Cost Estimating Foundation

In this 4-day Cost Estimating training you will learn the basics of cost estimation, cost control and cost planning. Get the knowledge to identify major cost risks of engineering and join this Cost Estimating training!

What will you learn?

A successful project starts with a well-founded estimate of the costs. The training will teach you the basics of cost estimation. You will learn approaches for different aspects of the estimating profession and you will learn how to apply them in your daily work.

During this training we emphasize practical experience as well as theoretical knowledge. A number of small cases will be prepared during the training. This helps you get familiarized with the knowledge you have just gained and apply it to real world situations. At the end of the training you will have:

• The knowledge to prepare and evaluate estimates quicker and more accurately. This will immediately have its effect on the control you have on the cost of your project.
• An understanding of the definitions of cost estimation, cost control and planning. You will also be able to read cost engineering reports and put it in the perspective of your project.
• The knowledge to identify major cost risks of engineering. Together with the estimating methods this means you will be able to estimate the engineering involved in your projects.
• The ability to make your own factor estimates and validate factor estimates prepared by others.

Who should attend?

The training is suitable for project team members who are looking to establish a robust command of cost estimating concepts and techniques. Experienced cost estimators who need to keep their cost estimation knowledge and skills up-to-date and relevant will also benefit from this course.