Course Details

Objective

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.

This training course will provide participants with a thorough background in the concepts of total cost management and cost engineering. The course addresses area of Total Cost Management through planning and controlling resources, costs, profitability and risk. i.e managing cost throughout the life cycle of any enterprise, program, facility, project, product or service.

The course covers the application of cost engineering and cost management principles, proven methodologies and the latest technology in support of the management process. Practical sessions will provide hands-on experience.

Content

Course Introduction

• Nature of the CCP Exam
• The Nature and Type of Questions
• Cost Elements
• Pricing & Costing
• Materials
• Labor
• Engineering Role & Project Success
• Machinery, Equipment, & Tools
• Economic Costs

Activity-Based Cost Management

Cost Estimating Conceptual Estimating Methodologies

• • Deterministic Estimating Methodologies
  • Process Product Manufacturing
  • Discrete Product Manufacturing
  • Project planning
  • Understanding Time Management Environment
  • Critical path method (CPM)
  • Schedule development
  • Earned Value Overview
  • Performance and Productivity Management
  • Project Management Fundamentals
  • Project Organization Structure
  • Project Communication
  • Project Labor Cost Control
  • Leadership and Management of Project People
  • Quality Management
  • Value Analysis
  • Contracting for Capital Projects
  • Strategic Asset Management
  • Change Management Practical Guide
  • Overview of Construction Claims & Disputes
  • Financial & Cash Flow Analysis
  • Practical Corporate Investment Decision-Making Guide
  • Statistics & Probability
  • Optimization
  • Risk Management Fundamentals
  • Risk Management Practical Guide
  • Total Cost Management Overview
  • The International System of Units (SI)

Workshops

• Workshop # 1 - Section 1—Cost
• Workshop # 2 - Section 2— Cost Estimating
• Workshop # 3 - Section 3— Planning & Scheduling
• Workshop # 4 - Section 4— Progress & Cost Control
• Workshop # 5 - Section 5— Project Management
• Workshop # 6 - Section 6—Economic Analysis, Statistics, Probability and Risk Analysis

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 into groups), Role plays, Group Discussions, Last Day Review & Assessments will be carried out as applicable.

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 motivating everybody to find the right answers. You will also be encouraged to raise your questions and to share in the development of the right answers using your analysis and experiences.  Tests of the multiple-choice type will be made available daily to examine the effectiveness of delivering the course.

Very useful Course Materials will be given.

• 30% Lectures
• 30% Workshops and work presentation
• 20% Group Work& Practical Exercises
• 20% Videos& General Discussions