Cost Engineering/Cost Estimator Practical Training in Port Harcourt

99% Practical Oriented Training
For contact and training venue in Port Harcourt call

Port Harcourt
IK Idegwue , Tel: 08032766980
Address: 71 Ada George Road, Port Harcourt

For further enquiry contact us:
Tel: +234 - 813 3476 558, +234 - 708 574 0887,
Opebi Allen Ikeja, Lagos State, Nigeria
Email: [email protected], [email protected]
Website: www.vogwconcept.com

Overview of Cost Estimating

Components of a Cost Estimate
When is Cost Estimating Performed?
Estimating Approaches
Laws of cost estimation
Significance of the cost estimating process
Cost estimates in project management vs. acquisition
Challenges faced by cost estimators
Characteristics of a credible cost estimate
Types of cost estimates

Process in Cost Estimating

Public vs. private sector cost estimating process
GAO's twelve step cost estimating process
Attributes of a successful cost estimating team
Cost estimating planning


Methodologies

Cost elements used in estimating techniques
Analogy
Vendor quotes or catalog prices
Learning curves
PERT estimates and distributions
Top-down estimating technique
Cost factor estimating
Bottoms-up (detailed) estimating
Special estimating issues

Cost Risk and Uncertainty

Factors contributing to program risk and uncertainty
ESI's Risk Management Model
Sensitivity analysis
Changes in cost estimate uncertainty
S-Curve

Validating and Documenting the Estimate

Mapping GAO's twelve steps to characteristics of a high-quality estimate
Validating the cost estimate
Documenting the cost estimate

Linking the Credible Cost Estimate to the EVM system

Managing program/project costs
Using the cost estimate as the foundation of EVM analysis
Steps in the EVM process
Risk factors warranting EVM surveillance
Common indicators of poor program performance
Rebaselining

Optional

Spread sheet and software application in Cost Estimation

ICARUS
SuperPro Designer
CAPCOST®
COCO simulator
e.t.c

-Developing your own spread sheet and software for cost estimation techniques

-Forecasting and prediction in cost variation

For contact and training venue in Port Harcourt call

IK Idegwue
Tel: 08032766980
71 Ada George Road, Port Harcourt

For further enquiry contact us:
Tel: +234 - 813 3476 558, +234 - 708 574 0887,
Opebi Allen Ikeja, Lagos State, Nigeria
Email: [email protected], [email protected]
Website: www.vogwconcept.com