Explore the fundamentals and significance of cost engineering in project success with this introductory level course. You will learn key terms and techniques essential for effective cost management, with a focus on preparing accurate budgets for the resources required to meet project objectives. The course emphasises the crucial link between budget accuracy and the effort invested during the planning phase, helping you understand how thorough preparation impacts financial outcomes.
Additionally, you will develop the ability to recognise when corrective actions are necessary, allowing you to adjust budgets and keep projects on track. By the end of the course, you will have a strong foundation in cost engineering, equipping you to support the financial success of projects by creating and managing realistic and precise budgets throughout the project lifecycle.
Who is it for? Ideal for those with little or no formal training in cost engineering and for those looking to enhance their knowledge in this key area of project controls
Individuals undertaking this course will learn:
The fundamentals and importance of cost engineering, the main terms and techniques used
To support and assist the preparation of the budgets for resources required to meet defined objectives
To understand the link between budget accuracy and effort
To recognise when corrective action may be needed
Virtual Classroom £375 (+ VAT)
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The 1 day virtual classroom Introduction to Cost Engineering course is a fully immersive and interactive experience. Taught by a fully qualified facilitator, it will help attendees understand cost engineering within a project environment.
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