Call Us: 07034319429 | 08182855747 | 08054055699   

 

 

PROJECT COST MANAGEMENT

 

COST ENGINEERING / CONTROL.

Course objectives

The course is focused on the application of Cost Engineering in the process industry (petrochemical, food and beverages etc.) However, during the course parallels will be drawn to different industries, such as construction and infrastructure. Therefore the course will be very instructive and valuable for a broad range of engineers working in many different areas related to project costs. The CCE course will help to develop the professional skills and competencies to be a successful cost estimator, planner and cost controller in a wide range of project types.

 

CASE STUDY

While working on the Case Study, the various aspects of Estimating and Cost Control will be put in practice, including integration of these control elements in a simulated real-life project situation the participants will work in groups to develop the assignment reports and presentations.

 

COURSE OUTLINE

Introduction

Estimating Guidelines 

Estimating and Cost Control

Work Breakdown Structures- WBS/COA

Types/ Class of Estimates

Estimating Data Sources

Cost Estimating components

Benchmarking

Estimate Deliverables 

Estimating & Developing a Cost Estimate
Introduction to Estimating 

 

Developing typical different types of cost estimate

  • Accuracy Level
  • Level of project definitions
  • Acceptable source of  estimating data/ information
  • Applicable software’s

 

Budgeting for costs and review practices
Cost Budgeting

Revision of Cost Budgets

Cost Control & Forecasting

Cost Control 

Forecasting for Activity Cost control

Variance from Cost Budgets and Administrative Controls

Variance from Cost Budgets

Establish Administrative Controls 

 

GAINS

The ATS concept is bringing the work situations to the classroom such that at the end of the program

  • Participants should be able to defend 3-5 years real-time job experiences.
  • Participants would be equipped with the necessary basic knowledge, skills and techniques required of this Profession
  • Participants would be armed with standard books and reference materials
  • We also assist participants in preparing a field related professional resume.

 

WHO SHOULD ATTEND

  • Engineering and Non-Engineering graduates who want to be experts in Cost Control

 

DOCUMENTATION

Participants will receive a full set of course slides and notes in electronic form, as well as an Excel-based tools and software where applicable.

 

TRAINER

  1. Saheed

A grounded Engineer with B.Tech and M.Sc degrees in Chemical Engineering. Possess about ten years’ experience in the Oil and Gas industry, cutting across the Process Engineering and Project control at all phases of Engineering Project  LifeCycle.

Invaluable experience in  Cost Control and Cost Estimating on several multi-billion dollar projects for IOC’s like Chevron, Exxon mobil, Snepco e.t.c  

He is ASPENTEC Capital Cost Estimator, Houston U.S.A, trained and certified(AACE Cert. Nos: 558)

He is an expert in Incontrol V10, Cost Estimating, Benchmarking data, Project budgeting, Invoicing, forecasting, Progress review and validation, risk analysis, generation of reports and Cost trend analysis for management.

 

AVAILABLE SEATS

10 

 

DURATION

3 days (8am – 4pm)

Port-Harcourt: 17 - 19 October 2018

Lagos: 22 - 24 October 2018

 

REGISTRATION

Do a REGISTRATION FORM mail request to

LAGOS: This email address is being protected from spambots. You need JavaScript enabled to view it.

Port-Harcourt: This email address is being protected from spambots. You need JavaScript enabled to view it.

 

Customer care: 08182855747, 07034319429, 08054055699



ABOUT US

We provide hands-on training for prospective Piping, Mechanical, Process, Chemical, Structural, Instrumentation and Electrical Engineering Designers. Course participants will enhance their skills through intensive hands-on exercises under the guidance of expert instructors with real-world industry experience.

CONTACT US

2nd Floor, Dulux Building KM18 Igbo-Efon Bus-Stop,  Lekki-Epe Expressway (Between Stanbic Bank & FCMB Bank) Lekki Lagos State, Nigeria.

Tel: 07034319429, 08054055699, 08182855747

 

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