Estimating, Budgeting, Cost Control & Value Engineering

Why Attend

The decision to proceed with a project is often based almost exclusively on early conceptual cost estimates, and these estimates provide the basis for the cash flow projections and budget forecasts used during the project feasibility study. Unreliable cost estimates can result in significant cost overruns later in the project life when it is too late to contain them. As potential projects are considered, management not only requires costs estimates of high accuracy, they seek opportunities to reduce life-cycle costs, improve budget accuracy and optimize whole-life project value.

Overview

Course Outline

Schedule & Fees

Course Methodology

Instructor-led training that uses interactive learning methods, including class discussion, small group activities, and role-playing

Course Objectives

This Program is Intended for any Professionals Preparing, Analyzing, Auditing or Approving Estimates. Proposals, Value Engineering Ideas, Claims or Budgets.; The program will provide the participant with the essential methodologies and tools for effective estimating, budgeting, cost control and value engineering on his job.; The program emphasises use of standardized methods, procedures, knowledgebase and checklists.

Target Audience

Target Competencies

n/a

Day 1

Registration
Program Introduction
Program Overview
Estimating & Cost Control Problems

Day 2

Understanding the Estimating Problem
Estimating vs. Guess Work
Classification of Costs
Bidding & Negotiation Issues
Analyzing Production Costs

Day 3

Impact of Contract Conditions on Estimates
Good Practices in Estimating (Quality Assurance)
Defining Work Scope & Objectives: Physical, Documentation & Strategic
Understanding Planning & Scheduling
Impact of Planning Decisions on Costs
Cost Escalation

Day 4

Material Takeoff
Standard Material Costs Data
Work Method
Productivity
Labour Hours
Labour Rates Data

Day 5

Site Overheads
Head Office Overheads
Profit Allowance
Contractor's Contingency Allowances
Owner/Client's Contingency Allowances
Value Engineering
Program Recommendations and Your Action Plan

$1375

Dar Es Salaam

Country: Tanzania

Duration: One week

Date: 10–14 Nov 2025

$3875

Muscat

Estimating, Budgeting, Cost Control & Value Engineering

Overview

Course Outline

Schedule & Fees

Course Methodology

Course Objectives

Target Audience

Target Competencies

$1375

Country: Tanzania

Duration: One week

Date: 10–14 Nov 2025

$3875

Country: Oman

Duration: One week

Date: 25–29 May 2026