Cost Estimating Foundation, Short Course | Online (optional) | IMF Academy | Eindhoven, Netherlands
Short On Campus Online

Cost Estimating Foundation

4 days
2250 EUR/full
2250 EUR/full
Tuition fee
Apply date
Start date


In this 4-day Cost Estimating Foundation training at the IMF Academy you will learn the basics of cost estimation, cost control and cost planning. Get the knowledge to identify major cost risks of engineering and join this Cost Estimating training! 


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


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


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


Factor Estimating

  • Different factor estimating methods
  • Advantages and disadvantages of these methods
  • Quantitative estimating method
  • Estimating of equipment


Estimating of engineering

  • Engineering activities
  • Engineering effort in engineering phases
  • Methods of estimating engineering
  • Detailed approach per discipline


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.


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


  • Full-time
    • 4 days
  • Part-time
    • 4 days

Start dates & application deadlines




On Campus, Online

Academic 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.

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/full
    Tuition Fee
    Based on the tuition of 2250 EUR for the full programme during 4 days.
  • EU/EEA

    2250 EUR/full
    Tuition Fee
    Based 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.


Our partners

Cost Estimating Foundation
IMF Academy
Cost Estimating Foundation
IMF Academy


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