Cost Engineering - Effective Estimating and Cost Control of Engineering and Construction Projects
Jan 28 - 29, 2019 /
Course Code: 09-0102-2361
After participating in this course, you will be able to:
- 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
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 seminar 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.
- Professional associations and their role
- Cost estimating
- Project execution
- Cost control
- Project schedules
- Scheduling basics
- Relationship with Cost
- Cash flow forecasting
- Life-cycle costing
- Value engineering
Who Should Attend
Those involved with cost estimating and controls:
Engineers Technical staff Project Managers Construction Managers Estimators
The course also includes a copy of the text book, Construction Budgeting, 3rd Edition
8:00 Registration and coffee (first day only)
8:30 Session begins
12:00 Lunch (provided)
There will be a one-hour lunch break each day in addition to a refreshment and networking break during each morning and afternoon session.
Welcome, Introduction, Workshop Preview, Learning Outcomes and the Assessment Method
Professional Associations and their Role
- AACEI and CIQS
- Professional qualifications
Project Execution Basics
- Definition and examples of projects
- Phases of a project
Cost Estimating Basics
- Basis of estimate
- Types of estimate
- Estimating accuracy
- Estimating methodologies
- Construction labour productivity
- Indirect costs
- Allowances and contingency
- Elements of a good cost control system
- Work breakdown structure
- Responsibilities and key elements
- Follow up and close out
- Tools and techniques
Relationship with Cost
Cash Flow Forecasting
Life Cycle Costing and Value Engineering
- Life cycle costing
- Value engineering
- Lessons learned
- Next steps
Questions and Answers and Feedback to Participants on Achievement of Learning Outcomes
InstructorJohny Kesserwany, ing.
Johny Kesserwany, P.Eng., has 25 years' experience in project management, design management, administration, and control management in Canada and internationally. He has worked on construction projects in the commercial, residential, healthcare, hotel and leisure, retail, industrial, railway, and infrastructure sectors.
Mr. Kesserwany has expertise in all project phases, including design review and management, tender management, estimating, planning and scheduling, time and resources management, budget analysis, cost control, and document control. He has extensive experience in contract administration (FIDIC, AIA, and government contracts) and a broad knowledge of claims assessment and avoidance.
In addition to teaching construction management, Mr. Kesserwany has previously lectured on project management, and Primavera and MS Project software applications.
To be announced
Although the venue is not officially confirmed, EPIC courses are generally held at the following location(s):
Hilton Garden Inn Ottawa Airport
2400 Alert Road
Ottawa ON K1V 1S1
Please confirm with EPIC that the venue has been officially confirmed before making any reservations or travel arrangements.
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Fee & Credits
- 1.4 Continuing Education Units (CEUs)
- 14 Professional Development Hours (PDHs)
$1595 + taxesFee after December 21, 2018:
$1695 + taxesRegister
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