Designed to provide comprehensive coverage of the fundamentals of
estimating for the process industries, this seminar will cover many
subtle and advanced estimating concepts as well. The process
industries are “equipment-centric”, and this influence is important
in the selection of estimating methodologies and techniques used in
estimate preparation. The estimating process will be covered from
both the contractor and owner’s points of view, noting the
similarities and differences in the respective approach of each. An
emphasis will be placed on examining the conceptual estimating
methodologies that can assist in preparing accurate estimates at
early design stages of a process industry project.
The seminar begins with laying the foundations of estimating
definitions and terminology used throughout the course, examining
the various types or classes of estimates used by the process
industries, and identifying the technical deliverables required to
prepare each type of estimate. The components and structure of an
estimate will be identified, leading to an overview and then
in-depth coverage of various estimating methodologies. The issues of
costing, pricing, adjustments, and allowances will be examined.
Next, the reliability limitations of the estimating methodologies
and their impact on estimating accuracy will be studied. The
presentation of the estimate is examined including a discussion of
the basis of estimate document, risk analysis, contingency, and the
estimate review and validation process. The importance of
Estimate-Schedule integration will be addressed. The issues of
collecting project history, and providing the means to retrieve and
analyze that information to aid the estimating process will be
discussed. Next, the organizational issues of an estimating
department will be tackled. Lastly, the seminar will discuss various
problems inherent in estimating for mega-projects.
Skill Level: Basic, Intermediate, Advanced
Who Would Benefit by Attending? This seminar will be beneficial to the
novice and experienced estimator alike. The specific nuances of
estimating for the process industries will be presented in a way
that allows the attendee to immediately put to work the new skills
and knowledge attained during the class.
Learning Objectives:
- Become comfortable with the terminology of process estimates.
- Understand the estimate types, the technical information required for each type of estimate, and the reliability limitations of each type.
- Become familiar with the various estimating methodologies.
- Understand how to professionally present an estimate.
- Understand the estimate review/validation process.
- Understand contractor vs. owner points of view and issues.
- Understand the estimating problems of mega-projects.
- Take pride in the profession of estimating.
Course Outline:
| Times |
Agenda / Instruction Material Covered |
|
| Day 1 |
|
|
| 08:00 AM - 08:45 AM |
Definitions and Terminology |
| 08:45 AM - 09:30 AM |
Estimate Types/Classifications, Technical Deliverables |
| 09:30 AM - 11:00 AM |
Estimate Components/Structuring the Estimate
- Direct Costs
- Indirect Costs
- Home Office Costs
- ISBL/OSBL
- Cost Code Structure
- WBS/RBS Structure
|
| 11:00 AM - 12:00 PM |
Overview of Estimating Methodologies |
| 12:00 PM - 01:00 PM |
Lunch |
| 01:00 PM - 02:00 PM |
Capacity Factored Estimating/Curve Estimating |
| 02:00 PM - 03:30 PM |
Equipment Factored Estimating |
| 03:30 PM - 05:00 PM |
Parametric Estimating |
|
| Day 2 |
|
|
| 08:00 AM - 09:00 AM |
Detailed Estimating |
| 09:00 AM - 10:00 AM |
Costing/Pricing/Adjustments/Allowances |
| 10:00 AM - 10:45 AM |
Reliability Limitations/Estimate Accuracy |
| 10:45 AM - 11:30 AM |
Risk Analysis/Contingency |
| 11:30 AM - 12:00 PM |
Presenting the Estimate/Basis of Estimate Document |
| 12:00 PM - 01:00 PM |
Lunch |
| 01:00 PM - 01:45 PM |
Estimate-Schedule Integration |
| 01:45 PM - 02:30 PM |
Estimate Review/Estimate Validation |
| 02:30 PM - 03:15 PM |
Project History, Retrieval and Analysis |
| 03:15 PM - 04:00 PM |
Organization of an Estimating Department |
| 04:00 PM - 04:30 PM |
Dealing with Mega-Projects |
| 04:30 PM - 05:00 PM |
Wrap-Up/Questions |
|
About the Instructor:
Douglas W. Leo, CCC has thirty years of professional estimating and project consulting experience for the engineering and construction industries. Doug is the Principal with Censeo Project
Solutions; and currently providing estimating consulting services to Husky Energy to assist in the establishment of a best-in-class owner estimating organization. Previously, Doug was Senior
Project Estimator with the Eastman Kodak Company. Doug has been responsible for the preparation of conceptual and detailed estimates for capital projects, domestic and international, ranging from
$200,000 to over $1 Billion in size. Doug has specialized in estimates of large project size, strategic importance, utilizing new technologies, and those involving the use of parametric
estimating methodologies. Doug often provides training in estimating, cost metrics analysis, and risk analysis.
Doug has demonstrated experience in:
- Capital Project Estimating for a wide variety of industries
- Refinery and Petrochemical
- Chemical Process
- Photographic Film, Paper, and other Web-Based Technologies
- Industrial and Commercial Buildings
- Estimating Organization Management
- Estimating Methods and Procedures Development
Doug has been active in AACE at the international and local levels, and is a Certified Cost Consultant. He has held positions in the Genesee Valley Chapter of AACE International, including
serving as Chapter President, Vice-President, Education/Certification Director, Conference Chairman and Director. At the national level, Doug is currently Co-Chair of the Estimating Committee and
Chair of the Constitution and By-Laws Committee and past Region 2 Director.
Doug has been a highly rated speaker at many AACE conferences.
Doug has a B.S. in Management from the Roberts Wesleyan College, Rochester (1992), and a M.B.A. concentrating in International Business and the Management of Technology from Rochester Institute
of Technology (1997).
[REGISTER]
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