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INSTRUCTOR:
Nils J. Gransberg, Ph.D., DBIA, A.M.ASCE
Purpose and Background
This on-demand seminar is a series of learning modules that have been developed for engineering and design professional, both new to and experienced, involved in or interesting learning how to develop conceptual estimates to support decision making in early phases of project development. Developing accurate conceptual estimates with minimal scoping information is a critical part of effective program management, master planning, and ensuring that sufficient funding for capital projects is available to complete the scope on time and on budget at some point in the future. This course will consist of a combination of lectures to present new material and practical exercises to reinforce the application of the individual learning objectives.
Benefits and Learning Outcomes
Upon completion of this course, you will be able to:
- Explain the Fundamentals of Cost Engineering: Gain knowledge of cost engineering principles and their application in conceptual estimating.
- Develop Conceptual Cost Scopes of Work: Learn how to define and articulate scope of work with minimal information to support early-phase project development.
- Create Feasibility and Pro Forma Estimates: Build the skills needed to develop feasibility estimates and pro forma to aid decision-making in project planning.
- Utilize Databases for Top-Down Estimates: Understand how to compile and use databases effectively for generating accurate top-down conceptual estimates.
- Estimate Design Fees and Master Planning Costs: Learn techniques to estimate design fees and costs associated with master planning while considering project complexities.
- Apply Conceptual Estimating in Practical Scenarios: Integrate knowledge and techniques through hands-on exercises, focusing on feasibility and master planning range estimates.
Assessment of Learning Outcomes
Students' achievement of the learning outcomes will be assessed via a short post-test assessment (true-false, multiple choice, and/or fill in the blank questions).
Who Should Attend?
- Civil Engineers
- Project Managers
- Program Managers
- Owner’s Representatives
- Architects and Design Professionals
- Procurement Specialists
- Construction Professionals
Outline
Part 1
- Introduction to Cost Engineering
- Developing Conceptual Cost Scope of Work
- Feasibility Estimates: Pro Forma Development
- Practical Exercise: Feasibility Estimate
Part 2
- Developing Databases for Top-Down Estimates
- Design Fee Estimates
- Applications for Conceptual Estimates
- Practical Exercise: Master Planning Range Estimate
How to Earn your CEUs/PDHs
This course is worth 1.4 CEUs /14 PDHs. To receive your certificate of completion, you will need to complete a short post-test and receive a passing score of 70% or higher within 365 days of the course purchase.
How do I convert CEUs to PDHs?
1.0 CEU = 10 PDHs [Example: 0.1 CEU = 1 PDH]