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Home/Courses/Management & Leadership/Estimation and Cost Control

Estimation and Cost Control

Overview

Course Description

Estimates are essential to obtain the deal. However, estimation does not follow one single method. For different purposes, different methodologies are adopted taking into consideration the intricacies involved. Similarly for what ever is estimated need to be properly executed and controlled to obtain the anticipated
results.

Course Objectives

To train the participants in various facets of estimation and take them through the process of estimation. Also to discuss through participation various cost control methods after understanding the details of costs, their behaviors and methods to control or optimization.

Who Should Attend?

Middle level managers who are the cost centers.

Location & Date

Fees

  • 2019
    • Per participant
    • USD 4,000
Fees + VAT as applicable
Tax Registration Number : 100139824100506

Course Outline

  • Cost estimation models
    • Construction
    • • Software Development
    • • Manufacturing
    • • New product development
  • Types, Process, History, Authority etc.,
  • Identifying where to focus your efforts.
    • Managing cost control.
    • Specific cost control opportunities.
  • The pitfalls
    • Application of (1) investigative procedures to detect variance of actual costs from budgeted costs, (2) diagnostic procedures to ascertain the cause(s) of variance, and (3) corrective procedures to effect realignment between actual and budgeted costs
    • Costs have trends and behavious. To optimize the result, one should understand what they are and find scientific ways to control them. This requires innovative thinking and group effort.
  • For optimum benefit, a session over a period of one week may give the glimpses of such exercise