TRAINING.

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

Regina, Saskatchewan /
Jan 25 - 26, 2021 /
Course Code: 11-0102-2386

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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

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.

M. Kesserwany est gestionnaire sénior de projets d’ingénierie et de construction, cumulant plus de 23 années d’expérience en gestion de projets nationaux et internationaux.

Il a une expérience de 13 ans d’enseignement et d’animation de cours en gestion de projets, gestion de la construction, planification et l’application des logiciels Primavera et Msproject.

Ses habilités relationnelles ainsi que ses compétences approfondies et élargies de la gestion de projets ont démontré ses performances en Gestion de projets et gérance de construction, Gestion du Design, Contrôle de projet (coût-délais-qualité), Préparation des activités d’appel d’offres, Analyse de la valeur, Optimisation de l’échéancier, Établissement de budget, Tendance des coûts, Gestion des programmes fonctionnels et techniques, Administration de contrats (FIDIC, AIA et contrats gouvernementaux) et Prévention des litiges et réclamations.



Venue

To be announced

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

Hotel Saskatchewan Radisson Plaza
2125 Victoria Avenue
Regina SK  S4P 0S3

DoubleTree by Hilton Regina
1975 Broad St
Regina SK  S4P 1Y2

Double Tree by Hilton Regina
1975 Broad St,
Regina SK  S4P 1Y2

Hampton Inn & Suites by Hilton Regina East Gate
3830 East Gate Drive
Regina SK  S4Z 1A5

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
Early Registration Fee:

$1495 + taxes

Fee after December 18, 2020:

$1695 + taxes

  • 1.4 Continuing Education Units (CEUs)
  • 14 Professional Development Hours (PDHs)
  • ECAA Annual Professional Development Points
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Canada Job Grant
The cost of this course could be covered by Canada Job Grant.

Your company may be eligible for funding! LEARN MORE
On-Site Training
This course can be customized and delivered to your group of staff at your facility, saving time and money.
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OTHER LOCATIONS
Cost Engineering - Effective Estimating and Cost Control of Engineering and Construction Projects   Ottawa | Jan 27 - 28, 2021 _________________________________
Cost Engineering - Effective Estimating and Cost Control of Engineering and Construction Projects   Calgary | Feb 22 - 23, 2021 _________________________________
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