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ECC230-1
1 Week Training Program
Total Cost Control Skills
Building Skills in
Helping Cost Reduction
Providing Early Cost Data for Effective Decisions
Nature Project Costs
Early Warning Systems
Impact of Risks
Cost Knowledge Base
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1 Week Training Programs
Kualalumpur
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London
| New York
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Seattle, USA
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New York
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Kualalumpur
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Program Objectives
Provide Skills for:
Provide Skills for:
Understanding Costs: Gain a comprehensive understanding of project and production costs, including their nature, classification, and components, to establish a strong foundation for cost control.
Risks and Estimates: Learn how project risks impact costs and how estimates incorporate these risks to ensure realistic budgeting and effective cost management. Cost Classification and Behavior: Master the classification of costs and their behavior patterns, ensuring accurate estimates and efficient cost control mechanisms.
Understanding Costs: Gain a comprehensive understanding of project and production costs, including their nature, classification, and components, to establish a strong foundation for cost control.
Risks and Estimates: Learn how project risks impact costs and how estimates incorporate these risks to ensure realistic budgeting and effective cost management. Cost Classification and Behavior: Master the classification of costs and their behavior patterns, ensuring accurate estimates and efficient cost control mechanisms.
Planning and Scheduling: Recognize the critical role of planning and scheduling in cost management and understand how variations (good, neutral, or bad) influence project outcomes.
Monitoring and Variance Analysis: Use variance analysis to monitor project progress and control costs effectively, enabling proactive decision-making.
Cost Management Techniques: Explore methods for managing construction and production costs, identifying and mitigating overruns, and employing early warning systems.
Monitoring and Variance Analysis: Use variance analysis to monitor project progress and control costs effectively, enabling proactive decision-making.
Cost Management Techniques: Explore methods for managing construction and production costs, identifying and mitigating overruns, and employing early warning systems.
Cost Reporting and Decision Making: Emphasize the importance of periodic cost reporting to inform decisions and enhance project outcomes.
Who should Attend?
This program is intended for participants who wish to gain a good multi-discipline understanding of the issues involved in this work area. It helps them in becoming productive quickly and in building a knowledge framework that will help them identify, understand, classify and remember on the job learning and experiences.
This program can be used to train implementation teams - when a new project or initiative is being started in your organization; when a new strategic focus is being initiated; just prior to a consultant being hired to advise the organization
Program Content & Modules
Total Cost Control Skills
Understanding the Nature of Project & Production Costs
Risks on Project and Impact on Costs
How Estimates Build in Project Risks
Classification of Costs
Right Classification for Your Estimate & Cost Control
Components of Costs
Understanding the Behavior of Cost Components
Understanding Planning and Scheduling
Impact of Planning & Scheduling on Costs
Good, Neutral & Bad Variations
Monitoring by Variances
Cost Management Techniques
Analyzing Construction Costs
Analyzing Production Costs
Cost Management Cost Overruns
Cost Reporting and decision making
Cost Overrun Early Warning Systems for Proactive Decision Making
Periodic Cost Reporting
Personal Cost Professional Effectiveness
Program Recommendations