course | Project Cost Engineering
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PMCM-421 | Project Cost Engineering
Course Sector : Project & Contract Management
| Duration | Date from | Date to | Course Venue | Course fees | Book a course |
|---|---|---|---|---|---|
| 5 Days | 2025-05-12 | 2025-05-16 | Abu Dhabi | $4,250 | Book now |
| 5 Days | 2025-08-18 | 2025-08-22 | Dubai | $4,250 | Book now |
| 5 Days | 2025-11-16 | 2025-11-20 | Manama | $4,250 | Book now |
Course Introduction
Project leaders and technical staff charged with delivering tangible results require objective cost assessments for funding and control decisions. The business purpose of the cost engineering function is to provide these assessments early and reliably so that a better decision may be made.
This intensive course examines the key concepts of cost engineering, including estimating, risk analysis, cost control, scheduling and change management to achieve the best value for investments and expenditures. It also provides methodologies, procedures and tools, along with hands-on application of use.
Course objective
- Apply the basics of project execution and control
- Understand estimates and prepare control budgets
- Prepare meaningful cost reports
- Use project schedules
- Prepare cash flow forecasts and calculate life-cycle costs
Course Outline | Day 01
PRE-TEST
- Introduction
- Professional associations & their role
- Cost estimating
- Tendering
Course Outline | Day 02
Project execution
- Contract Strategy
- Cost control
- Reliable Cost Estimating
- Accurate Cost Management
- Cost Elements
Course Outline | Day 03
Pricing and Costing
- Materials
- Labor
- Engineering Role and Project Success
- Machinery, Equipment, and Tools
- Economic Cost
- Activity-Based Cost Management
Course Outline | Day 05
Project schedules
- In-depth Project Analytics
- Scheduling basics
- Relationship with Cost
- Stay within time and budget
- Cash flow forecasting
Course Outline | Day 05
Life-cycle costing
- Value engineering
- Course Conclusion
- POST-TEST and EVALUATION
BOOST’s Professional Attendance Certificate “BPAC”
BPAC is always given to the delegates after completing the training course,and depends on their attendance of the program at a rate of no less than 80%,besides their active participation and engagement during the program sessions.
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