Introduction to Estimating

Introduction to Estimating is a course providing an overview of the project controls estimating process. When building or working on a project it is important to understand how an estimate is put together. On this two day course learn how to compile an estimate, taking into account factors such as material costs, cost of operating, hiring plant or specialist equipment, transport costs, labour and other overheads. Data can be gathered from internal company records, stock figures, price indices, industry journals, quotations from suppliers and sub-contractors, and transport and hire companies.
Name: Introduction to Estimating
Course Duration (days): 2

What is this course?

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?

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

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

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.