Tuesday 17 July 2012
Forecasting the final Project Cost: it's not simple!
| Hosted by the Australian Cost Engineering Society | |
| Venue | John Connell Auditorium, Engineers Australia, Ground Floor, 21 Bedford Street, North Melbourne, |
| Date | Tuesday 17th July, 6:00pm for 6:30pm start - 8:00pm |
| Members Cost | FREE |
| Non Members Cost | $10 (early bird) |
| Event Contact | Emily James |
| Contact Phone | 03 9321 1715 |
| Contact Email | ejames@engineersaustralia.org.au |
| Downloads | forecasting_project_cost_-_july_17.pdf(259KB) |
What is the right way to forecast a project?
This presentation will include:
- Different ways of forecasting project cost performance
- Where are we with our budget now? (spent cost + cost to go)
- What will the finished project cost? (committed cost + forecast to complete)
(Forecasting includes assessing risk, allowances & contingency for each type of cost).
These and other techniques of reporting current commitments and expected cost at project completion will be discussed.
- How to be proactive in keeping abreast of costs
- What do these indicate in terms of progress?
- How do we get a forecast of the final cost of the project?
- What do we report to avoid ‘surprises’?
Light refreshments will be provided from 5:30pm - 6:00pm.
About the Presenter
Nolan Bear is a construction engineer with over 30 years experience in project control and commercial management services on energy and resources construction projects in Papua New Guinea, Australia and New Zealand.
CPD Hours
Attendance at this seminar is worth up to 2 CPD hours.
