Conceptual Development and Capital Cost Estimating

Source: AIChE
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  • Type:
    Face-to-Face Course
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  • Duration:
    2 days
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To secure the adequate funding of engineering projects in the process industries

you need to accurately identify the project’s overall scope and monetary cost. Deficient conceptual estimates can cost you time and money and even threaten the viability of the project. This course covers the basics of conceptual development and capital cost estimating.       

Develop timely and accurate cost estimates

In two days, you’ll learn important estimating terminology and concepts and how to perform the different types of project estimates. You’ll examine how to predict and account for equipment costs, installation factors and cost escalation. Plus, you’ll delve into the detailed cost estimating process, including methodology and mechanical estimating methods. By the end of the course, you’ll have the knowledge and skills necessary to conceptualize projects and develop timely and accurate cost estimates that positively impact all your engineering projects.  

Take this course and CH140: Project Evaluation: Operating Cost Estimating and Financial Analysis by registering for CH758: Project Evaluation: Operating Cost Estimating Combo Course.

This course will be taught by one of the instructors listed below.


John Williams, PE

John Williams, PE, is a practicing engineer in the process industries with a 30+ year background in project development, cost estimating and financial analysis. His deep experience spans the chemical, metals, refining, biotech and pharmaceutical industries. In his engineering practice, he specializes in conceptualization, technical and economic analysis, process optimization, plant design and plant retrofits.Read more

Theodore Williams

Dr. Theodore “Ted” Williams has developed detailed cost estimation techniques for capital projects and operations over more than a decade at EPS, a leading engineering design firm.  In that time, he has worked closely with clients in the energy sector performing operations analysis, design, and valuations for oil refining, petrochemical, biofuels, and power generating facilities.

Dr. Williams’ technical expertise includes cost estimating, aerodynamics, computational fluid systems, finite element method, product development and design optimization. While...Read more

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