OBJECTIVE

• Understand the importance of projects to the organizational strategy
• Familiarize about how the project cost is calculated and managed during the project life cycle
• Understand the different methods used to calculate and estimate the cost of the project
• Work on methods to understand how the price is calculated for a project and how is it different than the cost of the projects
• Different types of Contracts and their impact on the cost
• Acquire the knowledge of monitoring the actual cost of the project
• Clarify the concepts of Earned Value Analysis
• Methods of Forecasting the project cost
• The best way of communication to be carried out by the project team

CONTENT

 Introduction

• Introduction to Project
• Project Life Cycle
• Difference between Operations and Projects
• Importance of a Project in the Strategic objective of the organization

 Cost and Cost Elements

• What does cost constitute;
• Cost categories
• Direct and Indirect Cost, Fixed & Variable Cost
• Cost Accounting
• Cost Trending
• Life cycle costing

 Pricing and Costing

• Tools for Pricing
• Pricing Strategy
• Return on investments
• Economic Cost

Cost Categories

• Material
• Labour
• Engineering Designs
• Tools, Machinery and Equipment

Economic Cost

• Types of Cost
• Changes in cost
• Taxes
• Depreciation and Depletion
• Economic Analysis Techniques

Cost Estimation

• Different methods of Cost estimation
• Estimation Accuracy
• Structuring the Estimate
• Managing and Controlling Resources

Cost Calculation for a Project

• Preparing Budget
• Controlling Cost
• Earned Value Analysis

Contracts

• Different Types of Contracts
• Advantages and disadvantages of contracts

Economic Analysis

• Financial and Cash Flow Analysis
• Investment Decision Making

This course is available in the following locations:
Nigeria - $3000
Ghana    - $6000
Rwanda - $7000
UK - $8000
USA - $8000