Distance - An Earned Value Management Approach to Project Cost Estimating and Control (12 PDUs)

Course Code: PM058d

ARE YOU:

Looking for professional development but do not have the time to take off from work?
Looking for refresher course on specific engineering topics and cannot find an intensive course to serve your needs?
This may be your ideal Professional Development course!

Find out more on how the Professional Development Distance Program may work for you - Click here

Duration:

This course is approximately 3 weeks in duration.

Learning Method:

The PDDP program is more of a self-guided learning style.
You are required to read the notes and materials given, complete the follow-up assignments on your own, send in your questions prior to your 1 hour webinar meeting (if required) and be involved in live discussion via the internet.
Once you have completed the course, you will receive a certificate of completion

Course Description:

The purpose of this course is to present essential practices of project estimating and control, applying proven cost estimation techniques.

The course is taught on the basis of “case method” comprised of lectures and group question and answer periods.

The PDDP Distance Education program works as follows:

Once you register for this course, you will be sent a login username and password for our online distance website.

You will receive the course notes in hard copy through the online website, you will receive a set of notes each week covering the course material.
A one hour video-conference session will be conducted by your instructor each week (if required). The objective of this session is to assist in solving the assignments, as well as answer student questions that should be sent to instructor early enough prior to the meeting time. In addition with being able to communicate with the instructor, you will also be able to communicate with other students in the same class and watch their questions being answered as well. (A high speed internet connection is strongly recommended for this feature).
Each set of exercises can be completed and submitted by the indicated date and your completed exercise will be marked online and and returned by your instructor.
To gain the most from your course, it is highly recommended that you participate fully in all discussions and exercises. Please remember that each course has a form of quiz or exercise at the end to test your understanding of the material. You will be informed of these dates when you receive the course schedule.

*Course commencement date is subject to instructor availability.

Mohamed Elbarkouky

Dr. Mohamed Elbarkouky, PhD, P.Eng., PMP - Project Management Training Solutions LTD

Dr. Elbarkouky is an expert in project and performance management and control. He has more than 17 years of practical experience in his field of practice. He managed and controlled a large number of complex projects in Canada, the U.S., Europe, Africa, and the Middle East. He has extensive experience of oil and gas, power plants, infrastructure, and building construction projects. Dr. Elbarkouky has a Ph.D. in construction engineering and management from the University of Alberta. He is also a Professional Engineer of APEGA and a Project Management Professional (PMP) of the PMI. He is the founder of a project management training organization that is specialized in teaching professional and academic courses in project management, risk analysis, performance management, lean construction, contract administration, scheduling, cost estimation, and project planning and control in Alberta, Saskatchewan, BC, and NWT. He is teaching for major academic institutions in Alberta, such as NAIT, UofA, and GIC.

Cost Management

Purpose of the course
Objectives of cost management

Cost Planning

Creating an effective cost management plan aligned with business strategy

Cost Estimation: cost baselines for project stages

Defining project scope and requirements
Cost estimating formats
Establishing the unity of measurement
Process of capturing the historical costs
Cost estimation techniques

Procurement and Legal Aspects in Cost Estimating

Preparing Tender Documents
Contract formats
Negotiations techniques

Cost Monitoring

Establishing an independent and unbiased budget analysis & control process
Making best use of the project baselines to control the project
Tracking progress: proactively zeroing in on variances
Creating project spend graphs and other tools for cost monitoring
Uncovering and taking action on cost control opportunities

Mitigating Risk in Project Costs: Contingency Management

Identifying the sources of risk at each project phase
Risk allocation and assignments of liability for costs
Establishing and managing the project contingency reserve

TLNT reserves the right to cancel or change the date or location of its events. TLNT's responsibility will, under no circumstances, exceed the amount of the fee collected. TLNT is not responsible for the purchase of non-refundable travel arrangements or accommodations or the cancellation/change fees associated with cancelling them. Please call to confirm that the course is running before confirming travel arrangements and accommodations. Please click here for complete policies.

We could offer any of our courses at a location of your choice and customized contents according to your needs, please contact us at: [email protected] or click here to submit an online request.