Banking

Project Cost Control and Management Masterclass

24^th – 25^th October  2016| Kuala Lumpur

Effective Project Cost Control from Inception to Completion

Workshop Overview

During this two day training course you will address four broad themes that underpin project cost:

• THE PROJECT BUDGET - What is the project budget and how does it compare to the final cost

• COST ESTIMATING - How do we develop an estimate of the cost - and does this differ between client, designer and contractor

• RISK AND VALUE - How are risk and value incorporated into the budget

• COST MONITORING AND CONTROL – How to manage and control costs during the project life cycle

Set against a background of cost control and management, you will explore the elements of project cost and how costs are being managed. The effects of risk, value and decision making on project costs will be also explored.

Why you Should Attend?

Business cycles hit peaks and lows with consultants and contractors having to cope with increasing pressure for: Faster Construction, Higher Quality, and Lower Costs.

What has not changed is the need for effective cost control from inception to completion.

The Project Cost Control and Management Masterclass follows the framework of the Project Management Body of Knowledge. The topic is introduced and discussed, with emphasis on the Inputs-Processes-Tools and Techniques-and Outputs structure outlined. They include the introduction to Project Management, Estimate Cost & Determine Budget, Procurement Forms, Risk Management Overview and more.

The course is designed for professionals seeking to build or refresh their Project Cost Management knowledge. This two day training course equips you with the ability to manage and control your budgets, and confidently manage costs within your project's commercial framework. It will address topics like how to prepare a project budget and relate the budget to a cost breakdown, how to accommodate risk in cost estimating, how to accommodate proper procurement techniques to control your budget, how to manage and control costs, contingency calculation, cost reporting, and the broad principles and processes of construction cost management.

Major Benefits of Atending

ü  The IMPACT and METHODOLOGY of project cost control

ü  Ways and means of MINIMIZING and CONTROLLING costs on site

ü  Project cost management and accounting FUNCTIONS on site

ü  Project planning and its PURPOSE and EFFECT on project cost control

ü  How to COMMUNICATE & ASSIST management when it comes to cost methods and control

ü  additional INSIGHT into the process of work and cost analysis

ü  COST REPORTING SYSTEMS - new technology in monitoring costs and reports

ü  The EFFECT improper field reporting has on cost control

ü  MAINTAINING and MANAGING documents, material, tools and equipment

ü  The contract PROCESS from bidding to project close-out

For more information, please send an email to terrance@gf-intl.net with subject title "PCCM-KL" or call +65 6622 7942. Please send to terrancegf@gmail.com if you do not receive a reply within 24 hours.

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