0804ALCM

Module
08 Managing Cost Estimating & Budgeting
Sub-Module
M08-4 Creating The Owners Cost Estimate (Top Down)
Level
Master Level (Senior / Lead Controls Practitioner)
Discipline
Cost Management
  • Is able to evaluate the various Standardized WBS Coding structures, sources of cost estimating data and any limitations or constraints, with the objective to create, change, modify or otherwise improve the process to select the appropriate codes to be "fit for purpose"
  • Is able to evaluate the various costs estimating software tools/techniques, with the objective to create, change, modify or otherwise improve the choice of software to increase the accuracy, reliability and precision of the cost estimates
  • Is able to evaluate the estimating parameters, and based on the sco

0803ALCM

Module
08 Managing Cost Estimating & Budgeting
Sub-Module
M08-3 Define The Estimates Purpose And Scope Of Work (Owner)
Level
Master Level (Senior / Lead Controls Practitioner)
Discipline
Cost Management
  • Is able to evaluate what topics should be covered in a planning/schedule development meeting, who should attend and what the role/responsibilities of each participant should be and to facilitate or lead such a meeting
  • Is able to evaluate the selections, choices or recommendations made by others as to the appropriate level of detail for any given phase in the asset/project life span, with the objective to offer constructive criticism to improve the process
  • Is able to evaluate the choices made by other as being the "best" or "most appropriate" coding structure from amongs

0802ALCM

Module
08 Managing Cost Estimating & Budgeting
Sub-Module
M08-2 Develop Cost Estimating & Budgeting Policies & Procedures Manual
Level
Master Level (Senior / Lead Controls Practitioner)
Discipline
Cost Management
  • Be able to design a model SOP for cost estimating/cost budgeting
  • Given an example of an SOP, be able to critique it and suggest improvements
  • Given a case study or example be able to update the SOP based on "Lessons Learned" from the Double Loop Learning process

0808ALPS

Module
08 Managing Cost Estimating & Budgeting
Sub-Module
M08-8 Validating Horizontal And Vertical Integration
Level
Master Level (Senior / Lead Controls Practitioner)
Discipline
Planning & Scheduling
  • To be able to evaluate how others identify the various types of interfaces that can and do exist between work packages and activities, create or make those logical connections,  to ensure that we have horizontal traceability in terms of cost, the objective being to offer constructive criticism to improve the process
  • Can evaluate how others identify and apply the various tools/techniques that we can use between work packages and activities to ensure that we have vertical traceability and that our schedules can "roll up" or "roll down" without losing activities or work packa

0810ALPS

Module
08 Managing Cost Estimating & Budgeting
Sub-Module
M08-10 Baselining And Communicating The Cost Estimate/Cost Budget
Level
Master Level (Senior / Lead Controls Practitioner)
Discipline
Planning & Scheduling
  • Be able to evaluate how others apply the various communication media, knowing which media should be used to effectively communicate the cost estimate or the performance measurement baseline including updates to the relevant stakeholders in a timely manner enabling them to make the appropriate decisions, the objective being to offer constructive criticism to improve the process
  • Be able to evaluate how others analyse the cost estimate or the performance measurement baseline including updates data the write a narrative report appropriate for each category of stakeholder, the objec

0809ALPS

Module
08 Managing Cost Estimating & Budgeting
Sub-Module
M08-9 Conducting A Cost Risk Analysis
Level
Master Level (Senior / Lead Controls Practitioner)
Discipline
Planning & Scheduling
  • Is able to evaluate how others identify and quantify risk impacts, prioritize those risks then demonstrate and explain how risks can be mitigated or otherwise be incorporated into the CPM schedule, facilitating decisions from the relevant stakeholders, the objective being to offer constructive criticism to improve the process
  • Be able to evaluate how others analyse the risks and uncertainty, then calculate the appropriate contingencies for presentation to and decisions by the relevant stakeholders, the objective being to offer constructive criticism to improve the process

0807ALPS

Module
08 Managing Cost Estimating & Budgeting
Sub-Module
M08-7 Validate The Time & Cost Trade-Offs
Level
Master Level (Senior / Lead Controls Practitioner)
Discipline
Planning & Scheduling
  • To be able to evaluate the assumptions and conduct sensitivity analysis done by others, and using that information,  be able to create, modify or update the activity based costing process, tools, techniques or methodology to satisfy the needs, wants and expectations of the key stakeholders
  • Be able to evaluate how others set up and run a Monte Carlo simulations, be able to read and understand the outputs from a Monte Carlo simulation and based on those results make the appropriate recommendations to the relevant decision makers, the objective being to offer constructive cri

0806ALPS

Module
08 Managing Cost Estimating & Budgeting
Sub-Module
M08-6 Developing The Contractors Cost Estimate (Bottom Up)
Level
Master Level (Senior / Lead Controls Practitioner)
Discipline
Planning & Scheduling
  • Is able to evaluate the Bills of Quantities or Bills of Materials, including those coming from BIM, and using that information,  be able to create, modify or adapt the quantity take off process, tools, techniques or methodology to satisfy the needs, wants and expectations of the relevant stakeholders
  • Is able to evaluate the estimating parameters, and based on the scope definition, the acceptable ranges of accuracy and which estimating tools/techniques are appropriate for this class of estimate, then create, modify, or adapt them to create a cost estimate/budget which meets

0805ALPS

Module
08 Managing Cost Estimating & Budgeting
Sub-Module
M08-5 Define The Estimates Purpose And Interpret The Scope Of Work (Contractor)
Level
Master Level (Senior / Lead Controls Practitioner)
Discipline
Planning & Scheduling
  • Is able to evaluate the results from planning/schedule development meetings facilitated or led by others and to then create, modify, or adapt these processes to improve the effectiveness of planning/scheduling meetings
  • Is able to evaluate the results of value analysis/value engineering tools, techniques or methodologies done by others and be able to create, modify, or adapt the processes to improve on the VE/VA process, tools, techniques or methodology
  • Is able to evaluate what the appropriate level of detail should be for any class of estimate, what constraints or assum

0804ALPS

Module
08 Managing Cost Estimating & Budgeting
Sub-Module
M08-4 Creating The Owners Cost Estimate (Top Down)
Level
Master Level (Senior / Lead Controls Practitioner)
Discipline
Planning & Scheduling
  • Is able to evaluate the various Standardized WBS Coding structures, sources of cost estimating data and any limitations or constraints, with the objective to create, change, modify or otherwise improve the process to select the appropriate codes to be "fit for purpose"
  • Is able to evaluate the various cost estimating software tools/techniques, with the objective to create, change, modify or otherwise improve the choice of software to increase the accuracy, reliability and precision of the cost estimates
  • Is able to evaluate the estimating parameters, and based on the scop
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