Course Objectives

By the end of this course, participants will be able to

understand:

• Relate to the terms “Cost Engineering”, Cost Management and “Cost

Control”

• The importance of Cost Engineering in Project Management.

• The structure and responsibilities of the Cost Team

• Key Cost Engineering Processes

• The relationships between Cost Engineering, Finance and

Accounting.

• How Cost Engineering can be used to predict and audit project Cost.

• How Cost Engineering can be used in measuring Local Content.

• The importance of contracting in Projects

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