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Course Details
AACE COST ESTIMATION PROFESSIONAL (CEP) (CERTIFICATION PREPARATORY TRAINING)
Location
Date
To Date: 22-Nov-2024
Duration
Language
Discipline
Accounting, FinanceIntroduction
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
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
Case Studies, Group Exercises, Group Discussions, Last Day Review & Assessments will be carried out.
Note: The Course Manual will contain the Handouts as reference book as well as the Presentation Slides which will be used during the Course and supported by the Handouts.
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 motivating everybody to 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 a 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
$6,500 per participant includes Training Materials/Handouts, Tea/Coffee breaks, Refreshments, and Lunch.
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