Effective Project Cost Estimating and Control

Global Innovative Campus
Edmonton, Alberta, Canada

Course Format: Classroom | E-learning | Virtual Class | Online/Live | On-site/In-house | Blended | Self-paced

Course Description:

'' Financial management is one of the most important aspects of managing any business. Our society has a fundamental weakness in the understanding the fundamentals of financial concepts and a lack of “scientific common sense judgment�that is required to make sound decisions. This seminar starts with the basic fundamentals of finance such as time value of the money, calculation of interest; present; future; and annual worth, rate of return, benefit/cost ration, cash flow diagrams, and depreciation. The seminar then shifts to cost estimating concepts such as types; purposes; and methodologies of cost estimates, total cost of a project, direct and indirect costs, labor and equipment cost analysis, materials and procurement management, overhead; contingency; and profit, bonds and insurance, general tips in quantity and cost estimating, cost tracking and control, Earned Value analysis, and a glimpse on computer estimating software.

Objectives:
Learn the time value of the money and the calculation of interest and its applications such as present; future; and annual worth, rate of return
Learn how to do financial analysis, cash flow diagrams, and depreciation analysis of an equipment
Learn about direct and indirect costs and how to estimate indirect items such as overhead, contingency, profit, bonds and insurance
Get an idea on labor and equipment analysis for better estimate of their cost
Learn about materials management and procurement and the cost associated with materials
Learn types, purposes, and methodologies of cost estimates; and get tips on how to estimate the total cost of a project
Get some tips on bidding and types of bidding procedures and contracts
Learn the basics of cost control and Earned Value management
...''

Elements of this syllabus are subject to change.

Phone:(888) 384 4863

School Address/Venue(s):

Global Innovative Campus
6563 Gateway Blvd NW
Edmonton Alberta
T6H 2J1 Canada

Jobs & Resumes: Edmonton
Houses & Roommates: Edmonton

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