Course Information
- Course Price
- Location Istanbul Courses
- Course Code CEI
- Course Date 6 Oct - 10 Oct 2025
Duration: 1 Weeks
Course Objectives
This course is designed to equip participants with the methodologies and tools, skills and attitudes to develop cost estimations in relation to various activities within E & P business, including management, design and construction projects. Participants will learn �what to do�, �how to do it� and �why�.
Who Should Attend?
This course is developed for economists and engineers specifically personnel involved with project and proposal estimation as well as operations, scheduling and planning.
Prerequisite Courses
None
Course Overview
Introduction to Cost Estimation
Cost Estimation and COCOMO
Projects and Project Life Cycle
Budgets
Sizing and Work Breakdown Structure
Project Documentation and Scope Issues
Cost Concepts (COSYSMO) and Bayesian approximations
Project Technical Planning
Estimating
Project Cost Control, Managing Change, Contracts and Tenders for Estimation
Procurement � Total Cost of Ownership
Probabilistics Analysis and Evaluations
Decision Analysis and Value Based Engineering
Enablers and Barriers for Process Improvement
Risk Estimation and Project Management including cost estimation guidance
Economic Principles for Estimation
Earned Value Analysis
Business Models and Modelling
Learning Outcomes
By the end of this course participants will be able to -
Introduction to and building awareness of cost estimating
Understanding what comprises Projects and Project Life Cycle
Understanding of Budgets
Complete Work Breakdown Structures
Understand the nature of Project Documentation and Scope Issues
Complete and participate in Project Technical
Be able to participate and be fully involved in all aspects of Estimating
Course Materials
The training course will consist of tutor led presentations/discussion, case studies,
practical exercises and DVD viewing and review, where applicable.