Cost Management (Control,Estimation,Pricing) Basics & Advanc
>_ What You'll Learn
- Comprehensive Explanation of Full Cost: Definition, Components, and Applications
- Full Practical Explanation of Cost Elements (Labors,materials,Subcon,Petty Cash,....)
- How To Deal With Financial KPIs (ROI,ROE,NPV,....)
- Study multiplier,Margin and profit
- How To deal With Indirect cost ,Managment Reserve & contingency Cost
- How to Prepare Study/Pricing Sheet
- How to Prepare Cost Control Reports
- Earned Value Method (EVM)
- Practical Workshop &Examples
- Pricing Engineer vs Cost Control Engineer vs Project Control Engineer
>_ Requirements
- No Experiance Required
/ Course Details & Curriculum
- Explanation of key definitions: cost types, margins, profit, and break-even concepts.
- Full analysis of core cost components: labor, materials, equipment, subcontractors, and petty cash.
- In-depth coverage of equipment costing, including various depreciation methods.
- Managing subcontractor costs, including contracts, Request for Quotation (RFQ) processes, selection methods, and invoicing.
- Comprehensive explanation of warehouse control and inventory reporting.
- Full breakdown of the procurement process, including Material Request Forms (MRF), Purchase Orders (PO), and RFQs.
- How to read and understand material data sheets and technical reports.
- Strategies for managing indirect costs, reserves, and contingency budgets.
- Explanation of Earned Value Management (EVM) and key performance indicator (KPI) calculations.
- Cash flow calculation for projects and linking costs to planned and actual spending.
- Analysis of profit types and methods for calculating project profitability.
- Preparation of cost control reports, evaluation, and variance analysis.
- Preparing material consumption and cost analysis reports.
- How to prepare periodic cost reports and link them with actual project progress.
- Break-even analysis and contribution margin techniques.
- Full study of the Project Top Sheet (Project Cost Summary).
- Study of the cost budget and cost baseline.
- How to prepare a pricing sheet from scratch.
- How to handle projects facing financial or cash-flow challenges.
- How to prepare a professional Cost Management Plan.
- Understanding the relationship with Planning, Accounting, the PMO, and the Study Department throughout the project life cycle.
Author and Instructor
Experts House
Expert at Udemy
With years of hands-on experience in Teaching & Academics, Experts House has dedicated thousands of hours to teaching and mentorship. This course is the culmination of industry best practices and a proven curriculum that has helped thousands of students transition into professional roles.
Community Feedback
Michael Chen
Verified Enrollment
"This Cost Management (Control,Estimation,Pricing) Basics & Advanc course was exactly what I needed. The instructor explains complex Teaching & Academics concepts clearly. Highly recommended!"
Sarah Johnson
Verified Enrollment
"I've taken many Udemy courses on Teaching & Academics, but this one stands out. The practical examples helped me land a job."
David Smith
Verified Enrollment
"Great value for money. The section on Project Cost Management was particularly helpful."
Emily Davis
Verified Enrollment
"Excellent structure and pacing. I went from zero to hero in Teaching & Academics thanks to this course. Lifetime access is a huge plus."
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