Project Cost Estimating, Budgeting & Value Engineering Skills
Course Info
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Course Details
Introduction
Objective
Who should attend
Course Location
The decision to proceed with a project is often based almost exclusively on early conceptual cost estimates. These estimates provide the basis for the cash flow projections and budget forecasts used during the project feasibility study. Unreliable cost estimates can result in significant cost overruns later in the project when it is too late to contain them.
Project Cost Estimating, Budgeting & Value Engineering Skills training course will provide the delegates with the necessary skills for accurately estimating the total cost of their proposed projects, eliminating unnecessary costs, linking cost estimates to selected procurement methods, and enhancing the overall value of project delivery.
This10 days course offers a series of estimating techniques and processes to forecast the anticipated costs of projects with a focus on budget estimates accurately, estimates for pre-construction services, estimating contractor and sub-contractor work, estimating general conditions, pricing self-performed work, estimating negotiated contracts and performing lump-sum and unit-price estimates
Course Outline
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
