the different types of contracts based on the distribution of risk between contracting parties
  • Synthesize innovative incentive arrangements to get the best results from the contract
  • Apply proper risk analysis to effectively mitigate risks at minimal costs, and to determine appropriate contingencies for residual risks
  • Prepare lump-sum, unit-price, cost plus, and time-and-materials estimates and contracts

Content

Day One

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 Two

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 Three

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

Day Four

Approximate & Detailed Estimating Methods

  • Material Estimating
  • Civil/Construction Estimating
  • Labor estimating, Detailed estimating with labor crews
  • Procurement Management
  • Risk distribution in contracting
  • Project risk profiles

Day Five

Advanced Estimating Methods

  • Building Information Modeling (BIM)
  • Cost Estimating Relationships (CER)
  • Computer Estimating
  • Control Charts

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