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Cost Estimation

A cost estimate is the approximation of the cost of a program, project, or operation. The cost estimate is the product of the cost estimating process. Cost estimation in project management is the process of forecasting the financial and other resources needed to complete a project within a defined scope. Once the project is in motion, the cost estimate is used to manage all of its affiliated costs in order to keep the project on budget.

Course Content

  1. PPM Knowledge    

  2. PMBOK


  4. Introduction to MSP

  5. GUI

  6. Creation of new project

  7. Calendar Introduction

  8. Type of Calendar

  9. Making a Project or resource or Activity Calendar

  10. Assigning a Calendar to the projects and Gantt chart

  11. Time Scale adjustments Different kind of relationship between tasks

  12. Different methods of linking

  13. Estimating the project finish date

  14. Identifying the project critical path Float /Slack overview

  15. Introduction to WBS

  16. Define indent, Out dent, Show or Hide

  17. SubTask Define Outline Number Code

  18. Define WBS Code ,Assign code in Activity table

  19. Resource

  20. Define Resource

  21. Assign Task Type

  22. Resource Sheet Preparation

  23. Resource Analysis

  24. Resource Calendar

  25. Resource Leveling

  26. Planning Budget of the project

  27. Constraints ,Recurring Taske

  28. Updating Project (Tracking)

  29. Plan Vs Actual Data ,Creation of baseline,Types of Updating,

  30. Tracking Gantt Setting of Gridline for Project Start, finish and status date, Tracking Table View

  31. Generating Variance for Date, Duration & cost Earned Value Analysis

  32. Filter

  33. Group

  34. Sorting Task

  35. Custom Filter, Table

  36. Reports

  37. Tabular Report & Visual report

  38. Report Customization

  39. Multiple Project

  40. Resource Share

  41. Data Transfer

  42. Import /export

  43. Product Customization

  44. Doubt Session

  45. Project



Construction cost estimating is the process of forecasting the cost of building a physical structure. Of course, builders and clients both worry about the financial impact of cost overruns and failing to complete a project. That’s why they devote time and effort to estimating how much a project will cost before deciding to move forward with it. Clients considering large projects often seek multiple cost estimates, including those prepared by contractors and those calculated by independent estimators.

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