HCTPL

Costing And Estimation Course

Join Opulent Vidya Private Limited's specialized Costing and Estimation course to master the essential skills of project cost estimation and budgeting.

Our comprehensive program is designed to equip participants with the knowledge, tools, and techniques needed to accurately estimate project costs, manage budgets effectively, and maximize project profitability. Whether you’re a beginner looking to understand the basics or a seasoned professional aiming to enhance your expertise, our courses offer a pathway to success in the field of construction cost management.

Basis Level Course (20K, 1 Month Duration)

Gain a solid foundation in costing and estimation with our Basis Level Course. Over the course of one month, participants will delve into the fundamental principles of project cost estimation, including cost components, estimating techniques, and cost analysis methods. Through interactive lectures, practical exercises, and real-world case studies, students will learn to develop accurate cost estimates, prepare project budgets, and mitigate cost risks. Upon successful completion, graduates will receive a prestigious completion certificate, validating their newfound knowledge and skills.

Intermediate Level Course (70K, 3 Months Duration with 1 Month Internship

Elevate your expertise with our Intermediate Level Course, designed to provide a deeper understanding of costing and estimation principles and practices. Spanning three months, this comprehensive program includes advanced coursework and a one-month internship opportunity for real-world experience. Participants will delve into topics such as cost control, variance analysis, value engineering, and life cycle costing. Additionally, students will benefit from unlimited interview calls with our network of top clients, providing valuable career opportunities in the construction industry.

Advanced Level Course (1.5 to 2 Lac, 6 Months Duration with 1 Month Internship)

For those aspiring to become leaders in construction cost management, our Advanced Level Course offers an intensive and immersive learning experience. Over six months, participants will engage in advanced coursework, hands-on projects, and a one-month internship to refine their skills to the highest level. From advanced cost estimation techniques and software applications to contract management and negotiation skills, students will gain the expertise needed to excel in the competitive field of construction cost management. With unlimited interview calls with top clients, graduates will be well-prepared to pursue leadership roles and prestigious opportunities in the industry.

Costing and Estimation Course Description



Welcome to the Costing and Estimation course offered by Opulent Vidya Private Limited. This specialized program is designed to equip participants with the essential skills and knowledge required for accurate project cost estimation, budgeting, and management. Through a combination of theoretical instruction, practical exercises, and real-world case studies, this course provides a comprehensive understanding of costing principles and estimation techniques relevant to various industries, particularly construction and project management.

Course Concepts

  1. Introduction to Costing and Estimation: Understand the importance of costing and estimation in project management and decision-making processes. Learn about the role of cost estimation in project planning, budgeting, and control, and its impact on project success and profitability.

  2. Cost Components and Classification: Explore the various components of project costs, including direct costs (e.g., labor, materials, equipment) and indirect costs (e.g., overhead, administrative expenses). Learn how to classify costs based on their behavior (fixed vs. variable) and relevance to project activities.

  3. Cost Estimation Techniques: Delve into different cost estimation methods and techniques used in project management, such as analogous estimation, parametric estimation, bottom-up estimation, and three-point estimation. Understand the advantages, limitations, and applicability of each technique in different project scenarios.

  4. Project Budgeting: Learn how to develop project budgets based on cost estimates, resource requirements, and project deliverables. Explore techniques for budget allocation, contingency planning, and risk management to ensure that project budgets are realistic and aligned with project objectives.

  5. Cost Control and Variance Analysis: Understand the importance of cost control in monitoring and managing project expenditures. Learn how to track actual costs against budgeted costs, identify variances, and implement corrective actions to keep projects on track and within budget.

  6. Value Engineering: Explore the concept of value engineering and its role in optimizing project costs without compromising quality or performance. Learn how to identify cost-saving opportunities, analyze alternatives, and implement value engineering strategies to maximize project value.

  7. Life Cycle Costing: Understand the concept of life cycle costing and its significance in evaluating the total cost of ownership of a project over its entire life cycle. Learn how to assess costs associated with design, construction, operation, maintenance, and disposal phases to make informed investment decisions.

  8. Cost Estimation Software: Gain hands-on experience with cost estimation software tools commonly used in the industry, such as Excel, specialized project management software (e.g., Primavera, Microsoft Project), and dedicated cost estimation software packages. Learn how to leverage these tools to streamline cost estimation processes and improve accuracy.

  9. Contract Management: Explore the role of contract management in project cost estimation and control. Understand the key elements of construction contracts, contractual terms and conditions, and their impact on project costs and profitability. Learn how to negotiate contracts, manage change orders, and resolve disputes to minimize cost overruns and delays.

  10. Case Studies and Practical Applications: Apply costing and estimation concepts to real-world case studies and practical exercises. Analyze project scenarios, develop cost estimates, create budgets, and evaluate cost-saving opportunities to enhance decision-making skills and problem-solving abilities.

Through this course, participants will develop the necessary skills and competencies to excel in the field of costing and estimation, whether in construction, engineering, project management, or related industries. By mastering cost estimation techniques, budgeting principles, and cost control strategies, participants will be well-equipped to contribute to the success of projects and organizations by ensuring efficient resource allocation, cost-effective decision-making, and project profitability.

Refund Policy: 

At Opulent Vidya Private Limited, we prioritize student satisfaction and learning outcomes. Hence, we offer a transparent refund policy to ensure peace of mind for our participants. Should a student find themselves dissatisfied after the first class, they are eligible for a full refund. However, after the second class, the refund policy becomes inapplicable, reflecting our commitment to delivering value and excellence from the onset.

Enroll today in Opulent Vidya Private Limited’s Costing and Estimation course and unlock your potential as a skilled construction cost management professional. Embark on a transformative journey towards success and mastery in the field of project cost estimation and budgeting.