Course Description

Introduction to Cost | 3308

$450

This Introduction to Cost training course is designed for individuals that do not have any Cost Management experience. This course will give you a basic understanding of the fundamentals of Cost Management using material that is easily relatable without having industry experience. It will also introduce the difference between Turnarounds and Capital Projects. This course will be a hybrid of lectures and hands-on activities.

Duration: Self-Paced

Self Paced Online Module

Software required to complete the exercises in this course: Microsoft Excel

Recommended Equipment: Additional Computer Monitor

Please contact us at [email protected] for any questions you may have.
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Course curriculum

    1. Welcome to Introduction to Cost | Download Course Files

    2. Course Introduction

    1. Purpose and Objectives

    2. 1.1 What is Cost Management

    3. 1.2 Processes

    4. 1.3 Why is it important?

    1. Purpose and Objectives

    2. 2.1 What is a Cost Breakdown Structure?

    3. Section 1 & 2 Review Questions

    1. Purpose and Objectives

    2. 3.1 Estimate vs Budget

    3. 3.2 Estimate Development

    4. 3.3 Class Exercise: Building Doghouse Estimate

    5. 3.4 Budget Development

    6. 3.5 Class Exercise: Building Doghouse Budget

    7. Section 3 Review Questions

    1. Purpose and Objectives

    2. 4.1 What is a Cost Report

    3. 4.2 Critical data included in Cost Report

    4. 4.3 Class Exercise: Building & Populating the Cost Report

    1. Purpose and Objectives

    2. 5.1 Cost Control Steps Overview

    3. 5.2 Cost Tracking Sheet

    4. 5.3 Class Exercise: Updating the Cost Report with Actuals

    5. Section 4 & 5 Review Questions

About this course

  • $450.00
  • 34 lessons
  • 0 hours of video content

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