The Advanced Certificate in Cost Engineering (ACCE)
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COURSE DATES AND LOCATIONS
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INTRODUCTION
Engineering Economy provides a systematic framework for evaluating the economic aspects of competing design solutions. Just as engineers model the stress on a support column, or the thermodynamic response of a steam turbine, they must also model the economic impact of their recommendations. The AACE is the Association for the Advancement of Cost Engineering. They are one of the largest cost engineering organizations globally, serving the entire spectrum of the cost and management profession.
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COURSE OBJECTIVES
By the end of the course, you‘ll be able to:
- Understand the different types of cost concepts and designs
- Understand the various methods used to gauge cost estimates
- Learn about the time value of money over a project term
- Become aware of taxation issues
- Learn about evaluating Projects with the Benefit−Cost Ratio Method
- Understand the importance of sensitivity analysis, break even, and profit territory
- Learn about the importance of risk and how to manage associated risks
- Learn about planning your capital budget
- Understand the key factors in the decision making process
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COURSE AUDIENCE
This course is made for:
- Project Managers
- Plant Managers
- Compliance Officers
- Engineers
- Senior Management
- Head of Department
- Project Planner and Designers
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COURSE OUTLINE
Day One:
Cost
- Cost Elements
- Pricing and Costing
- Materials
- Labor
- Engineering Role and Project Success
- Machinery, Equipment, and Tools
- Economic Cost
- Activity-Based Cost Management
Day Two:
Cost Estimating
- Cost Estimating
- Process Product Manufacturing
- Discrete Part Manufacturing
Day Three:
Planning and Scheduling
- Project Planning
- Scheduling
Progress and Cost Control
- Earned Value Overview
- Performance and Productivity Management
Day Four:
Project Management
- Project Management Fundamentals
- Project Organization Structure
- Project Communications
- Project Labor Cost Control
- Leadership and Management of Project People
- Quality Management
- Value Engineering
- Contracting for Capital Projects
- Strategic Asset Management
- Change Management Practical Guide
- Overview of Construction Claims and Disputes
Day Five:
Economic Analysis, Statistics and Risk
- Financial and Cash Flow Analysis
- Practical Corporate Investment Decision-Making Guide
- Statistics and Probability
- Optimization
- Risk Management Fundamentals
- Risk Management Practical Guide
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