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Description

*Also included free compatible unit estimation tool! I will also teach you how to create this estimation tool so that you will know how everything works. You will also have full control of the code and can tweak the tool as you wish.
Power Engineering Project Estimation Using Compatible Units is a comprehensive video course where you can learn creating cost estimations for construction projects and how utility projects are estimated with compatible units.
I have handcrafted this course to allow students to acquire core fundamental knowledge on project estimations as well as how estimations can be used in creating a Work Breakdown Structure (WBS) and Request for Proposal (RFP).
If you are a project manager, design or cost engineer, you will find this course of great help to get the fundamental knowledge you need to kick start your professional career. If you own or work inside an engineering consulting firm, this course will provide you with the tools to effectively and efficiently produce accurate estimates using compatible units.
This course can benefit anyone not only in the utility industry, but also in the construction industry or any businesses that requires cost estimation in repetitive work. As long as you have interest in a career that manages the cost of projects, this course can help you to get an advantage at looking for work or giving you an edge over your competitors as it gives you core knowledge of cost estimation and compatible unit design that you would not have otherwise obtain unless you have worked in construction projects for years, especially within the utility industry. And knowledge is power.
So let's get started! Let's start your fulfilling journey and mark an important point of your phenomenal career!
What you’ll learn
· Principles and practical knowledge of Construction Cost Estimation
· Cost and Ferc Accounting and how cost estimation fits into the bigger picture
· Compatible Unit Designs and how to do rapid cost estimations using compatible units
· How compatible units can aid in the development of an effective work breakdown structure (WBS) and Request for Proposal (RFP)
· How to develop your own project estimation tool.
Are there any course requirements or prerequisites?
· Motivated to break into a career of cost estimation.
· Basic Math (we will go over some simple estimation example)
· Optional: Basic programming skills if you are interested in building the cost estimation tool from scratch
Who this course is for:
· Working professionals and students who wanted to get into project cost estimation
· People who wanted a stable career with good pay and work-life balance
· People who want to start their own business and wants a systematic and efficient way in producing cost estimation and quotation.
Who this course is for:
You are managing construction projects that have alot of repetitions.
You are working in distribution, substation or generation engineering designs
You are running an engineering consultant firm and needed to create rapid quotations for construction projects
You are a cost engineer, or doing cost reporting for construction projects

What you'll learn

Compatible Units

Construction Estimation

Project Estimation

Power Engineering

Cost Engineering

Requirements

  • You will need a copy of Adobe XD 2019 or above. A free trial can be downloaded from Adobe.
  • No previous design experience is needed.
  • No previous Adobe XD skills are needed.

Course Content

27 sections • 95 lectures
Expand All Sections
1-Introduction
1
1.1-Introduction
2-Construction Estimation
8
2.1-Construction Estimation 101
2.2-Approaches to Cost Estimation
2.3-Elements of Cost Estimate
2.4-Material and Supplies
2.5-Labour
2.6-Equipment/Tools
2.7-Subcontract Work
2.8-Compatible Units and Construction Estimating
3-Cost Accounting
3
3.1-Activity Based Cost Accounting
3.2-FERC Accounting Basics
3.3-Rate Design
4-Compatible Unit Design
4
4.1-Compatible Units 101
4.2-How Compatible Units Are Used Within The Utility Industry
4.3-Designing the Compatible Units
4.4-Create Your Own Compatible Unit Estimation Tool
5-WBS, RFP and Schedule
4
5.1-Work Breakdown Structure
5.2-Request For Proposal (RFP)
5.3-Schedule Development
5.4-Schedule and Uncertainty Analysis
6-Conclusion
1
6.1-Conclusion