The decision to proceed with a project is often based almost exclusively on early conceptual cost estimates, and these estimates provide the basis for the cash flow projections and forecasts used during the project feasibility study. Unreliable cost estimates can result in significant cost overruns later in the project life when it is too late to contain them.
Accurate cost estimation and project scheduling of a project results in significant savings, and is one of the critical management skills. In the initial stages and final stages of a project, it is necessary for proper estimation as with early conceptual estimates determines whether a project will be accepted/rejected.
Skills of Project Planning/Scheduling and Cost Estimation Planning course will provide the skills for proper project scheduling and the skills required for cost estimation and planning.
