Description
Introduction
As industrial projects grow in complexity, precise cost estimation techniques are required to ensure financial control. This intermediate-level course expands on basic cost estimation skills, focusing on advanced quantity takeoff, cost control, risk assessment, and financial planning strategies.
Date
Day | Time | Price | Country |
|---|---|---|---|
Mon – Wed | 8:00 – 10:00 | $5/hrs | Turkey |
Tue – Thu | 18:00 – 19:00 | $5/hrs | Turkey |
Wed – Fri | 20:00 – 21:00 | $5/hrs | Turkey |
Sat – Sun | 18:00 – 19:00 20:00 – 21:00 | $8/hrs | Turkey |
This Training Course Will Highlight
- Advanced quantity takeoff and cost estimation methodologies.
- Detailed cost breakdown structures and pricing models.
- Cost control strategies and budget optimization.
- Risk assessment and contingency planning in cost estimation.
- Practical applications using industry-standard cost estimation software.
Objectives:
- Enhance proficiency in cost estimation for large industrial projects.
- Learn advanced quantity takeoff methods and cost breakdown structures.
- Understand risk management techniques in cost estimation.
- Develop expertise in budgeting, financial forecasting, and cost control.
- Gain hands-on experience with digital estimation tools and software.
Training Methodology
- Instructor-led theoretical sessions with interactive discussions.
- Hands-on exercises for cost estimation and measurement techniques.
- Introduction to cost estimation software tools and spreadsheets.
- Case studies from industrial construction projects.
- Group discussions and collaborative learning activities.
- Final assessment and feedback session.
Organizational Impact
- Improved accuracy in cost estimation and project budgeting.
- Enhanced financial planning and resource allocation.
- Reduction in project cost overruns and financial risks.
- Strengthened collaboration between cost estimators and project managers.
- Increased efficiency in procurement and cost management.
Personal Impact
- Strong foundational knowledge of cost estimation methodologies.
- Improved skills in performing quantity takeoff and material costing.
- Increased confidence in handling construction cost assessments.
- Hands-on experience with estimation software.
- Better career prospects in cost estimation and quantity surveying.
Who Should Attend?
- Junior quantity surveyors and estimators.
- Engineering students and fresh graduates.
- Site supervisors and construction project assistants.
- Procurement and finance personnel in construction.
- Entry-level construction managers.
- Industrial facility planners and cost controllers.
- Anyone interested in learning cost estimation fundamentals.
Course Outline
Day 1
Advanced Quantity Takeoff Techniques
- Detailed breakdown of quantity takeoff for industrial projects.
- Understanding industry measurement standards (CESMM, SMM7, POMI).
- Methods for handling complex material takeoff.
- Managing unit rate pricing for large projects.
- Quantity takeoff for a multi-phase industrial project.
Day 2
Cost Breakdown and Financial Forecasting
- Creating and analyzing cost breakdown structures.
- Forecasting financial requirements for industrial projects.
- Cost allocation and budget optimization strategies.
- Impact of cost escalation and inflation.
- Developing financial projections for an industrial project.
Day 3
Risk Assessment in Cost Estimation
- Identifying potential cost risks in industrial construction.
- Risk-based cost estimation techniques.
- Implementing contingency planning and cost buffers.
- Managing cost impacts of scope changes.
- Risk mitigation strategies in cost estimation.
Day 4
Budgeting and Cost Control Strategies
- Budgeting techniques for large-scale projects.
- Cash flow forecasting and expenditure tracking.
- Earned Value Management (EVM) for cost control.
- Cost performance monitoring and corrective actions.
- Implementing cost control in industrial projects.
Day 5
Software Tools and Case Studies in Cost Estimation
- Hands-on practice with advanced cost estimation software.
- BIM integration for cost estimation and project planning.
- Cost estimation success and failures.
- Cost analysis report preparation and decision-making.
Cancellation policy
no refund is accepted
Certificate
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