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COST ENGINEERING AND ECONOMIC ANALYSIS OF PROJECTS

The course will help to develop the professional skills and competences to be a successful cost estimator, planner and cost controller in a wide range of project types. Therefore, the course will be very instructive and valuable for a broad range of engineers working in many different areas related to project costs.

The training will also introduce participants to cost and economic analysis of the different energy efficient and renewable energy projects. Also participants will be introduced to the different sofewares and computer programmes applicable to EE and RE projects.
Engineers, Surveyors, Land Planners & Developers interested in highway design, land development and planning. This is an excellent class for new engineers, graduate trainees; Old engineers who require extended knowledge of Computer Aided Design and anyone who plans on use the Civil 3D work environment should attend this class.

MODULE 2: Business Financial Cost Analysis/Investment Appraisals
· Present value
· Future value and equivalence
· Cash Flow Analysis (Capitalization & Depreciation)
· OPEX / CAPEX Projects
· Internal rate of return
· Net present value
· Payback Period
· Break even analysis
· Cost benefit analysis
· Profitability Index
· Return on Investment
· Cost optimization
MODULE 1: Basics of Cost Engineering
· Introduction to Cost Engineering
· Cost Elements
· Materials (Direct and indirect cost)
· Labour (Direct and indirect cost)
· Equipment Parts, and Tools (Purchase and Selling costs)
· prime costs and Incremental Costs
· Economic costs and opportunity costs
· Fixed, Variable, Average and Marginal Costs
· Reoccurring & Nonrecurring Costs
· Sunk Costs and Overhead Cost
· Cash and Book Costs
· Activity Based Cost Management
· Application of EXCEL Tools