Why Attend This Training Course?
Project Planning & Cost Control course is designed to provide owners, managers, estimators, and field personnel with a general knowledge of the process of planning and controlling a project from beginning to end utilizing ways and means of monitoring, saving and controlling costs.
What Is The Training Course Methodology?
This training course methodology depends on enabling participants to interact and exchange experiences, explore their competencies and achieve their career aspirations, using forward-thinking training arts, such as theoretical lectures and/or open discussion to exchange opinions and experiences, scenarios, innovative thinking brainstorming. Participants will receive an agenda including training material as a reference, in addition to some extra notes and booklets.
Who Should Attend This Training Course?
This training course is designed the following levels:
Project Managers
Civil Engineers
Construction Managers
Contractors & Sub-contractors
Site engineers
What Are The Training Course Objectives?
The aim of this course is to enhance the knowledge & skills of the participants in the following topics and will include:
Understand the impact and methodology of construction cost control
Understand the benefits of good project cost control for successful project outcomes
Ways and means of minimizing and controlling costs on site
Use best practice to minimize costs and negative impacts
Describe a typical project cost management life cycle
Cost reporting systems - new technology in monitoring costs and reports
Understand the effect improper field reporting has on cost control
Explain the action required at each phase of the project cost management life cycle and understand the significance of each phase
Explain the key steps required to improve project estimates, budget and cost baselining, performance measurement and analysis, cost monitoring and control during project execution and interpreting and reporting project performance throughout a technical project life cycle
Understand the Contract process from bidding to project close-out
Specify key quantitative measures for determining the project performance using Earned Value Management (EVM)
What Is The Training Course Curriculum?
Estimating Definitions
Project life cycle
Purpose of estimates
Accuracy & probability
Allowances
Contingency and escalation
Money of the day/real term
Estimating plan/basis of estimate
Factor Estimating
Dentitions, advantages, and disadvantages
Exponent method
Cost per capacity method
Case study: factor estimating (I)
Quantity Ratio Estimating
Definitions, advantages, and disadvantages
Quantity ratios for piping
Quantity ratios for electrical & instrumentation
Quantity ratios for structural steel
Quantity ratios for civil, painting & insulation
Case study: quantity ratio estimating (II)
Parametric and Range Estimating
Nomenclature
Pareto's law
Critical elements and key questions
Range estimating input and simulation
Detailed estimating
Discipline estimating
Unit rates & sources of pricing
Estimating of equipment
Piping estimate
Insulation estimate
Civil estimate
Location Factors and Market Factors
How to set up a location factor
Location cost surveys
Steel- and commodity prices
Benchmarks
Indices
Cost modeling
Budgeting
Setting up a project budget
Cost breakdown structure
Project baseline
Contingency allocation
Work breakdown structure
Code of accounts
Interaction with contracting
Procurement
Why Cost Control
Pre-requisites for effective cost control
Cost control plan and procedures
Schedule control
Progress measurement
Earned value analysis/management
Project controls best practices
Integrated cost & schedule control
Project control tools
Risk Identification and Risk Workshops
Methodology
Attendants
Risk registers
Risk modeling
Cost risk analysis
Schedule risk analysis
Deterministic methodology
Probabilistic methodology
Risk analysis tools
Risk management
Risk Management and Analysis
Risk mitigation
Project risk management
Cost risk analysis
Ranges
Distributions
Correlation
Iterations
Uncertainties in duration
Critical path
Critical chain
ACAD Professional Certificate - APC
ACAD Training & Consulting uses the power of its network to bring about positive, tangible change. We champion the training courses profession and the interests of individuals, engaged in that profession, for the benefit of all. ACAD Professional Certificates are designed for those who are enthusiastic to challenge themselves to reach the extra mile. Participants who fully attend an APC course and successfully pass the exam on the last training day, will receive an ACAD Professional Certificate (APC). APC are regionally recognized and can be esteemed when applying for more senior roles in Egypt and MENA region.
Exam Details:
Duration: 1 hour | Multiple Choice | Closed book | Pass mark: 65%
Subscribe to our Newsletter to get the Latest News, Offers, and Insights.
This website uses cookies , including third party ones , to allow for analysis of how people use our website in order to improve your experience and our services . By continuing to use our website , you agree to the use of such cookies . Click here for more information on our Cooky policy , Privacy Policy