Best Training You Can Attend - A Lifetime Benefit

Estimating; Early Warning Cost Control Systems Including Using Databases;Resources - Cost Engineering; Value Engineering Techniques

EST-200 (2 weeks)

Estimating, Budgeting,

Cost Control & Value Engineering Skills

Providing Expert Multidiscipline Understanding of the Issues including Industry Good and Best Practices.

Including...

  • Standardized Practices

  • Estimating Knowledgebase

  • Early Warning Systems for your Budget Overruns
  • Process Approach
  • Quality Assured Approach
  • Customer Focus

This program is Cost Engineering 101 - Provides understanding of Fundamental Cost Engineering Issues.

A VERY PRACTICAL PROGRAM

A 2 week Intensive Workshop

  • This Program is Intended for any Professionals Preparing, Analyzing, Auditing or Approving  Estimates. Proposals, Value Engineering Ideas, Claims or Budgets.

  • The program will provide the participant with the essential methodologies and tools for effective estimating, budgeting, cost control and value engineering on his job.

  • The program emphasises use of standardized methods, procedures, knowledgebase and checklists.

  • The participant will be empowered to participate and potentially lead corporate effort to build an estimating knowledgebase and early warning systems of potential overruns.

  • A workshop during the program will give the participant a hands on opportunity to Prepare a Project Estimate.

 

Program Dates

Worldwide Training Dates USA Training Schedule

  • 11-22 July 10 (London)

  • 20-31 Aug 10 (Dubai)

  • 9-20 Aug 10 (Kuala Lumpur)

  • 19-30 Sept 10 (Dubai)

  • 4-15 Oct 10 (London)

  • 11-22 Oct 10 (Cape Town, South Africa)

  • 15 Oct -26 Oct 10 (Dubai)

  • 27 Oct -7 Nov 10 (London)

  • 7-18 Nov 10 (Kuala Lumpur)

  • 26 Nov - 4 Dec 10 (London)

  • 6-17 Dec 10 (London)

  • 5-16 Dec 10 (Dubai)

  • 15-26 Dec 10 (Dubai)

  • 21 July - 1 Aug 10 (San Francisco)

  • 1-12 Sept 10 (San Francisco)

  • 16-27 Nov 10 (San Francisco)

  • 21 Dec 10 - 1 Jan 2011 (San Francisco)

PROGRAM AGENDA

(Subject to Customization by Program Director based on Participant Group)

(Program Timings 8:30 AM to 2:30 PM) (Some Days 3:00 PM - 7:30 PM)

 

Day 1

  • Registration

  • Program Introduction

  • Program Overview

  • Estimating & Cost Control Problems

Day 2

  • Understanding the Estimating Problem

  • Estimating vs. Guess Work

  • Classification of Costs

  • Bidding & Negotiation Issues

  • Analyzing Production Costs

Day 3

  • Impact of Contract Conditions on Estimates

  • Good Practices in Estimating (Quality Assurance)

Day 4

  • Defining Work Scope & Objectives: Physical, Documentation & Strategic

  • Understanding Planning & Scheduling

  • Impact of Planning Decisions on Costs

  • Cost Escalation

Day 5

  • Material Takeoff

  • Standard Material Costs Data

  • Work Method

  • Productivity

  • Labour Hours

  • Labour Rates Data

Day 6

  • Site Overheads

  • Head Office Overheads

  • Profit Allowance

  • Contractor's Contingency Allowances

  • Owner/Client's Contingency Allowances

Day 7

  • Cost Control…

    • Achievement Measurement

    • Regular Achievement Analysis

    • Monitoring by Milestones

    • Monitoring by Variances

    • Impact of Variation Orders Claims

    • Predicting for Remaining Part of Work

  • Reporting Variances

  • Proactive Reporting using Early Warning Systems

Day 8

  • Computer Tools for Estimating

  • Value Engineering Implementation

  • Quality Assurance in Estimating

  • Program Recommendations and Your Action Plan

Day 9 (Workshop)

  • Hands on Preparing an Estimate for a Project using Checklists & Forms

    • Feasibility Project

    • Design Project

    • Construction Project

Day 10 (Workshop)

  • Evaluating Estimate or Cost Proposal Prepared by Others

    • Feasibility Project

    • Design Project

    • Construction Project

  • Using Computer Tools for Estimating

Program Outcomes and Take-Away/s

Euro Training is in the business of  providing practical useful training programs. Programs that

  1. Help the participant implement improvements in his organization.
  2. Help the participant gain Multi-discipline understanding of the issues so that he can incorporate the needs and expectations of all his stakeholders/ customers in his improvement proposals and actions.
  3. Help build a knowledge framework in which job related experience can be caught and remembered as his experience.

Typical participant will take away a personalized action plan for himself, his business unit or his organization on how to apply the program contents to improve performance. The action plan may have two components:

  1. A Personal Action Plan
  2. A Business Unit/Organizational Action Plan

Benefits to Organization

Sending participant/s to this program will benefit the organization in the following ways

  1. Quickly makes the participants competent, effective and productive on his job. Useful especially for
    1. Training New employees
    2. Competency Building in Existing Employees Transferred to a New Assignment
    3. Training Prior to a New Project or Initiative Planned in the Organization
  2. Create Competency in the employee to perform his job well. including in relation to
    1. Relevant Technical Knowledge, Skills and Competencies
    2. Organizations' Strategic Objectives
    3. Needs and Expectations of the Stakeholders/ Customers (internal & external)
    4. Good Management Practices
    5. Identifying opportunities to Exceed Stakeholder/ Customer Expectations
  3. Create a pool of trained manpower who can cost-effectively disseminate the knowledge to large number of employees inside the organization. This is made possible by Euro Training's unique easy to understand and use methodology based on Checklist & Quality Assurance Approaches.
  4. Euro Training Instructors often act as mentors for your trained employees. A most effective way to ensure effective competency development and application by your motivated staff. We do have consultants available across Americas, Europe, Asia and Africa (Please inquire about our post program mentoring plans)

