Cost Engineering and Budget Management for Projects
- Understand the requirements of projects and documenting them
- Create a Project Charter based on the phases, deliverables, external influences,
metrics, control points and change management
- Control an overall project schedule and understand how budget is tied to each individual project activity
- Develop an overall project schedule and understand how budget is tied to each individual project activity
- Calculate project budget and contingency amounts by developing accurate estimate by looking at resources costing, cost factors, overheads and management reserves
- Manage contractor costs and payments
- Identify and prioritise risks in order to control and manage the project budget
- Use Earned Value Management as the most accurate way to track project progress
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.
This course is intended particularly for all the professionals who are or will be responsible for controlling or supporting
programs and large or complex projects, services and systems, including the following:
• Project Controls Manager
• Project Controllers
• Programme Directors/Managers
• Project Office Managers
• Project Managers
• Project Planners & Schedulers
• Project Engineers
• Cost Managers
• Cost Engineers
• Project Consultants
• Project Specialists
• Technical Services
• Engineering Services
All information regarding the event will be listed on our event brochures. It contains all the necessary information such as the Investment Fee, Full Course Agenda, Top Learning Objectives, Trainer’s Profile, and more. You may request for an event brochure by:
a. Signing up on the Request for Brochure form located at the Event Page
b. Leaving a message to Sally via Salvo’s Support Message Box.
c. Sending an e-mail to firstname.lastname@example.org
You will be required to provide details such as your Name, Organisation, Corporate E-mail Address, Contact Number, and Country of Origin.
The exact hotel location will be made known to all delegates privately approximately 1 month prior to the commencement date. We do have preferential corporate rates at the event hotels. Interested parties may inquire at email@example.com or request for the event brochure. Delegates who have confirmed their participation with us will be contacted by our team as soon as a venue is finalised. Usually, we hold all our events in 5 star hotels based in the city centre.
Salvo typically provides a 10% discount from the original investment fee per delegate should a company send 3 or more delegates to attend the course. Specific discounts may differ for respective programs so please email firstname.lastname@example.org for further confirmation on the exact discount.
Aside from the group discount mentioned above, Salvo offers a special Early Bird Discount once a new event is released. However, delegates must register as soon as possible since the special rate will only be available for a limited time.
The Investment Fee will cover all the course documents and materials that will be used during the training, as well as luncheons and coffee breaks during the training program. The Investment Fee does not cover the travel and accommodation expenses of the delegates, however, we can assist you by providing details on the estimated cost for both. The Investment Fee is also exclusive of tax. Taxes are to be borne by the delegate’s organisation.
Once you receive a copy of the event brochure, complete the registration form which is located on the last page and send it back to us. Upon receipt of the completed registration form with authorization, we will proceed to block the seat(s) on our system for your organization. Thereafter, the invoice will be sent out by our Finance team for processing of payment.
Your payment can be made via Telegraphic Transfer or via Credit Cards through American Express, MasterCard, Visa or Diners. Bank charges and local withholding tax are to be borne by the registrant.
Full payment should be made within TEN (10) WORKING DAYS upon receipt of invoice.
Aside from the knowledge that our expert trainers are imparting, a Certificate of Completion will be issued to all delegates completing a minimum of 90% of the total hours of the course. Some of our events offer takeaways and free consultation after the course. It varies from programs to programs.
You will receive a pre-course questionnaire upon successful registration. Kindly state your specific concerns and issues on this questionnaire and send it back to us, as this will be consolidated and forwarded to the trainer during the formulation of the course agenda. Alternatively, you can also email us at email@example.com regarding your concern so we can be in touch to ensure that your concerns is addressed asap.
The registration form carries at least a 50% cancellation liability 6 weeks prior to the commencement date of the event after a signed sales resignation contract has been received by Salvo. If we are notified less than 2 weeks prior to the commencement date of the event, full cancellation fees is applicable.
With that said, we do understand that last minute changes do occur in organizations due to last minute change in schedule, job requirements etc. As such, please contact us soonest at firstname.lastname@example.org so we can assist in the best way forward for any changes.