Cost Estimation

(1 Day Training Course)

Cost Estimation

Summary: 

From process to tools – estimating cost across the life-cycle.

Introduction:

A formal and rational approach toward estimating including simple calculations and statistical techniques. Participants look at a variety of means to establish cost contingency, the estimating process of life-cycle cost and various cost estimation tools. Both finance industry personnel as well as participants without any prior knowledge will equally benefit.

Key Learning Outcomes:

There are many benefits of attending this course. Throughout the course, participants will improve their knowledge in the following areas:

  • Understand how estimating methods are used
  • How to apply risk analysis to cost estimating
  • The estimating process of life-cycle costs and how estimating tools are applied
  • The fundamentals and functions of cost estimating software
  • Problem solving

Course Programme:

(Subject to change & customisation for your requirements)

  1. Introduction to cost estimating
  2. Organising the estimating function
  3. Operating and capital costs
  4. Data collection and analysis
  5. Cost estimating methods
  6. Contingency Cost
  7. Cost risk analysis
  8. Cost documentation
  9. Life-cycle costs
  10. Computer aided estimating

Who Should Attend?

This course is designed to provide an overview on the cost estimation process for mineral processing plants. The course covers capital costs, operational costs, contingencies, estimating methods and risk assessments. Suitable for supervisors, managers, consultants, coordinators, financiers and brokers.

Also suited to:

  • Mining personnel
  • Project managers
  • Metallurgists
  • Senior mine staff
  • Plant operating staff
  • Engineers
  • Training providers
  • Technologists
  • Suppliers to the resource industry
  • Administration staff

For a brochure, further information on this course or to register please contact our training department on +61 8 9421 9000 or send an email to training@metsengineering.com

Cost Estimation

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