Project Evaluation: Operating Cost Estimating Combo Course | AIChE

Project Evaluation: Operating Cost Estimating Combo Course

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Take advantage of a four-day immersion in Project Evaluation and other cost estimation and financial analysis skills.

This AIChE course is a combination of Conceptual Development & Capital Cost Estimating (CH139) and Project Evaluation: Operating Cost Estimating and Financial Analysis (CH140).

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

Here’s a preview of what you’ll learn:

Conceptual Development and Capital Cost Estimating (CH139):

 
  • How to effectively conceptualize projects
  • How to perform cost estimating based on project type, size and location
  • Applying cost-estimating techniques
  • Dealing with uncertainties and risks inherent in cost estimating
  • Understanding the capital cost estimating process
Project Evaluation: Operating Cost Estimating and Financial Analysis (CH140):

 
  • Gain a value-oriented perspective of potential projects
  • Learn how to accurately estimate operating expenses
  • ROI: How to calculate it
  • Key cash flow analysis terms you need to understand – including:
    • Discounted cash flow (DCF)
    • Net present value (NPV)
    • Internal rate of return (IRR)

Who Should Attend:

Technical managers, R&D personnel, managers, project engineers and project managers involved in projects in the process industries – including:

  • Chemical
  • Pharmaceutical
  • Biological
  • Petrochemical
  • Materials
  • Petroleum
  • Gas

Day One (CH139)

Part I: Cost Estimation Basics

  • Estimating Terminology & Concepts
  • Types of Project Estimates

​Part II: Conceptual Development

  • Scope Development
  • Project Development

Part III: Conceptual Estimating

  • Equipment Costs
  • Installation Factors
  • Factored Estimates
  • Cost Escalation
  • Scaling Methods
  • Contingency Applications

Day Two (CH139)

Part IV: Detailed Cost Estimating

  • Project Management Costs
  • Project Related Costs
  • The Detailed Estimating Process
  • Methodology of Detailed Estimating
  • Mechanical Estimating Methods

Part V: Summary

Day Three (CH140)

  • Financial Terminology
  • Working Capital
  • Allocation of Shared Fixed Capital
  • Costing of Raw Materials
  • Energy Costs
  • Labor and Support Services
  • Plant Overhead, Allocation of Corporate and Other Shared Expenses
  • Estimating Revenue, Market Potential and Penetration

Day Four (CH140)

  • Value-in-Use
  • Required Selling Price
  • Measuring Profitability
  • Return on Investment Techniques
  • Cash Flow Analysis Techniques
  • Decision Making
  • Sensitivity Analysis
  • Risk Analysis
  • Investment Equivalents

Day One (CH139)

Part I: Cost Estimation Basics

  • Estimating Terminology & Concepts
  • Types of Project Estimates

​Part II: Conceptual Development

  • Scope Development
  • Project Development

Part III: Conceptual Estimating

  • Equipment Costs
  • Installation Factors
  • Factored Estimates
  • Cost Escalation
  • Scaling Methods
  • Contingency Applications

Day Two (CH139)

Part IV: Detailed Cost Estimating

  • Project Management Costs
  • Project Related Costs
  • The Detailed Estimating Process
  • Methodology of Detailed Estimating
  • Mechanical Estimating Methods

Part V: Summary

Day Three (CH140)

  • Financial Terminology
  • Working Capital
  • Allocation of Shared Fixed Capital
  • Costing of Raw Materials
  • Energy Costs
  • Labor and Support Services
  • Plant Overhead, Allocation of Corporate and Other Shared Expenses
  • Estimating Revenue, Market Potential and Penetration

Day Four (CH140)

  • Value-in-Use
  • Required Selling Price
  • Measuring Profitability
  • Return on Investment Techniques
  • Cash Flow Analysis Techniques
  • Decision Making
  • Sensitivity Analysis
  • Risk Analysis
  • Investment Equivalents

Day One (CH139)

Part I: Cost Estimation Basics

  • Estimating Terminology & Concepts
  • Types of Project Estimates

​Part II: Conceptual Development

  • Scope Development
  • Project Development

Part III: Conceptual Estimating

  • Equipment Costs
  • Installation Factors
  • Factored Estimates
  • Cost Escalation
  • Scaling Methods
  • Contingency Applications

Day Two (CH139)

Part IV: Detailed Cost Estimating

  • Project Management Costs
  • Project Related Costs
  • The Detailed Estimating Process
  • Methodology of Detailed Estimating
  • Mechanical Estimating Methods

Part V: Summary

Day Three (CH140)

  • Financial Terminology
  • Working Capital
  • Allocation of Shared Fixed Capital
  • Costing of Raw Materials
  • Energy Costs
  • Labor and Support Services
  • Plant Overhead, Allocation of Corporate and Other Shared Expenses
  • Estimating Revenue, Market Potential and Penetration

Day Four (CH140)

  • Value-in-Use
  • Required Selling Price
  • Measuring Profitability
  • Return on Investment Techniques
  • Cash Flow Analysis Techniques
  • Decision Making
  • Sensitivity Analysis
  • Risk Analysis
  • Investment Equivalents

A calculator is required for this course.

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  • Course ID:
    CH758
  • Source:
    AIChE
  • Language:
    English
  • Skill Level:
    Intermediate
  • Duration:
    4 days
  • CEUs:
    3.00
  • PDHs:
    30.00
  • Accrediting Agencies:
    RCEP