Project Cost Estimation Techniques

Course Info

Length: 1 Week

Type: In Classroom

Available Dates

Venue

  • Oct-14-2024

    Paris

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    Singapore

  • Oct-21-2024

    Barcelona

  • Oct-21-2024

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  • Oct-28-2024

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    Dubai

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    Singapore

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    Paris

  • Sep-08-2025

    Singapore

  • Sep-08-2025

    Paris

  • Sep-14-2025

    London

  • Sep-14-2025

    Amsterdam

  • Sep-15-2025

    Amsterdam

  • Sep-15-2025

    London

  • Sep-21-2025

    Dubai

  • Sep-22-2025

    Dubai

  • Sep-28-2025

    Kuala Lumpur

  • Sep-28-2025

    Istanbul

  • Sep-28-2025

    Barcelona

  • Sep-29-2025

    Barcelona

  • Sep-29-2025

    Kuala Lumpur

  • Sep-29-2025

    Istanbul

  • Oct-05-2025

    Kuala Lumpur

  • Oct-05-2025

    Istanbul

  • Oct-06-2025

    Istanbul

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    Kuala Lumpur

  • Oct-12-2025

    Singapore

  • Oct-12-2025

    Paris

  • Oct-13-2025

    Paris

  • Oct-13-2025

    Singapore

  • Oct-19-2025

    London

  • Oct-19-2025

    Amsterdam

  • Oct-20-2025

    London

  • Oct-20-2025

    Amsterdam

  • Oct-26-2025

    Barcelona

  • Oct-26-2025

    Dubai

  • Oct-27-2025

    Dubai

  • Oct-27-2025

    Barcelona

  • Nov-02-2025

    Istanbul

  • Nov-02-2025

    Kuala Lumpur

  • Nov-03-2025

    Kuala Lumpur

  • Nov-03-2025

    Istanbul

  • Nov-09-2025

    Paris

  • Nov-09-2025

    Singapore

  • Nov-10-2025

    Singapore

  • Nov-10-2025

    Paris

  • Nov-16-2025

    London

  • Nov-16-2025

    Amsterdam

  • Nov-17-2025

    London

  • Nov-17-2025

    Amsterdam

  • Nov-23-2025

    Barcelona

  • Nov-23-2025

    Dubai

  • Nov-24-2025

    Barcelona

  • Nov-24-2025

    Dubai

  • Nov-30-2025

    Istanbul

  • Nov-30-2025

    Kuala Lumpur

  • Dec-01-2025

    Istanbul

  • Dec-01-2025

    Kuala Lumpur

  • Dec-07-2025

    Singapore

  • Dec-07-2025

    Paris

  • Dec-08-2025

    Singapore

  • Dec-08-2025

    Paris

  • Dec-14-2025

    London

  • Dec-14-2025

    Amsterdam

  • Dec-15-2025

    London

  • Dec-15-2025

    Amsterdam

  • Dec-21-2025

    Dubai

  • Dec-22-2025

    Dubai

  • Dec-28-2025

    Kuala Lumpur

  • Dec-28-2025

    Istanbul

  • Dec-28-2025

    Barcelona

  • Dec-29-2025

    Kuala Lumpur

  • Dec-29-2025

    Istanbul

  • Dec-29-2025

    Barcelona

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