Course Certified By:

Introduction

The cost of a project is the most significant factor in its becoming a reality. Costs are dealt with at the beginning of a project by preparing a “budget cost estimate” incorporating relevant historical cost data and the creative skill of a seasoned estimator with similar project experience.
This is the most important, as well as the most difficult, type of estimate to prepare accurately.
The increasing demands for capital projects are placing greater stress on available funding resources. In this period of belt-tightening and reduced budgets, it is imperative to find ways of doing more with less.
Value Engineering (VE) has proved to be a valuable tool in stretching capital, construction, operation, and maintenance dollars to achieve the required goals for reduced costs, both in the public and private sector.
Use of VE techniques also typically results in improvements in facility performance, even at these lesser costs.

Objectives

This course will provide a basis for the many areas of estimating that may be faced by the design and construction professional.
It will provide "hands on" examples to facilitate a familiarity with different types of estimates and their components. With this basis, a person, through research, study and practical application, can further expand their cost estimating skills relative to their own profession or branch out into new areas of estimating.
Other methods of cost control, such as value engineering.
Upon completion of this training course, participants will know:
• Mitigation of risk by selection of the most suitable project design type
• Methods of selection of the most suitable building systems
• Terms and conditions - examples of commercial terms
• Reducing total cost of project without any changes of functions and quality.
• Developing better building functions.
• How to determine fair and reasonable prices and times.
• Structuring economic price adjustments.
• Negotiation planning and strategies
• Value Engineering management techniques

Who Should Attend?

This course is targeted for:
• Chief Executive Officers
• Finance Managers
• Human Resources Managers
• Project Managers
• Planners
• Information Technology Managers.
• Architectural engineers
• Structural design engineers
• Construction engineers
• Mechanical engineers
• Electrical engineers
• Process / operation engineers

Training Method

• Pre-assessment
• Live group instruction
• Use of real-world examples, case studies and exercises
• Interactive participation and discussion
• Power point presentation, LCD and flip chart
• Group activities and tests
• Each participant receives a 7” Tablet containing a copy of the presentation, slides and handouts
• Post-assessment

Program Support

This program is supported by:
* Interactive discussions
* Role-play
* Case studies and highlight the techniques available to the participants.

Course Agenda

The course agenda will be as follows:
• Technical Session 08.30-10.00 am
• Coffee Break 10.00-10.15 am
• Technical Session 10.15-12.15 noon
• Coffee Break 12.15-12.45 pm
• Technical Session 12.45-02.30 pm
• Course Ends 02.30 pm