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Course rating of 3 Vendor rating of 5


This seminar examines the key concepts of cost engineering including estimating, risk analysis, cost control, scheduling and change management to achieve best value for investments and expenditures.


 
Course Outline

After participating in this course, you will be able to:
€¢ discover the basics of project execution and project control
€¢ be able to understand estimates and prepare control budgets
€¢ prepare meaningful cost reports
€¢ get insight into change management, trends and change orders
€¢ use project schedules
€¢ prepare cash flow forecasts
€¢ assist in value engineering studies
€¢ calculate life cycle costs

Description
Project leaders and technical staff who are charged with delivering tangible results in their areas of responsibility require objective cost assessments for funding and control decisions on ongoing basis. The business purpose of the cost engineering function is to provide these assessments early and reliably, so that better decision may be made.

This seminar examines the key concepts of cost engineering including estimating, risk analysis, cost control, scheduling and change management to achieve best value for investments and expenditures. It provides methodologies, procedures and tools (e.g. tables, forms) to do the work, along with hands-on experience on their use. Participants will be in a position to use these tools and procedures starting immediately to meet success criteria of current activities.

Objectives
To provide an understanding of the key concepts of cost engineering and where/how they should be applied. To provide proven, effective cost estimating and control methods. To enable participants to prepare simple estimates and assess/mitigate risk by utilizing appropriate sources, and to use these data plus forecasting techniques for cost control.   

Who Should Attend
Engineers, technical staff, project managers, construction managers, entry level estimators and others who wish to increase their mastery of cost estimating and control.

You Will Receive
The course also includes a copy of the text book, Construction Budgeting, 2nd Edition

Program Outline

Day I

Welcome, Introduction, Workshop 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

Day II

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

Daily Schedule:
8:00   Registration and coffee (first day only)
8:30   Session begins
12:00 Lunch 
4:30   Adjournment

There will be a one-hour lunch break each day in addition to a refreshment and networking break during each morning and afternoon session.

Faculty

Johny Kesserwany, P.Eng., has 18 years 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.
Prerequisites & Certificates
Pre-Requisites

Certificates offered

1.4 CEUs / 14 PDHs


Cancellation Policy
To withdraw from a course, you must send a request, in writing, with the official receipt to our office. Fifteen or more business days in advance: full refund less $50.00 administration charge. Five to fifteen business days in advance: non-refundable credit of equal value for any future EPIC seminar within one year. Credits are transferable within your organization. In case of an unexpected event occurring after this time, you may send someone else to take your place without any additional cost.
Map & Reviews
EPIC Educational Program Innovations Center
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Reviews
 

We have not received any reviews specific to this course as yet, however here are some reviews of the training vendor.

The course was very well presented and the course instructor was absolutely amazing.
Reviewed by 2013
Our instructor, Stephen Lamming, was outstanding and a true expert in his field. He was able to complement the technical air monitoring information with practical real life examples which was highly beneficial. He is an excellent communicator and was highly interactive with the course attendees. This course was recommended to me because Stephen Lamming does an outstanding job. I was very impressed with this course and have subsequently recommended it to my colleagues.
Reviewed by 2012
Would have liked more interactive problem solving.
Reviewed by 2011
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This course currently does not have any dates scheduled. Please call 1-877-313-8881 to enquire about future dates or scheduling a private, in house course for your team.

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