Introduction to Estimating


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.