Course Description

Basic Turnaround Cost | 3315

$1,025

This Basic Turnaround Cost training course is designed for individuals that do not have any turnaround Cost Management experience. This course will give you a basic understanding of the Cost Professional’s roles and responsibilities during a Turnaround. This course will be a hybrid of lectures and hands-on activities.

Duration: Self-Paced

Always have full access to the Project Controls University course material - Additional feature: Includes 1 week of Access to our Training Environment (additional time available to purchase)

Self Paced Online Module - Plus

Custom Training Environment Included - 1 Week Access

Microsoft Excel files needed for exercises in this class are provided in a custom training environment. One-week access is included with this course.

Recommended Equipment: Additional Computer Monitor

Please contact us at training@tepco.us for any questions you may have.

Course curriculum

  • 1

    Course Introduction

    • Welcome to Basic Turnaround Cost | 3315

    • Course Introduction

  • 2

    Section 01: Industry Changes in Cost Management

    • Purpose and Objectives

    • 1.1 Current TAR Process

    • 1.2 Suggested TAR Process

  • 3

    Section 02: Turnaround Cost Cycle

    • Purpose and Objectives

    • 2.1 Turnaround Phases

    • 2.2 Turnaround Cost Cycle

    • VIDEO - Turnaround Cost Cycle

  • 4

    Section 03: Cost Breakdown Structure

    • Purpose and Objectives

    • 3.1 What is a Cost Breakdown Structure?

    • 3.2 Class Exercise: CBS Turnaround Jeopardy

    • Review Questions Section 1-3

  • 5

    Section 04: Estimate Development

    • Purpose and Objectives

    • 4.1 Estimate Timeline

    • 4.2 Preparation Estimate

    • 4.3 High-Level Scope Estimate (+/- 50%)

    • 4.4 Work Scope Estimate (+/- 30%)

    • 4.5 Plan Estimate (+/- 30%)

    • Review Questions Section 4

  • 6

    Section 05: Budget Development

    • Purpose and Objectives

    • 5.1 Estimate vs Budget

    • 5.2 Histograms

    • 5.3 Staffing Plans

    • VIDEO TUTORIAL | 5.4 Class Exercise: Modifying a Histograms (Resource Profile)

    • 5.4 Class Exercise: Modifying a Histograms (Resource Profile)

    • 5.5 Bid Sheets

    • 5.6 Estimate Breakdown Sheets

    • VIDEO TUTORIAL | 5.7 Class Exercise: Comparing Bidding Files

    • 5.7 Class Exercise: Comparing Bidding Files

    • 5.8 Purchase Orders & Control Budget

    • VIDEO TUTORIAL | 5.9 Class Exercise: Building a Budget

    • 5.9 Class Exercise: Building a Budget

    • Review Questions Section 5

  • 7

    Section 06: Preparing for Execution

    • Purpose and Objectives

    • 6.1 Preparation Activities

  • 8

    Section 07: Cost Tracking & Control

    • Purpose and Objectives

    • 7.1 Execution Activities

    • 7.2 Daily Force Reports

    • 7.3 Daily Timesheets

    • VIDEO TUTORIAL | 7.4 Class Exercise: Populating Actuals in a Cost Report

    • 7.4 Class Exercise: Populating Actuals in a Cost Report

    • Review Questions Section 6-7

  • 9

    Section 08: Deliverables

    • Purpose and Objectives

    • 8.1 What is a Deliverable?

  • 10

    Section 09: Closeout

    • Purpose and Objectives

    • 9.1 Closeout Activities

  • 11

    Terminology

    • Course Definitions

  • 12

    Final Exam Information

    • Course Completion and How to Access the Final Exam

Pricing