Project Cost Estimation Techniques

Course Info

Length: 1 Week

City: Kuala Lumpur

Type: In Classroom

Available Dates

  • July-01-2024

    Kuala Lumpur

  • July-22-2024

    Kuala Lumpur

  • Aug-05-2024

    Kuala Lumpur

  • Sep-02-2024

    Kuala Lumpur

  • Sep-23-2024

    Kuala Lumpur

  • Oct-07-2024

    Kuala Lumpur

  • Nov-04-2024

    Kuala Lumpur

  • Dec-02-2024

    Kuala Lumpur

  • Dec-23-2024

    Kuala Lumpur

Dates in Other Venues

  • June-17-2024

    Dubai

  • June-17-2024

    Barcelona

  • June-24-2024

    London

  • June-24-2024

    Amsterdam

  • July-01-2024

    Istanbul

  • July-08-2024

    Singapore

  • July-08-2024

    Paris

  • July-15-2024

    Barcelona

  • July-15-2024

    Dubai

  • July-22-2024

    Amsterdam

  • July-29-2024

    London

  • July-29-2024

    Istanbul

  • Aug-05-2024

    Istanbul

  • Aug-12-2024

    Singapore

  • Aug-12-2024

    Paris

  • Aug-19-2024

    Dubai

  • Aug-19-2024

    Barcelona

  • Aug-26-2024

    London

  • Aug-26-2024

    Amsterdam

  • Sep-02-2024

    Istanbul

  • Sep-09-2024

    Singapore

  • Sep-09-2024

    Paris

  • Sep-16-2024

    Dubai

  • Sep-16-2024

    Barcelona

  • Sep-23-2024

    Amsterdam

  • Sep-30-2024

    London

  • Oct-07-2024

    Istanbul

  • Oct-14-2024

    Singapore

  • Oct-14-2024

    Paris

  • Oct-21-2024

    Dubai

  • Oct-21-2024

    Barcelona

  • Oct-28-2024

    Istanbul

  • Oct-28-2024

    Amsterdam

  • Oct-28-2024

    London

  • Nov-04-2024

    Istanbul

  • Nov-11-2024

    Paris

  • Nov-11-2024

    Singapore

  • Nov-18-2024

    Barcelona

  • Nov-18-2024

    Dubai

  • Nov-25-2024

    London

  • Nov-25-2024

    Amsterdam

  • Dec-02-2024

    Istanbul

  • Dec-09-2024

    Singapore

  • Dec-09-2024

    Paris

  • Dec-16-2024

    Dubai

  • Dec-16-2024

    Barcelona

  • Dec-23-2024

    Amsterdam

  • Dec-30-2024

    London

  • Dec-30-2024

    Istanbul

Course Details

Course Outline

5 days course

 

The methodology of Cost Estimation

 

  • Fundamental information about project management
  • Setting up projects for success
  • Importance of cost management and cost control in projects
  • Methods of cost selection and resource and cost allocation
  • Understanding project management data and how to apply cost estimation

 

Cost Analysis, Contracts and Risk Distribution

 

  • Methods of Cost budgeting
  • Understanding the requirements of resource
  • Difference between “Direct costs” and “Indirect costs”
  • Concept of risk distribution in contracting and allocation of risk in contracts
  • Types of contracts in cost estimation/budgeting

 

Construction Cost Estimation Methods

 

  • Cost estimation of materials
  • Approximate method of estimation
  • Labour estimation and detailed cost estimation with labour
  • Methods of procurement management
  • Risk profiles in a project (estimation for probability of risks in a project)

 

Budgeting of Project and Cost Control

 

  • Analysis of risk
  • Understanding the concept of “Qualitative risk analysis” vs “Quantitative risk analysis”
  • Training on developing risk assessment matrix
  • Strategies and tools for risk response planning

 

Advanced Estimating Methods: BIM and CER

 

  • Building information modelling (BIM)
  • Technique of cost estimating relationship(CER)
  • Computer training on cost estimation and control charts
  • Concept of cash flow management
  • Review of the course and “Question and Answer session”

Course Video