Serving the energy industry for over 30 years
By - Jon Brown

Project Cost Management
June 12, 2020 | Online :: 8:15 am - 12:30 pm Central Time

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Overview

If this event is of interest you may also be interested in this related event

Project Schedule Management, June 12, 2020

This webinar will give the participant a strong overview of project costs and budgeting. To develop a definitive project budget, one must first determine the scope of the project. This requires discussions with key stakeholders, supplier quotes, expenses, and contingency budgets. Further, maintaining the budget (i.e. preventing cost overruns) is an important part of managing a project. Students will be able to utilize these techniques immediately upon return to their current work role. The course content is in compliance with the PMBOK© (Project Management Body of Knowledge) as published by the Project Management Institute.

This webinar will be illustrated with real examples and reinforced with individual exercises. The program will also illustrate how projects coincide with company strategies and usually involve cross-company departments and expertise (and costs).

Learning Outcomes  

  • Obtain a high comfort level in developing a project budget
  • Apply earned value techniques to determine project status
  • Recognize the importance of Net Present Value (NPV)
  • Discuss how cost overruns impact the bottom line
  • Apply a successful approach in managing scope (and by extension, the budget)
  • Recognize the value of a contingency budget
  • Recognize capital vs. operating expenses and sunk costs

Credits

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EUCI has been accredited as an Authorized Provider by the International Association for Continuing Education and Training (IACET).  In obtaining this accreditation, EUCI has demonstrated that it  complies with the ANSI/IACET Standard which is recognized internationally as a standard of good practice. As a result of their Authorized Provider status, EUCI is authorized to offer IACET CEUs for its programs that qualify under the ANSI/IACET Standard.

EUCI is authorized by IACET to offer 0.4 CEUs for this event.

 

Requirements for Successful Completion of Program 

Participants must log in and be in attendance for the entirety of the webinar to be eligible for continuing education credit. 

Instructional Methods

PowerPoint presentations, interactive group exercise, and group discussion will be used during this webinar. 

Agenda

Friday, June 12, 2020 – Central Time

8:15 – 8:30 a.m. :: Login and Welcome  

8:30 am – 12:30 pm :: Course Timing


  • How the project scope determines the budget
  • Determining project requirements
  • Why proformas and net present value are important
  • Capital vs. operating expense
  • Overheads, contingencies, and sunk costs
  • Types of estimates
  • Earned value analysis
  • What should be included in my budget?
  • Use of the PERT formula
  • Cash flows
  • Earned value analysis – how, why, and when— including a practical exercise
  • Sunk costs and project cancellation criteria

Instructor

David Tennant, Windward Consulting Group LLC

David Tennant has successfully directed over $3.5 Billion in projects, programs, and resources.  With degrees in engineering and business, he has a unique perspective on projects at both the practitioner and executive levels. His experience includes engineering, operations, marketing, board leadership, consulting, training, and numerous executive roles.

Mr. Tennant has had projects worldwide and published over 35 articles on technical and managerial topics. His experience includes utilities, manufacturing, services, telecom, R&D, and EPC (engineering) firms. He is a registered professional engineer and certified project manager (PMP).

Online Delivery

Our courses are designed to be the best possible use of your valuable time – get the information you need to improve your position in the market in an interactive, dynamic format.

We will be using Microsoft Teams to facilitate your participation in the upcoming event. You do not need to have an existing Teams account in order to participate in the broadcast – the course will play in your browser and you will have the option of using a microphone to speak with the room and ask questions, or type any questions in via the chat window and our on-site representative will relay your question to the instructor.

    • You will receive a meeting invitation will include a link to join the meeting.
    • Separate meeting invitations will be sent for the morning and afternoon sessions of the course.
      • You will need to join the appropriate meeting at the appropriate time. 
    • If you are using a microphone, please ensure that it is muted until such time as you need to ask a question.
    • The remote meeting connection will be open approximately 30 minutes before the start of the course. We encourage you to connect as early as possible in case you experience any unforeseen problems.

Register

Please Note: This event is being conducted entirely online. All attendees will connect and attend from their computer, one connection per purchase. For details please see our FAQ

Event Standard RateAttendees
Project Cost Management - (single connection)US $ 495.00
Pack of 5 connectionsUS $ 2,225.00
Pack of 10 ConnectionsUS $ 3,715.00
For volume discounts call +1.303.770.8800 for quote
* all other discounts do not apply to license packs

This event has the following related events:

Project Schedule ManagementUS $ 495.00
Pack of 5 connectionsUS $ 2,225.00
Pack of 10 ConnectionsUS $ 3,715.00

By registering I indicate I agree with EUCIs privacy policy and understand I may receive emailed reports, articles, event invitations and other information related to products and services from EUCI and any of our business partners. I understand I may unsubscribe at any time by clicking the link included in emails.

Take advantage of these discounts!

  • Attend the Course and Project Schedule Management and pay US $ 895.00 per attendee (save US $ 95.00 each)

Cancellation Policy

Your registration may be transferred to a member of your organization up to 24 hours in advance of the event. Cancellations must be received on or before May 08, 2020. No refunds will be made after this date. Cancellations received after this date will create a credit of the tuition (less processing fee) good toward any other EUCI event. This credit will be good for six months from the cancellation date. In the event of non-attendance, all registration fees will be forfeited. In case of conference cancellation, EUCIs liability is limited to refund of the event registration fee only. For more information regarding administrative policies, such as complaints and refunds, please contact our offices at 303-770-8800

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