Communicate cost estimates to your customers

 

How should the detailed remediation cost estimate be reported to your organization?

Does the cost estimate fully represent the scope of the technical requirements and address all the work and delivery requirements?

Do you use the business case / cost estimate to forecast ROI?

What other activities must be completed prior to the development of a more detailed cost estimate?

Are there other rules of thumb that can be used to estimate the same cost or price?

...Find the answers to these, and more, questions with this Cost Engineering Toolkit:

• Design a report that will summarize your cost items by a specified category.
• Know what areas should be the focus of your Should Cost initiatives.
• Present the total project cost estimate to the public.
• Use capital cost estimates in enterprise budgets.
• Assess the software cost estimation.
• Categorize the parametric models used in cost estimation.
• Use cost estimates as a tool within procurement.
• Develop a reliable cost estimation and validation process.
• Know that the cost estimation is competitive.

HOW THIS TOOLKIT WORKS:

Save time, empower your teams and effectively upgrade your processes with access to this practical Cost Engineering Toolkit and guide. Address common challenges with best-practice templates, step-by-step work plans and maturity diagnostics for any Cost Engineering related project.

Download the Toolkit and in Three Steps you will be guided from idea to implementation results.

The Toolkit contains the following practical and powerful enablers with new and updated Cost Engineering specific requirements:

STEP 1: Get your bearings

Start with...

• The latest quick edition of the Cost Engineering Self Assessment book in PDF containing 49 requirements to perform a quickscan, get an overview and share with stakeholders.

Organized in a data driven improvement cycle RDMAICS (Recognize, Define, Measure, Analyze, Improve, Control and Sustain), check the…

• Example pre-filled Self-Assessment Excel Dashboard to get familiar with results generation

Then find your goals...

STEP 2: Set concrete goals, tasks, dates and numbers you can track

Featuring 991 new and updated case-based questions, organized into seven core areas of process design, this Self-Assessment will help you identify areas in which Cost Engineering improvements can be made.

Examples; 10 of the 991 standard requirements:

1. Does the cost estimate reflect the entire and detailed scope of works funded by the project, including works to be carried out by third parties, external dependencies and risk mitigating actions?
   
   
2. How much contingency of time and cost needs to be provided to meet the risk threshold or certainty target of the project management or other stakeholders?
   
   
3. Which recognized industry standards have been adopted in the production of the initial cost estimates to compare options and inform early decisions?
   
   
4. How would the quality of the work performed be rated in relation to identifying and resolving problems, cost estimates and overall performance?
   
   
5. What resources are needed from the project team, from plant operations and maintenance, and from contractors for handover and commissioning?
   
   
6. Which processes involves allocating cost estimates in order to establish a cost baseline for measuring project performance?
   
   
7. Have any of issues been considered with your organization and if so, have changes been made to the original agreement?
   
   
8. Do you foresee a need for new or revised cost estimates for programs to take into account the impact of sequestration?
   
   
9. What should be your approach to cost estimation risk factors and addressing potential asymmetric estimation risk?
   
   
10. Does the high level elemental and component structure of the cost estimate reflect the entire scope of the works?
    
    

Complete the self assessment, on your own or with a team in a workshop setting. Use the workbook together with the self assessment requirements spreadsheet:

• The workbook is the latest in-depth complete edition of the Cost Engineering book in PDF containing 991 requirements, which criteria correspond to the criteria in...

Your Cost Engineering self-assessment dashboard which gives you your dynamically prioritized projects-ready tool and shows your organization exactly what to do next:

• The Self-Assessment Excel Dashboard; with the Cost Engineering Self-Assessment and Scorecard you will develop a clear picture of which Cost Engineering areas need attention, which requirements you should focus on and who will be responsible for them:
  
  
• Shows your organization instant insight in areas for improvement: Auto generates reports, radar chart for maturity assessment, insights per process and participant and bespoke, ready to use, RACI Matrix
• Gives you a professional Dashboard to guide and perform a thorough Cost Engineering Self-Assessment
• Is secure: Ensures offline data protection of your Self-Assessment results
• Dynamically prioritized projects-ready RACI Matrix shows your organization exactly what to do next:

 

STEP 3: Implement, Track, follow up and revise strategy

The outcomes of STEP 2, the self assessment, are the inputs for STEP 3; Start and manage Cost Engineering projects with the 62 implementation resources:

• 62 step-by-step Cost Engineering Project Management Form Templates covering over 1500 Cost Engineering project requirements and success criteria:

Examples; 10 of the check box criteria:

1. Scope Management Plan: Has the scope management document been updated and distributed to help prevent scope creep?
   
   
2. Stakeholder Management Plan: Were Cost Engineering project team members involved in the development of activity & task decomposition?
   
   
3. Monitoring and Controlling Process Group: How many potential communications channels exist on the Cost Engineering project?
   
   
4. Activity Duration Estimates: Why is there a growing trend in outsourcing, especially in the government?
   
   
5. Team Operating Agreement: Are there more than two functional areas represented by your team?
   
   
6. Stakeholder Analysis Matrix: Is changing technology threatening your organizations position?
   
   
7. Procurement Audit: Could the bidders assess the economic risks the successful bidder would be responsible for, thus limiting the inclusion of extra charges for risk?
   
   
8. Probability and Impact Matrix: Which of your Cost Engineering projects should be selected when compared with other Cost Engineering projects?
   
   
9. Risk Audit: Does your organization have or has considered the need for insurance covers: public liability, professional indemnity and directors and officers liability?
   
   
10. Issue Log: Are there common objectives between the team and the stakeholder?

 
Step-by-step and complete Cost Engineering Project Management Forms and Templates including check box criteria and templates.

