This two-day, in-depth course focuses on approaches to estimating costs and schedules for any project. Understand the various project areas that must be estimated, and the tools and methodologies best suited for the estimates you will prepare. Recognize the importance of effective estimating throughout the project management lifecycle.
Also available via instructor-led online (virtual classroom).
By the end of this course, students will be able to:
- Define cost estimating, cost estimating terms, and cost estimating concepts such as Basis of Estimate
- Create and use a solid Work Breakdown Structure (WBS) and Resource Breakdown Structure (RBS) to estimate cost and work
- Create cost estimates using different estimating techniques
- Apply a formal process to create a cost estimate for any project