Overview
A successful project starts with a well-founded estimate of the costs. The 4-day Cost Estimating Foundation training at the IMF Academy will teach you the basics of cost estimation. You will learn approaches for different aspects of the estimating profession and you will learn how to apply them in your daily work.
During this training we emphasize practical experience as well as theoretical knowledge. A number of small cases will be prepared during the training. This helps you get familiarized with the knowledge you have just gained and apply it to real world situations.
At the end of the Cost Estimating Foundation training you will have:
- An understanding of the definitions of cost estimation, cost control and planning. You will also be able to read cost engineering reports and put it in the perspective of your project
- The knowledge to prepare and evaluate estimates quicker and more accurately. This will immediately have its effect on the control you have on the cost of your project
- The ability to make your own factor estimates and validate factor estimates prepared by others
- Together with the estimating methods this means you will be able to estimate the engineering involved in your projects
Programme Structure
DAY I
Cost Engineering
- The basic definitions of and ties between cost estimation, cost control and planning
- Various contract forms
- The position of estimating in each phase of the project lifecycle
- Definitions within estimating
- Value engineering
DAY II
Detail Estimating
- Estimating methods
- Different approaches to estimating
- Principles of the quantitative method
- Buildup of unit rates
- Direct versus indirect
- Cases in preparing estimates by using various techniques for different disciplines
DAY III
Factor Estimating
- Different factor estimating methods
- Advantages and disadvantages of these methods
- Quantitative estimating method
- Estimating of equipment
DAY IV
Estimating of engineering
- Engineering activities
- Engineering effort in engineering phases
- Methods of estimating engineering
- Detailed approach per discipline
Audience
The Cost Estimating Foundation course is suitable for everyone who is part of any team that executes industrial projects. The course is aimed at: project managers/directors, finance project executives/managers, project engineers, cost estimators, project cost engineers, discipline leads, members of the purchase department, members of a tendering team, work preparators.
Lecturers
All teachers are international experts in the field of cost control. They will provide you with a unique blend of theoretical knowledge and practical challenges.
Key information
Duration
- Full-time
- 4 days
- Part-time
- 4 days
Start dates & application deadlines
- StartingApply anytime.
- StartingApply anytime.
Language
English
Delivered
On Campus, Online
Disciplines
Project Management Business Administration Finance View 24 other Short Courses in Business Administration in NetherlandsAcademic requirements
We are not aware of any specific GRE, GMAT or GPA grading score requirements for this programme.
English requirements
We are not aware of any English requirements for this programme.
Student insurance
Make sure to cover your health, travel, and stay while studying abroad. Even global coverages can miss important items, so make sure your student insurance ticks all the following:
- Additional medical costs (i.e. dental)
- Repatriation, if something happens to you or your family
- Liability
- Home contents and baggage
- Accidents
- Legal aid
We partnered with Aon to provide you with the best affordable student insurance, for a carefree experience away from home.
Get your student insurance nowStarting from €0.53/day, free cancellation any time.
Remember, countries and universities may have specific insurance requirements. To learn more about how student insurance work at IMF Academy and/or in Netherlands, please visit Student Insurance Portal.
Other requirements
General requirements
- There are no specific requirements to successfully attend this course.
Tuition Fee
To always see correct tuition fees
-
International
2250 EUR/fullTuition FeeBased on the tuition of 2250 EUR for the full programme during 4 days. -
EU/EEA
2250 EUR/fullTuition FeeBased on the tuition of 2250 EUR for the full programme during 4 days.
Living costs for Eindhoven
850 - 1350 EUR /month
Living costs
The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.
Funding
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