Main topics of study:

Defining the Project:

• Receipt of Customer Enquiries
• Screening Enquiries
• Defining Projects
• Defining a Project for Financial Appraisal
• The Customer’s Project Specification
• Project Scope
• Using Checklists
• Project & Design Specifications
• Product Development Projects
• Developing the Project Specification

Cost Estimates – Definitions & Principles:

• Estimating Accuracy
• Classification of Estimates
• Prices & Profits
• Version Control
• Work Breakdown
• Cost Coding systems
• Benefits of a Coding System
• Choosing a Coding System
• Customer Requirements & Coding

Cost Estimates-Estimating in Practice:

• Compiling the Task List
• Level of Detail
• Estimating Formats
• Estimating Manufacturing Costs
• Estimating Labour Time
• Personal Estimating Characteristics
• Material & Equipment Costs
• Below the Line Costs
• Reviewing Cost Estimates

Commercial Management:

• Financial Project Appraisal
• Project Funding
• Contracts
• Contract Payment Structures
• Insurance

Reading List

Main Text:
Project Management – Dennis Lock (Gower)