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

Online /
Mar 5 - 6, 2025 /
Course Code: 15-0307-ONL25

The confirmation of this course depends on early registration; Register early to avoid the postponement or cancellation of a course.
  • Overview
  • Syllabus
  • Instructor


Please note, This instructor-led course has specific dates and times:
This course is held online over 2 days on the following schedule (All times in Eastern Time Zone):

10 am to 6 pm Eastern (Will include the usual breaks)

After participating in this course, you will be able to:

  • Apply the basics of project execution and control: Plan and manage project activities effectively.
  • Understand estimates and prepare control budgets: Create accurate estimates and control budgets.
  • Prepare meaningful cost reports: Generate detailed cost reports for financial insights.
  • Use project schedules: Develop and manage project timelines efficiently.
  • Prepare cash flow forecasts and calculate life-cycle costs: Forecast cash flows and assess long-term project 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 the hands-on application of use.

Who Should Attend
Those involved with cost estimating and controls:
Engineers • Technical staff • Project Managers • Construction Managers • Estimators

More Information

Time: 10:00 AM - 6:00 PM Eastern Time

Please note: You can check other time zones here.


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./ P.Eng.

Johny has 30+ years of 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.

The Engineering Institute of Canada

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Course Rating
4.2 out of 5

Overall rating of this course by its previous attendees!

Fee & Credits

$1295 + taxes

  • 1.4 Continuing Education Units (CEUs)
  • 14 Continuing Professional Development Hours (PDHs/CPDs)
  • 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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