Fundamentals Of Cost Estimating – 1 Day
This one-day course is a thorough examination of cost estimating fundamentals. Designed for the novice estimator, this course contains the building blocks every individual needs to know. Based upon the relationship between time and money, participants are taught the principles of the various types, elements, and processes of cost estimating. Several methods of the Rough Order of Magnitude (ROM) estimate are reviewed, including the end-product units method, the physical dimensions method, and the parametric method. Considerable emphasis is placed upon defining elements of the cost estimate and the allocation of such elements in a project. Examples and exercises make this seminar meaningful and enjoyable for all participants.
Each participant receives a copy of AACE International’s Skills and Knowledge book and ACM’s workbook for note taking.
ACM offers quantity discounts, please contact ACM for 4 or more attendees.
Registration for this course is not currently available. Please contact training (at) acmpm.com if you would like to purchase group training.