EST202 (6 days) (+ 2 Day Optional Workshop)

Advanced Estimating & Value Engineering Training

Including Latest Tools, Technology Data Sources

Including implementing Value Engineering on Feasibility, Design, Development and Construction Projects.

A VERY PRACTICAL PROGRAM

A 6 day Training Program (+ 2 Day Optional Workshop)

This program builds on the skills developed in EST200 program. It covers advanced concepts in Estimating including: Information Technology Tools, Quality Assurance Methodology, Contractual Aspects and Management Issues in Effective Estimating and Value Engineering.

Program Dates

Worldwide Training Dates

USA Training Schedule

14-19 Jan 2010 (Dubai) 24-29 Jan 10 (Dubai) 14-19 Feb 10 (Paris) 7-12 Mar 10 (Dubai) 27 Mar- 1 April 10 (Kuwait) 11-16 April 10 (Kula Lumpur) 2-7 May 10 (London) 15-20 May 10 (Dubai) 15-20 May 10 (Abu Dhabi) 13-18 June 10 (London) 27 June - 2 July 10 (Kuala Lumpur) 11-16 July 10 (London) 11-16 July 10 (Dubai) 26-31 Aug 10 (Paris) 15-20 Aug 10 (Kula Lumpur) 11-16 Sept 10 (Dubai) 10-15 Sept 10 (Abu Dhabi) 17-22 Oct 10 (London) 16-21 Oct 10 (Cape Town, South Africa) 6-11 Nov 10 (Dubai) 6-11 Nov 10 (Kuwait) 7-12 Nov 10 (Kula Lumpur) 12-17 Dec 10 (London) 12-17 Dec 10 (Paris) 1-6 Jan 2011 (Dubai) 1-6 Jan 2011 (Abu Dhabi)

27 Dec - 1 Jan 2010 (San Francisco) 22-27 Mar 10 (San Francisco) 25-30 April 10 (San Francisco) 30 May - 4 June 10 (San Francisco) 25-31 July 10 (San Francisco) 27 Sept - 2 Oct 10 (San Francisco) 22-27 Nov 10 (San Francisco) 27 Dec - 1 Jan 2011 (San Francisco)

Program Objectives...

This program will build the following skills:

• How to go about preparing estimates ensuring Quality Assurance in Estimate Completeness and Accuracy?

• How to obtain Realistic Cost Estimates?

• Advanced Methodologies for Material Takeoff from Specifications Drawings and Quality Assurance Checks.

• How to ensure that these Estimates have been prepared after application of Value Engineering Analysis.

• How to Setup Estimating Cost Control Early Warning Systems.

• Effective use of Estimating Information Technology Tools - Estimating Organizing and Historical Cost Database System Development.

• The Sources of Estimating, Prediction and Value Engineering Information (including that available on the internet) and How to Interpret them to be relevant to your organizations estimating needs.

Who Should Attend?

Professionals with responsibility to Estimate, Review Estimate, Approve Project Budgets, Evaluate Proposals and Variation Orders and Control Costs. These will include Estimators, Managers, Engineers, Cost Engineers, Planning Engineers, Work Administrators, Project Supervisors, Project Managers, Management Consultants, Management Auditors, Cost Controllers etc..

Euro Training Credentials…

Euro Training Ltd has been providing world-wide training in Practical Estimating and Cost Control for the last 15 years. The Gulf participants list for Euro Training programs includes most of the Oil Companies, Ministries, Major Consultants, Contractors and Business Groups – References available on request.

About this Program…

Estimates are 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.

In this age of information the Estimating professional can have access to a number of sources of information to assist him obtain realistic estimates –but the problem of relevance or applicability of the data to your organization needs to be sorted out. All these methodologies and more will be discussed in this program.

Why is Value Engineering Important in Estimating Study?

It is cost-effectiveness. It is doing away with waste of resources. This is what management is looking for in this increasing globalized and competitive marketplace. Value engineering, is the systematic analysis of the functions of a program, project, system, product, item of equipment, building, facility, service, or supply, performed by qualified personnel or contractor personnel, directed at improving performance, reliability, quality, safety, and life-cycle costs.

Program Style

The Program extensively relies on Quality Assurance Checklists and Case-Study Approach to Estimating. Program emphasis is on practical skills required by the job function. Management based on facts is emphasized – in place of based on "feelings". Discussion, implementation and case studies will be based on actual conditions prevailing in the area where the program is being held.

 

PROGRAM AGENDA

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

(Program Timings 8:30 AM to 2:30 PM)

 

Day 1

• Registration

• Program Introduction

• Program Overview

• Estimating & Value Engineering Problems

Day 2

• Bidding & Negotiation Issues

• Understanding "Value" for your Organization

• Understanding "Value" for your Customer

• Impact of Contract Conditions on Estimates

• Good Practices in Estimating (Quality Assurance)

Day 4

       Value Engineered...

• Work Scope & Objectives: Physical, Documentation & Strategic

• Planning & Scheduling

 Day 5

• Value Engineered Estimating Methodology

Day 6

• Computer Tools for Estimating

• Value Engineering Implementation Step-by-Step Methodology

• Quality Assurance in Estimating

• Program Recommendations and Your Action Plan

Day 7 (Workshop)

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

  • Feasibility Project

  • Design Project

  • Construction Project

Day 8 (Workshop)

• Hands on Value Engineering Analysis for a Project.

For Latest Program Schedule Email:

    est202@EuroTraining.com

Registration Recommendations

It is recommended you nominate two participants together for this program.

Single nominations will also be considered.

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 $6,500 per participant includes Course Materials, Certificate, Refreshments and Lunch. (An additional Service Fee is Charged at Certain Locations including London and Paris)

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.

Advanced Estimating & Value Engineering Training Including Latest Tools, Technology Data Sources EST202