Successful Project Cost Estimation & Control 2015

Key Topics

• Cost Estimating
  • Capital Project Process and Estimate Classification
  • Estimating Introduction
  • Structuring the Estimate
  • Estimate Preparation Workflow
  • Conceptual Estimating Methodologies
  • Overview of Estimating Methodologies
  • Exercise 2-Capacity Factored Estimate for Process Unit
  • Exercise 1-Capacity Factored Estimate for Process Equipment
  • Biases in Estimating
  • Exercise 3 - Equipment Factored Estimate for Process Unit
  • Estimate - Schedule Integration
  • Detailed Estimating
  • Estimating Uncertainty
  • Reliability Limitations/Estimate Accuracy
  • Estimate Quality Management
  • Presenting the Estimate
  • Estimating Knowledge Management
  • Exercise 4-Estimate Preparation for Sample Project
  • Issues with Estimating Mega-Projects
• Total Cost Management Overview
  • Asset and Project Lifecycles
  • Total Cost Management Process
  • Capital Investment
  • Organization and Leadership for TCM
  • TCM Knowledge Management
  • Project Control Process
  • Establishing and Communicating Goals and Objectives
  • Project Planning
• Cost Control
  • Planning
  • Total Cost Management (TCM) Overview
  • Budgeting
  • Establishing Baselines
  • Performance Measurement
  • Cost Accounting
  • Exercise 7-Performance Analysis
  • Performance Analysis
  • Exercise 8-Forecast Determination
  • Forecasting
  • Risk Fund Management
  • Change Management

Who should Attend

Attendees with job titles such as:

• Cost Engineers
• Cost Estimators
• Quantitative Surveyor
• Cost Controllers
• Project Head
• Project Director
• Project Engineer
• Project Manager