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Project Budgeting, Cost Estimating, and Value Engineering

This 12-day training course held in Barcelona, Spain from August 31 to September 11, 2015 provides instruction on project budgeting, cost estimating, value engineering, and construction management. The course objectives are to teach techniques for planning budgets, preparing cost estimates, applying classification systems, and conducting value engineering. Attendees will learn tools and methods from internationally recognized organizations and participate in workshops applying these skills to case studies. The training is intended for executives, managers, engineers, and planners involved in project cost management.

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63 views5 pages

Project Budgeting, Cost Estimating, and Value Engineering

This 12-day training course held in Barcelona, Spain from August 31 to September 11, 2015 provides instruction on project budgeting, cost estimating, value engineering, and construction management. The course objectives are to teach techniques for planning budgets, preparing cost estimates, applying classification systems, and conducting value engineering. Attendees will learn tools and methods from internationally recognized organizations and participate in workshops applying these skills to case studies. The training is intended for executives, managers, engineers, and planners involved in project cost management.

Uploaded by

bdiit
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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ProvidingQualityand

ProfessionalTrainingSince1984

ProjectBudgeting,CostEstimating,andValueEngineering
Date:31August201511September2015
CourseID:ADDS038/2015
Duration:12Days
FeeUS$:8500US$
Venue:Barcelona/Spain
Category: CONSTRUCTIONMANAGEMENT
Introduction:
Projectcostisoneofthemajorconstraintstomanageandcompleteprojectssuccessfully.ProperCostestimatingandbudgetingisthecornerstoneforprojectcost
managementthroughouttheproject.Theaccuracyofcostestimatingandbudgetingisdependentonmanyfactors,butmostlyonthelevelofinformationavailableand
thepurposeoftheestimate.Studyingalternativesandimprovingthevalueoftheprojectisanotherchallengeaccomplishedthroughvalueengineeringtechniques.

Thiscoursewillguideyouthroughthecostestimatingandbudgetingprocessesfrominceptiontoprojectclosure.Itwillcoverdifferentcostestimateclassification
systemsrecognizedfrominternationallyrecognizedbodiessuchastheAssociationforAdvancementofCostEngineering(AACE)internationalandtheConstruction
specificationInstitute(CSI).ItwillcoveralsotheValueengineeringproceduresaccordingtoSAVEInternational.Workshopsandcasestudieswillshowthe
participantshowthesetechniquescanbeappliedonprojects.
Objectives:
Attheendofthecoursetheattendeesshouldbeableto:
Knowhowtoplanandprepareforcostestimatingandbudgeting
Preparetheprojectbudgetinearlierphasesbasedonexpertjudgment
Howtocollectprojectinformationfromprojectdocuments
Learnthedifferentclassesofcostestimatesandhowandwhentousethem
Learnthedifferentmethodsforcostestimating
LearnhowtousetheAACEcostclassificationsystem
LearnhowtousetheUniformatelementalsystem
UnderstandandapplythemasterformatofCSI
Learnthestandardmethodologyandbenefitsofvalueengineering
understandthedifferentstages/phasesofvalueengineering
UnderstandhowtoapplysystematicValueEngineeringonyourprojects
Whoshouldattend:
ThiscourseistargetedforChiefExecutiveOfficers,FinanceManagers,HumanResourcesManagers,ProjectManagers,EngineersandPlanners,Information
TechnologyManagers.
DailyOutlines:
Introductiontocostmanagement
TheTotalCostManagementFramework
Basicdefinitionofcostmanagement
Costelements
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Labourcosts

Basicdefinitionofcostmanagement
Costelements
Labourcosts
MaterialCosts
Equipmentcosts

Planningforcostmanagement
ProjectPhasesandcostestimatingclasses
RelationshipBetweenEstimateAccuracyandEngineeringProgress
AACECostestimateclassificationsystem
Uniformatcostestimatessystem
Othercostestimatesclassificationsystems
Selectingtheappropriatemethodandaccuracylevel
Definingscopeofwork
Definingdatasources

AACECostEstimateClassificationSystem
Class5EstimateforConceptScreening
Class4EstimateforStudyorFeasibility
Class3EstimateforBudget,Authorization,orControl
Class2EstimateforControlorBid/Tender
Class1EstimateforCheckEstimateorBid/Tender

CostEstimatingToolsandTechniques
ExpertJudgment,orAnalogousmethodsusinghistoricaldata
Capacity/EquipmentFactoredmethods,
ParametricModels,
SemiDetailedUnitCostswithHighLevelLineItems
DetailedUnitCostwithForcedDetailedTakeOff
RSMeansandothercommercialdatabases

CostEstimatingUsingUniformatElementalSystem
A.Substructure:foundations,basementconstruction
B.Shell:superstructure,exteriorenclosure,roofing
C.Interiors:interiorconstruction,stairs,interiorfinishes
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D.Services:conveying,plumbing,HVAC,fireprotection,electrical

B.Shell:superstructure,exteriorenclosure,roofing
C.Interiors:interiorconstruction,stairs,interiorfinishes
D.Services:conveying,plumbing,HVAC,fireprotection,electrical
E.Equipmentandfurnishings:equipment,furnishings,
F.Specialconstructionanddemolition:specialconstruction,selectivebuildingDemolition

WorkshopI:CostEstimatingUsingUniformatElementalSystem

CostEstimatingUsingConstructionSpecificationInstitute(CSI)MasterFormat

01GeneralRequirements
02ExistingConditions
03Concrete
04Masonry
05Metals
06Wood,Plastics,andComposites
07ThermalandMoistureProtection
08Openings
09Finishes
10Specialties
11Equipment
12Furnishings
13SpecialConstruction
14ConveyingEquipment
21FireSuppression
22Plumbing
23Heating,Ventilating,andAirConditioning
25IntegratedAutomation
26Electrical
27Communications
28ElectronicSafetyandSecurity
30SiteandInfrastructureSubgroup(3135)
40ProcessIntegrationSubgroup(41to48)

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40ProcessIntegrationSubgroup(41to48)

WorkshopII:CostEstimatingusingCSIMasterFormat

BudgetDevelopmentTechniques
Establishingcostaccountcodes
DevelopingtheCostBreakdownStructure(CBS)
Developingtimephasedbudgetsusingtheprojectschedule
Developingtheprojectcashflowandfundingrequirements
DevelopingContingencyreservesandmanagementreserve
EstablishingCostperformancemeasurementBaseline

CostEstimatingUnderUncertainty(CostRiskAnalysis)
WorkshopIII:Presentationofcostrisksimulationsoftware

ValueEngineering
ValueEngineeringhistory
Valueengineeringbenefitsvs.othertechniques
ValueEngineeringthroughouttheprojectlifecycle
PreStudyStage
Rolesandresponsibilitiesforvalueengineering
VEStudyStagesixphases
Informationphase
SOWTAnalysis
ParetoAnalysis
Theprojectcharterforthevaluestudy
Functionanalysisphase
FASTandotherfunctionanalysistools
CostFunctionAnalysis
Creative(speculative)phase
Brainstormingandnominalgrouptechniques
Overcomingtheresistancetochange
Evaluationphase
Prioritizationmethods
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Projectlifecyclecosting

Evaluationphase
Prioritizationmethods
Projectlifecyclecosting
Breakevenanalysis
Developmentphase
Valueproposals
Riskscenarios
Presentationphase
ValueEngineeringReport
PreStudyStage

WorkshopIV:ValueEngineeringCaseStudy(Road/BridgeProject)

PrincipalsofcostcontrolusingEarnedValueManagement
WorkshopV:EarnedValueCaseStudy

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