2 Days Workshop
Introduction
The primary goal of this workshop is to help professionals to forecast their Project Cost or profit estimates, Cash flow and funding requirement. Real current forecasting project cost modelling business cases will be analyzed and scenario solutions will be provided under the guidance of Dr. Steven Liew.
Course Objectives
By the end of this course you will be able to:
Develop Estimating Projects Times & Cost
Identify sources of project cost & Tracking it
Calculating the Basis for decision on proceeding or rejecting the project proposal
Specify material and labour rates and quantities for each task using work breakdown structure
Calculating your Project budgeted Income Statement
Applying Earned Value Management (EVM) & Critical Path Method to project management
Forecasting Sales and project Profit Model using Scenario analysis
Methodology
Case Study, Group Discussion& Video.
Who Should Attend
Entrepreneurs, Business Managers, Treasury, Marketing Managers, Project managers, Operational manager, Engineers, Supervisors, and Managers and all professionals who are interested in Project Cost Estimation
Special Feature: NOTE: Please bring laptop along
Programmed Outline
Day 1
Module 1: Financial Ratios Analysis
Learn how to size up a company quickly by reading their financial ratios
Liquidity
Solvency
Efficiency
Profitability
Asset Management
Assessing drivers of company profitability and growth: -
Operations and investment strategies: operating and investment management
Module 2: Estimating Projects Times & Cost
Quality of Estimates
Top-Down vs Bottom-Up Estimating
Project Costs Using the Work Breakdown Structure
Contract Bid Summary Costs
Module 3: Project Costs Estimate
Source of Project Cost
Expenditure over time
Tracking project costs
Exercise
Module 4: Project Based Budgets (Case Study)
Calculation of operating cash flow
Calculation of Project payback period, profitability index, IRR & NPV of the project?
Basis for decision on proceeding or rejecting the project proposal
Day 2
Module 5: Project Risk Modelling Skills
Analysing the potential risks facing an organization
Mitigating controls
Weight the financial impact
Cost/benefit decision analysis
Risk Model software
Module 6: Project Budget with Income Statement
See how well you are staying on budget
Internal Funding
External Funding/Other
Expenses (category)
Exercise
Module 7: Project Cost Management
Cost estimating
Cost budgeting
Cost control
Cost Estimation Tools and Techniques
Expenses tracking
Earned Value Management (EVM)
Critical Path Method
Exercise
Module 8: Application & Summar