Euro Training Limited Training Programs, Workshops and Professional Certifications
...

Domain Specific Job Skills and Competencies

Leveraging the Best of Digital Transformation, Data Analytics and Artificial Intelligence AI
Audio version brochure
EST200-6
6 Day Training (including 1 day Workshop) on

Estimating, Budgeting, Cost Control & Value Engineering Skills

1 Day Workshop and Building Skills & Competencies in

  1. Step by Step Process
  2. Quality Assured Approach
  3. Easy Review & Validation Methods
  4. Building Estimating Knowledgebase
www.eurotraining.com/bro/est200-6.php

6 Day Training (including 1 day workshop)

27 Aug-1 Sept 17
(Dubai, UAE)
3-8 Sept 17
(Dubai, UAE)
10-15 Sept 17
(Dubai, UAE)
17-22 Sept 17
(Dubai, UAE)
17-22 Sept 17
(London, UK)
24-29 Sept 17
(Dubai, UAE)
24-29 Sept 17
(Madrid, Spain)
1-6 Oct 17
(Dubai, UAE)
1-6 Oct 17
(Valencia, Spain)
8-13 Oct 17
(Dubai, UAE)
8-13 Oct 17
(Limassol, Cyprus)
15-20 Oct 17
(Dubai, UAE)
15-20 Oct 17
(Istanbul, Turkey)
22-27 Oct 17
(Dubai, UAE)
22-27 Oct 17
(New Delhi)
29 Oct-3 Nov 17
(Dubai, UAE)
29 Oct-3 Nov 17
(Doha, Qatar)
5-10 Nov 17
(Dubai, UAE)
5-10 Nov 17
(Kuwait)
12-17 Nov 17
(Dubai, UAE)
12-17 Nov 17
(New York, USA)
19-24 Nov 17
(Dubai, UAE)
19-24 Nov 17
(Houston, USA)
26 Nov-1 Dec 17
(Dubai, UAE)
26 Nov-1 Dec 17
(Orlando, FL, USA)
3-8 Dec 17
(Dubai, UAE)
3-8 Dec 17
(Los Angeles, CA, USA)
10-15 Dec 17
(Dubai, UAE)
10-15 Dec 17
(San Francisco, USA)
17-22 Dec 17
(Dubai, UAE)
17-22 Dec 17
(London, UK)
24-29 Dec 17
(Dubai, UAE)
24-29 Dec 17
(New York, USA)
31 Dec 17 - 5 Jan 18
(Dubai, UAE)
31 Dec 17 - 5 Jan 18
(Limassol, Cyprus)

Useful Links


PDF Link  |  Center Full List  |  SEND EMAIL

What is Covered in this Program

  1. This program Provides an understanding of the Fundamental Estimating, Budgeting, Value Engineering and Cost Control Methods and Related Skills. The program will provide the participant with the essential methodologies and tools for effective Step-by-Step estimating, budgeting, Cost Control and Value Engineering. The program emphasizes use of standardized methods, procedures, knowledgebases and checklists. A workshop during the program will give the participant a hands on opportunity to practice most of what has been learnt on the program.
  2. This program will develop in the participant a performance level understanding of: The Multi-discipline nature of the Estimating Function; Alignment of Estimates and Budgets; Understanding Project Planning Aspects of Project Costs; Methodologies for Work Scope Development; Material Takeoff from Specifications and Drawings; Applying Value Engineering Analysis to Estimating; Using Computer Tools for Estimating; Sources of Estimating, Prediction and Value Engineering Information, Perform Cost Control Analysis, Report Cost Control Performance, Provide Early Warning Reporting of Cost Overruns and Assist participant develop Related Knowledgebases for his function.

Who Should Attend

  1. This Program is Intended for any Professional Preparing, Analysing, Reporting, Auditing or Approving Budgets, Estimates, Value Engineering Proposals, Change Orders/ Variation Orders, Evaluate Claims of Contractors or Additional Budget Requests and Cost Control Functions.
  2. This Program can also be used to train Estimating, Budgeting, Cost Control, Value Engineering and Project Management teams - so that they can work together, and support each other, to implement the Program Recommendations in their processes. Attending as Teams further helps participants make improvements in the Current Estimating, Budgeting, Cost Control, Value Engineering processes of his organization.

