Costing Engineering Training

Costing Engineering Training - Nigeria
Description :

• Training Method: Classroom/Virtual
• Duration: 4 Days
• Training Schedule: By Request/In Session

1. Meaning of cost engineering
2. The cost engineer & responsibilities
3. Introduction to cost estimation, budgeting & control
4.The unit price estimate with work examples
5. Variation factors in estimating
6. Cost estimation methods: Rule of thumb approach, Detailed "grassroot or "bottom-up" approach, Analogy, Competitive supplier proposals & Parametric approach
7. Meaning & Applications of EVA (Earned Value Analysis)
8. Parameters used in EVA
- Budget at completion (BAC)
- Planned Value (PV)
- Earned Value (EV)
- Actual Cost (AC)
- Schedule Variance (SV)
- Cost Variance (CV)
- Schedule Performance Index (SPI)
- Cost Performance Index (CPI)
- Estimate to complete (ETC)
- Estimate at completion (EAC)
- Variance at Completion (VAC)
9. Applications of Primavera 6.0 in analysis of EVA
- Converting estimated cost into budget
- Loading cost into schedule
- Performing Earned Value Analysis (Case Scenario, implications & implementations)
10. Resource (Cost, Material & Personnel) usage spreadsheet diagrams (curves & bars) Analysis.
- Cost curves and analysis for EVA (PV, EV, AC. etc.)
11. Applications of P6 to project based examples relating to costing

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