Advanced Project Cost Engineering

Salvo Global’s Cost Engineering course will provide attendees with the skill and knowledge to control costs in their projects. Participants will learn the fundamentals of cost estimating, cost control, and planning. It is recognized that improving cost engineering capabilities within the industry contributes to the development of any project.

This course is in alignment with PMI PMBOK and AACE Standards. It will provide participants with a thorough background in the concepts of total cost management and cost engineering. It covers the application of cost engineering and cost management principles, proven methodologies in support of the management process.

This course covers all areas of knowledge and its concepts in the field of cost engineering and estimation, as required to attain the professional certifications CCP/CEP (Certified Estimating Professional) offered by AACE international.

The Association for the Advancement of Cost Engineering (AACE International) is recognized internationally, especially in the US and in the Middle-East’s emerging markets as the precursor of references, standards, best practices, and certifications in the field of Cost Engineering.

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Top Learning Objectives

  • Understand the Cost Engineering discipline and learn about the recommended practices and guidelines
  • Discover the Cost Management Knowledge Area in Project Management according to PMI standard PMBOK Guide and understand the relationship with the standards of AACE
  • Learn the fundamentals of financial mathematics and know how to calculate the time-value of money
  • Master how to calculate and interpret the economic evaluation indices of projects and of business alternatives
  • Know how to structure a solid business case for a project and asset investment based on solid quantitative estimation and forecasting methods
  • Discover how to use the main methods of an asset’s breakeven point
  • Understand the main cost estimation techniques and understand when and how they can be applied
  •  Study the main concepts of EVM for the development of the performance management baseline (PMB) and project control
  • Understand how risk management is integrated with cost estimating, investment analysis, project planning, and control
  • Know the different types of contract and how contract management processes are integrated

Who Should Attend?

  • Project Controls Manager
  • Project Controllers
  • Earned Value Specialists
  • Programme Directors/Managers 
  • Project Planners & Schedulers
  • Risk Management Offices Staff
  • Project Management Office Staff
  • Project Team Members
  • Cost Managers
  • Cost Controllers & Engineers
  • Project Sponsors
  • Project Consultants
  • Project Specialists
  • Project Engineers
  • Top Management

Trainer's Background

The trainer has over 25 years of professional experience in Project Management in different parts of the world. He is the Lead Author and Core Team Member… (2nd and 3rd latest Ed.) PMI Practice Standard for Earned Value Management. He is a reviewer of EVM ISO21508 and Lead author of ISO EVM Implementation Guide (under development), reviewer and contributor of GAO Cost Estimating and Assessment Guide (latest update), and founding President of the PMI Portugal Chapter and AACE Portugal Section (present).

Delegates of this course will earn 12 PDUs and 1.2 CEUs.

“Excellent instructor with complete mastery of the contents, and always available to clarify all questions raised by the participants.”

PDVSA,
Venezuela

Event Details

5th – 8th October 2020
8 AM – 11 AM UTC
Online Workshop