A Highly Interactive Training Course On

Project Scheduling, Cost Planning & Value Engineering Skills

Creativity and Excellence in Planning, Functionality and Costing

Project Scheduling, Cost Planning & Value Engineering Skills
Course Schedule

CLASSROOM

10-21 Feb 2025
London
$11,900
05-16 May 2025
Dubai
$11,900
30 Jun-11 Jul 2025
Amsterdam
$11,900
21 Jul-01 Aug 2025
London
$11,900
22 Sep-03 Oct 2025
Riyadh
$11,900
17-28 Nov 2025
London
$11,900
08-19 Dec 2025
Dubai
$11,900
Certificate
  • Coventry Academy Certificate of Attendance will be provided to delegates who attend and complete the course

Training Overview

Training Overview

This Project Scheduling, Cost Planning & Value Engineering Skills training course is structured into two distinct modules. The first week focuses on mastering the delivery of accurate cost and schedule estimates during the initial concept and planning phases of project development. Participants will learn essential techniques to ensure precise estimation, laying a strong foundation for effective project planning.

In the second week, the course delves into the concept of Value Engineering (VE). This structured approach aims to optimize project value by systematically reducing life-cycle costs, addressing financial concerns, and eliminating unnecessary expenditures. It provides project stakeholders with strategies to enhance project efficiency and maximize returns on investment.

Throughout the training, a systematic, step-by-step methodology guides participants through the entire project lifecycle: from initiation and planning, through execution and monitoring, to control and closure. Key aspects covered include defining roles and responsibilities, employing advanced planning techniques, forming and managing multi-disciplinary project teams to foster innovation and recommend alternatives, capturing stakeholder requirements and expectations, developing conceptual cost estimates and models, conducting comprehensive life-cycle costing analyses, and crafting high-level project plans to effectively guide execution and ensure successful project outcomes.

The course emphasizes practical applications, with detailed case studies presented to deepen understanding and facilitate mastery of the course materials. Participants will gain invaluable skills in integrating project scheduling, cost planning, and value engineering principles to effectively manage projects and meet organizational objectives with confidence and proficiency.

Key features of this training course include:

  • Techniques for project estimating from conceptual to detailed stages.
  • Understanding various types of estimates to confidently manage project costs and schedules.
  • Identifying and mitigating risks with and without contingency plans.
  • Developing effective team management strategies and performance monitoring systems.
  • Integrating scope, time, resources, and cost management into a dynamic and manageable project model.

Modules

This training course is split into two modules:

Module I - Project Scheduling & Cost Planning Skills

Module II - Project Scheduling & Cost Planning Skills

Each module is structured and can be taken as a stand-alone training course; however, delegates will maximise their benefits by taking Module 1 and 2 back-to-back as a 2-week training course.

What are the goals?

By the end of this Coventry Academy training course, participants will be able to:

  • Manage and mitigate schedule, cost, scope, and resource risks associated with the project
  • Develop a project recovery plan for budget and schedule overruns
  • Identify value mismatches through the ratio of whole life costing
  • Capture & incorporate stakeholders’ input in the development of the project charter & plan
  • Know the fundamental concepts of Value Engineering and Analysis

Who is this Training Course for?

This Coventry Academy training course is suitable to a wide range of professionals but will greatly benefit: 

  • Those who have a role in various projects such as cost estimators, project schedulers, project designers, project planner, contracts professionals, project procurement and purchasing staff, and project control and business services professionals who have the responsibility for preparing cost / schedule estimates and project proposals in client and contracting companies
  • Those who are interested in knowing more about estimation and control in a project environment
  • Anyone involved in project initiation, engineering design, and critical assessment of projects
  • All those responsible for making significant decisions concerning plans and budgets for large and complex projects
  • Project or Program Sponsors, Project Managers, Cost Estimators, Cost Controllers, Engineers, Designers and Project Staff
  • All those aspiring to deliver better value in all sectors of the economy from major projects in construction, manufacturing, petro-chemical, healthcare, education legal and public services