Cost Engineering Certification

Cost Engineering Certification

550,000.00

Cost engineering certification program is an online virtual program that 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.

Description

COST ENGINEERING CERTIFICATION OVERVIEW

Cost engineering certification program is an online virtual program that 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 recognised 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 organisations that seek high quality cost engineers.

The JK Michaels Cost engineering certification 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 cost engineering certification 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 CERTIFICATION 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, knowledgebase 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)

 

BENEFITS OF COST ENGINEERING CERTIFICATION TO ORGANIZATIONS

Competency Building in existing employees

Competency building where existing employees is promoted

Good Management Practices

Organizations’ Strategic Objectives

Understanding relevant needs of the stakeholders and clients

Understanding opportunities to Exceed Stakeholder/ Customer Expectations

Competency by employees to exercise Technical Knowledge, Skills and Competencies

CERTIFICATION:

The cost engineering can be progressed through classroom training and AAPM examination to become a certified Planning Engineer,or as a preparatory course for the American Association of Cost Engineering Certification Exam,to become Certified Cost Professional.

CONTENT SPECIFICATION OVERVIEW

MODULE 1 – COST

• Cost Elements
• Pricing
• Materials
• Labour
• Engineering
• Equipments, Parts, and Tools
• Economic costs
• Activity Based Cost Management

MODULE 2 – COST ESTIMATING

• Estimating
• Process product Manufacturing
• Discrete Product Manufacturing

MODULE 3 – PLANNING & SCHEDULING

• Planning
• Scheduling

MODULE 4 – P R O G R E S S & C O S T
CONTROL (EARNED
VALUE MANAGEMENT)

• Progress Measurement and
Earned Value
• Earned Value for Variable
Budgets
• Tracking Cost and schedule
performance
• Performance and Productivity
Management

MODULE 5 – PROJECT MANAGEMENT

• Project Management
• Project organization Structure
• Project Planning
• Project Labour cost control
• Leadership and Management of
Project People
• Quality Management
• Value Analysis
• Contracting for Capital Projects
• Strategic Asset Management

Module 6 Engineering Economics

• Basic Engineering Economics
• Applied Engineering Economics

MODULE 7 – STATISTICS, PROBABILITY &
RISK

• Statistics & Probability
• Basic Concepts in Descriptive
Statistics
• Risk Management

This course is targeted for all business enterprises, construction, factories and all levels from chief executive officers, finance managers, human resources managers, project managers, site engineers, planners and cost control engineers