This course focuses on 2 modules. The first week of training will identify how to deliver reliable cost and schedule estimates during the early concept and planning stages of a proposed project.
The second week of training will explore the Value Engineering (VE) concept: a creative, organized approach with the objective of offering project stakeholders an opportunity to optimize project value, reduce life-cycle costs, address financial issues, and eliminate unnecessary costs.
This Project Scheduling, Cost Planning & Value Engineering Skills training course adopts a systematic step-by-step methodology to support the initiation, planning, execution, monitoring and control and closure of projects. It covers the key elements of roles and responsibilities, planning techniques, forming and managing a multi-disciplinary project team to generate solutions and recommend alternatives; capturing stakeholders requirements and expectations; developing conceptual cost estimates and models; undertaking life-cycle costing analysis; and producing a high-level project plan to guide project execution and control. Practical applications are covered in detail, along with presentations of case studies designed to help participants master the course materials.
This training course will feature:
Gaining knowledge of techniques used in project estimating, from the conceptual stage to the final detailed estimate
Understanding the different types of estimates used to confidently and progressively estimate project costs and schedule
Identifying risk sources and minimize their impact with and without contingency
Developing effective team management, performance monitoring and control systems
An integrated approach to scope, time, resources and cost management into a dynamic and manageable model
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