Course details
In this program you will learn about...
Comprehensive Multi-Discipline Skills to Empower you for Taking Effective Decisions on Your Estimating, Procurement, Budgeting or Project Management Job.
The program will provide the participant with the essential PRACTICAL methodologies and tools for effective planning, estimating, budgeting, cost control and value engineering on his job.
The program emphasises use of standardized methods, procedures, knowledgebase and checklists.
The participant will be empowered to participate and potentially lead corporate effort to build an estimating knowledgebase and early warning systems of potential overruns. A workshop during the program will give the participant a hands on opportunity to Prepare a Project Plan and Estimate.
4 weeks of Intensive Training & Workshop Leading to Professional Recognition through the Award of a Diploma (on Successful Completion of Program and Passing the Written Test)
Program Content
The program will provide the participant with the essential PRACTICAL methodologies and tools for effective planning, estimating, budgeting, cost control and value engineering on his job.
The program emphasises use of standardized methods, procedures, knowledgebase and checklists.
The participant will be empowered to participate and potentially lead corporate effort to build an estimating knowledgebase and early warning systems of potential overruns. A workshop during the program will give the participant a hands on opportunity to Prepare a Project Plan and Estimate.
Also included is a Workshop and Action Plan: An Implementation Strategy for Your Organization/ Department.
(Subject to Customization by Program Director based on Participant Group)
(Program Timings 8:30 AM to 2:30 PM Some Days 3:00 PM - 7:30 PM)
- Estimating & Value Engineering Overview
- Estimating & Cost Control Problems
- Understanding the Estimating Problem
- Estimating vs. Guess Work
- Classification of Costs
- Bidding & Negotiation Issues
- Analyzing Production Costs
- Impact of Contract Conditions on Estimates
- Good Practices in Estimating (Quality Assurance)
- Defining Work Scope & Objectives: Physical, Documentation & Strategic
- Understanding Planning & Scheduling
- Impact of Planning Decisions on Costs
- Cost Escalation
- Material Takeoff
- Standard Material Costs Data
- Work Method
- Productivity
- Labour Hours
- Labour Rates Data
- Site Overheads
- Head Office Overheads
- Profit Allowance
- Contractor's Contingency Allowances
- Owner/Client's Contingency Allowances
- Cost Control…
- Achievement Measurement
- Regular Achievement Analysis
- Monitoring by Milestones
- Monitoring by Variances
- Impact of Variation Orders Claims
- Predicting for Remaining Part of Work
- Reporting Variances
- Proactive Reporting using Early Warning Systems
- Computer Tools for Estimating
- Value Engineering Implementation
- Quality Assurance in Estimating
- Program Recommendations and Your Action Plan
- Hands on Preparing an Estimate for a Project using Checklists & Forms
- Feasibility Project
- Design Project
- Construction Project
- Evaluating Estimate or Cost Proposal Prepared by Others
- Feasibility Project
- Design Project
- Construction Project
- Using Computer Tools for Estimating
- Bidding & Negotiation Issues
- Understanding "Value" for your Organization
- Understanding "Value" for your Customer
- Impact of Contract Conditions on Estimates
- Good Practices in Estimating (Quality Assurance)
- Value Engineered...
- Work Scope & Objectives: Physical, Documentation & Strategic
- Planning & Scheduling
- Value Engineered Estimating Methodology
- Computer Tools for Estimating
- Value Engineering Implementation Step-by-Step Methodology
- Quality Assurance in Estimating
- Understanding Strategic & Customer Focus for Estimating Function
- Good Practices for Estimating Management
- Best Practices for Estimating Management
- Program Recommendations and Your Action Plan
- Hands on Preparing an Estimate for a Project using Checklists & Forms
- Feasibility Project
- Design Project
- Construction Project
- Hands on Value Engineering Analysis for a Project.
Course Location
About PetroTech
Knowledge
The adage that “knowledge” is power holds very true in this industry. In order to maximize results we are constantly updating and upgrading ourselves. This commitment to ongoing skills development is one of the reasons we are success, the belief that there is a “better way to do things” is what motivates us each and every day. By aligning with us you are going to benefit from our years of expertise in real world scenarios. Classroom learning is great but there is no substitute to real world experience which is what we are bringing to the table.
Quality
Billionaire investor Warren Buffett said “price is what you pay but quality is what you get” and that expression is very true. With use we understand that your time is very valuable and you only want the best and most current industry related knowledge which is what we bring to the table. Instead of giving you massive amounts of inaccurate or outdated information you get precisely what you want, the most current knowledge so you can make truly informed decisions that will directly impact productivity and your bottom line. When results are what you are looking for then the choice is clear, we are your partners in success.
Innovation
Technology has revolutionized the way knowledge is disseminated in throughout the world, what use to take months or even years to reach the masses can be done in a few hours ! In order to remain relevant and viable we need to embrace innovations. The challenge with innovation is knowing when to implement it and what type of return you can expect from it. Instead of risking your time and resources we have the answers for you, Since we are at the vanguard of the industry whenever there is a fruitful innovation we will be there providing you with the information needed to make the right decision.
Respect
We understand you may have unique need so we provide a tailored made (bespoke for our U.K. friends) approach that will address your questions in the most conducive manner possible. Respect to us means putting your interests, your needs at the forefront of our mind. You will see how genuine we are and that you not just “some customer” you are our partner in success just as much as we are your partner in success. We firmly believe in the “golden rule”, treat others with graciousness, courtesy and respect. Come experience the difference that quality and respect makes and you will truly be amazed.
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