CATEGORY TYPE: Finance & Accounting

COURSE NAME:Cost Estimation


This course can be scheduled at your convenience, to request this course please click here

This course, in-depth course focuses on approaches to estimating costs and schedules for any project. Understand the various project areas that must be estimated, and the tools and methodologies best suited for the estimates you will prepare. Recognize the importance of effective estimating throughout the project management lifecycle.



  • Estimate costs and resources needed for projects
  • Learn how different estimating techniques work and interact together
  • Size project deliverables
  • Identify associated project costs to build a comprehensive project estimate
  • Identify risks and their impact on project costs
  • Estimate a development schedule, staffing, and effort
  • Select estimating techniques best suited to your projects
  • Determine how different factors impact estimate accuracy
  • Update estimates throughout a project’s duration


Cost Estimating Overview

  • Cost estimating terms and key concepts
  • Major challenges associated with cost estimating
  • Iterative nature of cost estimating
  • Estimating with different product life cycles

Getting Started

  • Prerequisites to the estimating process
  • Creating a deliverable-based WBS
  • Resource breakdown structures (RBS)

Estimating Techniques

  • Units of measure
  • Estimating techniques for developing cost estimates
  • Creating cost estimates using the different estimating techniques

Finalizing the Estimate

  • Ten-step cost estimating process
  • Techniques to clarify the estimating request and scope of work
  • Accounting for individual characteristics of resources
  • Documenting an estimate to ensure clear understanding of the cost estimate, assumptions, accuracy, confidence, etc.
  • Five tips that can improve estimating
    • 5 Day(s)

    The presentation is generally appealing to me. The dedication & devotion of the instructor are both laudable & admirable.
    Mohammed F. Alotaibi

    Really this course is important for any inspector, so I will recommended it for our employees. And thanks a lot!
    Ahmed Al-Yami

    You are doing excellent bringing such very talented instructor. Please keep it up.
    Ahmed Afifi
    Al-Zamil CoolCare

    I would like to appreciate you as well as the instructor for a good training due to the fact that the helping to gain new information about the types of valve with advantages and disadvantage as well. Many thinking.
    Zaki Ali Aldawood

    This course was very beneficial and helpful to understand one of the Major NDT method. I encourage ITC to continue with this performance.
    Talal Saad AlHasawi

    ITC service was in overall excellent. Thanks.
    Wael M. Morsy

    This course was good and a nice guide to the PMP exam. Thanks.
    Yazeed Mohamed Mreki
    General Authority of Civil Aviation (GACA)

    It was good course & good preparation with excellent instructor. Thanks a lot.
    Faisal Mahdi Al-Qahtani

    It was a nice course to have. I suggest taking this course with the same instructor to other people. Thanks for the instructor for his kindness & helfull during the course.
    Abdul-Moniem Al-Humoud

    It is very important course, which enable us to improve our knowledge to work approaching our big account and can be recall us the key account. This is will support us to active result for the best of the Co.
    Mohammed Amjad
    Al-Suwadi Services

    The instructor is highly and technical knowledgeable in explaining all the subject in the course taken.
    Noel V. Garan
    Coldstorec Group Of Saudi Arabia

    Instructor was well prepared and knowledgeable I gain lot of useful information.
    Gulam Khan
    Saudi Aramco

    It was a good learning experience. Got to know the concept involved in key account.
    Muthuraman Nachiappan
    Al-Suwadi Services

    The instructor Mr. Ahmed Sabry has a very nice spirit.
    Salam Fakhoury
    Al Khodari Company

    It is very useful to us and increase our knowledge.
    Mohammed Rashed Afifi
    Al Khodari Company

    The course is excellent and helpful. It help me in organizing the work in more safe manner.
    Muzammil Hayat
    Al Khodari Company

    The instructor is very knowledge and hard working, his way of teaching is very good.
    Ibrahim Darwish
    Al Khodari Company