Cost Estimation in Industry

Code : FA017
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Why Attend This Training Course?
Cost Estimation in Industry course is designed to provide cost engineers, industrial 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 methodology illustrates the concepts involved in the above areas through practical consideration of actual real-life problems, as well as explanation of concepts by experts in area using video projectors and computer aided case studies based on practical applications. Participants will solve their system problem, where the trainee’s try to apply the skills learnt with guidance from our specialized experts. ACAD will provide participants a comprehensive assessment on the problems solved using the skills acquired in the training course.

Who Should Attend This Training Course?
This training course is designed for mid and top managers involved with engineering cost analysis & monitoring in both public & private sectors. In particular, acquisition & procurement supervisors, systems planners & engineers supervisors, engineers with management & budget responsibilities for long & short projects.

What Are The Training Course Objectives?
The objective of this course is to acquaint the participants with the concepts and tools of engineering methods in estimating the cost associated with a cost center to be able to evaluate cost of profiles, projects and bids in a dynamic way.

What Is The Training Course Curriculum?
Introduction: Overview of Engineering Cost Estimations
  • Cost elements in engineering projects
  • Cost structures for production and service systems
  • Some applications in engineering and public works projects
  • Case studies & their analysis using computer methods
Value of Money with Time
  • Cash flow and cash flow profile
  • Cashflow patterns-investment and returns
  • Equivalence of investment alternatives
  • Case study (I)
Computer Spreadsheet Applications using Graphics
  • Depreciation of Capital
  • Effect of depreciation on total cost centers
  • Balance between capital investments and inflation factors on commodities
  • Case study (II)
Efficiency Measures
  • MARR, rate of return & payback period
  • Interactive computer applications & the use of spreadsheet
  • Evaluation of alternatives
  • Determine planning horizon For each cost center
  • Analysis based on life cycle cost
Marginal Cost & Economics of Scale
  • Purchase and install versus leasing: a fresh look
  • Public sector decision making
  • MARR for public expenditures
  • Case studies and computer applications
  • Practical application

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Course Details
Personal Details
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%

Course Schedule

Course Location and Date

29 Nov - 03 Dec
Cairo | Instructor-led
$2000
5 Sessions

Course Location and Date

21 - 25 Mar 2021
Cairo | Instructor-led
$2250
5 Sessions

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