Conceptual Development and Capital Cost Estimating - March-2016 | AIChE

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Conceptual Development and Capital Cost Estimating - March-2016

Conceptual Development and Capital Cost Estimating

AIChE

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.

Instructor(s) 

John A. Williams, PE

John A. Williams, PhD, P.E., CFEI, MBA, ASA, is the Founder and General Manager of EPS, Inc. He conducts technology assessments and appraisals, as well as financial analyses for renewable and conventional energy technologies and facilities in the oil and gas, refining, biofuels, biomass, solar, wind, geothermal, coal, chemicals, steel, and power sectors. He has more than 35 years of industrial experience in technology development and implementation, and he is an Accredited Senior Appraiser by the ASA. He earned an MBA in finance from the Univ. of Chicago, MS and PhD in chemical and fuels...Read more

Ted J. Williams

Theodore (Ted) J. Williams, PhD, ASA, is a Principle at EPS, Inc. He has technical expertise in process design and optimization, multiphysics modeling and simulation, numerical analysis, product development and analysis, control system design, software development, data acquisition, forensic services, cost engineering, financial analysis, and technology appraisals for mechanical and energy technologies. He has a MS and PhD in mechanical and aerospace engineering from the Univ. of Notre Dame, as well as a BA in physics from Wabash College. Williams is an Accredited Senior Appraiser by the...Read more

1.50
...
AIChE Members  $1495.00
AIChE Grad Student Members $747.50
AIChE Undergrad Student Members $747.50
15.00

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Day One

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

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 One

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

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

RCEP
English
CH139
2 days
Intermediate

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Accommodation Instructions 

Group rates available through MicroTek Houston website (subject to availability and blackout). More info