What is this course?
This course focuses primarily on the approach to estimating costs and schedules within a project environment, such as:
- Understanding the areas of importance that require an estimate to be produced within a project and why.
- The varying tools, techniques and methodologies that can be used to suit the estimate that is being prepared.
- The vital role that the estimate plays and where it fits within the project controls lifecycle
Who is this course aimed at?
- Existing project controls engineers wanting to add estimating into their portfolio.
- Junior Project Controls looking for understanding of the project controls lifecycle and how the estimate fits into this.
- Project Engineers looking to understand estimating from a project controls perspective.
- Project Managers looking to understand the basis of controlling projects.
Learning Objectives
- Existing project controls engineers wanting to add estimating into their portfolio.
- Junior Project Controls looking for understanding of the project controls lifecycle and how the estimate fits into this.
- Project Engineers looking to understand estimating from a project controls perspective.
- Project Managers looking to understand the basis of controlling projects.
Course modules
- What is an estimate?
- What industries are estimates used in?
- The roles and responsibilities of an estimator.
- Difference between an estimator/quantity surveyor.
- What makes a good estimate?
- The value to the project team of a good estimate.
- The project controls lifecycle and how does this fit?
- The estimating approach.
- Accuracy of the estimating data.
- What do you need to commence compiling an estimate?
- What techniques are used.
- What are the different estimating techniques and why are they used in differing circumstances.
- Comparing the above techniques.
- Good practice when estimating.
- Reviewing the estimate.
- Factors to consider when pulling an estimate together.
- Improving the estimate.
- Estimating the approvals process.
- How to use the estimate in the project controls environment.