Course Description:

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.

Course Goal:

To enhance the participant’s knowledge, skills, and abilities necessary to successfully estimate the cost of any project

Course Objectives:

By the end of this course the participant will be able to:

1. Estimate completion time/cost
2. Understand estimating methods
3. Understand learning curves
4. Understand earned value concepts
5. Understand earned value measurement techniques
6. Understand types of costs
7. Determine labor rates
8. Determine overhead rates
9. Understand capital budgeting techniques
10. Understand capital investment concepts
11. Determine cost of capital
12. Estimate contingency funds/management reserve
13. Understand purchasing/procurement techniques
14. Understand depreciation methods

Course Outline:

1. Estimating Completion Time/Cost
2. Estimating Methods
3. Learning Curves
4. Earned Value Concepts
5. Earned Value Measurement
6. Types Of Costs
7. Labor Rates
8. Overhead Rates
9. Capital Budgeting
10. Capital Investment Concepts
11. Cost Of Capital
12. Contingency Funds/Management Reserve
13. Purchasing/Procurement
14. Depreciation Methods