Master Cost Control Effectively - Certified Professional Course

This comprehensive training course is designed to equip you with the essential knowledge and skills in project cost management, enabling you to reduce waste and maximize financial efficiency.

You will learn the latest cost control techniques and tools, including:

• Cost Analysis
• Financial Planning
• Performance Measurement

All delivered through real-world case studies and advanced software tools.

Who Is This Course For?

• Project Managers
• Engineers and Accountants
• Students and graduates looking to enter the field

Join now and start your journey toward mastering cost management skills!

When you enroll in this course, you will get the following benefits:

• Technical support from the IT team to download and install any required software.
• Administrative team that answers all your inquiries and follows up with you throughout the course until you get the certificates.
• The possibility of postponing the course (in case of any circumstance or only the desire to postpone until the time is available).
• The possibility of repeating the course again within a year of your subscription to review your information.
• Continuous follow-up from the instructor.
• You will get accredited certificates and hours for the course.

Course Content

Project Life Cycle

• Cost Life Cycle
• Pricing vs Budgeting
• What Do You Need to Create a Budget
• WBS, RBS, CBS
• Resources
• Fixed Cost & Variable Cost
• Direct Cost & Indirect Cost
• Cost Estimation & Price
• Markup & Margin
• MARR, ROI
• Bidding & Unbalanced Bidding
• Tender Strategies (Win-Win / Must-Win)
• Cost Control Outputs

Budgeting

• Cost Control Outputs
• Cost Report
• Wastage Report
• Labor Report
• Indirect Cost Report
• Budgeting
• Cash Flow
• Claims
• Procurement & Purchasing
• Concrete Works Breakdown
• Materials Wastage Percentage
• Materials Consumption Rates
• Consumption Rates
• C.A.P.M.A.S. & Quotations
• Architectural Works Breakdown
• Materials Wastage Percentage
• Materials Consumption Rates
• Consumption Rates
• C.A.P.M.A.S. & Quotations
• Make or Buy Analysis
• What is the Relation Between Construction Budget & Selling Price?

Actual Cost — (Material & Equipment)

• Cost Report Template
• Cost vs Cash
• Actual Cost
• Material Purchasing Cycle, Invoice Approval & Data Entry
• Equipment Rent Cycle, Invoice Approval & Data Entry
• Owned Equipment Cycle (Depreciation), Invoice Approval & Data Entry
• PR, SR, PO & Contracts
• Monitoring Variance & Controlling
• Economic Ordering Quantity (EOQ) & Reorder Point (RO)
• Just-in-Inventory & Storage Cost
• 4-Week Look Ahead Plans
• Equipment Rental Contracts Controlling Hints
• How to Revise Invoice

Actual Cost — (Manpower & Indirect)

• Resources Codes & CSI
• Actual Cost
• Subcontractors Contracting Cycle, Invoice Approval & Data Entry
• In-house Labor Cycle, Invoice Approval & Data Entry
• Running Indirect Cost Cycle, Invoice Approval & Data Entry
• Mob/De-mob Indirect Cost Cycle, Invoice Approval & Data Entry
• Monitoring Variance & Controlling
• Crew Composite Productivity Rates
• Productivity, Overtime & Second Shift
• Subcontractors Contracts Controlling Hints
• How to Compare Between Theoretical QS & Subcontractor QS

Earned Value

• Cost Report
• Progress Report & Client (In-house) Invoice
• Earned Value
• Direct Budgeted Cost Calculation (Subcontractor, Material, Equipment, Labor)
• Indirect Budgeted Cost Calculation

Cost Analysis & Forecasting

• Cost Report
• How to Compare Between Actual Cost & Earned Value
• Engineering Adjustment (+/-) (MOM / Subcontractor / Materials)
• Extra Cost
• CPI & CV
• ETC Using CPI (Project/Activities/Resources)
• More Accurate Forecasting (ETC)
• EAC
• Earth Works
• Pile Works (Different MOM)
• Slab Concrete Works
• Masonry Works
• Plastering Works

Cost Overrun & Cost Control Outputs

• Cost Report Templates
• Indirect %, L M E %
• Cost Overrun Factors
• Scope Creep
• Force Majeure
• Low Productivity for Labor or Equipment
• Delay
• Gold Plating
• Material Wastage & Control
• Inaccurate Estimation
• Poor Procurement
• Variation Order
• Poor Value Engineering (Exchange Rate)

Cost Control Other Outputs

• Wastage Report
• Labor Report
• Indirect Cost Report

Cash Flow

• Cash Flow
• Cash In
• Cash Out
• Payment Term
• Overdraft

Claims & Risk

• Claims & Cost Control Involvement
• Risk Management Process
• Risk Management Plan
• Risk Identification
• Risk Qualitative Analysis
• Risk Quantitative Analysis
• Risk Response Plan
• Monitor & Control Risks
• Risk & Schedule Intersection with Cost Control Work

Extra Hints

• ERP
• Excel
• Inflation
• Escalation Formula
• Sunk Cost
• Depreciation Equations
• Payback Period
• Cost Benefit Analysis
• Ideal Site-Inventory Cycle
• Interview Questions
• Commercial / Bridges / Ports