Cost Estimating

Cost Estimating is a fundamental yet challenging task for contract and project managers. Participants will receive instruction on the cost estimating process, principles, and procedures based on best-practices and the GAO Cost Estimating and Analysis Guidebook. In addition, they will learn step-by-step processes for developing accurate and realistic project cost estimates that withstand the scrutiny of customers and management and form a baseline for tight financial control. They will also learn how to incorporate risk and uncertainty into their estimates, provide range estimates, and manage the cost estimating process throughout the project life cycle.

Learning objectives

• Manage the cost estimating process throughout the project life cycle.
• Incorporate risk and uncertainty into estimates.

Skills

• Bottom-up estimating
• Estimating
• Parametric estimating
• Project estimating
• Cost-based risk analysis

PDUs

• Onsite instructor-led: 2 days - 15
• Virtual instructor-led: 2 days - 15