Project Cost Estimating

Management Concepts

How long?

  • 2 days
  • in person, online

What are the topics?

Management Concepts

Disclaimer

Coursalytics is an independent platform to find, compare, and book executive courses. Coursalytics is not endorsed by, sponsored by, or otherwise affiliated with any business school or university.

Full disclaimer.

Who should attend

This course is intended for intermediate level program and project managers.

About the course

Projects cannot be successful without accurate and timely project cost estimating. Estimating is a practice that occurs throughout the project management lifecycle, and so it must be done effectively and efficiently. You will understand the project areas that must be estimated and use tools and methodologies best suited for the estimates you prepare. You will be challenged through exercises where you practice using different cost estimating techniques in an experiential classroom environment.

Learning Objectives

  • Define cost estimating, cost estimating terms, and cost estimating concepts such as basis of estimate
  • Create and use a solid work breakdown structure (WBS) and resource breakdown structure (RBS) to estimate cost and work
  • Create cost estimates using different estimating techniques
  • Apply a formal process to create a cost estimate for any project

Course Topics

Cost Estimating Overview

  • Everything Has a Cost
  • Estimate
  • Roles and Responsibilities
  • Components of a Cost Estimate
  • The Value of a Solid Cost Estimate
  • The Estimating Challenge
  • Which Is Better: Overestimating or Underestimating?
  • Estimating Approaches
  • When Is Cost Estimating Performed?
  • Accuracy and Confidence
  • Managing Expectations

Getting Started

  • Cost Estimating Prerequisites

Estimating Techniques

  • Units of Measure
  • Five Estimating Techniques
  • The Techniques Compared
  • Estimating Guidelines

Finalizing the Estimate

  • Key Factors in Estimating
  • The 10-Step Estimating Process
  • Tips to Improve Estimates

Course Summary

  • Review of Course Objectives
  • Estimating
  • Basic Questions
  • WBS
  • Resource Breakdown Structure
  • Five Estimating Techniques
  • Key Factors in Estimating
  • The 10-Step Estimating Process
  • Secrets for Estimating Success
  • Course Key Messages

Project Cost Estimating at Management Concepts

From  $1,469

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Disclaimer

Coursalytics is an independent platform to find, compare, and book executive courses. Coursalytics is not endorsed by, sponsored by, or otherwise affiliated with any business school or university.

Full disclaimer.

Because of COVID-19, many providers are cancelling or postponing in-person programs or providing online participation options.

We are happy to help you find a suitable online alternative.