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)
MARR, rate of return & payback period
Interactive computer applications & the use of spreadsheet
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.