Project Budgeting, Estimation and Cost Saving Techniques
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1- Online Training...with international accreditation.
The value of participation per person is €1,450
2- Requirement : specifying the course, number of participants,
implementation date, and joint coordination.
Group contracting ... 20% Discount For Each Participant
In Any Group Of Five Person Or More
Other Places To Hold The Course :
KualaLumpur.. Istanbul.. Dubai.. Cairo.. Riyadh.. Jeddah.. Abu Dhabi.. Doha.. Muscat.. Sharm El Sheikh.. Kuwait.. Tripoli.. Amman.. Beirut.. Damascus.. Tunisia.. Casablanca.. London.. Paris.. Barcelona.. Amsterdam.. Brussels
Project Budgeting, Estimation and Cost Saving Techniques
Introduction :
The overall aim of this course is to provide participants with the knowledge and skills needed to successfully estimate project costs and manage project budgets. Participants in this interactive course will learn all the critical tools and techniques required to plan, manage, control, and optimize overall project finances.
Course Objectives :
At the end of this course, the participants will be able to :
- Explain the project cost management process and develop project cost management plans
- Develop a business case and utilize capital budgeting techniques to evaluate long-term investments used in a project
- Develop accurate estimates and identify different methods for estimating a project’s overall costs
- Develop a project cost baseline and project budget and explain contingency and management reserves allocated for the project
- Identify project variance and calculate project performance metrics using earned value analysis
- Identify different cost-saving strategies for projects and apply continuous improvement concepts on project overall finances
Targeted Audience :
Project managers who seek to estimate costs for the activities of their projects, manage project budgets, and learn the different methods that can help in saving project costs. Meirc has been reviewed and approved by the PMI® Authorized Training Partner Program. This course is worth 30 Professional Development Units (PDUs).
Course Outlines :
- Overview
- Project life cycle
- Project cost management processes
- Cost management plan
- Capital budgeting
- Business case
- Capital budgeting techniques
- Benefit/Cost Ratio (B/C)
- Return on Investment (ROI)
- Payback Period (PBP)
- Net Present Value (NPV)
- Internal Rate of Return (IRR)
- Decision Tree/Expected Monetary Value (EMV)
- Cost estimation
- Building work breakdown structure
- Estimation accuracy
- Cost estimating techniques
- Expert judgement
- Analogous estimating
- Parametric modeling
- Bottom-up estimating
- Three-point estimating
- Project budgeting
- Cost aggregation
- Preparing budgets
- Types of costs
- Contingency reserves
- Cost baseline
- Management reserves
- Funding limit reconciliation
- Cashflow management
- Project cost optimization
- Cost saving strategies
- Cost saving strategies for projects
- Optimize the use of labor
- Smooth workloads
- Improve quality of your processes
- Value stream mapping
- Cost saving strategies for projects
- Earned value management
- Variance analysis
- Earned value analysis
- Cost performance metrics
- Schedule performance metrics
- Forecasting your project
- Control account management
EuroMax Training Methodology :
Our training work is presented in a professional and attractive manner.. Interspersed with interceptive information to renew attention throughout the training period… We aim with this method to train the listener and interact… In addition to practical applications that target the direct skills and knowledge required to be achieved.. It is presented to the trainees in more than one way.. Practical exercises and applications.. Surveys and questions.. A training strategy has been adopted based on pairing between the theoretical and the professional and between the local and the global.
What Does The Participant Get From The Course?
Each participant obtains an internationally accredited training certificate from the EuroMax Center for Training and Development … which has the ISO certificate in quality No. 900/2015 from the English international company UCAS .. and receives a training bag containing the scientific material via an electronic flash … in addition to an enjoyable and useful training that is reflected Positive and developmental for individuals and the institution
Note :
We can implement the training course in any of the cities referred to in this course..at the appropriate and required time for the trainees..through joint coordination with the training department at the center..the training is implemented in a distinctive manner according to the best quality standards so that we meet all training requirements and needs.
International Accreditations
The EuroMax Center for Training and Consulting has obtained international and official accreditations with the highest and best international levels scientifically and technically, which reflect the level of outstanding performance in our training work.. so that it achieves what each participant aspires to by obtaining the best certificates with officially approved scientific and technical standards.
