The late delivery of projects have become the scourge of project professionals worldwide. Countless numbers of projects undertaken by organizations in the private and public sectors significantly overrun the project schedule and budget, and as a consequence fail to achieve the organization's financial and strategic objectives, often with sizable increases in costs and with substantial financial losses to the organization. Why?
This is due mainly to the failure of many project professionals to successfully apply the tools and techniques of modern project planning, scheduling and control to their projects. Likewise, the development of reliable cost estimates during the design and early conceptual stages of a proposed project are of critical importance to the success of the project.
The decision to proceed with a project is often based almost exclusively on early conceptual cost estimates, and these estimates provide the basis for the cash flow projections and forecasts used during the project feasibility study. Unreliable cost estimates can result in significant cost overruns later in the project life when it is too late to contain them.
In addition to the potential financial losses suffered by the organization, many such projects subsequently fail to deliver the required quality of outcomes intended for the project as a direct consequence of poor estimating. Budgeting inaccuracies inevitably result in lower quality workmanship and materials.
The estimating techniques and processes covered in this course will provide delegates with the necessary skills to forecast accurately the anticipated costs of projects with a focus on budget estimates, estimates for pre-construction services, estimating contractor and sub-contractor work, estimating general conditions, pricing self-performed work, estimating negotiated contracts, and performing lump sum and unit-price estimates.
This brand new day course will significantly enhance the skills and knowledge of delegates and improve their ability to properly plan and schedule their projects, as well as perform estimates at both the conceptual and detailed levels, and to compare feasible alternatives quickly and efficiently.
This comprehensive programme consists of two modules which can be booked as a Training event, or as individual
Module 1 - Project Scheduling & Contingency Planning Skills
Module 2 - Project Cost Estimating Skills
The Primary Objectives of the Seminar are to help delegates to:
This course is designed for project planning engineers, project cost estimators, project designers, project planners and schedulers, contracts professionals, project procurement and purchasing staff, and project control and business services professionals who have the responsibility for preparing cost estimates and project proposals in client and contracting companies.
Delegates will develop advanced project management planning, performance and control, and cost estimating and management skills and knowledge through formal and interactive learning methods. The program includes individual exercises, team projects, applicable case studies, group discussions and video material that bring to life the skills acquired throughout the course.
The material has been designed to enable delegates to apply all of the material with immediate effect at the office.
Additionally, the seminar does not assume prior knowledge of the topics covered in the course. New concepts and tools are introduced gradually to enable delegates to progress from the fundamental to the advanced concepts of project risk management.
This intensive seminar will provide delegates with a proven set of critical skills and techniques for the development a systematic and dynamic project plan and schedule, as well as the ability and skills to develop accurate and reliable conceptual and detailed estimates used for project proposals and final estimates. This will enable delegates to:
The Core Competencies
The Programme Content
Module 1: Project Scheduling & Contingency Planning Skills
Project Scope Planning and Definition (Fundamentals)
Project Schedule Planning and Critical Path Method
Resource Allocation and Resource Levelling
Accelerating the Project Schedule
Project Contingency Planning
Line of Balance Scheduling - The Planning of Recurring Activities
Project Execution Management, Control and Reporting
Project Recovery Plan Development
Module 2: Project Cost Estimating Skills
Cost Estimating Basics
Broad Scope Cost Estimating Techniques
Budget Estimating Process
Bid Contract Estimating Process
Unit Price Estimates
Negotiated Contract Estimating
Contract Types and Compensation Arrangements
Narrow Scope Cost Estimating Techniques
European Quality for Training and Consultancy is certified
All rights reserved