With fluctuating costs due to current labor shortages and global supply chain issues, do you still have reliable cost estimates for your projects?
Do you need to perform cost estimating differently in today’s challenging times?
Cost estimating in projects, especially in the construction industry, has always been challenging, with so many unknowns around resources and constraints.
However, the challenges we face in projects today are unprecedented, especially now more than ever.
The post-covid era has brought about several complications around global supply chain issues and labor shortages in projects. The ongoing economic turmoil has added fuel to the fire and is disrupting the industry with erratic escalations in price, which has further complicated the process of cost estimation in projects.
Undoubtedly, these challenging circumstances have made estimating accurate costs in projects almost impossible.
However, it’s time we accept this fact and start aligning ourselves to adjust to this new transition phase in the global environment, whatever that may be.
To achieve this, we must first modify tried and true methodologies in cost estimating to align them better with the current construction project environment.
The fundamentals of cost engineering remain the same; however, it’s necessary to adapt them to best suit our current needs and tackle the various challenges in front of us.
But how?
How can we adapt Cost Estimating practices to align with today’s challenges?
We invite you to join this upcoming highlight informative masterclass with Bill Canterbury, CEP, PSP, PRMP, CCM, a Cost Estimating SME, and the President of Canterbury Construction Management Services, along with your host Shohreh Ghorbani, from Project Control Academy.
In this masterclass, you’ll explore how you can align best practices in cost engineering to suit the challenges we face in these challenging times. Learn how and why you need to make changes to cost-estimating methodologies and understand what the ‘new’ normal looks like.
By attending this free masterclass, you’ll get clarity on the following:
- Learn the importance of proper scope definition and estimating the complete scope of work in your project to achieve budget and schedule goals
- Gain a better understanding of the different cost-estimating approaches that need to be adopted based on the project delivery method.
- Embrace the importance of early value engineering in the project design stage to assess and price alternatives.
- Explore best practices on developing cost contingencies unique to your project.
- Explore how you can better understand supply chain challenges and establish contingencies
- Learn how you can maintain and utilize a historical database in cost estimation and how to keep it up to date with today’s challenging times.
WARNING:
We have limited number of spots available on our webcast system and space will fill up fast, so register now to avoid missing out.
This live webcast will be packed with high quality content that can change your career for the better!
About Bill Canterbury
Bill is an experienced construction/ project manager with three decades of experience in heavy civil construction. He primarily works for owners and engineers providing services such as cost estimating, planning and scheduling, constructability and value engineering recommendations, and risk analysis and mitigation.
As the owner of Canterbury Construction Management Services Inc., he brings extensive and proven experience in providing opinions of probable costs (OPC) based on real pricing, planning and scheduling based on real project experience, and quality constructability and value engineering recommendations from more than two decades of actual construction experience.
Bill holds multiple certifications through AACEi (Association for the Advancement of Cost Engineering, Intl), CMAA (Construction Management Association of America), and ICC (International Code Council).
Bill is the Chair for the Certified Estimating Professional (CEP) certification for AACEi and is a Trainer for CMAA’s Professional Construction Manager (PCM) course.
Recently, Bill is serving as a Professor at Metropolitan State University of Denver in the Department of Engineering & Engineering Technology. He is currently teaching the Construction Estimating and Construction Methods courses.
Believing that education and knowledge are key to improving public works capital projects, Bill is often a presenter on a local, national, and international stages.
Connect with Bill Canterbury on LinkedIn.
About Shohreh Ghorbani
As the founder and director of Project Control Academy, the leading provider of comprehensive online training programs in Project Controls, Shohreh has served tens of thousands of professionals to take their project controls skills to the next level.
In April 2018, AACE International Source Magazine featured Shohreh as the “Woman in Project Controls” honoree.
With her impressive track record in teaching and years of hands-on experience on a wide range of project control technical areas in various industries, clients have acknowledged Shohreh as a passionate trainer who transfers the knowledge of project controls in a simple and understandable manner.
Shohreh is a licensed project management professional (PMP) recognized by Project Management Institute (PMI) and a professional member of the Association for Advancement of Cost Engineering (AACE International). Toastmasters International certified her as “Advanced Communicator Silver”. She holds a Master of Science in Industrial Engineering.
Meet Shohreh at Project Control Academy or connect with her on LinkedIn.
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