Training for the Future


Cost Estimation Course Dubai

Course Code: CE

Dates: 7 May - 11 May | 6 Aug - 10 Aug | 8 Oct - 12 Oct | 19 Nov - 23 Nov | 10 Dec - 14 Dec

Price: £2950

Duration: 1 Week /s

Duration: 1 Weeks

Course Objectives

This course is designed to equip participants with the methodologies and tools, skills and attitudes to develop cost estimations in relation to various activities within E & P business, including management, design and construction projects. Participants will learn ‘what to do’, ‘how to do it’ and ‘why’.

Who Should Attend?

This course is developed for economists and engineers specifically personnel involved with project and proposal estimation as well as operations, scheduling and planning.

Prerequisite Courses

None

Course Overview

  • Introduction to Cost Estimation

  • Cost Estimation and COCOMO

  • Projects and Project Life Cycle

  • Budgets
    Sizing and Work
  • Breakdown Structure
    Project
  • Documentation and Scope Issues

  • Cost Concepts (COSYSMO) and Bayesian approximations

  • Project Technical Planning

  • Estimating

  • Project Cost Control, Managing Change, Contracts and Tenders for Estimation

  • Procurement – Total Cost of Ownership

  • Probabilistics Analysis and Evaluations

  • Decision Analysis and Value Based Engineering

  • Enablers and Barriers for Process Improvement

  • Risk Estimation and Project Management including cost estimation guidance

  • Economic Principles for Estimation

  • Earned Value Analysis

  • Business Models and Modelling


  • Learning Outcomes

    By the end of this course participants will be able to -
  • Introduction to and building awareness of cost estimating

  • Understanding what comprises Projects and Project Life Cycle

  • Understanding of Budgets

  • Complete Work Breakdown Structures

  • Understand the nature of Project Documentation and Scope Issues

  • Complete and participate in Project Technical

  • Be able to participate and be fully involved in all aspects of Estimating


  • Course Materials

    The training course will consist of tutor led presentations/discussion, case studies,
    practical exercises and DVD viewing and review, where applicable.
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