CGBrochure_L6040_L6039_ConstructionCostControl_BrisPer

Knowledge for the world business leaders
C L A R I D E N February 2016
Brisbane & Perth, Australia
Construction Project Cost Planning
and Control Week
2 Separately Bookable Seminars in 2 Cities
Construction Pre-Project Cost Planning, Estimation & Modeling Masterclass
Session A: 15 - 16 February 2016, Brisbane | Session B: 22 - 23 February 2016, Perth
Construction Project Cost Control, Variance Analysis & Cost Management
Session C: 18 - 19 February 2016, Brisbane | Session D: 25 - 26 February 2016, Perth
This Program Has Been Independently Certified and Accredited by CPD, an Internationally Recognized Certification Board
Andrew Hodgson Pedram Danesh-Mand
Peter Coombs Pedram Danesh-Mand
Associate Director of
Cost Management
Aquenta Consulting Pty Ltd
(part of AMEC Foster Wheeler)
Director of Brisbane Office
Director of Risk Management
Earn
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sfor
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program
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From Initiation to Closeout:
Successful Cost Budgeting and Control

2
Contact Admissions Office at +61 3 9909 7310 | admissions@claridenglobal.com | www.claridenglobal.com
With over 20 years of solid background in Oil & Gas and infrastructure, Andrew’s consultative approach and diligent
technical prowess has seen him as trusted advisor for a wide range of clients within Australia and overseas. With broad
ranging service expertise covering cost management, project controls and planning services, his client portfolio
includes industry majors such as ExxonMobil, Shell, Queensland Alumina, Origin Energy and British Nuclear Group.
Andrew is currently the Director in Aquenta’s Brisbane office. With Aquenta, Andrew has supported ExxonMobil on
its LNG project and was seconded on a mega multibillion dollar LNG project for over half a decade years. He also
plays a critical role in project controls, financial support, budget development, forecasting and trending, reporting to
business liaison within the Project Management Office (PMO).
His first assignment was with ICI Chemicals as a term maintenance Quantity Surveyor, measuring progress claims
whilst completing his part-time BSc Hons Degree. Following this introduction to the petrochemical industry, he
moved on to a Shell Refinery, providing quantity survey, contract, reporting and cost management services across
multiple disciplines including civil, scaffolding, insulation, mechanical, electrical, HV/LV and storage tank contracts.
He then took on a long-term project in decommissioning a nuclear fuel storage facility before returned to Shell to
deliver a major shutdown.
• Trusted advisor to industry majors such as ExxonMobil, Shell, Origin Energy and British Nuclear Group
• Delivered a wide range of projects across Oil & Gas, LNG, Coal and Nuclear, valued at million and
billion dollars
• Member of the Royal Institution of Chartered Surveyors (RICS)
2016 Clariden Construction Project Cost Planning and Control Week
Construction Project Cost Control, Variance Analysis
& Cost Management
Session C: 18 - 19 February 2016, Brisbane Marriott Hotel | Session D: 25 - 26 February 2016 , Hyatt Regency Perth
Andrew Hodgson
Director of Brisbane Office
Aquenta Consulting Pty Ltd (part of AMEC Foster Wheeler)

