2009-09-03SUKAD™ and School of Knowledge Economy and Management (SKEMA) Business School, have launched a postgraduate education programme with the initial offering of the Master Certificate in Project Man...

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Dr. Najwa Dham.Dean of Academic Research & Publishing Hamdan Bin Mohammed University.

I am a Project Engineer. The Project management course that was offered by SUKAD was very important to me because I will use these materials everyday. This course will i ...

Project Engineer. Al Forat.

Trainers are really hardcore, well experienced project managers. They were sharing their experiences.

Mr. Afsal Yanus.Project Manager Middle East Lubricant Company.

I would rank SUKAD as one of the top Project Management institute in the Gulf.

Mr. Riad Bsaibes.Chief Operating Officer- Corporate Amana Contracting and Steel Buildings.

I’m so glad that I have met all of you. This is by far the best training course I’ve been in, thanks to SUKAD I hope to see all of you in July.” ... “A ...

Mr. Bashar Al Ramahi.Head of Biomedical Engineering Shaikh Khalifa Medical City.

I found the exam exercises to be extremely useful, the feedback of our answers was a great help in better understanding PMI.

Mr. S.R. Butler.Strategy Analyst ZADCO.

I had found four companies on PMI website for my training – I contacted all four but your staff have responded in the most professional and well informed manner; this is ...

Ms. Poonam Tripathi.Senior System Analyst Unilever.

It is my pleasure to officially endorse SUKAD. I have worked with SUKAD over a year now and I can say without hesitation that they are an outstanding provider of project manag ...

Mr. Ronnie I. Smith, PMP. Saudi Arabian Parsons Limited Yanbu.

The course, provided by SUKAD, I attended last year was so informative that I find myself inclined to coming back for more.

Aramco Saudi Hamzah I.PMP MPD Manifa Offshore Projects Div.

Thank you I had the most wonderful training ever. SUKAD’s teaching and personal skills made this course enjoyable and fun, not mentioning the amount of information I gai ...

Marwan Islam.Resident Construction Manager Royal Comission, Yanbu.

Fundamentals of Cost Estimating

Registration

WHEN:

October 20,2010 - October 21,2010
08:30 AM - 04:30 PM

WHERE:

Abu Dhabi University, Khalifa City Campus

Duration:

2 days

Contact Hours /PDU/ CEU:

Target Audience:

All personnel, project team members, project managers, and others who are interested in learning how to prepare an estimate in the engineering and construction industry, especially from the perspective of the “owner” / developer of a facility.

Category:

Engineering & Construction (E&C)

Course Code:

EC22

Course Fees:

4600.00 Dhms

Course Objectives

Understand key terms and definitions relating to cost estimating
Understand the need for more than one estimate along the project life span
Learn about the difference between estimates classifications, which is a function of the use of the estimate
Develop a good working knowledge of cost estimating tools and techniques
Learn about the various components of an estimate
Understand the differences between an estimate and a control budget

DESCRIPTION

This course will cover the fundamental principles of cost estimating in the engineering and construction industries. The main topics are estimates classifications, estimating tools and techniques, the importance of historical records, i.e. databases for materials and labor.

The course will discuss appropriate estimating in accordance with the different project stages and for different requirements. This course will also cover the specific components of proper estimates, such as: direct and indirect costs, escalation and technology allowances, contingencies and management reserve and any other project specific requirements.

This course will not provide specific rates or material costs tools since these are specific to a company and industry.

Related Course

Project Control Workshop (course code: EC21)
Change Management for Construction Projects (course code: EC23)

Course Outline

What is Cost Estimating
How Many Estimates
Estimating Tools and Techniques
Estimates’ Classifications
Cost Estimate Components
Direct Versus Indirect Costs
Productivity
Source of Data
Management & Overhead
Special Allowances
Escalation Factors
Contingency
Management Reserve
Estimate Accuracy
Requirements for Proper Estimating
Estimating and Project Funding
Estimating Versus Budgeting
Control Accounts