Project Cost Estimation Techniques
Course Info
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Course Details
Introduction
Objective
Who should attend
Projects cannot be successful without accurate and timely project cost estimating. Estimating is a practice that occurs throughout the project management lifecycle, and so it must be done effectively and efficiently.
Cost estimation is an approximate method of knowing the cost of a program, project or operation. It is a product of a cost estimation process.
Project Cost Estimating Techniques training course will provide the skills to correctly/accurately cost estimate a project and prepare budget reports based on it.
The estimating techniques in this course will provide delegates with the necessary skills to forecast accurately the anticipated costs of projects with a focus on estimates for pre-construction services, estimating sub-contractor work, estimating general conditions, pricing self-performed work, and estimating negotiated contracts.
Course Outline
The methodology of Cost Estimation
- Fundamental information about project management
- Setting up projects for success
- Importance of cost management and cost control in projects
- Methods of cost selection and resource and cost allocation
- Understanding project management data and how to apply cost estimation
