Cost Engineering, Estimating & Control
Effective cost engineering and control are critical for the successful completion of capital projects. This 2-day “Cost Engineering, Estimating & Control Training” is designed to equip professionals with the necessary skills to manage the financial aspects of projects, ensuring they are completed on time, within budget, and with the expected level of quality. This comprehensive training will cover key principles of cost engineering, advanced estimation techniques, risk management strategies, and practical tools to control and optimize project costs.
1. Understand the fundamental principles of cost engineering and its importance in project management.
2. Learn various cost estimation techniques and methodologies.
3. Develop skills to effectively control and manage project costs.
4. Identify and assess cost-related risks and implement mitigation strategies.
5. Gain proficiency in advanced cost estimation tools and software.
1. Engineers or executives with 3+ years of experience
2. Project leaders and managers
3. Cost estimators and budget planners
4. Project and cost engineers
5. Contract managers and administrators
6. Finance and commercial managers
7. Human resources and IT managers
1. Interactive Lectures: To explain theoretical concepts of Lean Manufacturing Systems.
2. Case Studies: To provide real-world examples and applications.
3. Group Discussions: To facilitate sharing of ideas and experiences.
4. Practical Exercises: To apply lean tools and techniques in simulated environments.
5. Q&A Sessions: To address specific questions and concerns of participants.
DAY 1
• Module 1 : Introduction to Cost Engineering
• Module 2 : Project Cost Estimation Techniques
• Module 3 : Cost Control and Management
• Module 4 : Risk Management in Cost Engineering
DAY 2
• Module 5 : Practical Exercise: Estimation and Budgeting Case Study
• Module 6 : Life Cycle Cost Analysis (LCCA)
• Module 7 : Value Engineering and Value Analysis
• Module 8 : Cost Control in Manufacturing Projects
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