OBJECTIVE:

Participants will learn about the philosophy, objectives, and procedures needed for successful application of project cost control.

WHO SHOULD ATTEND

• Project/Construction Managers
• Project Engineers
• Proposal/Contract Specialists
• Planning and Cost Engineers

DURATION :

Five days

TOPICS :

• Introduction:

       - Cost control terminology

       - Variance examples

       - Change order examples

       - Who controls cost

       - Cost control phases

• Defining project scope for cost control:

       - Project objectives of the owner

       - Content of project scope

       - Control estimate

       - Cost control through scope control

• Applied cost control:

       - The cost control team

       - Elements of control

       - The role of the cost engineer

       - Cost planning

       - Work packaging

       - Computerization

       - Performance measurement

       - Analysis & forecasting

       - Corrective action , Feedback

       - Cost control reporting:

       - Frequency of reports

       - Report distribution

• Case study