Formats⟩Live Virtual: 4 hrs./day, 2 Days |In-Person: 6 hrs./day, 2 Days
Organizations need to know how important it is to assign and schedule projects based on team capacity and to try to keep everyone on the same page. We will teach you the fundamental aspects of project cost estimating by accurately outlining a project’s scope of work which includes tasks, duration, and resources required to forecast a project’s total cost to deliver.
Learning Objectives »
Identify the elements, methods, and characteristics of
project cost estimating.
Work through the phases of project planning.
Analyze estimation, budgeting, and resource allocation.
Apply risk management analysis and strategies.
Learn the process at project maturity.
Course Agenda
Intro to Project Cost Estimating
What is Project Cost Estimating
Elements of Project Cost Estimating
Sub-elements of Project Cost Estimating
Common Methods for Estimating Costs
Steps for Estimating Costs
Characteristics of Good Cost Estimates
Causes of Inaccurate Cost Estimates
Project Planning
Planning and Project Costs
Options for Estimating Project Costs
Triple Constraints
Planning Components
Project Action Plan
Work Breakdown Structure
Inventory Control System
Responsibility Matrix
Project Budgeting
Estimating Time
Equation for Standard Deviation
Task Analysis Worksheet
Resource Allocation and Leveling
Risk Management
Uncertainty vs. Risk
Contingency
Risk Management Tools
Risk Analysis
Risk Management Process and Ranking
Risk Breakdown Structure
Potential Problems
Project Turnaround Action Steps
Project Maturity
Project Life Cycle
Project Execution
Collecting and Reporting
Earned Value Analysis
Project Review
Control and Evaluation
Project Cost Estimating Training Course
Formats⟩Live Virtual: 4 hrs./day, 2 Days |In-Person: 6 hrs./day, 2 Days
Organizations need to know how important it is to assign and schedule projects based on team capacity and to try to keep everyone on the same page. We will teach you the fundamental aspects of project cost estimating by accurately outlining a project’s scope of work which includes tasks, duration, and resources required to forecast a project’s total cost to deliver.
Learning Objectives »
Identify the elements, methods, and characteristics of
project cost estimating.
Work through the phases of project planning.
Analyze estimation, budgeting, and resource allocation.
Apply risk management analysis and strategies.
Learn the process at project maturity.
Course Agenda
Intro to Project Cost Estimating
What is Project Cost Estimating
Elements of Project Cost Estimating
Sub-elements of Project Cost Estimating
Common Methods for Estimating Costs
Steps for Estimating Costs
Characteristics of Good Cost Estimates
Causes of Inaccurate Cost Estimates
Project Planning
Planning and Project Costs
Options for Estimating Project Costs
Triple Constraints
Planning Components
Project Action Plan
Work Breakdown Structure
Inventory Control System
Responsibility Matrix
Project Budgeting
Estimating Time
Equation for Standard Deviation
Task Analysis Worksheet
Resource Allocation and Leveling
Risk Management
Uncertainty vs. Risk
Contingency
Risk Management Tools
Risk Analysis
Risk Management Process and Ranking
Risk Breakdown Structure
Potential Problems
Project Turnaround Action Steps
Project Maturity
Project Life Cycle
Project Execution
Collecting and Reporting
Earned Value Analysis
Project Review
Control and Evaluation
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