Advanced Cost Engineering, Budgeting, and Value Assurance

CODE: NPM14

DURATION: 3 Days | 5 Days | 10 Days

CERTIFICATIONS: CPD

  • Modern facilities
  • Course materials and certificate
  • Accredited international trainers

3 Days

₦600,000

5 Days

₦900,000

10 Days

₦1,800,000

Course Overview

This course is developed for participants to gain extensive knowledge and learn practical tools to manage project costs efficiently across the full life cycle, from concept development to execution and closeout. It explores advanced methodologies for cost estimation, budgeting, forecasting, value engineering and assurance processes that ensure projects meet performance, quality and financial objectives. Through case studies and scenario base exercises, participants gain the expertise to apply cost control strategies, optimize resource allocation and enhance decision making for capital intensive projects in complex operating environments.

Course Delivery

This course is available in the following formats:

Virtual

Classroom

Request this course in a different delivery format.

Course Outcomes

Delegates will gain the knowledge and skills to:

Develop comprehensive cost estimates and robust project budgets.

Implement advanced cost control and forecasting techniques.

Apply value engineering principles to optimize project outcomes.

Utilize digital tools for financial tracking and analysis.

Integrate risk management into project financial planning.

Establish key performance indicators for value assurance.

Key Course Highlights

At the end of this course, you’ll understand:

  • How to develop accurate and reliable cost estimates for engineering and construction projects.
  • Strategies for effective cost control systems and procedures to monitor project budgets.
  • Techniques for risk identification, assessment, and mitigation in project costing.
  • Application of cost benchmarking practices to enhance project performance.
  • Methods for preparing comprehensive cost reports and analyzing variances.
  • Best practices to optimize project costs while maximizing value and profitability.
Who Should Attend

This course is tailored for cost engineers, project managers, planners, estimators, finance professionals and decision makers involved in project development, cost control and value management. It is particularly beneficial for professionals working in engineering, construction, energy, oil and gas and infrastructure sectors seeking to strengthen their financial and technical competencies in cost assurance and value optimization.

Upcoming Course Dates

Delivery Format: Classroom & Virtual

Date: 06/04/2026

Location: Lagos

Delivery Format: Classroom & Virtual

Date: 07/09/2026

Location: Port-Harcourt

Delivery Format: Classroom & Virtual

Date: 05/10/2026

Location: Lagos

Advanced Cost Engineering, Budgeting, and Value Assurance

✓ Modern facilities

✓ Course materials and certificate

✓ Accredited international trainers

✓ Training materials and workbook

✓ Access to online resources

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