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Introduction

The cost of a project is the most significant factor in its becoming a reality.
Costs are dealt with at the beginning of a project by preparing a “budget cost estimate” incorporating relevant historical cost data and the creative skill of a seasoned estimator with similar project experience.
This is the most important, as well as the most difficult, type of estimate to prepare accurately.
As a project evolves through the normal design process, additional evaluations of cost are made.
These cost estimates are done as precisely as possible and include appropriate contingencies for unknown items. The "concept estimate" helps to control the project early in the design process to stay within budget.
As a part of the conceptual design process, building system alternatives are identified.
Life cycle costing is a method which compares both the construction cost as well as the operating costs (energy, water, maintenance, major replacements, staffing) of these alternatives.
Using engineering economics, the lowest life cycle cost alternative is identified for incorporation in the design.

Objectives

This course will provide a basis for the many areas of estimating that may be faced by the design and construction professional.
It will provide "hands on" examples to facilitate a familiarity with different types of estimates and their components. With this basis, a person, through research, study, and practical application, can further expand their cost estimating skills relative to their own profession or branch out into new areas of estimating.
Other methods of cost control, such as value engineering will also be discussed briefly.

Who Should Attend?

This course is targeted for Chief Executive Officers, Finance Managers, Human Resources Managers, Project Managers, Engineers and Planners, Information Technology Managers.

Training Method

• Pre-assessment
• Live group instruction
• Use of real-world examples, case studies and exercises
• Interactive participation and discussion
• Power point presentation, LCD and flip chart
• Group activities and tests
• Each participant receives a 7” Tablet containing a copy of the presentation, slides and handouts
• Post-assessment

Program Support

This program is supported by:
* Interactive discussions
* Role-play
* Case studies and highlight the techniques available to the participants.

Course Agenda

The course agenda will be as follows:
• Technical Session 08.30-10.00 am
• Coffee Break 10.00-10.15 am
• Technical Session 10.15-12.15 noon
• Coffee Break 12.15-12.45 pm
• Technical Session 12.45-02.30 pm
• Course Ends 02.30 pm