COST ESTIMATION,

BUDGETING AND RISK ANALYSIS

Pulung Susilo Rahardjo

 

 
 
  COURSE OVERVIEW  
 

 Cost  estimating  is  one of the fundamental and yet most challenging tasks for Project teams. In the course, you’ll
 learn  straightforward,  step–by-step  processes  for  developing  accurate,  realistic  project  cost  estimates that
 withstand the security of  stakeholders  and management and form a baseline for tight financial control. You’ll also
 learn  how  to  incorporate  risk  and  uncertainty  in  your  project cost estimates with Monte Carlo risk simulation,
 provide  range  cost  estimates  in accordance  with  AACE  International Recommended Practice and manage the
 cost estimating process throughout the project life cycle. 

 The intensive  and  practical  course  will  be  provide  participants  to  understanding  of  project  cost estimation
 techniques & methodologies to counted cost in accurate, valid  & trusted
.
 

 
 
  INTRODUCTION  
 

Cost estimating is one of the fundamental and yet most challenging tasks for Project teams. In the course, you'll learn straightforward, step-by-step processes for developing accurate, realistic project cost estimates that withstand the security of stakeholders and management and form a baseline for tight financial control. You'll also learn how to incorporate risk and uncertainty in your project cost estimates with MonteCarlo risk simulation, provide range cost estimates in accordance with AACE international Recommended Practice and manage the cost estimating process throughout the project life cycle.

 
 
  WHAT WILL YOU LEARN  
 
  • Comprehensive in consistent and effective process across the execution of project then improve the result of the entire of project

  • Understand the cost engineering practices to increase your cost engineering accuracy and gain more i-depth knowledge of cost engineering estimation and control terminology

  • Understand and identify the different requirements& methodologies for cost estimating throughout the project life cycle

  • Recognize the effects and implications of risk and the need for effective risk management to develop the realistic cost estimation

  • Understand how progress measurement, performance assessment, forecasting and change management contribute to project success

 
 
  Course Content  
 

Essential Background

  • What is project & their characteristics

  • Project goals and objectives

  • Dynamics of the project life cycle & Phase of system life cycle

  • Building the project organization & WBS

  • Developing project network, cost, schedules and project plan included risk assessment

  • Developing cost measurement & control, and performance criteria to success with EVM

Project Cost Estimating & Process

  • Cammon categories of cost

  • Purpose of project cost estimating

  • Cost estimate types & descriptions

  • Cost estimating process

  • Ground rules, assumptions and collect data

  • Selecting estimating methodology

  • Perform & verify the estimate

  • Review & documented the cost estimate

 Cost Elements and Cost Pools

  • Understanding cost behaviors

  • Direct & Indirect costs

  • Variable & fixed costs

  • Semi-variable cots

  • Recurring vs. Nonrecurring costs

  • Relationships among cost behaviors

  • Types of costs included in estimates

   

Introduction to Estimating Methodologies

  • Estimating methodologies

  • Estimating by analogy & Developing complecity factors

  • Parametric cost estimating

  • Quantitative relationships

  • Cataloges, Vendor quotes and Analogy

Cost Uncertainty Analysis

  • Introduction Risk Analysis & MonteCarlo Simulation

  • A Typical project cost estimate

  • An Alternative: a range of estimates & a cost probability distribution function

  • Cost Uncertainty Analysis

  • Life-cycle cost & commitement, and decision making

  • Time value of money

  • Inflation & Interest adjustments

  • Design to cost

Case Study

  • Project cost estimation process

  • Hands on simulation with Monte Carlo Software

     

 

REGISTER NOW...!!!

 
 
  Who Should Attend  
 
  • Project Manager

  • Project Engineers

  • Project Economic

  • Project Risk Engineers

  • Project Planning & Control Engineers

  • Project Cost  & Control Engineers

  • Planner

  • Cost Estimator

  • Project Construction Engineers

  • Procurement

  • Legal & Contract Engineers

  • Cost Accounting

  • Financial Controller

  • Coorporate & Business Planning

  • Auditor

  • Contractor & Vendors

  • Person who get benefit for attending  this Course

 
 
  Your Course Instructor  
 

Pulung Susilo Rahardjo

He received Bachelor degree in Aeronautical Engineering from Mechanical Engineering Department, Industrial Engineering Faculty, Bandung Institute of Technology (ITB) on 1981.  He has a professional and practice experiences as Project Management Senior Staff more than 35 years in National & Multinational Company special Oil & Gas Onshore & Offshore Industry. He also attended at many project management seminar & course program at Indonesian & overseas institution. He retired from Petronas Carigali Indonesia (PCINO) on year 2014 and focused in Project Management Advisor and Project Management Instructor.

 
 
  Registration Form   Enrollment Information  
 

YES !!!

Please Register the Following Delegate to Attend

 

COST ESTIMATION,

BUDGETING AND RISK ANALYSIS

 

Mr./Mr./Ms.: .....................................................

Position :...........................................................

Company : .......................................................

Mailing Address : ............................................

..........................................................................

..........................................................................

Phone: ................ Ext.: ......... Fax : ................

Handphone : .............. Email : ........................

Approving Manager's Name : ........................

Email : .............................................................

 

METHOD OF PAYMENT

Please completed the following payment details:

Telegraphic transfer - Please make payment in Rp. to the following account: (Please instruct your bank to remit all local & overseas bank charges to your bank account)

P.T. LOKA DATAMAS INDAH

Bank account 314-3000328

PT. Bank UOB Indonesia

Cabang Ir. H. Juanda

Jl. Ir. H. Juanda No. 15

Kel. Kebon Kelapa, Kec. Gambir

Jakarta Pusat.

 

PHONE

(62)(21) 632 6911  or  6313556

 

MAIL

P.T. LOKA DATAMAS INDAH

Harmoni Plaza Blok B-16

Jalan Suryopranoto No. 2

Jakarta - Indonesia

 

FAX

(62)(21) 630 5074  or  6330212

 

E-MAIL

Lditrain@indo.net.id

 

HOMEPAGE

www.Lditraining.com

 

 

 

CONDUCTED IN BAHASA INDONESIA