Applied Cost Engineering

Part 1 Cost estimating: estimate accuracy, estimation approaches/classes, estimating methods, computerized estimating, labour productivity, indirect costs, data collection and management, estimate coding and documentation, predicting future escalation, contingency a provision for uncertainties, estimating a revamp project. Part 2 Cost control: introduction to cost control, the cost engineer as part of project management, cost control during conceptual engineering, cost control during detailed engineering - introduction to the problem, cost control during engineering - engineering costs, cost control during detailed engineering - equipment purchases, cost control during detailed engineering - bulk materials, project changes, subcontract development, administration and control, cost control during construction - the first three steps, cost control during construction - forecasting direct field labour, cost control during construction - items other than direct field labour, the monthly cost report and cost control meetings, systems and computer applications, the cost of cost control, selecting a contractor for a reimbursable-type contract, control of bulk materials. Part 3 Case studies.