EST201-2

Advanced Estimating & Value Engineering Training

2 Week Training Workshop

Advanced Estimating & Value Engineering Skills

·      Latest Tools, Technology & Data Sources

·      Insight into Recognizing Value in Proposals

o   Feasibility Stage

o   Design & Development Stage

o   Construction Phases Stage

o   Operation & Maintenance Stage

For Latest Program Schedule

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What is Covered in this Program?

·        Estimates are diligent determinations of Future Costs. Any prediction of the future is full of dangers - assumptions or scenarios form hidden backbones of any estimate. For reasonable prediction of the future an understanding of the behavior of a number of "present indicators of likely future costs" is essential. To control the accuracy of our estimates an analysis and monitoring of these "indicators" can assist us develop Early Warning Systems - so appropriate decisions can be taken before it is too late. Organizations need to incorporate their strategic objectives into the estimating process - this will ensure estimating and project management is aligned to the long term objectives of the organization.

·        Organizations also need to ensure their projects are Value Engineered at each phase of the project cycle. Converting Tangible and Intangible Benefits into Dollar Amounts is a Challenge for the Estimating Professional. In this program the participant will obtain the knowledge and step-by-step methodologies to enable performing to the above needs and objectives.

Who Should Attend?

·        All Estimators, Cost Professionals, Planners and Project Managers interested in taking away a good multi-discipline understanding of the estimating & Value Engineering Issues. The program will help them become productive quickly and help build  a knowledge framework that will help them identify, understand, classify and remember their job learning and experiences.

·        Implementation Teams involved in Value Engineering, Cost Reduction, Creating Value for Customers, Setting Strategy will also benefit from this program. This program should be considered particularly when a new project or initiative is being started in your organization; when a new strategic focus is being initiated, or, just prior to a consultant being hired to advise the organization on some improvement

Program Content

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

2.     Program Introduction

3.     Program Overview

4.     Estimating & Value Engineering Problems

5.     Bidding & Negotiation Issues

6.     Understanding "Value" for your Organization

7.     Understanding "Value" for your Customer

8.     Feasibility Stage Value Engineering Checklist

9.     Design & Development Stage Value Engineering Checklist

10.  Construction Phases Stage Value Engineering Checklist

11.  Operation & Maintenance Stage Value Engineering Checklist

12.  Impact of Contract Conditions on Estimates

13.  Good Practices in Estimating (Quality Assurance)

14.  Identifying Full Work Scope & Objectives

15.  Planning & Scheduling Impact on Estimates

16.  Computer Tools for Estimating

17.  Value Engineering Implementation Step-by-Step Methodology

18.  Understanding Strategic & Customer Focus for Estimating Function

19.  Best Practices for Estimating Management

20.  Program Recommendations

21.  Workshop 1

22.  Outline Action Plan to Implement Program Communicated Good and Best Practices

23.  Workshop 2

24.  Advanced Topics - More Details on Some Above Issues Important for Participants (Customized for each Participant Group)

25.  Increasing Productivity through Using Standard Forms, Templates, Checklists to Perform the IP Processes

26.  Performance Management System  to Measure Level of Performance in the Above Processes - we will develop the KPIs for the Above Processes

27.  Planning & Implementing a Departmental/Functional Knowledge Base - For IP Rights and Methods - Key to Achieving Quality Service Performance/Repeatability and Superior Performance in Our Organization

28.  Your Individualized Action Plan for Implementing Good Practices and Best Practices Discussed throughout the Program

29.   Enhanced Program Recommendations

Euro Training Ltd

3422 Old Capitol Trail, #1116, Wilmington, DE 19808, USA

Tel: +1 415 430 5181, +1 415 251 1359

Regn@EuroTraining.com,   EuroTraining@gmail.com

Fax: (US) + 1 650 649 2689

http://www.EuroTraining.com