Construction Project Estimating and Scheduling

Setting the Stage for On-Time, On-Budget Performance

A Two-Day Seminar

“Construction projects” create a wide array of final structures:  Houses, strip malls, highways, skyscrapers, utility infrastructure and industrial plants.  Each of these disparate projects shares one thing in common: the need to closely manage time, cost and resources.

One of the most challenging aspects of planning a project is determining realistic estimates and schedules.  We have all been in the situation where we have had to meet impossible completion dates and budget requirements.  With the proper skills and knowledge, you can develop schedules and budgets to overcome these challenges.

This comprehensive two-day seminar delivers essential skills you need to manage project scope, make reliable cost and time estimates, and control execution…even as unforeseen issues arise.  Integrated Project Delivery concepts are addressed.

What You Will Learn

  • Create a Work Breakdown Structure (WBS) to establish effective resource and duration estimates
  • Determine construction methods, labor needs and project time frames
  • Use estimates to prepare winning bids for any size construction project
  • Develop a preliminary schedule using Critical Path Method (CPM)
  • Establish construction schedules
  • Make effective adjustments, including risk responses, to the preliminary schedule
  • Accurately update the schedule based work performance
  • Evaluate the schedule and budget based on various Earned Value (EVM) methodologies
  • Determine the cost for construction and evaluate cost performance
  • Manage performance throughout the construction project lifecycle

Seminar Outline

I. Introduction to Estimating

  • Overview of how estimating fits into Project Time and Cost Management
  • What an estimate is
  • The importance of good estimating
  • Qualities of good estimates
  • Johnson Space Center: Parametric Cost Estimating Handbook
  • Three level of estimating accuracy
  • Information required for good estimates

II. Five Different Estimating Methods

  • (Best) Guess
  • Analogous estimate
  • Parametric estimate
  • Bottom-up estimate
  • Three point estimate

III. Precedence Diagram Method of scheduling

  • Four different logic dependencies
  • Critical Path Method (CPM)
  • Resource Leveling
  • What-if Analysis

IV. Project Control

  • Schedule Control
  • Cost Control
  • One Picture Does Not Tell The Full Story
  • Earned Value
  • Cost Forecasting
  • Trend Analysis

Who Should Attend

  • Construction Project Managers / Team Leaders
  • Team Leaders moving into team leadership positions
  • Principals and executives from small to mid-sized firms
  • Engineers and architects
  • Estimators and accountants
  • Contract managers
  • Contractors and subcontractors
  • Business Planning Personnel