Contract, Project And Procurement Management


Project Cost Estimating, Budgeting And Value Engineering Skills Training


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Objectives

  • 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.

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