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Contract Cost and Price Analysis

PMCM-433

Course Code

5 Days

Duration

4

Upcoming Dates

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Sector Name

Project & Contract Management

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21 Dec 2026 | 25 Dec 2026
Dubai, UAE
$4,250
Limited Seats
14 Mar 2027 | 18 Mar 2027
Riyadh, KSA
$4,250
Upcoming
19 Apr 2027 | 23 Apr 2027
Vienna, Austria
$4,950
Upcoming
30 Aug 2027 | 03 Sept 2027
Abu Dhabi, UAE
$4,250
Upcoming

Course Introduction

Obtaining fair and reasonable pricing from contractors and suppliers is a primary objective for all businesses and governments. Evaluating prices through Cost and Price analysis is an essential skill set in meeting these objectives. Those involved in these activities understand well the significant challenges in this ever-changing business environment, and also that there exist significant opportunities for improvement by providing best practice competencies to all those involved in contract and procurement activities.

Course Objectives

  • Understand the Importance Of Price/Cost Analysis In Continuous Improvement Programmes
  • Recognize The Difference Between Price And Cost Analysis
  • Define Criteria For Selecting The Analysis Type
  • Explore the Methods Of Price Analysis
  • Gain Knowledge of Supplier Strategic Alliances
  • Gain Analytical Tools for Cost Drivers
  • Understand the Methods Of Cost Analysis
  • Develop "Should Cost"
  • Understand the Types Of TCO Models
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