Cost, Project and Value Engineering for Effective Project Control (Diploma-Postgraduate)
Training
In Kuala Lumpur (Malaysia), Dubai (United Arab Emirates), Manila (Philippines) and 4 other venues
*Indicative price
Original amount in GBP:
£ 20,000
Description
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Type
Training
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Location
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Duration
20 Days
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Start date
Different dates available
Suitable for: üCost Engineers. üCost Analysts. üClaims and Changes Specialists. üConstruction Managers. üContract Management Specialists. üCost Estimators. üPlanner/Scheduler (or Scheduling Engineers). üPre-Construction Managers. üProject Controls Engineers. üProject Managers. üQuantity Surveyors
Facilities
Location
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Start date
Start date
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Reviews
Course programme
Cost Engineering: Overview
- Objectives of Cost Engineering
- History
- Importance
- The International Cost Engineering Council (ICEC)
- Mathematics of Cost Comparisons
- Depreciation
- Accelerated Cost Recovery System
- Modified Accelerated Cost Recovery System (MACRS)
- Cost Comparisons of Unequal Durations
- Inflation
- The Learning Curve
- Profitability
- Working Capital
- Conceptual Costing
- Forecasting
- Value Engineering
- Optimisation
- Nomenclature
Cost Accounting
- Project Cost Accounting
- Functions of Cost Accounting
- Types of Costs
Estimating Cost
- Capital Cost Estimation
- Operating Cost Estimation
Economic Equivalence and Profitability
- Introduction
- Profitability Analysis
- Depreciation
- Economic Comparisons and Profitability: Examples
- Lease vs. Purchase
- Economics for Capital Projects or Replacements
- Scheduling a Loan Payment
Cost Control and Reporting
- Overview
- Project Formats
- Establishing Baselines for Control
- Status Evaluation and Control
- Reporting and Analysis
Cost Indexes, Escalation and Location Factors
- Cost Indexes
- Location Factors
Operations Research Techniques
- Linear Programming
- Dynamic Programming
- Simulation
Risk Analysis
- Concept
- The Fourth Variable
- The Monte Carlo Approach
- Contingency
- Avoiding Risk Analyst Induced Risk
- Conducting the Risk Analysis
- Available Risk Analysis Software
International Cost Engineering
- Overview
- Project Elements
- Initiation
Computer Applications for Project Control
- The Need for Computerization
- Important Terms to Consider
- Designing Project Management Systems
- Steps in System Design and Implementation
- Project Control Software
- Computer-Aided Design (CAD) Applications for Project Management
Project Management
- Defining a Project
- Benefits of Project Management
- What Project Management Helps You to Achieve?
- Project Management, Organisation and Execution Conflict
- Project Management and Control
- Factors Determining Project Success
- Project Constraints
- Project Management Cost Estimating Tools
- Project Cycle Management (PCM)
Project Life Cycle
- Planning – Conceptualisation, Analysis, Proposal, Justification, Agreement
- Doing – Start-Up, Execution, Completion, Hand Over
- Checking – Review
- Acting – Feedback
- Development of a Project Life Cycle, Project Brief and Proposal
- The Management of Change
- The Systems Approach to Project Management
- The Requirements of Successful Project Management
- Balancing Costs and Benefits
- Managing the Planning Process
- Critical Incident Analysis
- Project Control Mechanism
- The Value Chain: Adding Value to Processes, Products and Processes
- Project Decision-Making
- Project Coordination: The 5 Bases of Co-Ordination
- Developing A CATWOE Focus of Project Management
- Why do Project Fails?
- PERT, CPM, Arrow and Precedence Scheduling
Introducing Value Engineering
- What is Value Engineering?
- Value Engineering History
- 5 Precepts of Value Engineering
- Addressing the Problems through Value Engineering
- Benefits of Value Engineering
- The Reasons for Unnecessary Costs
- When to Apply Value Engineering
- How is Value Engineering Done?
- Concept of Value
- VE Methodology and Techniques
- Variations in Cost
- Interface with Other Programs
- Demonstrated Impact of VE
Value Engineering Practical Applications
- Project Scope and Budget
- The Capitalized Income Approach to Project Budgeting (CIAPB)
Advanced Value Analysis Phases
- Phase 1 – Information Phase
- Phase 2 – Function Phase
- Phase 3 – Creative Phase
- Phase 4 – Analysis/Judicial Phase
- Phase 5 – Recommendation
- Phase 6 – Presentation and Implementation
Cost, Project and Value Engineering for Effective Project Control (Diploma-Postgraduate)
*Indicative price
Original amount in GBP:
£ 20,000