Do you face challenges with cost overruns or schedule delays on your projects?
You have likely encountered these challenges in your projects at some point. You would have also experienced its negative impact on project performance, business success, and overall stakeholder satisfaction.
Industry benchmarking has shown that despite adopting sophisticated technology and software for estimation, planning/scheduling, project controls, and 3D/4D modeling, projects continue to encounter challenges with cost and schedule overruns.
The current dynamic and unpredictable nature of our world further poses significant obstacles when it comes to delivering projects successfully.
To overcome these challenges, cost engineering is a critical discipline that helps manage and control costs and delivery, resulting in improved performance in your projects.
Cost Engineers play an integral role throughout the project lifecycle from initiation through planning, execution, and operations.
By providing accurate cost estimates, identifying potential risks and opportunities, analyzing project costs, and implementing cost control measures, you can help ensure that projects are completed on time and within budget.
So, how can you add value to project success?
How can you overcome cost overruns and schedule delays in your projects?
How can you generate predictable cost and schedule outcomes for your projects?
Let’s explore some best practices and strategies in cost engineering, aligned with the AACE Total Cost Management Framework, that you need to adopt in your projects.
Join Dr. Nick Lavingia, a Chevron-Retired Project Manager, consultant, advisor and trainer, along with your host, Shohreh Ghorbani from Project Control Academy, to learn how you can overcome schedule and cost challenges and achieve pacesetter project performance on a consistent basis.
Understand and explore best practices in cost engineering, including economic analysis, cost estimating, planning/scheduling, benchmarking, contracting/procurement, performance measurement, cost control/forecasting, progress reporting, and finance/audit that can help you generate predictable outcomes for your projects and achieve business success.
By attending this 90-min free masterclass, you will:
- Explore the best practices in cost engineering to overcome cost overruns and schedule delays on your projects and achieve better project performance.
- Gain a better understanding of the Total Cost Management Framework from AACE International.
- Explore the cost engineer's role in the success of a project, from project initiation, planning, and execution to operations.
- Understand how you can generate predictable cost and schedule outcomes for your projects.
- Claim 1.5 PDUs or 0.15 CEUs towards your professional accreditations.
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 Dr. Nick Lavingia
Nick has over 40 years of Global Project Engineering, Management, Consulting, and Training experience in the industry. As a Project Manager and Project Management Consultant/Advisor at Chevron, he supported large and small projects worth well over $ 100 billion in more than 20 countries. Since retiring from Chevron, he continues to provide Consultation and Training to Executives and Project Professionals worldwide. His experience includes projects in Oil & Gas Development, Oil Sands, Liquefied Natural Gas, Refining, Chemicals, and Mining.
Nick has a B.S. and M.S. in Chemical & Petroleum-Refining Engineering and a Ph.D. in Mineral Economics from the Colorado School of Mines. He is a registered Professional Chemical Engineer in the State of California.
As a contributing author on Profitability Analysis for the Engineer’s Cost Handbook, Nick has published and presented many papers at technical organizations. He is a recipient of an industry award from Pathfinder for outstanding contribution to the advancement of Project Management Technology, Chevron Chairman’s award for implementing Value Engineering throughout the corporation, and AACE’s Educational Service award.
Connect with Dr. Nick 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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