Cost Estimating Foundation
Course
In Rotterdam (Netherlands)
*Indicative price
Original amount in EUR:
2,980 €
Description
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Type
Intensive workshop
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Level
Advanced
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Languages
English
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Location
Rotterdam (Netherlands)
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Class hours
32h
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Duration
4 Days
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Start date
19/11/2024
A successful project starts with a well-founded estimate of the costs. The 4-day Cost Estimating Foundation course will teach you the basics of cost estimation. You will learn approaches for different aspects of the estimating profession and you will learn how to apply them in your daily work.
During this course we emphasize practical experience as well as theoretical knowledge. A number of small cases will be prepared during the course. This helps you get familiarized with the knowledge you have just gained and apply it to real world situations. At the end of the Cost Estimating Foundation course you will have:
- A basic understanding of the definitions of cost estimation, cost control and planning. You will also be able to read cost engineering reports and put it in the perspective of your project.
- The basic knowledge to prepare and evaluate estimates quicker and more accurately. This will immediately have its effect on the control you have on the cost of your project.
- The ability to make your own factor estimates and validate factor estimates prepared by others.
- The knowledge to identify major cost risks of engineering. Together with the estimating methods this means you will be able to estimate the engineering involved in your projects.
Facilities
Location
Start date
Start date
About this course
The Cost Estimating Foundation course is suitable for everyone who is part of any team that executes industrial projects. The course is aimed at: project managers/directors, finance project executives/managers, project engineers, cost estimators, project cost engineers, discipline leads, members of the purchase department, members of a tendering team, work preparators and all who are involved in technical projects, cost estimation, cost control and planning, and contract review in their organizations.
There are no specific requirements to successfully attend this course.
Certificate
Reviews
Subjects
- Cost Control
- Project
- Planning
- Engineering
- Cost engineering
- Project Management
- Project Control
- Cost Management
- Cost estimating
- Cost estimating foundation
Teachers and trainers (1)
International Management Forum IMF
publisher of distance learning courses and organizer
Course programme
Cost Engineering – introduction
- The basic definitions of and ties between cost estimation, cost control and planning
- Various contract forms
- The position of estimating in each phase of the project lifecycle
- Definitions within estimating
- Value engineering
DAY II
Detail Estimating
- Estimating methods
- Different approaches to estimating
- Principles of the quantitative method
- Buildup of unit rates
- Direct versus indirect
- Cases in preparing estimates by using various techniques for different disciplines
DAY III
Factor Estimating
- Different factor estimating methods
- Advantages and disadvantages of these methods
- Quantitative estimating method
- Estimating of equipment
DAY IV
Estimating of engineering
- Engineering activities
- Engineering effort in engineering phases
- Methods of estimating engineering
- Detailed approach per discipline
Cost Estimating Foundation
*Indicative price
Original amount in EUR:
2,980 €