Contract & Procurement

Training Course: Diploma in Estimating, Planning, Budgeting, Cost Control & Value Engineering

REF: P9399

DATES: 18 - 2025 May 2025

VENUE: Kuwait -

FEE: 3750 €

Program Overview

In this program you will learn about...
Comprehensive Multi-Discipline Skills to Empower you for Taking Effective Decisions on Your  Estimating, Procurement, Budgeting or Project Management Job.
The program will provide the participant with the essential PRACTICAL methodologies and tools for effective planning, estimating, budgeting, cost control and value engineering on his job.
The program emphasises use of standardized methods, procedures, knowledgebase and checklists.
The participant will be empowered to participate and potentially lead corporate effort to build an estimating knowledgebase and early warning systems of potential overruns. A workshop during the program will give the participant a hands on opportunity to Prepare a Project Plan and Estimate.
4 weeks of Intensive Training & Workshop Leading to Professional Recognition through the Award of a Diploma   (on Successful Completion of Program and Passing the Written Test)

Program Content

The program will provide the participant with the essential PRACTICAL methodologies and tools for effective planning, estimating, budgeting, cost control and value engineering on his job.
The program emphasises use of standardized methods, procedures, knowledgebase and checklists.
The participant will be empowered to participate and potentially lead corporate effort to build an estimating knowledgebase and early warning systems of potential overruns. A workshop during the program will give the participant a hands on opportunity to Prepare a Project Plan and Estimate.
Also included is a Workshop and Action Plan: An Implementation Strategy for Your Organization/ Department.
 (Subject to Customization by Program Director based on Participant Group)

(Program Timings 8:30 AM to 2:30 PM Some Days 3:00 PM - 7:30 PM)

  1. Estimating & Value Engineering Overview
  2. Estimating & Cost Control Problems
  3. Understanding the Estimating Problem
  4. Estimating vs. Guess Work
  5. Classification of Costs
  6. Bidding & Negotiation Issues
  7. Analyzing Production Costs
  8. Impact of Contract Conditions on Estimates
  9. Good Practices in Estimating (Quality Assurance)
  10. Defining Work Scope & Objectives: Physical, Documentation & Strategic
  11. Understanding Planning & Scheduling
  12. Impact of Planning Decisions on Costs
  13. Cost Escalation
  14. Material Takeoff
  15. Standard Material Costs Data
  16. Work Method
  17. Productivity
  18. Labour Hours
  19. Labour Rates Data
  20. Site Overheads
  21. Head Office Overheads
  22. Profit Allowance
  23. Contractor's Contingency Allowances
  24. Owner/Client's Contingency Allowances
  25. Cost Control…
  26. Achievement Measurement
  27. Regular Achievement Analysis
  28. Monitoring by Milestones
  29. Monitoring by Variances
  30. Impact of Variation Orders Claims
  31. Predicting for Remaining Part of Work
  32. Reporting Variances
  33. Proactive Reporting using Early Warning Systems
  34. Computer Tools for Estimating
  35. Value Engineering Implementation
  36. Quality Assurance in Estimating
  37. Program Recommendations and Your Action Plan
  38. Hands on Preparing an Estimate for a Project using Checklists & Forms
  39. Feasibility Project
  40. Design Project
  41. Construction Project
  42. Evaluating Estimate or Cost Proposal Prepared by Others
  43. Feasibility Project
  44. Design Project
  45. Construction Project
  46. Using Computer Tools for Estimating
  47. Bidding & Negotiation Issues
    1. Understanding "Value" for your Organization
    2. Understanding "Value" for your Customer
    3. Impact of Contract Conditions on Estimates
    4. Good Practices in Estimating (Quality Assurance)
  48. Value Engineered...
  49. Work Scope & Objectives: Physical, Documentation & Strategic
  50. Planning & Scheduling
  51. Value Engineered Estimating Methodology
  52. Computer Tools for Estimating
  53. Value Engineering Implementation Step-by-Step Methodology
  54. Quality Assurance in Estimating
  55. Understanding Strategic & Customer Focus for Estimating Function
  56. Good Practices for Estimating Management
  57. Best Practices for Estimating Management
  58. Program Recommendations and Your Action Plan
  59. Hands on Preparing an Estimate for a Project using Checklists & Forms
  60. Feasibility Project
  61. Design Project
  62. Construction Project
  63. Hands on Value Engineering Analysis for a Project.