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Description

 
 

Practical approach to techniques and methods to figure and estimate the costs of a project:

  • Context - Environment
  • Economic calculation
  • Cost – Price – Investment
  • Implementation. Processes
  • Estimation concepts
  • Computer tools
 

Targets

 
 
  • Knowing the concepts, principles and using methods allowing forecast figuring
  • Knowing how to apply methodologies within a project
  • Developing behaviours for an early supervision of the cost

Public concerned

 
 
  • Project managers
  • Estimation managers-engineers
  • Cost control managers-engineers

Programme

 
 
Context – Environment
  • Project: Definition - the three targets CQD - Project types
  • Costs : Types of expenditure - link with types of projects
  • Project team and Project Management Office (PMO)
  • Cost-engineering, Value engineering, other project management terms
Costs – Prices – Investments
  • Cost and price (Bought and incorporated. Product Means Context)
  • Amortisations (Recurring non recurring, capex, opex)
  • Investments (corporal, incorporal, amortisable or not…)
Concepts of estimating
  • What is estimating?
    Guessing, return of experience, reference, hypothesis, standardised database, analogy, modelling
  • The laws of nature.
    Cost / charge, cost / unit size, cost / product size, cost / production size, cost / learning cost / maturity. Perimeter, Complexity and Size.
  • Methods:
    Analytic and overall opposition.
    Analogical and parametric Opposition
    The development of the analytic method.
    Cost Estimation Formulas (FEC) and their establishments.
    The Universelles of Freiman
    Comparisons
  • Cost in the project - risks
    Reminder of project phases and suitable methods
    Target cost. Objective cost. Forecast cost
    Precision and ruggedness of an estimation
    Evaluation of risks and forecasts.
Economic calculation
  • Profitability calculations.
  • Actual net value. TRI. ROI. VAN absolute and differential. Make or buy.
  • Other profitability expressions.
  • Impact of borrowing and fiscality on profitability.
  • The residual value.
Implementing – Processes
  • Taking care and exploring. (Analysis of competition costs, innovations. Transfers between industries. Use of maturity. Innovating for cost…)
  • Giving oneself targets (Fixing the overall target. Internal approach, external Approach. Submitting and negotiating)
  • Designing at objective cost Establishing a reference Estimating competing solutions Helping in negotiation (Should Cost) Controlling modification costs Conducting cost reduction operations (Could Cost) Estimating innovation. Necessity of references. Ruptures. Maturity
  • Managing the cost risk The typical variation risk or tree of random events Contingencies: Identification, probabilisation, evaluation Unforeeseens. Evaluation. Return of experience. Forecasts
Computer tools
  • Proprietary tools Access. BO, EXCEL, Statistic Tools, CCO Stat and Cost +, PRICE and MAP, ECM, COCOMO, CBR Kaidara and Isoft
Conclusions
 
 
 
 
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