By the end of this course, participants will be able to:

1. Understand the fundamentals of project cost estimation and budgeting.
2. Apply various cost estimation methods (analogous, parametric, bottom-up).
3. Develop comprehensive project budgets and cash flow forecasts.
4. Implement cost control and monitoring techniques throughout the project lifecycle.
5. Apply value engineering principles to improve project efficiency and reduce costs.
6. Use practical tools and templates for cost estimation and value analysis.

• Project Managers and Coordinators.
• Cost Engineers and Estimators.
• Planning and Scheduling Professionals.
• Finance and Procurement Specialists.
• Construction and Engineering Managers.
• Anyone involved in project budgeting and cost control.

• Interactive Lectures : Core concepts explained with real-world examples.
• Case Studies : Analysis of actual project cost estimation and VE applications.
• Hands on Exercise s : Cost estimation and budgeting simulations.
• Group Discussions : Sharing best practices and lessons learned.
• Software Demonstration : Tools for cost estimation and value analysis
• Daily Quizzes : Reinforce key concepts.
• Group Exercises : Cost estimation and VE application.
• Final Workshop Presentation : Participants present VE proposals and cost analysis.
• Trainer Feedback : Individual and group performance review.

Day 1: Fundamentals of Cost Estimation

• Importance of accurate cost estimation
• Types of estimates (Order of Magnitude, Preliminary, Definitive)
• Key cost drivers and influencing factors

Day 2: Cost Estimation Techniques

• Analogous and parametric estimating
• Bottom-up and three-point estimating
• Contingency and risk-based cost estimation

Day 3: Budgeting and Cost Control

• Developing project budgets and cash flow
• Earned Value Management (EVM) basics
• Cost monitoring and variance analysis

Day 4: Value Engineering Principles

• Introduction to value engineering (VE)
• VE job plan and phases
• Identifying cost-saving opportunities without reducing quality

Day 5: Practical Workshop & Integration

• Hands-on cost estimation and VE exercise
• Group presentations on VE proposals
• Wrap-up discussion and future trends in cost optimization

CDGA attendance certificate will be issued to all attendees completing minimum of 80% of the total course duration.