Why Choose this Training Course

You will learn more specific approaches to estimating and their related terms. You will also learn what estimates can be used at what stages of your projects. This makes this cost estimating training a great course for project managers. As this cost estimating course emphasizes practical experience as well as theoretical knowledge, a number of small cases will be prepared during the course. This helps you familiarize with the knowledge you have just gained and apply it to real world situations. Cost overruns are the last thinga prooject manager need during the volatile economic times when budgets need to be strictly adhered to as much as possible. The first step in successfully managing project costs is to prepare estimates and budgets that can realistically reflect the costs of project execution.

A quality estimate is the first step to keeping the costs of the project within the budget. But any first step needs a follow-up to be successful. A good understanding of the different project phases and the estimating methodologies that can be used for each phase is crucial. This comprehensive and intensive 2 day workshop will equip delegates with the approaches and techniques required to prepare quality estimates and execute cost control and manage the costs of the project, keeping it within the budget

We are also a proud member of the Energy Institute of UK.

Who Should Attend

• Project manager / director
• Finance project executive / manager
• Project engineer
• Cost estimator
• Project cost engineer
• Discipline leads
• Members of the purchase department
• Members of a tendering team
• Work preparators
• All who are involved in technical projects, cost estimation, cost control and planning and contract review in their organizations

Key Learning Objectives

• MANAGE time and cost savings by implementing a cost engineering program to suit your project’s requirements
• AVOID costly and time consuming critical mistakes due to poorly prepared estimates
• MASTER cutting edge cost engineering practices and methodologies to handle different and uncertain project situations
• IMPROVE cost accuracy control to maintain cost performance and MAXIMISE your project’s bottom-line
• FORECAST your project’s balance log to estimate remaining costs and plan for its close-out phase.
• PLAN for cost contingency while maintaining risk management controls to ensure the safety of your project

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