COST ENGINEERING – EFFECTIVE ESTIMATING AND COST CONTROL OF TECHNICAL PROJECT

Content

 Cost Management Overview

• Fundamentals of Cost Control
• Project and Process Models for Development
• Roles and Responsibilities
• Budgeting/Cost Management

Cost Engineering Practices

• Definition and Types of Work Breakdown
• Comparing Elemental Costs to a Model
• Changes in the Workplace
• Structures and Outputs from the Process

Risk Management

• Categories of Risks
• Measurement for Risk Contingencies
• Mitigating Risk Phases for Risk Assessment
• How to Identify Risks and the Early Signs

Cost Control and Management

• Forecasting and Trending
• Cost Tracking Historical Costs
• Authorization for Cost Control and Expenditure
• Close-Out Procedures

Cost Estimating

• Total Cost Management (TCM) Techniques
• Capital, Operating and Cyclical Estimates
• Cost Monitoring
• Estimating Perspectives Hard and Soft Cost

Life Cycle Costing

• The Basic Elements
• Benefits and Uses
• Life Cycle Cost Worksheets

 FOR WHOM: All Engineers, Technical Staff, Project Managers, Construction Managers, Entry Level Estimators, Supervisors, Team Leaders, and Others who wishes to increase their mastery of cost estimating and control.

DATE:                   5th – 7th February, 2025

                                 30th July – 1st August, 2025