Pedram is an Innovation Award winner from Australia’s Road and Maritime Services (RMS) authority and Leighton
Contractors for his exceptional knowledge and innovative application of quantitative risk analysis and Primavera
system in analyzing project risks, cost and schedules. As an industry leader in his area, Pedram is regularly invited to
present and facilitate at conferences and technical events as well as training sessions internationally.
Pedram is currently the Director of Risk Management with Aquenta Consulting (part of AMEC Foster Wheeler),
providing clients with integrated project controls and risk solutions. Prior to this, he was Aquenta’s Principal and
National Manager of Planning and Risk as well as the Head of Planning and Risk with UGL Engineering. He was
proudly selected as part of UGL’s “Future Leaders” program and was awarded with the “ULead” badge in 2012.
Till date, Pedram has successfully helped high level government agencies, law ﬁrms and top contractors including
QLD’s Transport Main Road (TMR), NSW’s Transport for NSW (TfNSW), NSW’s Road & Maritime Services (RMS),
UGL, Origin Energy, Corrs Chambers Westgarth lawyers, Maddocks lawyers, Electricity Trust of South Australia
(ETSA), Leighton Holding, John Holland Group and Thiess Contractors on many major projects including:
• $11b Sydney Metro City & Southwest
• $11b West Connex
• $11b APLNG Upstream
• $5b Brisbane Underground & Bus
• $900m INPEX’ Ichthys LNG CCPP Project
• $800m Port Botany
• $500m Ballina Bypass
• $200m North West T-Way
• $100m Solomon Power Station
• RGP5, delay claim
• Gold Coast Rapid Rail, Due Diligence
Pedram has been the NSW President of Risk Engineering Society (RES) since 2013. As part of Engineers Australia
(EA), RES place special focus on risk issues associated with construction, design, safe plant operation and management.
3
• Innovation Award winner in quantitative risk analysis of project costs and schedules, from Australia’s
Road and Maritime Services (RMS) and Leighton Contractors
• Delivered a wide range of projects across Water, Power Generation, Coal, LNG and Oil & Gas, valued
at million and billion dollars
• NSW President of Risk Engineering Society (RES) since 2013
Pedram Danesh-Mand
& Cost Management

4
& Cost Management
Poor cost performance is a severe problem for construction projects worldwide. Based on a KPMG recent
study, 50% of major construction projects worldwide are prone to cost overruns, mainly attributed to
poor project cost control, scope changes and ineffective cost management.
Clariden is pleased to host Construction Project Cost Control, VarianceAnalysis and Cost Management
to provide you with an integrated and strategic cost control, variance analysis and cost management
approach to effectively detect cost deviations and efficiently manage them to keep within your
project budget. Starting with establishing cost baselines, you will learn how to analyze and control
cost performance as well as manage cost contingency from project initiation to close-out to ensure
optimal cash flow. Equipped with proven cost control and management techniques (i.e. Earned-Value
Management (EVM), Control Account Plans (CAPs) Variance Analysis, To-Complete Performance
Index), you will benchmark your current approaches against the best practices. In addition, you will
also discover comprehensive cost reporting and forecasting tools that can ensure cost vigilance and
monitoring throughout your project lifecycle.
At the end of this program, you will bring home with you an exclusive ‘Tool Box’ to help you maintain
the consistency between your budgeted and actual costs, ensuring successful project delivery on budget.
Program
Essence:
Program:
Dates &
Locations:
Construction Project Cost Control,
Variance Analysis and Cost
Management
Session A: 18 - 19 February 2016,
Brisbane Marriott Hotel
Session B: 25 - 26 February 2016,
Hyatt Regency Perth
EXECUTIVE SUMMARY
Early Bird 1 (Register & pay by 21 December 2015):
Early Bird 2 (Register & pay by 18 January 2016):
Regular Tuition Fee:
Group discount of 10% for 2nd participant from the same
organization. For limited time only by 18 January 2016
register 3 participants and the 4th participant will receive a
complimentary seat (One discount scheme applies).
AU$1,995
AU$2,195
AU$2,295
Held in conjunction with Construction Pre-Project Cost Planning, Estimation and Modeling Masterclass,
Clariden cordially invite you and your colleagues to join us in this program that will greatly enhance your cost
accuracy and profitability throughout your project lifecycle.