Program Topics & Modules

Estimating Overview


  1. Budgeting Overview
  2. Cost Control Overview
  3. Value Engineering Overview
  4. Understanding Organizational Expectations from your Team
  5. Estimating & Cost Prediction Problems
  6. Estimating Accuracy vs. Data Availability
  7. Leveraging Old Data to Improve Estimates
  8. Estimating Deliverables
  9. Budgeting Deliverables
  10. Classification of Project Costs
  11. Collecting Data for Estimating
  12. Use of Organizational/Departmental Knowledgebases for Effective Estimating
  13. Material Takeoff and Project Quantities
  14. Impact on Method of Construction on Estimates
  15. Value Engineering Estimating Analysis
  16. Impact of Project Specific Methods and Work Constraints
  17. Organizational and Industry Cost Databases
  18. Estimating Project Productivities
  19. Estimating Project Material Costs
  20. Estimating Project Labor Costs
  21. Estimating Project Subcontractor Costs
  22. Estimating Major Equipment Costs
  23. Estimating Project Site Overheads
  24. Estimating Project Head Office Overheads
  25. Impact of Project Schedule on the Estimate
  26. Identifying the Project Risks
  27. Who is Responsible for Allowing Specific Risks in his Estimate/Budget
  28. Contingency Allowances in Estimate
  29. Profit Addition by Contractors & Sub-Contractors
  30. Alternate Estimates using Plan B, Plan C, Monte Carlo Analysis
  31. Preparing the Project Budget
  32. Budgeting Cost Classifications
  33. Aligning the Budget to the Estimate
  34. Dealing with Contingencies and Profit in Budget
  35. Presenting the Project Estimate
  36. Presenting the Project Budget
  37. Preparing the Cost Control System
  38. Cost Control Reporting
  39. Methodology for Reporting the Reasons for the Over/Under Runs
  40. Early Warning Signs of Possible Cost Overruns
  41. Proactive Reporting of Possible Cost Overruns
  42. Workshop 1
  43. Analyzing Estimates Prepared by Others
  44. Analyzing Budgets Prepared by Others
  45. Constructively Analyzing Cost Control Reports
  46. Program Recommendations
  47. Participant's Individualized Outline Action Plan

6 Day Training (including 1 day workshop)

Outcomes & Takeaways

Euro Training has been providing
  1. Knowhow and Technology Transfer to the Participants. Building relevant Understanding, Competencies & Process Knowledge.
  2. Multi-discipline understanding of Program Topics.
    Means that post program when participant takes decisions, related to his work, participant will automatically and subconsciously consider and take into account (as applicable) Internal & External Customer Needs and Expectations, Operational & Strategic Objectives, Regulatory Aspects, Industry Standards, Technology Options, Understand Helpful Modern Tools and Methods, Understand Risks, Actions for Increasing Productivity, Legal & Contractual Aspects, Intellectual Property Aspects, Safety, Security, Audit, Cost Benefit Aspects, Value Engineering Opportunities, Key Performance Indicators, Meaningful Performance Evaluation System, and, Data Analytic Opportunities.
    This type of understanding and habit otherwise develops after years of rich and diverse work experience. (few get this opportunity)
  3. Knowledge Framework outline which will enable the participant to understand and learn the right lessons from his own past, present and future on-the-job experience.
  4. Participant will learn to identify, support and implement improvements in his work area, team, section, department, and organization.
    Participant will work hands-on during the 1 day workshop where he will identify, analyze and develop implementation plan for an improvement project related to his work.
This 6 day Training participant will typically take away...
  1. Program related knowhow, skills, competencies and process knowledge.
    This program will use case studies and benchmarked Good and Best Practices to enhance participant understanding and competencies.
    A 1 day improvement identification and implementation workshop.
  2. Domain Knowledge and process knowledge.
    The participant will become empowered and should become more Productive, Effective, Efficient, Customer Focused and Strategic Focused.
    At the end of the program, the Participant will prepare a Customized Outline Action Plan which will serve as the roadmap to implement some key improvements in his work area.

