|Estimation Essentials (1.5 CEUs)
Build your estimation toolkit with exposure to primary methods for cost estimation. This course shows students how to effectively find and identify elements that will affect costs in an organization. Students will learn how to forecast expenses and estimate costs for budgets, projects, or product development. Topics also include best practices for estimating schedules and forecasting inflation, demand and pricing. In addition, students will learn how to identify and minimize risk associated with costs. Tools will be utilized to demonstrate how to perform multiple scenarios in order to develop more accurate estimates. Several estimation methods will be introduced. Recommended prerequisites: Ability to do basic research, laptop with current version of Excel, Excel Level 1 class and/or intermediate skills in MS Excel or other spreadsheet software. Recommended textbook: Predictive Analytics: Microsoft Excel, Conrad Carlberg, 2012, ISBN-10: 0789749416 OR ISBN-13: 978-0789749413.
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