1.0 Initiating Process Group:

• 1.1 Cost Engineering project Charter
• 1.2 Stakeholder Register
• 1.3 Stakeholder Analysis Matrix

2.0 Planning Process Group:

• 2.1 Cost Engineering project Management Plan
• 2.2 Scope Management Plan
• 2.3 Requirements Management Plan
• 2.4 Requirements Documentation
• 2.5 Requirements Traceability Matrix
• 2.6 Cost Engineering project Scope Statement
• 2.7 Assumption and Constraint Log
• 2.8 Work Breakdown Structure
• 2.9 WBS Dictionary
• 2.10 Schedule Management Plan
• 2.11 Activity List
• 2.12 Activity Attributes
• 2.13 Milestone List
• 2.14 Network Diagram
• 2.15 Activity Resource Requirements
• 2.16 Resource Breakdown Structure
• 2.17 Activity Duration Estimates
• 2.18 Duration Estimating Worksheet
• 2.19 Cost Engineering project Schedule
• 2.20 Cost Management Plan
• 2.21 Activity Cost Estimates
• 2.22 Cost Estimating Worksheet
• 2.23 Cost Baseline
• 2.24 Quality Management Plan
• 2.25 Quality Metrics
• 2.26 Process Improvement Plan
• 2.27 Responsibility Assignment Matrix
• 2.28 Roles and Responsibilities
• 2.29 Human Resource Management Plan
• 2.30 Communications Management Plan
• 2.31 Risk Management Plan
• 2.32 Risk Register
• 2.33 Probability and Impact Assessment
• 2.34 Probability and Impact Matrix
• 2.35 Risk Data Sheet
• 2.36 Procurement Management Plan
• 2.37 Source Selection Criteria
• 2.38 Stakeholder Management Plan
• 2.39 Change Management Plan

3.0 Executing Process Group:

• 3.1 Team Member Status Report
• 3.2 Change Request
• 3.3 Change Log
• 3.4 Decision Log
• 3.5 Quality Audit
• 3.6 Team Directory
• 3.7 Team Operating Agreement
• 3.8 Team Performance Assessment
• 3.9 Team Member Performance Assessment
• 3.10 Issue Log

4.0 Monitoring and Controlling Process Group:

• 4.1 Cost Engineering project Performance Report
• 4.2 Variance Analysis
• 4.3 Earned Value Status
• 4.4 Risk Audit
• 4.5 Contractor Status Report
• 4.6 Formal Acceptance

5.0 Closing Process Group:

• 5.1 Procurement Audit
• 5.2 Contract Close-Out
• 5.3 Cost Engineering project or Phase Close-Out
• 5.4 Lessons Learned

 

Results

With this Three Step process you will have all the tools you need for any Cost Engineering project with this in-depth Cost Engineering Toolkit.

In using the Toolkit you will be better able to:

• Diagnose Cost Engineering projects, initiatives, organizations, businesses and processes using accepted diagnostic standards and practices
• Implement evidence-based best practice strategies aligned with overall goals
• Integrate recent advances in Cost Engineering and put process design strategies into practice according to best practice guidelines

Defining, designing, creating, and implementing a process to solve a business challenge or meet a business objective is the most valuable role; In EVERY company, organization and department.

Unless you are talking a one-time, single-use project within a business, there should be a process. Whether that process is managed and implemented by humans, AI, or a combination of the two, it needs to be designed by someone with a complex enough perspective to ask the right questions. Someone capable of asking the right questions and step back and say, 'What are we really trying to accomplish here? And is there a different way to look at it?'

This Toolkit empowers people to do just that - whether their title is entrepreneur, manager, consultant, (Vice-)President, CxO etc... - they are the people who rule the future. They are the person who asks the right questions to make Cost Engineering investments work better.

This Cost Engineering All-Inclusive Toolkit enables You to be that person.

 

Includes lifetime updates

Every self assessment comes with Lifetime Updates and Lifetime Free Updated Books. Lifetime Updates is an industry-first feature which allows you to receive verified self assessment updates, ensuring you always have the most accurate information at your fingertips.

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CONTENTS:

Checklists:


Checklists:Cost Engineering Checklist Report on PROJECT.pdf

Checklists:Cost Engineering Checklist Report on ORGANIZATION.pdf

Checklists:Cost Engineering Checklist Report on RISK.pdf

Checklists:Cost Engineering Checklist Report on PERFORMANCE.pdf

Checklists:Cost Engineering Checklist Report on DATA.pdf

Checklists:Cost Engineering Checklist Report on SYSTEM.pdf

Checklists:Cost Engineering Checklist Report on SOFTWARE.pdf

Checklists:Cost Engineering Checklist Report on TIME.pdf

Checklists:Cost Engineering Checklist Report on SCHEDULE.pdf

Checklists:Cost Engineering Checklist Report on WORK.pdf

Checklists:Cost Engineering Checklist Report on LABOR.pdf



STEP 1 Get your bearings:


STEP 1 Get your bearings:Cost Engineering Self-Assessment Pre-Filled EXAMPLE.xlsx

STEP 1 Get your bearings:Cost_Engineering_Quick_Exploratory_Self-Assessment_Guide.pdf





STEP 2 Set concrete goals tasks dates and numbers you can track:


STEP 2 Set concrete goals tasks dates and numbers you can track:Cost Engineering Self-Assessment.xlsx

STEP 2 Set concrete goals tasks dates and numbers you can track:Cost_Engineering.pdf

..and the Project Management resources in 'STEP 3: Implement, Track, follow up and revise strategy' as described above.

 

 

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These skills will enrich every part of your life.

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