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Certified Estimating Professional (CEP) Exam Preparation – Certified Program

Date: 3 August 2015 - 7 August 2015
Course ID: 463/2015
Duration: 5 Days
Fee US $: 3200 US$
Venue: Istanbul / Turkey

Introduction:

Today’s ever-changing business environment requires new approaches to Cost Engineering Management, which has become an important tool for dealing with time-to-market, resources, limitations, downsizing and global competition.

As markets and project organizations become more dynamic, administrative and technical skills alone are no-longer sufficient to deal with the complexities of modern project undertakings.

The Certified Estimating Professional (CEP) course/certification program is designed to establish credentials for those individuals working in the estimating field.

This certification program will give professionals a means to validate their skills and knowledge and provide the essential need for cost estimating practical implementation in the real world and the need of transferring theoretical to practical becomes a great challenge in the real world business which will direct and guide all project management knowledge areas implementation to achieve companies goals and objectives.



Also, it distinguishes the Certified Estimating Professional who has the knowledge and skills that impact the bottom line.

Who should attend:

Quantity surveyors, Estimators, engineers, project managers, accountants, financial, site managers, site engineers and any one interesting in estimating field.

Daily Outlines:

Day 1:

Cost, Pricing and Cost Estimation

1. Cost Elements

2. Pricing

3. Materials, Labor, Engineering and Equipments

4. Economic Costs and estimation

5. Activity-Based Cost Management

6. Estimating Modules and techniques

7. Types of estimates

7. Process Product Manufacturing Estimates

8. Discrete Product Manufacturing Estimates

Day2:

Cost Estimating Professional

1. Estimating Knowledge

2. Estimating Principles

3. Estimating Process

4. Estimating Practices



Day3:

Planning, Scheduling, Progress and Cost Control

1. Progress Measurement and Earned Value

2. Earned Value for Variable Budgets

3. Tracking Cost and Schedule Performance

4. Performance and Productivity Management

5. Understanding Time Management Environment

6. The three major independencies

7. Introduction to Networks tools and techniques (AON – AOA)

8. Precedence Diagram Method (PDM) the philosophy and the art

9. Arrow Diagram Method (ADM) the philosophy and the art

10. Activity duration estimates (CPM – PERT – Monte Carlo)

11. Crashing and Fast Tracking

Day4:

Project Management and Economic Analysis

1. Project Management Fundamentals

2. Project Organization Structure

3. Project Planning

4. Project Labor Cost Control

5. Leadership and Management of Project People

6. Quality Management

7. Value Analysis

8. Contracting for Capital Projects

9. Strategic Asset Management

10. Basic Engineering Economics

11. Applied Engineering Economics



Day5:

Statistics, Probabilities and Risk

1. Statistics & Probability

2. Basic Concepts in Descriptive Statistics

3. Risk Management

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