Gain knowledge of techniques used in project estimating, from the conceptual stage to the final detailed estimate
Understand the different types of estimates used to accurately and progressively estimate project costs
Understand the different types of contracts based on the distribution of risk between contracting parties
Effectively apply incentive arrangements to get the best results from the contract
Understand the fundamental concepts of Value Engineering and Analysis
Understand how value engineering supports effective project management by providing a continuous thread of good practice throughout the project development process
Appreciate the level and nature of the information needed to develop a project scope
Gather and organize information and cost relevant to key elements of the project
Learn how to capture and incorporate stakeholders’ input in the development of the project charter
Report effectively to top management and project stakeholders in the context of proposing alternatives that improve the overall project value
Demonstrate proficiency in applying life-cycle costing principles
Objectively present a convincing case in support of certain project alternatives.