Project Scheduling, Cost Planning & Value Engineering Skills

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.