ADVANCED SKILLS IN PROJECT SCHEDULING, COST PLANNING & VALUE ENGINEERING

This course is structured into two modules. In the initial week, participants will learn the techniques for providing accurate cost and schedule estimates during the early stages of project conceptualization and planning.

The second week delves into the concept of Value Engineering (VE), a methodical and creative approach aimed at empowering project stakeholders to optimize project value, reduce life-cycle costs, address financial considerations, and eliminate unnecessary expenses.

The Project Scheduling, Cost Planning & Value Engineering Skills training course employs a systematic, step-by-step methodology covering the entire project lifecycle, from initiation and planning to execution, monitoring, control, and closure. It addresses crucial aspects such as roles and responsibilities, planning techniques, team formation and management, stakeholder requirements, conceptual cost estimation, life-cycle costing analysis, and high-level project planning. The course emphasizes practical applications, integrating detailed case studies to ensure a comprehensive understanding of the materials.

• Acquiring proficiency in project estimating techniques, spanning from the initial conceptualization to the comprehensive detailed estimate.
• Grasping the nuances of various estimate types to confidently and progressively gauge project costs and schedules.
• Recognizing potential risk sources and implementing strategies to mitigate their impact, both with and without contingency.
• Cultivating skills in team management, and establishing efficient performance monitoring and control systems.
• Integrating a comprehensive approach that harmonizes scope, time, resources, and cost management into a dynamic and manageable model.

• Individuals with roles in diverse projects, including cost estimators, project schedulers, project designers, project planners, contracts professionals, project procurement and purchasing staff, and project control and business services professionals engaged in preparing cost/schedule estimates and project proposals for client and contracting companies.
• Those keen on gaining insights into estimation and control within a project environment.
• Participants involved in project initiation, engineering design, and critical project assessments.
• Decision-makers responsible for significant plans and budgets in large and complex projects.
• Project or Program Sponsors, Project Managers, Cost Estimators, Cost Controllers, Engineers, Designers, and Project Staff.
• Aspirants looking to enhance value delivery across various sectors, including construction, manufacturing, petrochemicals, healthcare, education, legal, and public services.

TRAINING METHODOLOGY