Underestimating engineering costs can turn a promising project into a financial burden long before it reaches completion. This Engineering Cost Estimation and Control Training Course, delivered by the Arab British Fellowship Training Academy, looks at engineering costing not as a simple design review or cost-cutting exercise, but as a disciplined, creative process that sets the right value for both initial and long-term investment across a project's full lifespan.

Built around the work of multidisciplinary teams of experienced professionals, the course equips pricing estimators, vendors and engineers with a practical understanding of how engineering decisions shape product cost, covering the procedures, foundations and requirements behind reliable cost estimates.

Who Should Attend:

• Engineers and vendors working across industrial sectors.
• Cost evaluators and newly appointed staff in any industrial field.

Course Objectives:

• Understand engineering cost terminology and estimation methods, and recognise different cost concepts.
• Understand economic manufacturing and value for money, and how to develop affordable products and services.
• Model cost estimates to evaluate risk and achieve real cost savings.
• Collect, organise and evaluate data to build dependable cost estimates.

Module 1: Why Cost Estimation Matters for Decision-Makers

• Cost importance for heads of work.
• Data requirements to evaluate real costs.

Module 2: Foundations of Engineering Costs

• Introduction to foundations and procedures of engineering costs.
• Kinds of design and manufacture costs.

Module 3: Estimating and Reducing Costs in Practice

• Practical training to evaluate costs.
• Achieving cost savings on manufacturing production.

Module 4: Contracts, Cash Flow and Project Viability

• Key clauses in engineering contracts that affect the project.
• Project cash flows and evaluating project feasibility from the outset.

Course Format:

• In-house training.
• One-to-one training.
• Group training.
• Practical training.

Note:

• We can deliver this course at the time and location that suits you.
• This course is delivered to high standards for distinguished individuals. For more information, contact the Arab British Fellowship Training Academy team.