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The Cost Estimating Process

12 Steps of a Quality Estimating Process
0.0
0.0/5
(0 reviews)
1 students
Created by Brandon Bier

8.8

CourseMarks Score®

10.0

Freshness

N/A

Feedback

7.2

Content

Platform: Udemy
Price: $11.99
Video: 44m
Language: English
Next start: On Demand

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Detailed Analysis

CourseMarks Score®

8.8 / 10

CourseMarks Score® helps students to find the best classes. We aggregate 18 factors, including freshness, student feedback and content diversity.

Freshness Score

10.0 / 10
This course was last updated on 2/2021.

Course content can become outdated quite quickly. After analysing 71,530 courses, we found that the highest rated courses are updated every year. If a course has not been updated for more than 2 years, you should carefully evaluate the course before enrolling.

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Content Score

7.2 / 10
Video Score: 7.7 / 10
The course includes 44m video content. Courses with more videos usually have a higher average rating. We have found that the sweet spot is 16 hours of video, which is long enough to teach a topic comprehensively, but not overwhelming. Courses over 16 hours of video gets the maximum score.
Detail Score: 8.5 / 10

The top online course contains a detailed description of the course, what you will learn and also a detailed description about the instructor.

Extra Content Score: 5.5 / 10

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This course contains:

0 article.
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Table of contents

Description

Do you want an accurate estimate?  Hate asking for more money or time?
You need to follow a process that produces a quality cost estimate.  The US Government Accountability Office (GAO) has produced a 12-step process that results in an estimate that is well-documented, comprehensive, accurate, and credible (4 characteristics of a quality estimate).  Based on the findings from the GAO’s assessment of projects and lessons-learned, this process can be used in any type of project or estimate. 
Project’s fail for many different reasons but common to most is the lack of a process that facilitates success and assures quality. By following a proven process, your project will minimize errors, increase accuracy, gain confidence from stakeholders, and put you on the path to executing to budget and schedule.
Follow along as I discuss the steps in detail.  You will learn the 12 Steps of a quality estimating process, which include:
1. Define estimate’s purpose
2. Develop estimating plan
3. Define programs characteristics
4. Determine estimating structure
5. Identify ground rules and assumptions
6. Obtain data
7. Develop point estimate and compare it to an independent cost estimate
8. Conduct sensitivity analysis
9. Conduct risk and uncertainty analysis
10. Document the estimate
11. Present estimate to management for approval
12. Update the estimate to reflect actual costs and changes

Requirements

• Basics of cost estimating and terminology

You will learn

✓ Cost estimating basics
✓ 12-Steps for a quality estimate
✓ 4 characteristics of a reliable estimate

This course is for

• Beginner and experienced cost estimators
• Project Managers
• Government agencies who require estimating

How much does the The Cost Estimating Process course cost? Is it worth it?

The course costs $11.99. And currently there is a 40% discount on the original price of the course, which was $19.99. So you save $8 if you enroll the course now.

Does the The Cost Estimating Process course have a money back guarantee or refund policy?

YES, The Cost Estimating Process has a 30-day money back guarantee. The 30-day refund policy is designed to allow students to study without risk.

Are there any SCHOLARSHIPS for this course?

Currently we could not find a scholarship for the The Cost Estimating Process course, but there is a $8 discount from the original price ($19.99). So the current price is just $11.99.

Who is the instructor? Is Brandon Bier a SCAM or a TRUSTED instructor?

Brandon Bier has created 1 courses that got reviews which are generally positive. Brandon Bier has taught 1 students and received a — average review out of reviews. Depending on the information available, Brandon Bier is a TRUSTED instructor.

More info about the instructor, Brandon Bier

Cost Consultant
I have 20 years of experience in the construction industry and my responsibilities include cost engineering, preconstruction planning, value engineering, consulting, team leading, and project management for complex projects.I have been involved in several projects in the nuclear sector for the U.S. DOE, the U.K. Nuclear Decommissioning Authority and for Atomic Energy of Canada Limited. I provided cost consulting, through project benchmarking, independent reviews and estimates, for projects ranging from nuclear waste storage facilities to waste retrieval machines to vitrification plants. I led a team on the UPF ICEs/EIRs for Long-Lead Procurements and Site Prep (LLP/SP), Mechanical Electrical Building (MEB), Main Processing Building (MPB), Salvage and Accountability Building (SAB) and Process Support Facilities (PSF), as well as the ICE for the UPF Long-Lead Procurements for Skids and Gloveboxes. I was also a main contributor to the MOX Performance Baseline Update.In 2018 I led the Waste Treatment and Immobilization Plant (WTP) Parametric Evaluations, which included analysis of to-go cost, schedule and risk with respect to funding and milestone constraints. More recently I led the independent cost estimate for the National Science Foundation’s Antarctic Infrastructure Modernization for Science (AIMS) project. And for the past several years, I supported two reactor decommissioning projects through the US Army Corps of Engineers (SM-1A in Ft. Greely, Alaska and SM-1 in Ft Belvoir, VA) as the lead cost estimator.I am a project management professional (PMP) and certified cost professional (CCP) with a BS in industrial design and an MBA from the Georgia Institute of Technology.

8.8

CourseMarks Score®

10.0

Freshness

N/A

Feedback

7.2

Content

Platform: Udemy
Price: $11.99
Video: 44m
Language: English
Next start: On Demand

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