Cost over-runs are the most frequent killers of projects. This course focuses on the processes required to complete projects within an approved budget, including resource planning, cost estimating, cost budgeting, accomplishments monitoring, earned value analysis, cost control, depreciation and capital budgeting.
To enhance the participant’s knowledge, skills, and abilities necessary to successfully estimate the cost of any project
By the end of this course the participant will be able to:
Estimate completion time/cost
Understand estimating methods
Understand learning curves
Understand earned value concepts
Understand earned value measurement techniques
Understand types of costs
Determine labor rates
Determine overhead rates
Understand capital budgeting techniques
Understand capital investment concepts
Determine cost of capital
Estimate contingency funds/management reserve
Understand purchasing/procurement techniques
Understand depreciation methods
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