0806PLPS

Module
08 Managing Cost Estimating & Budgeting
Sub-Module
M08-6 Developing The Contractors Cost Estimate (Bottom Up)
Level
Professional (Practitioner / Project Manager)
Discipline
Planning & Scheduling
  • Is able to define and explain what are Bills of Quantities or Bills of Materials are, where they come from (Including BIM) and what the limitations, constraints and assumptions are associated with using them
  • Is able to recall and explain what purpose a Level 5 estimate is appropriate for, what is the scope definition, what are the acceptable ranges of accuracy and which estimating tools/techniques are appropriate for this class of estimate
  • Be able to define and explain what Activity Based Costing is, what components go into activity based costing when is it appropriate

0805PLPC

Module
08 Managing Cost Estimating & Budgeting
Sub-Module
M08-5 Define The Estimates Purpose And Interpret The Scope Of Work (Contractor)
Level
Professional (Practitioner / Project Manager)
Discipline
Project Controls
  • Is able to identify what topics should be covered in a cost estimate development meeting, who should attend and what the role/responsibilities of each participant should be
  • Is able to define and explain what value analysis/value engineering is, when it is most appropriate to use and why this process is important to cost estimators/cost budgeters
  • Is able to define and explain what the appropriate level of detail should be for any class of estimate, what constraints or assumptions are likely to impact or influence the costs or budget
  • Is able to identify the v

0805PLFA

Module
08 Managing Cost Estimating & Budgeting
Sub-Module
M08-5 Define The Estimates Purpose And Interpret The Scope Of Work (Contractor)
Level
Professional (Practitioner / Project Manager)
Discipline
Forensic Analysis
  • Is able to identify what topics should be covered in a cost estimate development meeting, who should attend and what the role/responsibilities of each participant should be
  • Is able to define and explain what value analysis/value engineering is, when it is most appropriate to use and why this process is important to cost estimators/cost budgeters
  • Is able to define and explain what the appropriate level of detail should be for any class of estimate, what constraints or assumptions are likely to impact or influence the costs or budget
  • Is able to identify the v

0805PLCM

Module
08 Managing Cost Estimating & Budgeting
Sub-Module
M08-5 Define The Estimates Purpose And Interpret The Scope Of Work (Contractor)
Level
Professional (Practitioner / Project Manager)
Discipline
Cost Management
  • Is able to identify what topics should be covered in a cost estimate  development meeting, who should attend and what the role/responsibilities of each participant should be
  • Is able to define and explain what value analysis/value engineering is, when it is most appropriate to use and why this process is important to cost estimators/cost budgeters
  • Is able to define and explain what the appropriate level of detail should be for any class of estimate, what constraints or assumptions are likely to impact or influence the costs or budget
  • Is able to identify

0805PLPS

Module
08 Managing Cost Estimating & Budgeting
Sub-Module
M08-5 Define The Estimates Purpose And Interpret The Scope Of Work (Contractor)
Level
Professional (Practitioner / Project Manager)
Discipline
Planning & Scheduling
  • Is able to identify what topics should be covered in a cost estimate development meeting, who should attend and what the role/responsibilities of each participant should be
  • Is able to define and explain what value analysis/value engineering is, when it is most appropriate to use and why this process is important to cost estimators/cost budgeters
  • Is able to define and explain what the appropriate level of detail should be for any class of estimate, what constraints or assumptions are likely to impact or influence the costs or budget
  • Is able to identify the variou

0804PLPC

Module
08 Managing Cost Estimating & Budgeting
Sub-Module
M08-4 Creating The Owners Cost Estimate (Top Down)
Level
Professional (Practitioner / Project Manager)
Discipline
Project Controls
  • Is able to define and explain the various Standardized WBS Coding structures, sources of cost estimating data and any limitations or constraints when using these coding structures or the associated data
  • Is able to recall and explain what purpose a Level 1, 2, 3 or 4 estimate is appropriate for, what is the scope definition, what are the acceptable ranges of accuracy and which estimating tools/techniques are appropriate for this class of estimate
  • Is able to define and explain the various cost estimating tools/techniques, when they are appropriate to use, what are their l

0804PLFA

Module
08 Managing Cost Estimating & Budgeting
Sub-Module
M08-4 Creating The Owners Cost Estimate (Top Down)
Level
Professional (Practitioner / Project Manager)
Discipline
Forensic Analysis
  • Is able to define and explain the various Standardized WBS Coding structures, sources of cost estimating data and any limitations or constraints when using these coding structures or the associated data
  • Is able to recall and explain what purpose a Level 1, 2, 3 or 4 estimate is appropriate for, what is the scope definition, what are the acceptable ranges of accuracy and which estimating tools/techniques are appropriate for this class of estimate
  • Is able to define and explain the various cost estimating tools/techniques, when they are appropriate to use, what are their l

0804PLCM

Module
08 Managing Cost Estimating & Budgeting
Sub-Module
M08-4 Creating The Owners Cost Estimate (Top Down)
Level
Professional (Practitioner / Project Manager)
Discipline
Cost Management
  • Is able to define and explain the various Standardized WBS Coding structures, sources of cost estimating data and any limitations or constraints when using these coding structures or the associated data
  • Is able to recall and explain what purpose a Level 1, 2, 3 or 4 estimate is appropriate for, what is the scope definition, what are the acceptable ranges of accuracy and which estimating tools/techniques are appropriate for this class of estimate
  • Is able to define and explain the various cost estimating tools/techniques, when they are appropriate to use, what are their l

0804PLPS

Module
08 Managing Cost Estimating & Budgeting
Sub-Module
M08-4 Creating The Owners Cost Estimate (Top Down)
Level
Professional (Practitioner / Project Manager)
Discipline
Planning & Scheduling
  • Is able to define and explain the various Standardized WBS Coding structures, sources of cost estimating data and any limitations or constraints when using these coding structures or the associated data
  • Is able to recall and explain what purpose a Level 1,2, 3 or 4 estimate is appropriate for, what is the scope definition, what are the acceptable ranges of accuracy and which estimating tools/techniques are appropriate for this class of estimate
  • Is able to define and explain the various cost estimating tools/techniques, when they are appropriate to use, what are their li

0803PLPC

Module
08 Managing Cost Estimating & Budgeting
Sub-Module
M08-3 Define The Estimates Purpose And Scope Of Work (Owner)
Level
Professional (Practitioner / Project Manager)
Discipline
Project Controls
  • Is able to identify what topics should be covered in a cost estimate development meeting, who should attend and what the role/responsibilities of each participant should be
  • Is able to recognize the appropriate level of detail for any given phase in the asset/project life span, along with the constraints and assumptions appropriate for that phase
  • Is able to identify the various Standardized WBS structures, when and where they can or should be used and what a control account is, what it consists of and who is responsible for it
  • Is able to recall and explain w
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