PROJECT COST MANAGEMENT
COST ENGINEERING / CONTROL.
The course is focused on the application of Cost Engineering in the process industry (petrochemical, food and beverages etc.) However, during the course parallels will be drawn to different industries, such as construction and infrastructure. Therefore the course will be very instructive and valuable for a broad range of engineers working in many different areas related to project costs. The CCE course will help to develop the professional skills and competencies to be a successful cost estimator, planner and cost controller in a wide range of project types.
While working on the Case Study, the various aspects of Estimating and Cost Control will be put in practice, including integration of these control elements in a simulated real-life project situation the participants will work in groups to develop the assignment reports and presentations.
Estimating and Cost Control
Work Breakdown Structures- WBS/COA
Types/ Class of Estimates
Estimating Data Sources
Cost Estimating components
Estimating & Developing a Cost Estimate
Introduction to Estimating
Developing typical different types of cost estimate
- Accuracy Level
- Level of project definitions
- Acceptable source of estimating data/ information
- Applicable software’s
Budgeting for costs and review practices
Revision of Cost Budgets
Cost Control & Forecasting
Forecasting for Activity Cost control
Variance from Cost Budgets and Administrative Controls
Variance from Cost Budgets
Establish Administrative Controls
The ATS concept is bringing the work situations to the classroom such that at the end of the program
- Participants should be able to defend 3-5 years real-time job experiences.
- Participants would be equipped with the necessary basic knowledge, skills and techniques required of this Profession
- Participants would be armed with standard books and reference materials
- We also assist participants in preparing a field related professional resume.
WHO SHOULD ATTEND
- Engineering and Non-Engineering graduates who want to be experts in Cost Control
Participants will receive a full set of course slides and notes in electronic form, as well as an Excel-based tools and software where applicable.
A grounded Engineer with B.Tech and M.Sc degrees in Chemical Engineering. Possess about ten years’ experience in the Oil and Gas industry, cutting across the Process Engineering and Project control at all phases of Engineering Project LifeCycle.
Invaluable experience in Cost Control and Cost Estimating on several multi-billion dollar projects for IOC’s like Chevron, Exxon mobil, Snepco e.t.c
He is ASPENTEC Capital Cost Estimator, Houston U.S.A, trained and certified(AACE Cert. Nos: 558)
He is an expert in Incontrol V10, Cost Estimating, Benchmarking data, Project budgeting, Invoicing, forecasting, Progress review and validation, risk analysis, generation of reports and Cost trend analysis for management.
3 days (8am – 4pm)
Port-Harcourt: 17 - 19 October 2018
Lagos: 22 - 24 October 2018
Do a REGISTRATION FORM mail request to
Customer care: 08182855747, 07034319429, 08054055699