Participant Individual Career Benefits

  1. You gain a multi-discipline understanding of the issues. Meaning when you make proposals and decisions on your related job you will keep in mind the needs and expectations of ALL the stakeholders/ customers (internal & external)
  2. The action plan you take away will help you make a difference in your business unit or organization. This difference when added to your resume will make you a prime candidate for career advancement in your own organization or in your next job/s.
  3. Understanding and acting with understanding of the Needs and Expectations of your stakeholders/ customers is known to  to enhance Job Satisfaction and reduce Monday Morning Blues.
  4. As one of your stakeholders/ customers is Executive Management, therefore the program ensures you will know the Strategic Imperatives that Drive the Organization's Efforts in your relevant job area. In the process enabling you to make a leadership contribution.

This Program is Intended for…

Those new to the field take away a good multi-discipline understanding of the issues involved in the program works. It helps them become productive quickly and builds in them a knowledge framework that will help identify, understand, classify and remember on the job experiences in his memory.

More experiences participants take-away an individualized action plan as mentioned elsewhere in this technical sheet.

Implementation Teams: This program can be used to train implementation teams where...

  1. a new project or initiative being started in your organization

  2. a new strategic focus is being initiated

  3. just prior to a Consultant being hired to advise the organization.

Each participant will take away a memorable and potentially life changing experience from the program.

No limitations are being placed on who can attend. If you are interested in the Program Outcomes and Takeaways, or, feel you can benefit from the Organizational and Personal Benefits mentioned above - You are Invited to Register for this Program. Program Instructors have the knowledge, experience and access to resources required to customize the program to the specific job related needs of each program group.

Everyone with responsibility to Prepare, Review or Manage Estimates, Project Budgets, Proposals, Variation Orders, Cost Control and MIS Systems.

These will include Estimators, Managers, Engineers, Work Administrators, Project Supervisors, Project Managers, MIS Executives, Cost Control Staff…

Language of  Instruction

Unless otherwise stated the program instruction is in Standard Day-to-Day English. Participants can request the instructor to provide a program vocabulary which will ensure they have no problem understanding the content.

Other language versions are being developed by our consultants and regional partners including program in French, German, Spanish and Arabic. Please do contact us for your specific language needs.

Registration Recommendations

Team Nominations: Since the program aims to ensure the participants have his individualized improvement plan at the end of the program, and foreseeing the effort involved, anticipating resistance and implementation requirements it is recommended that the organization nominate at least two participants together (three will be more desirable to allow for attrition) for this program.

It is anticipated that these 2 or more participants will work together as a team or provide mutual support in order to implement the action plan.

Single nominations will also be accepted for the program. Single nominations are typically used  to:-

  1. Develop personnel skills in Critical Skills and Methodologies covered in this program.

  2. Audit this program for deciding its content and methodology's effectiveness in meeting your organizational needs

  3. Train individuals for Leadership Roles in Business unit or department. Here this program will help the participant coach and lead his team in these Critical Skills and Methodologies. (Program does not typically cover coaching skills but provides the related technical  understanding in an easy to communicate manner. )

The program will develop in the participant a performance level understanding of:

  • The Multi-discipline nature of the Estimating Function.

  • Issues and Methods for obtaining Realistic Cost Estimates

  • Understanding Project Planning and how it Impacts Costs

  • Methodologies for Work Scope Development

  • Material Takeoff from Specifications Drawings.

  • Applying Value Engineering Analysis to Estimating.

  • Setting-up Cost Control Early Warning Systems.

  • Using Computer Tools for Estimating.

  • Sources of Estimating, Prediction and Value Engineering Information

  • Cost Control Early Warning Systems for detection of overruns

  • Assist participant develop Estimating Knowledgebase for his Section.

For Latest Program Schedule Email:

    est200@EuroTraining.com

REGISTRATION INFORMATION

  1. Please complete the Registration Form (Available at http://www.eurotraining.com/etl-reg.html) and FAX to UK +44 207 6811444 or Email to: euro@eurotraining.com
  2. Fee is USD $8900 per participant includes Course Materials, Certificate, Refreshments and Lunch. (An additional Service Fee of 10% is Charged at Certain Locations including London, Paris and Kuala Lumpur)
  3. Accommodation is not included in Program fee. Special rates will be available at venue hotel for the participants.
  4. Program Fee information is available by Emailing:  fees@eurotraining.com. Fee is payable by Bank Transfer or Bank Draft in favor of the local representative office.
  5. Early Registration & Payment discount is 10% - if registration and fee payment is made at least 45 days before start of the program.
  6. Fee includes Course Materials, Certificate/s, Refreshments and Lunch. Program Timings are 8:30 AM to 2:30 PM but on some days (to be announced by instructor/s) you may be asked to attend from 3:00 PM to 7:30 PM. For First Day Program Timings see your Joining Instructions.

Estimating, Budgeting, Cost Control & Value Engineering Skills EST200

Contact: Mr Harry Miller, General Manager

FAX (UK) Fax : +44 207 6811444

FAX (USA) +1 650 6492689

UAE Dubai Fax +971 84 481032

www.EuroTraining.com

www.EuroTrainingUK.com

Email: euro@eurotraining.com  or   euro@eurotraining.com

Registration Form available at http://www.eurotraining.com/etl-regn.html

 

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