Project cost engineering program will equip participant with the skill and knowledge to control cost in there projects. They will learn the basics of cost estimating, cost control and planning.It is recognized that improving cost engineering capabilities within industry contributes to the development of affordable products and technologies. There is growing demand at local, national and international levels to impart cost and affordability engineering knowledge to support organizations that seek high quality cost engineers.
The program is in alignment with the American Association of Cost Engineers Standard.This training course will provide participants with a thorough background in the concepts of total cost management and cost engineering. The course addresses area of Total Cost Management through planning and controlling resources, costs, profitability and risk. i.e managing cost throughout the life cycle of any enterprise, program, facility, project, product or service. The course covers the application of cost engineering and cost management principles, proven methodologies and the latest technology in support of the management process. Practical sessions will provide hands-on experience.
BENEFITS OF COST ENGINEERING TO INDIVIDUALS
Learn how to prepare professional proposals, value engineering ideas, claims or budgets
Learn methodologies and tools for effective estimating, budgeting, cost control and value engineering
Practice of standardized methods, procedures, knowledge base and checklist
Obtain knowledge on project control implementation, monitoring and evaluation tools
Learn techniques that ensures survival in a competitive market
Ability to provide a means to bridge the gap from the theory to real life Implementation.
Perform Value Analysis on your projects
Creation of fully cost and resource loaded schedules
Understanding Activity Based Costing (ABC) and Activity Based Management (ABM)
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