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Course Details

AACE COST ESTIMATION PROFESSIONAL (Certification Preparatory Training)

Location
Singapore
Date
From Date: 18-Oct-2021   
To Date: 22-Oct-2021
Duration
5 Days
Language
English
Discipline
Introduction

Ref No:        REFCE001
Title:            AACE Cost Estimation Professional (Certification Preparatory Training)
Start Date:   18 October2021  End Date: 22 October 2021  
Venue:          Singapore
Fee:               $5,750

Training will be held at any of the 5 star hotels. The exact venue will be informed once finalized.

Today’s ever-changing business environment requires new approaches to Cost Engineering Management, which has become an important tool for dealing with time-to market, resources, limitations, downsizing and global competition. As markets and project organizations become more dynamic, administrative and technical skills alone are no-longer sufficient to deal with the complexities of modern project undertakings.

The Certified Estimating Professional (CEP) course/certification program is designed to establish credentials for those individuals working in the estimating field.

PDUs/CONTACT HOURS OFFERED
Total – 6 CEUs

Objective

This certification program will give professionals a means to validate their skills and knowledge and provide the essential need for cost estimating practical implementation in the real world and the need of transferring theoretical to practical becomes a great challenge in the real world business which will direct and guide all project management knowledge areas implementation to achieve companies goals and objectives. Also, it distinguishes the Certified Estimating Professional who has the knowledge and skills that impact the bottom line.

Audience

Quantity surveyors, Estimators, engineers, project managers, accountants, financial, site managers, site engineers and any one interesting in estimating field.

Content

COURSE OUTLINE:

DAY 1

  • Course Introduction
  • CEP Certification Requirements CEP Certification
  • Examination Structure
  • Test Your CEP Knowledge
  • Introduction to the Cost Estimating Competency Model
  • Cost
  • Price
  • Materials
  • Equipment
  • Labor

DAY 2

  • General Estimating Concepts
  • Cost Estimating Terminology
  • Cost Estimate Classifications
  • Estimate Variability
  • Estimating Algorithms
  • Workshops

DAY 3

  • Codes of Accounts
  • Historical Cost Data
  • Internationalization
  • Estimating Processes and Practices
  • Planning the Estimate
  • Estimating Methodologies
  • Quantification
  • Costing
  • Pricing
  • Workshops

DAY 4

  • Conditioning
  • Risk Evaluation and Contingency Determination
  • Estimate Documentation
  • Estimate Reconciliation
  • Estimate Review and Validation
  • Estimate Reporting
  • Estimate Closeout
  • Building Information Modeling (BIM)
  • Workshops

DAY 5

  • Other Estimating Issues
  • Bidding
  • Budgeting
  • Project and Lifecycle Costing
  • Project and Product Costs
  • Integrated Project Delivery
  • Exam simulation

NOTE:

  • Pre & Post Tests will be conducted
  • Post tests will be with minimum pass marks 
  • 80% of attendance is a must to receive Certificate
  • Case Studies, Individual & Group Exercises, Project works (making in to groups), Role plays, Group Discussions, Last Day Review & Assessments will be carried out as applicable.
Certificate

DEFINE Management Consultancy & Training Certificate of course completion will be issued to all attendees with valid approved Logo of AACE (Certification Preparatory Training by AACE).

Methodology

A highly interactive combination of lectures and discussion sessions will be managed to maximize the amount and quality of information and knowledge transfer. The sessions will start by raising the most relevant questions, and motivate everybody find the right answers. You will also be encouraged to raise your own questions and to share in the development of the right answers using your own analysis and experiences. Tests of multiple-choice type will be made available on daily basis to examine the effectiveness of delivering the course. All presentations are made in excellent colourful power point. Very useful Course Materials will be given.

  • 30% Lectures 
  • 30% Workshops and work presentation 
  • 20% Group Work & Practical Exercises 
  • 20% Videos & General Discussions
Fees
5,750 US$ per participant includes Training Materials/Handouts, Tea/Coffee breaks, Refreshments and International Buffet Lunch.

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