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Project Cost Estimation & Control

Date: 16 - 19th March, 2019 
Abu Dhabi University, Dubai Campus

OVERVIEW DETAILS ABOUT INSTRUCTOR REGISTRATION

 

 

Course Introduction & Objectives

 

 

"Top management is keeping a sharp eye on where every dollar goes. Learn how to implement an effective cost accounting system."

In this course, we have created a practical, hands-on training that gives you a better understanding of the cost aspect of managing projects. Learn how to apply proven methods, tools and techniques to prepare estimates, develop and monitor budgets, manage cash flow, and use earned value analysis (EVA) to ensure that the project’s ROI is achieved. This course will use a realistic and interactive case study that will allow you to practice the methodology.


Key objective of this course is to provide the participants with the basis of financial management concepts and how they apply to projects and apply the business tools of NPV, IRR, payback period, and benefit/cost ratio to evaluate projects. Other objective is to provide participants with improved cost estimates and ROI calculations and to identify potential financial risks and implement contingencies .

 

 

Who should attend this course?

 

  • Project Managers
  • Project Estimators
  • Cost Control Engineers
  • Office Engineers
  • Costing Departments Heads
  • Cost Accountants Engineers
  • Management Accountants
  • Production Managers
  • Production Engineers

 

 

What is expected from this course?

 

After completing the course, participants will be able to:

  • Identify and describe the need and requirements for construction scheduling.
  • Explain the different techniques and methods of construction scheduling.
  • Perform, manually, scheduling for projects using, Gantt, and network methods.
  • Apply the concepts of updating and resource scheduling.
  • Estimate the cost of activities and of the project.
  • Apply the earned value analysis for project cost control.
  • Knowing how to reduce project cost by utilizing the different resources.
  • Identifying and knowing the basic elements of the project cost.
  • Understanding the estimation process for projects.
  • Deep knowledge with cost accounting and cost control, that leads to increase the profit.