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Course Code: PMCM 125
1133 Course Visits
The Advanced Certificate in Cost Engineering (ACCE)
Course Sector:
Project & Contract Management
Course Dates and Locations
Choose a date and location to book your seat
No.
Date
Days
Location
Fees
Enrollment
01
5 Days
Cape Town, South Africa $4,950
02
5 Days
Abu Dhabi, UAE $4,250
Introduction
Training course introducion / brief
Any engineering project must be not only physically realizable but also
economically affordable. Understanding and applying cost principles to
engineering have never been more important. Beyond function and
performance, solutions must also be viable economically. Design
decisions affect limited resources such as time, material, labor,
capital, and natural resources, not only initially (during conceptual
design) but also through the remaining phases of the life cycle (e.g.,
detailed design, manufacture and distribution, service, retirement and
disposal) This training course is designed to help participants gain
valuable insights and skills needed to estimate costs accurately.
Business case analysis and evaluation
This
course will focus on topics such as cost estimating methods and
challenges, business case analysis and evaluation, and project
management issues.
Course Objectives
At the end of the training course, participants will be able to
- Gain a comprehensive understanding of the different types of cost concepts and designs
- Identify and apply the various methods used to gauge cost estimates
- Understand the time value of money over a project term
- Evaluate Projects with the Benefit−Cost Ratio Method
- Understand the importance of sensitivity analysis, break even, and profit territory
- Know the importance of risk and how to manage associated risks
- Learn about planning your capital budget and the key factors in the decision-making process.
Course Audience
Who is this course for, and can benefit the most
- Project Manager
- Business Administrator
- Marketing Coordinator
- Account Executive
- Chief Operating Officer
- Operations Manager
- Executive Administrative
- Risk Manager
- Program Manager
- Business Analyst
- Quality Control Coordinator
- Assistant Manager
- Team Leader
- Senior Supervisors
- Researcher
- Entrepreneur
- Management Consultant
- Public Relations Director
Course Outline
The course aims and learning outcomes
Cost Concepts, Design and Estimating
- Overview: Types of Cost Concepts and Designs
- Eight cost estimating methods
- Cost estimating problem areas
- Types of cost estimates
- Case Studies: Cost estimation from a broad cross-section of the private and public sectors
- Managing the cost and schedule estimation process
Business Case Analysis/Evaluations
- The transition from cost estimation to business case evaluations
- Time value of money and interest rate factors (Engineering Economics)
- Methods for comparing and evaluating alternatives
Tax and depreciation considerations in business case analysis
- Inflation and cost Indexes
- Managing investment evaluations
- Benefit−Cost Ratio Method
- Case Studies: Business case evaluations from a broad cross-section of the private and public sectors
Intersections between Cost Estimation, Business Case Analysis, and Project Management
- Cost estimation and project management
Business case analysis and project management
- Special topics
- Emerging factors in cost estimation, business case evaluation, and project management
Providers and Associations
Providing the best training services and benefits to our valued clients
Boost certificate of completion
BOOST's Professional Attendance Certificate “BPAC” is always given to the delegates after completing the training course, and depends on their attendance of the program at a rate of no less than 80%, besides their active participation and engagement during the program sessions.
ENDORSED EDUCATION PROVIDER
Flexible deadlines
Customized dates accordance to your schedule
Shareable Certificate
Earn certificate upon completion
COURSE METHODOLOGY
Our Training programs are implemented by combining the participants' academic knowledge and practical practice (30% theoretical / 70% practical activities).
At The end of the training program, Participants are involved in practical workshop to show their skills in applying what they were trained for. A detailed report is submitted to each participant and the training department in the organization on the results of the participant's performance and the return on training. Our programs focus on exercises, case studies, and individual and group presentations.
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