5
& Cost Management
WHO WILL BENEFIT THE MOST
responsible for:
• Project Management / Project Development / Project Execution
• Project Portfolio Management
• Project Management Office (PMO)
• Project Finance
• Project Cost Estimating / Cost Planning
• Project Cost Control / Cost Engineering
• Project Control
• Quantity Surveying
• Scheduling and Planning
• Integrated Scope Change
• Project Audit
• Risk Management
• Civil Engineering / Structural Engineering
• Supply Chain / Purchasing / Procurement
This course is relevant to all construction projects including civil infrastructure, building, earthwork, oil & gas
plant, port, marine structure and so on.
PROGRAM INTRODUCTION
“Runaway budget costs are behind one-quarter of project failures for projects with budgets greater than US$350,000.”
Controlling and managing the costs throughout the project lifecycle has always been a constant challenge for all
project managers and leaders as slight changes in project scope and schedule can potential lead to inordinate cost
increase and influence the profits and losses of one’s organization. An integrated and strategic approach in project
cost control, variance analysis and cost management is therefore indispensable to effectively detect any cost deviations
and efficiently manage them to keep within budget.
Aligned with the Project Management Institute (PMI®) Guide to the Project Management Body of Knowledge
(PMBOK® Guide) and industry standards, this program will provide you with an integrated and strategic cost
control, variance analysis and cost management approach to effectively track cost deviations and efficiently manage
them within your project budget. Starting with establishing cost baselines, you will learn how to analyze and
control cost performance as well as manage cost contingency from project initiation to close-out to ensure optimal
cash flow. Equipped with proven cost control and management techniques (i.e. Earned-Value Management (EVM),
Control Account Plans (CAPs) Variance Analysis, To-Complete Performance Index), you will benchmark your
current approaches against the best practices. In addition, you will also discover comprehensive cost reporting and
forecasting tools that can ensure cost vigilance and monitoring throughout your project lifecycle.
Beyond that, this practical executive program will also introduce a systematic approach to assess and manage the
uncertainties (inherent risks) and risk events (contingent risks) during project execution phase. Approximately
50% of class time will be devoted to casework and experiential learning, drawing experience from both course
leaders’ diverse backgrounds in project management and quantity surveying.
At the end of this program, you will bring home with you an exclusive ‘Tool Box’ to help you maintain the consistency
between your budgeted and actual costs, ensuring successful project delivery on budget.

DAY ONE (Faculty Director: Andrew Hodgson)
Overview of Construction Project Cost Control & Variance Analysis
• Project cost control and variance analysis in construction - objectives
• Standards, guides and cost control best practices
• Roles and responsibilities - who is doing what, how and when?
• Critical success factors in cost control and change control
Cost Control as Part of Integrated Project Control during Execution Phase
• Basic to advanced cost control principles throughout project lifecycle
• Key focus areas during integrated project cost control
• Which one is better - over-budget or under-budget?
Practical Exercises, Video Presentations and Case Studies
Cost Performance Measurement throughout Project Lifecycle
• Project cost accounting - expenditure profile
• Progress and cost performance measurement
• Change control and variance analysis - how actual data should be captured, assessed and managed to have an
effective and efficient change control system
• Establish the project performance measurement baseline
Case Studies
Earned Value Performance Measurement, Reporting and Change Control
• Earned Value performance reviews and change requests
• Integrated Change Control System
• Cost forecasting and trending based on past performance
o Determining Factors
o Cost Results Methodology
o Estimate At Completion (EAC)
o Control Account Plans (CAPs) Variance Analysis
• Data integrity and systems - how different systems within project controls should be integrated to
create one source of truth
• Reporting and communication plan - effective, efficient, comprehensive and transparent
Case Studies 6
PROGRAM AGENDA
This course has been independently certified as conforming to accepted CPD guidelines. On average, this
executive program contributes 16 hours towards your CPD.
Delegates must register at the start and close of each workshop to be awarded a certificate of completion.
CPD CERTIFICATION DETAILS
& Cost Management
• Establish a project cost performance baseline for effective cost control
• Justify cost commitments with associated project work scope
• Enable timely and appropriate corrective actions by spotting early warning signs on cost variances using Earned
Value Management (EVM)
• Deal agilely with changes in your project lifecycle to ensure that costs are expended in accordance with the project plan
• Control and manage cost from initiation to close-out phase
• Implement cost contingency plans and maintain risk management controls in anticipation of unforeseen risky events
• Improve and maintain cost performance and maximize your project’s bottom-line
LEARNING OBJECTIVES

