Why Attend This Training Course?

What Is The Training Course Methodology?

This training methodology illustrates the concepts involved in the above areas through practical consideration of actual real-life problems, as well as explanation of concepts by experts in area using video projectors and computer aided case studies based on practical applications. Participants will solve their system problem, where the trainee’s try to apply the skills learnt with guidance from our specialized experts. ACAD will provide participants a comprehensive assessment on the problems solved using the skills acquired in the training course.

Who Should Attend This Training Course?

This training course is designed for mid and top managers involved with engineering cost analysis & monitoring in both public & private sectors. In particular, acquisition & procurement supervisors, systems planners & engineers supervisors, engineers with management & budget responsibilities for long & short projects.

What Are The Training Course Objectives?

The objective of this course is to acquaint the participants with the concepts and tools of engineering methods in estimating the cost associated with a cost center to be able to evaluate cost of profiles, projects and bids in a dynamic way.

What Is The Training Course Curriculum?

Introduction: Overview of Engineering Cost Estimations

• Cost elements in engineering projects

• Cost structures for production and service systems

• Some applications in engineering and public works projects

• Case studies & their analysis using computer methods

Value of Money with Time

• Cash flow and cash flow profile

• Cashflow patterns-investment and returns

• Equivalence of investment alternatives

• Case study (I)

Computer Spreadsheet Applications using Graphics

• Depreciation of Capital

• Effect of depreciation on total cost centers

• Balance between capital investments and inflation factors on commodities

• Case study (II)

Efficiency Measures

• MARR, rate of return & payback period

• Interactive computer applications & the use of spreadsheet

• Evaluation of alternatives

• Determine planning horizon For each cost center

• Analysis based on life cycle cost

Marginal Cost & Economics of Scale

• Purchase and install versus leasing: a fresh look

• Public sector decision making

• MARR for public expenditures

• Case studies and computer applications

• Practical application