CATEGORY TYPE: Finance & Accounting

COURSE NAME:Cost Estimation


UPCOMING EVENTS


START DATE END DATE CITY/COUNTRY PRICE Request
This course can be scheduled at your convenience, to request this course please click here
INTRODUCTION:

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.

OBJECTIVES:

 

  • 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
OUTLINE:

 

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
DURATION:
    • 5 Day(s)
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    Sabic

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    Sabic

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    Al-Zamil CoolCare

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    Sabic

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    Sabic

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    Mobily

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    Yazeed Mohamed Mreki
    General Authority of Civil Aviation (GACA)

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    Sabic

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    Sabic

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    Al-Suwadi Services

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    Coldstorec Group Of Saudi Arabia

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    Saudi Aramco

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    Al-Suwadi Services

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    Al Khodari Company

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    Al Khodari Company

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    Al Khodari Company

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    Ibrahim Darwish
    Al Khodari Company