Cost Estimation Basics
Published 6/2025
Duration: 51m | .MP4 1280x720 30 fps(r) | AAC, 44100 Hz, 2ch | 762 MB
Genre: eLearning | Language: English
Published 6/2025
Duration: 51m | .MP4 1280x720 30 fps(r) | AAC, 44100 Hz, 2ch | 762 MB
Genre: eLearning | Language: English
A Beginner’s Guide to Cost Estimation
What you'll learn
- Understand the Fundamental Concepts of Cost Estimation
- Identify and Differentiate Types of Cost Estimates
- Apply Common Cost Estimation Techniques
- Analyze and Evaluate Cost Estimates for Accuracy and Risk
Requirements
- Basic math skills – You should know how to add, subtract, multiply, divide, and use percentages.
- Interest in projects or budgeting – A basic understanding of how projects work is helpful but not required.
- Computer or smartphone with internet – Needed to access course materials and do assignments.
- Willingness to learn – Be ready to practice and apply what you learn through examples and activities.
Description
Cost estimation is a critical skill for anyone involved in project planning, budgeting, or financial decision-making. This course,"Cost Estimation Basics,"is designed to provide you with a solid foundation in estimating costs for projects of all types and sizes. Whether you're a student, new professional, or someone seeking to improve your budgeting skills, this course offers practical insights that are easy to understand and apply.
You’ll learn the fundamental principles of cost estimation, including different types of estimates (preliminary, detailed, and definitive), key estimation techniques, cost components, and how to account for uncertainty and risk. Real-world examples, step-by-step guidance, and simple exercises will help you grasp how to develop accurate and realistic cost estimates.
By the end of this course, you’ll be able to:
Understand the purpose and importance of cost estimation
Identify key factors that influence project costs
Apply basic estimating techniques with confidence
Communicate cost estimates clearly to stakeholders
No prior experience is required—just a willingness to learn and a desire to improve your planning and financial skills. Enroll today and take the first step toward more successful, cost-efficient project execution!Course have created by Designersworldcbe Gokul Prasad R S with 10+ Years of Experience in Mechanical Field
Who this course is for:
- Students who are new to cost estimation or project planning.
- Freelancers and small business owners who want to estimate project costs more accurately.
- Entry-level professionals in fields like construction, IT, or engineering.Anyone interested in learning basic budgeting and cost estimation skills.
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