DAY TWO (Faculty Director: Pedram Danesh-Mand)
Variance Analysis & Contingency Management
• Cost contingency requirements during execution phase
• Best practices - cost control and risk management
• Challenges in cost control and management
• Critical success factors in cost risk analysis and how to deliver projects successfully with optimum contingency
Cost Risk Modeling Process during Project Execution Phase
• Components of a Cost Risk Model - how to develop a cost risk model for contingency review and management
(release, reuse and re-allocation) during execution
o Cost control input
o Risk register
• Approaches in developing cost risk models for successful project delivery
• Which one is better - more contingency or less contingency?
• How to make the most optimum contingency to assess contingency for the desired confidence level?
Cost Contingency & Cash Flow Management
• Contingency management plan implementation during executive phase - deterministic and probabilistic methods
• Monte Carlo Simulation in cost estimating
• Accuracy and confidence levels of different schedule and cost contingency amounts
• Managing expectations - how to assess and communicate contingency for effective and efficient contingency
• Measure and manage available contingency against the required contingency for the desired confidence level
during execution phase
• Implementing rules for contingency release, re-use, re-allocate
• If a risk has been retired and allocated contingency has not been used, how the contingency should be treated?
Project Cost Status Updates & Close-Out
• Conduct financial completion
• Delivering successful projects
• Action plan
7
& Cost Management
Exclusive Takeaway ‘Tool Box’
• Work breakdown structures
• Baselining processes
• Progress weightings
• Forecasting and trending of time and cost
• Data elements interpretation
• Practical group exercise - show how the tools work together and how data links through all of the tools to
provide consistency between budgeted and actual costs

8
With over 25 years of experience in the construction industry, Peter’s professional career has taken him acrossAustralia,
Asia, UK and the Middle East, supporting private companies, governmental agencies, law ﬁrms and top contractors
including Las Vegas Sands Corporation, Sundance Resources, Rio Tinto, Landcorp, Stocklands, WA Government of
Western Australia, Majid Al Futtaim Group, Agung Podomoro Group, Sampoerna Group, Lendlease and Leighton
Holdings on many major projects including:
• $5b Simandou process plants, West Africa
• $5b Mbalam Iron Ore Mining project, West Africa
• $4b Marina Bay Sands, Singapore
• $ multiple billion across the Coati Strip, Macau
• $1b Grand Indonesia Mixed use development, Indonesia
• $1b Albany Outer ring road, Western Australia
• $1b Bunbury Outer ring road, Western Australia
• $900m Sydney Light Rail, New South Wales
• $200m Banjup Quarry Redevelopment, Western Australia
• $200m Perth Airport Terminal 1 Expansion, Western Australia
Peter has been a Non-Executive Board Member of the Oceania Royal Institution of Chartered Surveyors (RICS)
Built Environment Board since 2013. He is also an assessor for the RICS for Quantity Surveying Competencies and
has been involved with several Global working groups to promote and raise standards for RICS members.
Peter is currently the Associate Director of Cost Management with Aquenta Consulting (part of AMEC Foster
Wheeler), providing clients with cost management, cost estimation, value engineering, integrated project controls and
risk solutions. Prior to that, he was an Associate Partner at EC Harris, delivering services on major projects in MENA
and Asia and served as the Country Manager in Indonesia.
Construction Pre-Project Cost Planning, Estimation
& Modeling Masterclass
Session A: 15 - 16 February 2016, Brisbane Marriott Hotel | Session B: 22 - 23 February 2016 , Hyatt Regency Perth
Peter Coombs
Associate Director of Cost Management
Assessor for the Royal Institution of Chartered Surveyors (RICS) for Quantity Surveying Competencies
• Non-Executive Board Member of the Oceania RICS Built Environment Board since 2013
• Delivered a wide range of projects across property infrastructure and mining projects, valued at million
and billion dollars

