Accurate budget development and cost management are constant sources of concern for project managers, particularly those managing large, complex projects. Conducting cost and technical tradeoffs, establishing budgets, submission and evaluation of price proposals, preparing contract negotiation, and assessing the cost impact of introducing changes to existing project plans are some examples of issues that come into particular concern when considering different technical options in projects.
This 3-day master class will examine the discipline of cost engineering as an input to making cost-related decisions in projects – in particular cost estimating, cost analysis/ cost assessment, schedule analysis/planning, risk assessment, and earned value management.
By utilizing appropriate techniques, and processes in a rigorous way, delegates will then be able to be best able to predict or assess cost, minimize risk and impact
of overspends against budgets and ensure there is an appropriate balance between technical aspects and the related costs of projects.