PROJECT COST ENGINEERING OVERVIEW
Join On Event :
| Event | Start | End | Instructor | Location | Registration |
|---|---|---|---|---|---|
| Project Cost Engineering Overview | 20-Oct | 24-Oct | instructor |
Details :
Project cost engineering
program will equip participant with the skill and knowledge to control cost in
there projects. They will learn the basics of cost estimating, cost control and
planning. It is recognized that improving cost engineering capabilities within
industry contributes to the development of affordable products and
technologies. There is growing demand at local, national and international
levels to impart cost and affordability engineering knowledge to support
organisations that seek high quality cost engineers.
The program is in alignment
with the American Association of Cost Engineers Standard. This training course
will provide participants with a thorough background in the concepts of total
cost management and cost engineering. The course addresses area of Total Cost
Management through planning and controlling resources, costs, profitability and
risk. i.e managing cost throughout the life cycle of any enterprise, program,
facility, project, product or service. The course covers the application of
cost engineering and cost management principles, proven methodologies and the
latest technology in support of the management process. Practical sessions will
provide hands-on experience.
BENEFITS OF
COST ENGINEERING TO INDIVIDUALS
Ø Learn how to
prepare professional proposals, value engineering ideas, claims or budgets
Ø Learn
methodologies and tools for effective estimating, budgeting, cost control and
value engineering
Ø Practice of
standardized methods, procedures, knowledgebase and checklist
Ø Obtain
knowledge on project control implementation, monitoring and evaluation tools
Ø Learn
techniques that ensures survival in a competitive market
Ø Ability to
provide a means to bridge the gap from the theory to real life Implementation.
Ø Perform Value
Analysis on your projects
Ø Creation of
fully cost and resource loaded schedules
Ø Understanding
Activity Based Costing (ABC) and Activity Based Management (ABM)
BENEFITS OF
PROJECT COST ENGINEERING TO ORGANIZATIONS
Ø Competency
Building in existing employees
Ø Competency
building where existing employees is promoted
Ø Good
Management Practices
Ø Organizations’
Strategic Objectives
Ø Understanding
relevant needs of the stakeholders and clients
Ø Understanding
opportunities to Exceed Stakeholder/ Customer Expectations
Ø Competency by
employees to exercise Technical Knowledge, Skills and Competencies
this course is targeted for all business enterprises, construction, factories and all levels from chief executive officers, finance managers, human resources managers, project managers, site engineers, planners and cost control engineers
MODULE 1 – COST
• Cost Elements
• Pricing
• Materials
• Labor
• Engineering
• Equipment, Parts, and Tools
• Economic costs
• Activity Based Cost Management
MODULE 2 – COST ESTIMATING
• Estimating
• Process product Manufacturing
• Discrete Product Manufacturing
MODULE 3 – PLANNING & SCHEDULING
• Planning
• Scheduling
MODULE 4 – P R O G R E S S & C O S T CONTROL (EARNED VALUE MANAGEMENT)
• Progress Measurement and Earned Value
• Earned Value for Variable Budgets
• Tracking Cost and schedule performance
• Performance and Productivity Management
MODULE 5 – PROJECT MANAGEMENT
• Project Management
• Project organization Structure
• Project Planning
• Project Labor cost control
• Leadership and Management of Project People
• Quality Management
• Value Analysis
• Contracting for Capital Projects
• Strategic Asset Management
Module 6 Engineering Economics
• Basic Engineering Economics
• Applied Engineering Economics
MODULE 7 – STATISTICS, PROBABILITY & RISK
• Statistics & Probability
• Basic Concepts in Descriptive Statistics
• Risk Management
- All lectures are in colorful presentation
- All lectures are interspersed with interactive discussion
- All lectures include group discussion, case history and exercises
- Actual major incidents as well as industry experience are reviewed
- Participants receive a multicolor course manual
- Pictures of real incidents and case history are shown
- Videos on the subject are shown
Daily from 09:00 – 14:30 including coffee breaks