LIMITED TIME OFFER: Claim a 20% discount on eLearning courses with code YEAREND20. Offer is valid until December 31st.
Take advantage of a four-day immersion in Project Evaluation and other cost estimation and financial analysis skills.
This AIChE course is a combination of Conceptual Development & Capital Cost Estimating (CH139) and Project Evaluation: Operating Cost Estimating and Financial Analysis (CH140).
This course will be taught by one of the instructors listed below.
Here’s a preview of what you’ll learn:
Conceptual Development and Capital Cost Estimating (CH139):
- How to effectively conceptualize projects
- How to perform cost estimating based on project type, size and location
- Applying cost-estimating techniques
- Dealing with uncertainties and risks inherent in cost estimating
- Understanding the capital cost estimating process
Project Evaluation: Operating Cost Estimating and Financial Analysis (CH140):
- Gain a value-oriented perspective of potential projects
- Learn how to accurately estimate operating expenses
- ROI: How to calculate it
- Key cash flow analysis terms you need to understand – including:
- Discounted cash flow (DCF)
- Net present value (NPV)
- Internal rate of return (IRR)
Who Should Attend:
Technical managers, R&D personnel, managers, project engineers and project managers involved in projects in the process industries – including:
- Chemical
- Pharmaceutical
- Biological
- Petrochemical
- Materials
- Petroleum
- Gas
An updated outline for the virtual class coming soon..
Day One (CH139)
Part I: Cost Estimation Basics
- Estimating Terminology & Concepts
- Types of Project Estimates
Part II: Conceptual Development
- Scope Development
- Project Development
Part III: Conceptual Estimating
- Equipment Costs
- Installation Factors
- Factored Estimates
- Cost Escalation
- Scaling Methods
- Contingency Applications
Day Two (CH139)
Part IV: Detailed Cost Estimating
- Project Management Costs
- Project Related Costs
- The Detailed Estimating Process
- Methodology of Detailed Estimating
- Mechanical Estimating Methods
Part V: Summary
Day Three (CH140)
- Financial Terminology
- Working Capital
- Allocation of Shared Fixed Capital
- Costing of Raw Materials
- Energy Costs
- Labor and Support Services
- Plant Overhead, Allocation of Corporate and Other Shared Expenses
- Estimating Revenue, Market Potential and Penetration
Day Four (CH140)
- Value-in-Use
- Required Selling Price
- Measuring Profitability
- Return on Investment Techniques
- Cash Flow Analysis Techniques
- Decision Making
- Sensitivity Analysis
- Risk Analysis
- Investment Equivalents
A calculator is required for this course.
Find answers to questions about registration and refunds, tuition and fees, travel and lodging (for location-based courses), how eLearning courses work, how credits work, and more.
Explore More Areas of Advancement
AIChE Practice+ provides learners with opportunities to work on real-world challenges through industry internships and competitions.
With AIChE Career Discovery®, we'll help you to identify aptitudes and skills you’ll need in order to achieve your full potential at various career stages.
AIChE Credential validates your proficiency with potential employers in areas such as process intensification, safety, sustainability and others.