Cost Engineering – Effective Estimating and Cost Control for Technical Projects

Project leaders and technical staff charged with delivering tangible results require objective cost assessments for funding and control decisions. The business purpose of the cost engineering function is to provide these assessments early and reliably so that a better decision may be made.

This intensive course examines the key concepts of cost engineering, including estimating, risk analysis, cost control, scheduling and change management to achieve the best value for investments and expenditures. It also provides methodologies, procedures and tools, along with hands-on application of use.

• Apply the basics of project execution and control
• Understand estimates and prepare control budgets
• Prepare meaningful cost reports
• Use project schedules
• Prepare cash flow forecasts and calculate life-cycle costs