Description

Introduction to cost engineering/estimating profession and types of costs. Detailed cost estimating. Risk contingencies. Bid preparation & bidding strategies Cost estimating methods in PMBOK. Computerized cost engineering. Cost accounting and cost control. Earned value management. Asset management. Project cash flow analysis. Value analysis/engineering. Time value of money & engineering economics. Measures of worth for project feasibility.

Program

Master of Engineering (MEng)

Objectives

• The aim of this course is for the student to get acquainted with the skills, techniques, processes, and knowledge areas relevant to the professional practice of cost engineering.