TRAINING.

Cost Engineering - Effective Estimating and Cost Control of Engineering and Construction Projects

Calgary, Alberta /
Feb 25 - 26, 2019 /
Course Code: 09-0203-2362

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  • Overview
  • Syllabus
  • Instructor
  • Location

Overview

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

Description
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.

Course Outline:

  • 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

Special Features:
The course also includes a copy of the text book, Construction Budgeting, 3rd Edition

More Information

Syllabus

Daily Schedule:
8:00 Registration and coffee (first day only)
8:30 Session begins
12:00 Lunch (provided)
4:30 Adjournment

There will be a one-hour lunch break each day in addition to a refreshment and networking break during each morning and afternoon session.

Day I

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

  • Definition
  • Basis of estimate
  • Types of estimate
  • Estimating accuracy
  • Estimating methodologies
  • Construction labour productivity
  • Indirect costs
  • Allowances and contingency

Day II

Cost Control

  • Elements of a good cost control system
  • Definitions
  • Work breakdown structure
  • Responsibilities and key elements
  • Forecasting
  • Reporting
  • Follow up and close out
  • Tools and techniques

Project Schedule

Scheduling Basics

Relationship with Cost

Cash Flow Forecasting

Life Cycle Costing and Value Engineering

  • Life cycle costing
  • Value engineering
  • Exercise

Final Review

  • Lessons learned
  • Certificates
  • Next steps

Questions and Answers and Feedback to Participants on Achievement of Learning Outcomes

Instructor

Johny 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.

Venue

To be announced

Although the venue is not officially confirmed, EPIC courses are generally held at the following location(s):

Hilton Garden Inn Calgary Airport
2335 Pegasus Rd NE
Calgary AB  T2E 8C3

Radisson Hotel & Conference Centre Calgary Airport
6620 36th ST NE
Calgary AB  T3J 4C8

Please confirm with EPIC that the venue has been officially confirmed before making any reservations or travel arrangements.

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Course Rating
4.2 out of 5

Overall rating of this course by its previous attendees!

Fee & Credits
  • 1.4 Continuing Education Units (CEUs)
  • 14 Professional Development Hours (PDHs)
Early Registration Fee:

$1495 + taxes

Fee after January 18, 2019:

$1595 + taxes

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