TRAINING.

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

Online /
Jan 25 - 27, 2021 /
Course Code: 11-0114-ONL21

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  • Overview
  • Syllabus
  • Instructor

Overview

Please Note:
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Day 1: 10:30am-1:45pm; 3pm-5pm (Eastern)
Day 2: 10:30am-1:45pm; 3pm-5pm (Eastern)
Day 3: 10:30am-3pm with a 30 minute break (Eastern)
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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

More Information

Time: 10:30 AM - 5:00 PM Eastern Time


Please note: You can check other time zones here.

Syllabus

Please Note:
*********************************************************************************
Day 1: 10:30am-1:45pm; 3pm-5pm (Eastern)
Day 2: 10:30am-1:45pm; 3pm-5pm (Eastern)
Day 3: 10:30am-3pm with a 30 minute break (Eastern)
*********************************************************************************

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.

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Course Rating
4.3 out of 5

Overall rating of this course by its previous attendees!

Fee & Credits

$1295 + taxes

  • 1.4 Continuing Education Units (CEUs)
  • 14 Professional Development Hours (PDHs)
  • ECAA Annual Professional Development Points
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