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Cost Estimating Essentials

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Cost Estimating Essentials

Uploaded by

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Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Cost Estimating

Essentials Course
Cost Estimating from A to Z

Cost estimation is a dynamic field as part of ever evolving project cost management industry. The
estimating methodologies keep changing as the possibilities to collect and analyse project data
expands with technological advancements.

Whether you are a project manager or a cost estimator, it is essential to keep your cost estimating
skills relevant to the changing environment to advance in your career.

About the course


Cost Estimating Essentials course by Cost Engineering Academy covers A to Z of cost estimation. You will
learn terminology and approaches for different aspects of cost estimating while also learning how to apply
them in your everyday work.

On the first day, you will learn about specific approaches to cost estimating and their related terms. You
will also learn the estimation types and classifications that can be used at certain stages of your projects.
The second and third days focus on detailed and factor estimating, the two main estimating techniques
and how to apply them.

The fourth and final day focuses on estimating the cost of the actual engineering work. This means that,
together with estimating methods, you will be able to keep the cost down for your engineering phases, and
as a result of this, you will be able to prevent budget overruns.

Cost Estimating Essentials Course


Who should attend? Recommended for
This course is suitable for project team members „ Project manager / director;
who are looking to establish a robust command „ Finance project executive / manager;
of cost estimating concepts and techniques. „ Project engineer;
Experienced cost estimators who need to keep „ Cost estimator;
their cost estimation knowledge and skills up- „ Project cost engineer;
to-date and relevant would benefit from this „ Discipline leads;
course. Also, the individuals interested in getting a „ Members of the purchase department;
comprehensive understanding of cost estimation „ Members of a tendering team;
are recommended to attend. „ Work preparators
„ All who are involved in technical projects, cost
We encourage executives and managers to attend estimation, cost control and planning and
the course together with their teams to take full contract review in their organizations
advantage of the learning opportunity and for a
successful implementation.

What you will learn Day 3: Factor Estimating


Day 1: Introduction to Cost Engineering „ Different factor estimating methods;
„ The basic definitions of and ties between cost „ Advantages and disadvantages;
estimation, cost control and planning; „ Quantitative estimating method;
„ Various contract forms; „ Estimating of equipment.
„ The position of estimating in each phase of the
lifecycle of a project; Day 4: Estimating of Engineering
„ Definitions within estimating; „ Engineering activities;
„ Value Engineering. „ Engineering effort in engineering phases;
„ Methods of estimating engineering;
Day 2: Detail Estimating „ •Detailed approach per discipline.
„ 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.

Cost Estimating Essentials Course


Course Details

Duration Drinks & Lunch Included


clock mug-hot
The duration of this course is four Drinks & lunch are included in the price. All
consecutive days. Every day will start at 9:00 other costs, like travel and accommodation,
and end at approximately 17:00. are not included in the price.

Locations Requirements
map-marker-alt book
Cleopatra Enterprise office in Zwijndrecht, Basic understanding of projects, maintenance
The Netherlands – easily reachable from or turnarounds. No specific educational
Amsterdam Schiphol airport by public requirements are defined.
transportation.

Please inquire for the possibilities to follow


this course at your location.

Language Price
comments money-bill
Course material is in English. Lessons are € 2.250,-
taught in Dutch in case all participants speak
Dutch.

Contact us Upcoming dates &


[email protected] online registration
Send us a message for more information or call For upcoming dates and online registration of this
+31 (0)78 - 620 0910 to contact us directly. course, please visit
https://www.costengineeringacademy.eu/

Cost Estimating Essentials Course

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