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

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

  • Overview
  • Syllabus
  • Instructor


Please Note:
This course is held online over 3 days on the following schedule (All times in Eastern Time Zone):

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)

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 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.

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.


Please Note:
This course is held online over 3 days on the following schedule (All times in Eastern Time Zone):

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)

Welcome, Introduction, Course 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

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


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.


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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

Group Training
This course can be customized and delivered to your group of staff at your facility, saving time and money.
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Canada Job Grant
The cost of this course could be covered by Canada Job Grant.

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