Catalogue 2016 - 2017

EMGT 709 Advanced Engineering Cost Estimation


3 cr.


EMGT 609 or equivalent.

Course Description

This course is a study of the mechanics of project cost estimating and project evaluation from a cost benefit perspective. The goal is for the student to develop a robust knowledge of current methods for project cost estimating, equipment costing and replacement analysis, as well as project cost/benefit and effectiveness analysis for private and public sector projects. Breakeven analyses are leverage to aid the buy/rent/lease/outsource decision process. A case study approach is adopted through which the student will develop understanding of drivers for cost overruns of existing infrastructure projects. A risk perspective to cost estimating is integrated.