Pedram is an Innovation Award winner from Australia’s Road and Maritime Services (RMS) authority and Leighton
Contractors for his exceptional knowledge and innovative application of quantitative risk analysis and Primavera
system in analyzing project risks, cost and schedules. As an industry leader in his area, Pedram is regularly invited to
present and facilitate at conferences and technical events as well as training sessions internationally.
Pedram is currently the Director of Risk Management with Aquenta Consulting (part of AMEC Foster Wheeler),
providing clients with integrated project controls and risk solutions. Prior to this, he was Aquenta’s Principal and
National Manager of Planning and Risk as well as the Head of Planning and Risk with UGL Engineering. He was
proudly selected as part of UGL’s “Future Leaders” program and was awarded with the “ULead” badge in 2012.
Till date, Pedram has successfully helped high level government agencies, law ﬁrms and top contractors including
QLD’s Transport Main Road (TMR), NSW’s Transport for NSW (TfNSW), NSW’s Road & Maritime Services (RMS),
UGL, Origin Energy, Corrs Chambers Westgarth lawyers, Maddocks lawyers, Electricity Trust of South Australia
(ETSA), Leighton Holding, John Holland Group and Thiess Contractors on many major projects including:
• $11b Sydney Metro City & Southwest
• $11b West Connex
• $11b APLNG Upstream
• $5b Brisbane Underground & Bus
• $900m INPEX’ Ichthys LNG CCPP Project
• $800m Port Botany
• $500m Ballina Bypass
• $200m North West T-Way
• $100m Solomon Power Station
• RGP5, delay claim
• Gold Coast Rapid Rail, Due Diligence
Pedram has been the NSW President of Risk Engineering Society (RES) since 2013. As part of Engineers Australia
(EA), RES place special focus on risk issues associated with construction, design, safe plant operation and management.
9
• Innovation Award winner in quantitative risk analysis of project costs and schedules, from Australia’s
Road and Maritime Services (RMS) and Leighton Contractors
• Delivered a wide range of projects across Water, Power Generation, Coal, LNG and Oil & Gas, valued
at million and billion dollars
• NSW President of Risk Engineering Society (RES) since 2013
Pedram Danesh-Mand

50% of construction projects are prone to cost overrun, based on a recent study done by KPMG. This
can lead to conflict and litigation, or in the extreme, projects abandonment. The ability to incorporate
rigorous cost planning and estimation within project accounts for up to 75% of projects delivered
successfully and on budget, representing its pivotal role in determining successful project outcomes.
Clariden is pleased to host Construction Pre-Project Cost Planning, Estimation and Modeling
Masterclass to help you improve your overall cost planning, estimation and modeling and ensure
that your projects are delivered on budget with minimal cost overruns. Aligned with industry best
practices and PMI PMBOK® Guide, this practical two-day program will cover the important elements
of project cost planning, estimation and modeling during the pre-project phase to allow you to forecast
accurately the anticipated project lifecycle costs, budget estimates and payback period. You will have
the opportunity to examine your own projects by applying proven cost planning, estimation and
modeling techniques (i.e. parametric, analogous, three-point, and “cost model” estimating) and be
introduced to more advanced estimating models like the 5D Building Information Modeling (5D
BIM) that will transform your cost planning, estimation and modeling processes. In anticipation of
uncertainties and risk events, you will also learn how to analyze cost risks to ensure optimal cost
contingency reserve and sufficient cash flow projections.
At the end of this program, you will walk away with a comprehensive action plan that will help you
to benchmark your current approaches against best practices and create robust project cost plans,
estimates and models that will drive the overall project delivery objectives.
Program
Essence:
10
Program:
Dates &
Locations:
Construction Pre-Project Cost
Planning, Estimation and Modeling
Masterclass
Session A: 15 - 16 February 2016,
Session B: 22 - 23 February 2016,
Hyatt Regency Perth
EXECUTIVE SUMMARY
Early Bird 1 (Register & pay by 21 December 2015):
Early Bird 2 (Register & pay by 18 January 2016):
Regular Tuition Fee:
Group discount of 10% for 2nd participant from the same
organization. For limited time only by 18 January 2016
register 3 participants and the 4th participant will receive a
complimentary seat (One discount scheme applies).
AU$1,995
AU$2,195
AU$2,295
Held in conjunction with Construction Project Cost Control, Variance Analysis and Cost Management,
Clariden cordially invite you and your colleagues to join us in this program that will greatly enhance your
cost accuracy and profitability throughout your project lifecycle.