Benefits to the Organization Sponsoring Participants to this program

(Benefits made possible by Euro Training's unique, multidiscipline, customer focused, strategic focused, easy to understand and apply training methodology that relies on Industry Good and Best Benchmarked Practices)

Participant Individual Career Benefits

  1. First, and most important benefit, is the positive self-esteem that will come from being able to do your work right first time and meet internal and external customer expectations.
  2. Second, the Program developed Understanding, Skills & Competencies will help you successfully present your professional and Team skills at Job Interviews and Internal Performance Evaluation Reviews.
  3. You gain a clear direction for analyzing, proposing and implementing improvements in his work area.
    The outline action plan you prepare and take away after the program will help you take improvement initiatives and make a positive difference in your performance on the job, team, business unit or organization. This difference after implementation and when added to your resume will make you a prime candidate for career advancement in your own organization or in your next job.
  4. Post program when you take decisions related to your work processes you will automatically consider (as applicable): Internal & External Customer Needs and Expectations, Technology Options, Helpful Tools and Methods, Consider Risks, Mitigate Risks, Take Actions that Increasing Productivity, Consider Legal & Contractual Aspects, Consider Intellectual Property Aspects, Pay attention to Safety and Security, Consider future Audit, Weigh Cost Benefit between options, Be Mindful of Key Performance Indicators (KPIs), Consider how Performance will be evaluated, and, Consider need for and Opportunity to Develop a Decision Support Knowledge Base, .... (and possibly more multi-discipline aspects).

Registration Form

Fields marked with * are mandatory


Optional Fields


Registration Information 6 Day Program

  1. To register: Please send us an official letter confirming registration (on organizational letterhead). Also send us a completed registration form ?electronically fill-able is at- available at http://www.eurotraining.com/etl-reg-6d.doc You can request or registration form by Emailing regn@eurotraining.com and eurotraining@gmail.com
  2. For Program Fee Information Email: fees@eurotraining.com . Fees are Payable by Bank Transfer or Bank Draft. Fee information is also available at: http://www.eurotraining.com/fees.pdf .
  3. Program Fee is
    • 6 day (36 hrs) Training Program:
      At Dubai, Kuwait, New Delhi, Qatar £5,100 (USD $6,500) per participant.
      At London, US Locations, Europe, Malaysia, Singapore £5,610 (USD $7,150) per participant.
      Online eTraining Fee £2,500 (USD $3,125) per participant.
    and includes Course Materials, Certificate, Refreshments and Lunch (classroom programs). www.eurotraining.com/admin/fees.php)
  4. Accommodation is not included in Program fee. Special rates will be available at venue hotel for the class room training program participants.
  5. Special discount of 10% is offered for participants who pay their fees at least 45 days before start of the program.
  6. Refund will not be considered where the participants cancels his registration less than 3 weeks before start of the program. Alternate nominations will be allowed anytime before program start. In case of exceptional hardship or emergency participant may be allowed to attend at another location.
  7. All participants are required to fill in Participant Information form - on first day of the program. Each program Undergoes Customization to Better Meet Participant Present and Future Career Needs. Please be prepared to let the Instructor/s know about your organization's Special Needs, Interests or Initiatives.
  8. It is always useful for participants to bring their existing problems or case studies, work-process flow charts or job related problems for discussion - consideration will be at sole discretion of the program director/s.
  9. Provisional Registration : You can make a provisional registration request by sending us an email with an official provisionsl registration request this will ensure we will reserve a seat for you for 14 days. After this you have 2 weeks to send us an official registration request. Provisional registration is automatically cancelled at the earlier of (1) 2 weeks after Provisional Confirmation if registration is not confirmed from your side (2) Two weeks before start of the program. We do request you to inform us ASAP you have decided either way. Please note All provisional registrations automatically cancel 2 weeks before program start unless confirmed.
  10. Information required for Provisional Registration: Program Title, Location, Dates, Your Organization Name, Your Email Address, Your FAX No and your Mobile Number.