Name: Project Cost Estimating Skills Training Course
Rating: 4.7 (1076 reviews)

We regret to inform you that there are currently no scheduled sessions for this course, so please let us know your preferred date and location and we will contact you soon.

Course Introduction

The estimating techniques covered in this course will provide delegates with the necessary skills to forecast accurately the anticipated costs of projects with a focus on estimates for pre-construction services, estimating sub-contractor work, estimating general conditions, pricing self-performed work, and estimating negotiated contracts.

The development of reliable cost estimates during the design and early conceptual stages of a proposed project is of critical importance since the decision to proceed with a project is often based almost exclusively on early conceptual cost estimates. These estimates also provide the basis for the cash flow projections and forecasts used during the project feasibility study.

Objectives

By the end of this course, participants will be able to:

Apply techniques used in Project estimating, from the conceptual stage to the final detailed estimate
Understand the different types of contracts based on the distribution of risk between contracting parties
Synthesize innovative incentive arrangements to get the best results from the contract
Apply proper risk analysis to effectively mitigate risks at minimal costs, and to determine appropriate contingencies for residual risks
Prepare lump-sum, unit-price, cost plus, and time-and-materials estimates and contracts

Training Methodology

This course will utilise a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. Delegates will develop advanced project cost estimating and cost management skills and knowledge through formal and interactive learning methods. This includes individual exercises, team projects, applicable case studies and group discussions. Additionally, the course does not assume prior knowledge of the topics covered in the course. New concepts and tools are introduced gradually to enable delegates to progress from the fundamental to the advanced concepts of project risk management.

Who Should Attend?

This course is suitable to a wide range of professionals but will greatly benefit:

Project Cost Estimators
Project Designers
Project Planners and Schedulers
Contracts Professionals
Project Procurement and Purchasing Staff
Project Control and Business Services Professionals who have the responsibility for preparing cost estimates and project proposals in client and contracting companies

Course Outline

Day 1: Day One

Cost Estimating Basics

Basic Project Management definitions
Cost Selection Methods
Typical project terminology & setting up for success
Project cost management, Cost Control
Resource & Cost Allocation
Understanding project management inputs to cost estimation

Day 2: Day Two

Pricing, Contracts and Risk

Project management inputs to cost budgeting
Resource Requirements
Direct & Indirect Project Costs
Probability and Standard Deviation Formulae
Contract types according to risk distribution
Fixed Price Contracts, Cost-Plus Contracts

Day 3: Day Three

Developing the Project Budget & Cost Control

Risk Identification, Analysis & Management
Qualitative Risk Analysis
Quantitative Risk Analysis
Risk & Probability Matrix
Risk Response Strategy
Cash Flow management

Day 4: Day Four

Approximate & Detailed Estimating Methods

Material Estimating
Civil/Construction Estimating
Labor estimating, Detailed estimating with labor crews
Procurement Management
Risk distribution in contracting
Project risk profiles

Day 5: Day Five

Advanced Estimating Methods

Building Information Modeling (BIM)
Cost Estimating Relationships (CER)
Computer Estimating
Control Charts

Certificate

Copex Certificate of Attendance will be provided to delegates who attend and complete the course.
The applicable PMI Professional Development Units/Contact Hours will be reflected in the Certificate of Attendance

Material published by Copex shown here is copyrighted. All rights reserved. Any unauthorized copying, distribution, use, dissemination, downloading, storing (in any medium), transmission, reproduction or reliance in whole or any part of this course outline is prohibited and will constitute an infringement of copyright.

Whats Makes Copex Courses Unique?

COPEX Training is your gateway to professional growth, with over 20 years of experience turning potential into success. Each year, we deliver over 1,000 courses in 50+ countries, earning a stellar 98% satisfaction rate. Trusted by global giants like BP, the United Nations, and HSBC, we partner with top certification bodies to provide career-focused training that empowers individuals and drives organizational breakthroughs. Our mission? To transform the way professionals learn and grow in today’s fast-changing industries. Through expert insights, cutting-edge methods, and hands-on approaches, we equip you with the skills and confidence to tackle challenges, seize opportunities, and thrive in your career.

Led by a passionate leadership team and supported by a network of world-class trainers, COPEX Training connects professionals worldwide with life-changing opportunities. We are committed to excellence, ensuring every participant leaves with the tools, expertise, and confidence to conquer an ever-evolving world.

Related Categories

Finance & Accounting Project Management (PM)

Frequently Asked Questions

This FAQ section provides quick answers to the most common questions about our services, procedures, and policies. We aim to make your experience with us as straightforward as possible. For further assistance, our support team is ready to help.

Yes, and we'd love to make that happen. COPEX specialises in fully customised in-house training, adapting course content to align with your organisation's unique goals, culture, and industry demands. Get in touch with us directly and we'll craft the right solution for your team.

Yes, the choice is yours. The Project Cost Estimating Skills Training Course runs in a traditional classroom setting across various international locations, and it's also available as a live online programme for those who prefer to learn from wherever they are. Pick the format that fits your lifestyle and schedule best.

Not at all. The Project Cost Estimating Skills Training Course doors are open to everyone, regardless of your background or how many years you've been in the industry. That said, having some familiarity with the subject area can help you get even more out of the experience.

Our team is available around the clock — 24 hours a day, 7 days a week — ready to answer any question you have. Whether you need help choosing the right course, completing your registration, or sorting out logistics, we're here for you.

Phone/Whatsapp : +971 50 106 2750
Email: [email protected]
Website: copextraining.com

Expect an engaging, hands-on journey — not a room full of slides and passive listening. COPEX’s delivery blends presentations with group discussions, real-world case studies, practical exercises, and collaborative workshops. The goal is simple: everything you learn, you can use immediately back at work.

You'll be in good hands. COPEX hosts its courses in premium 4-star and 5-star hotels, with professional, fully equipped training spaces designed for focus and comfort. Throughout each day, you'll enjoy refreshment breaks with coffee and snacks, plus a complimentary lunch following every session.

This Project Cost Estimating Skills Training Course welcomes professionals from all walks of corporate life — whether you're a seasoned manager, an emerging team leader, a subject-matter specialist, or simply someone driven to grow in their field. If you're serious about advancing your career and deepening your expertise, this course was built with you in mind.

Absolutely. Every participant who successfully completes the Project Cost Estimating Skills Training Course earns an COPEX Certificate of Completion — a recognised mark of professional achievement. Depending on the specific course, it may also qualify for Training credits, which will be clearly noted in the course details.

We can customize this
training course for you!

At Copex Training, we offer customizable courses designed to fit your specific needs. whether it's refining procurement practices or enhancing leadership and management skills, we tailor our programs to meet your unique goals and challenges. Let us create a training solution that delivers real results for your team.

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