WHO WILL BENEFIT THE MOST
MDs, VPs, Directors, GMs, CFOs, COOs, Heads, Senior Managers, Managers, Consultants, Controllers and Engineers
responsible for:
• Project Management / Project Development / Project Execution
• Project Portfolio Management
• Project Management Office (PMO)
• Project Finance
• Project Cost Estimating / Cost Planning
• Project Cost Control / Cost Engineering
• Project Control
• Quantity Surveying
• Scheduling and Planning
• Integrated Scope Change
• Project Audit
• Risk Management
• Civil Engineering / Structural Engineering
• Supply Chain / Purchasing / Procurement
This course is relevant to all construction projects including civil infrastructure, building, earthwork, oil & gas
plant, port, marine structure and so on.
11
PROGRAM INTRODUCTION
The decision to proceed with a construction project is often based almost exclusively on early conceptual cost plan,
estimates and models as they provide the basis for the cash flow projections and budget forecasts used during the
project feasibility study. Unreliable cost estimates can result in significant cost overruns later in the project life
when it is too late to contain them. As potential projects are considered, management not only requires costs estimate
and models of high accuracy, they also seek opportunities to reduce life-cycle costs, improve budget accuracy and
optimize whole-life project value.
Aligned with the Project Management Institute (PMI®) Guide to the Project Management Body of Knowledge
(PMBOK® Guide) and industry standards, this two-day executive program will teach on the essentials of
construction project cost planning, estimation and modeling during the pre-project phase to allow you to forecast
accurately the anticipated project lifecycle costs, budget estimates and payback period in order to justify capital
investment decisions on projects that bring the most value to your organization. You will have the opportunity to
examine your own projects as well as other real-world case studies by applying proven cost planning, estimation
and modeling tools and techniques (i.e. parametric, analogous, three-point, and wide-band Delphi estimating). You
will also be introduced to more advanced estimating models like the Building Information Modeling (BIM) that will
transform your cost planning, estimation and modeling processes.
Beyond that, this practical executive program will also cover a systematic approach to identify and quantify the
uncertainties (inherent risks) and risk events (contingent risks), enabling a reasonable and optimum contingency
to be assessed before the project execution. Approximately 50% of class time will be devoted to casework and
experiential learning, drawing experience from both course leaders’ diverse backgrounds in project management
and quantity surveying.
The practical exercises, video presentations and case studies to be expected include:
• $11b tunneling and rail project: Cost and schedule contingency assessment
• $5b LNG project: Integrated cost-schedule risk analysis to assess the project confidence level
• A couple of complex power plants: Cost risk analysis of to assess the contingencies during the bid and
delivery phases
• Identify the schedule and cost impacts
• Integrated cost-schedule risk analysis with software (i.e Acumen Risk, @Risk, Primavera Risk Analysis)

DAY ONE
Cost Planning & Estimating (Faculty Director: Peter Coombs)
Overview of Construction Project Cost Planning & Estimating
• Project cost planning and estimating in construction - objectives
• Cost planning - a capital expenditure decision
• Relevant standards, guides and cost estimating best practices
• Critical success factors in cost estimating
Project Cost Planning Versus Cost Estimating
• Basic to advanced cost estimating principles
• Key focus areas during the project cost planning and estimating phases
• Which one is better - over-estimating or underestimating?
• Capital Investment Analysis Methods
o Net Present Value (NPV)
o Internal Rate of Return (IRR)
o Payback Period
o Return on Investment (ROI)
o Cash Hole or Maximum Exposure
o Profitability Index (PI)
Cost Estimating during Project Planning Phase
• Types of cost estimating and modeling
o Parametric estimating
o Analogous estimating
o Three-Point estimating
o “Cost Model” estimating
• Advanced estimating models - 5D Building Information Modeling (BIM)
• Accuracy and confidence of different types of estimates
• Managing expectations and control estimates
• Cost estimation presentation, review and controls
Practical Exercises, Video Presentations and Case Studies 12
PROGRAM AGENDA
This course has been independently certified as conforming to accepted CPD guidelines. On average, this
executive program contributes 16 hours towards your CPD.
Delegates must register at the start and close of each workshop to be awarded a certificate of completion.
CPD CERTIFICATION DETAILS
• Develop realistic cost estimates with proven and advanced estimating techniques
• Identify different types of capital budgeting techniques used to accurately and progressively estimate project costs
• Calculate contingency to anticipate and handle your project cost risk
• Estimate your project costs in conjunction with scope, time, risk and quality
• Determine your project’s likelihood of success before you commit
• Explore the financial feasibility and options around optimum project delivery
• Identifythecriticalsuccessfactorsincostriskanalysisandhowtowintenderssuccessfullywithoptimumcontingency
LEARNING OBJECTIVES

