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Estimating
Training Seminars
Estimating A-to-Z for the
Process Industries
Total
Cost Management (TCM)
Capital Project Cost Control
Using Total Cost Management
Project
Decision Analysis and Risk Management
Project
Cost Uncertainty: Contingency, Reserves, and Escalation
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Estimating
A-to-Z for the Process Industries
Overview
This 2-day seminar is designed to
provide comprehensive coverage of the fundamentals of estimating for the
process industries, as well as covering many subtle and advanced
estimating concepts. The process industries are
"equipment-centric", and this influence is important in the
selection of estimating methodologies and techniques used in estimate
preparation. The seminar will cover the estimating process from both the
owner's and contractor's points of view, noting similarities and
differences in the respective approach of each. An emphasis will be placed
on examining the conceptual estimating methodologies that can assist in
preparing accurate estimates at early design stages of a process industry
project.
The seminar begins with laying the
foundations of estimating definitions and terminology used throughout the
course, examining the various types or classes of estimates used by the
process industries, and identifying the technical deliverables required to
prepare each class of estimate. The components and structure of an
estimate will be identified, leading to an overview and then in-depth
coverage of various estimating methodologies. The issues of costing,
pricing, adjustments, and allowances will be examined. Next, the
reliability limitations of the estimating methodologies and their impact
on estimating accuracy will be studied. The presentation of the estimate
is examined including a discussion of the basis of estimate document, risk
analysis, contingency, and the estimate review and validation process. The
importance of estimate-schedule integration will be addressed. The issues
of collecting project history, and providing the means to retrieve and
analyze that information to aid the estimating process will be discussed.
Finally, the organizational issues of an estimating department will be
tackled.
Who Should Attend
This seminar will be beneficial to the
novice and experienced estimator alike. The specific nuances of estimating
for the process industries will be presented in a way that allows the
attendee to immediately put to work the new skills and knowledge attained
during the class.
Learning
Objectives
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Become
comfortable with the terminology of process industry estimates
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Understand the estimate types, the
technical information required to support each type of estimate, and
the reliability limitations of each type
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Become familiar with the various
estimating methodologies applicable to process industries
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Understand how to professionally
present an estimate
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Understand the estimate review and
validation process
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Understand owner versus contractor
points of views and issues
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Take pride in the profession of
estimating
Typical Course Outline
Day 1
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Definitions and Terminology
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Estimate Types/Classifications,
Technical Deliverables
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Estimate Components/Structuring
the Estimate
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Direct Costs
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Indirect Costs
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Home Office Costs
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ISBL/OSBL
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Cost Code Structure
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WBS/RBS Structure
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Overview of Estimating
Methodologies
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Capacity Factored Estimating/Curve
Estimating
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Equipment Factored Estimating
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Parametric Estimating
Day 2
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Detailed Estimating
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Costing/Pricing/Adjustments/Allowances
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Reliability Limitations/Estimate
Accuracy
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Risk Analysis/Contingency
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Presenting the Estimate/Basis of
Estimate Document
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Estimate-Schedule Integration
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Estimate Review/Validation
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Project History, Retrieval, and
Analysis
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Organization of an Estimating
Department
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Wrap-Up, Questions
The Estimating A-to-Z seminar can be
customized to meet your needs. Please contact Larry
Dysert for additional information.
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