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DTSTART;TZID=Asia/Krasnoyarsk:20260608T083000
DTEND;TZID=Asia/Krasnoyarsk:20260610T160000
DTSTAMP:20260606T033604
CREATED:20241122T101948Z
LAST-MODIFIED:20260227T041821Z
UID:899-1780907400-1781107200@smart-training-center.com
SUMMARY:Engineering Cost Estimate
DESCRIPTION:BACKGROUND:\nCost engineering\, as defined by the American Association of Cost Engineers (AACE)\, is “the application of scientific principles and techniques\, combined with engineering experience and judgment\, to estimate costs\, control expenses\, and analyze economic feasibility.” Before the advancement of cost engineering\, construction cost calculations often deviated significantly from initial estimates. In response\, the AACE was established in 1956 to address the need for accurate project cost assessments and better project planning. \nOne of the keys to successful project execution—both in terms of budget and schedule—is pre-project planning. This process\, conducted by project owners from pre-feasibility studies (pre-FS) to engineering design (FEED) and execution phases (EPC)\, ensures that project costs stay within budget. Statistics from the Construction Industry Institute (CII) show that effective pre-project planning can reduce costs by up to 4% and shorten project timelines by 13%. This course is essential for professionals aiming to prevent budget overruns by mastering engineering cost estimation. \nCourse Objectives:\n\nUnderstand project estimation concepts and techniques from conceptual to detailed estimates\nDevelop company policies related to cost management and project workflows\nRecognize different types of estimates and their accuracy levels throughout the project lifecycle\nApply value engineering and analysis techniques\nGather and organize project cost information efficiently\nImplement lifecycle cost principles in project development\n\nWho Should Attend:\n\nEngineers (Engineering\, Reliability\, Maintenance)\nPurchasing Engineers/Managers\nProject Engineers\nMaintenance Managers/Supervisors\nProcess and Manufacturing Engineers\n\nCourse Content:\n\nTechnical Bid Evaluation & Project Cost Planning:\n\nScope of Work Reviews and Technical Bid Evaluations\nBudget Determination and Cost Spending Plans\nCost Estimation Techniques and Funding Requirements\nProject Cost Tools: Cost Baseline\, Funding\, and Management Reserves\nWork Package Costing and Contingency Reserves\nProject Cost Updates and Change Management\nCost Performance Analysis: Variance and Indexes\nQuality Assurance (QA) for Project Proposals and Forecasting\n\n\nRisk Analysis and Mitigation Strategies:\n\nRisk Identification and Logic Review\nQuantification and Risk Modeling\nMapping Risks to Project Activities\nDeveloping Response Plans and Mitigation Strategies\nPreliminary and Impacted Risk Analysis\nQA for Risk Mitigation Plans\n\n\n\nAbout the Trainer:\nIr. R. Iim Takwim\, ST.\, MM.\, IPM.\, ASEAN.Eng.\, ACPE \nMr. Iim Takwim is a highly accomplished professional with a solid academic foundation in Industrial Engineering. He has further honed his expertise by earning both a Master’s and Doctorate degree in Human Resources\, complementing his technical and managerial skills. His extensive professional experience includes roles such as HRD Manager in the textile industry\, Production Manager in the garments industry at PT. Fit-U\, and Head of the Laboratory for Industry\, Automotive\, and Machinery at STT-JB. \nIn addition to his managerial roles\, Mr. Takwim is an active contributor to knowledge sharing and skill development. He has delivered training and consultancy to leading national and international organizations across various industries. His clients include PT. Timah Tbk.\, PT. Arun LNG\, PT. Batu Bara Bukit Kendi\, PT. Petrosea Tbk.\, PT. Chevron Pacific Indonesia\, PT. Freeport Indonesia\, PT. Banpu\, PT. Medco E&P\, PT. Semen Gresik\, PetroChina International\, PT. Vico Indonesia\, Pertamina\, CNOOC\, PT. British Petroleum\, BP Migas\, PT. Pupuk Kaltim\, PT. Badak NGL\, PT. Kaltim Prima Coal\, and many others. \nMr. Takwim has also collaborated with companies in diverse sectors\, including energy\, mining\, petrochemical\, and financial services\, such as PT. Adaro Indonesia\, PT. Krakatau Wajatama\, PT. Citic Seram Energy\, PT. Total E&P Indonesie\, PT. Energi Sengkang\, PT. Hexindo\, and BRI. His vast experience\, combined with his technical expertise and human resource management skills\, makes him a sought-after trainer and consultant\, contributing significantly to organizational development and operational excellence. \nPublic Training berikutnya : 26 – 28 Oktober\, 2026
URL:https://smart-training-center.com/event/engineering-cost-estimate/
LOCATION:Bandung\, Jawa Barat\, Indonesia
CATEGORIES:Finance,Production Operation
ATTACH;FMTTYPE=image/jpeg:https://smart-training-center.com/wp-content/uploads/2024/11/Engineering-Cost-Estimate.jpg
ORGANIZER;CN="PT Fiqry Jaya Manunggal":MAILTO:info@fiqry.com
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