13
Cost Budgeting & Cash Flow during Project Tender and Planning Phase
• Control budget creation - how cost estimates generate cash flow
• Cost control baseline - how cost baseline is set up for proactive cost control
• Estimate basis - how cost estimating data being captured for future references
• Reporting and communication plan - effective, efficient, comprehensive and transparent
DAY TWO
Cost Contingency Assessment & Risk Modeling (Faculty Director: Pedram Danesh-Mand)
Contingency Management during Project Planning Phase
• Cost contingency requirements during planning phase
• Best practices - cost contingency assessment and risk modeling
• Challenges in contingency planning
• Critical success factors in cost risk analysis and how to win tenders successfully with optimum contingency
Cost Risk Modeling Process during Project Planning Phase
• Components of a Cost Risk Model - develop a cost risk model for contingency assessment and allocation across the
estimate and schedule during project planning phase
• Approaches in developing cost risk models for successful tenders
o Order of Magnitude (Feasibility) estimate and model
o Preliminary estimate and model
o Definitive (Budget) estimate and model
o Control estimate and model
o Tender-Check estimate and model
• Which one is better - more contingency or less contingency?
• How to make the most optimum contingency to assess contingency for the desired confidence level?
Monte Carlo Simulation in Cost Estimating and Contingency Assessment
• Monte Carlo Simulation in cost estimating
• Contingency assessment approaches - deterministic and probabilistic methods
• Accuracy and confidence levels of different schedule and cost contingency amounts
• Managing expectations - how to assess and communicate contingency for effective and efficient contingency
Cost Contingency Allocation & Cash Flow
• Effectively split and distribute contingency across the project lifecycle and its different delivery packages to ensure
a sufficient cash flow
• Contingency management plan development during planning phase
• Setting rules for contingency release, re-use, re-allocate during planning phase

REGISTRATION PAGE
Knowledge for the world business leaders
C L A R I D E NCONSTRUCTION PROJECT COST PLANNING AND CONTROL WEEK
February 2016 | Brisbane & Perth, Australia
BookingContact(ApprovingManager)Mr/Mrs/Ms:_____________________
JobTitle:_________________________ Department:_____________________
Telephone:_______________________ Fax:____________________________
Email:____________________________________________________________
Organization:_____________________________________________________
Address:_________________________________________________________
__________________________________________Postal Code:____________
I would like to receive more information on hotel accommodation
using Clariden Global coporate rate.
Please register the following participant for this seminar.
(Please tick □ to select your seminar(s). You may tick more than one.)
PAYMENT METHODS
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4 WAYS TO REGISTER
Email: admissions@claridenglobal.com
Fax: +61 3 9909 7788
Call: +61 3 9909 7310
Website: www.claridenglobal.com
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An invoice and registration confirmation will be sent within 7 days, please contact us
if you have not heard from us within 7 days. Payment can be made by credit card, by
bank transfer or by cheque.
ALL PAYMENTS MUST BE RECEIVED IN ADVANCE OF THE EVENT.
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Accommodation is not included in the program fee but you will be entitled to use
our corporate rate for your accommodation. Information will be sent along with
your registration confirmation.
CANCELLATIONS AND SUBSTITUTIONS
VENUE AND ACCOMMODATION INFORMATION
Once we have received your booking, the place(s) are confirmed. No refunds
will be made for any cancellations, however, program credits of equivalent value
only applicable for Clariden Global events will be provided. Credits can only be
redeemed for 1 program and is valid for only one (1) year from date of issue.
Substitution with a qualified candidate is allowed by providing at least 5 working
days of advance notice to Clariden Global. One time substitution is allowed with no
charges. Subsequent substitutions will be charged 10% admin fee.
Hyatt Regency Perth
22 - 23 & 25 - 26 Feb 2016
99 Adelaide Terrace, Perth,
Western Australia, Australia, 6000
Tel: +61 8 9225 1234
Fax: +61 8 9325 8899
Website:
http://perth.regency.hyatt.com
ALL CANCELLATIONS MUST BE RECEIVED IN
WRITTEN FORM
PLEASE NOTE: Clariden Global International Limited reserves the right to
change the content and timing of the programme, the speakers and the date
and venue due to reasons beyond their control. If in the unlikely event that the
course is cancelled, Clariden Global International Limited will refund the full
amount and disclaim any further liability.
ENQUIRIES: If you have any queries about registration or payment please do not
hesitate to contact our client services department on +61 3 9909 7310.
PRIVATE DISCLOSURE STATEMENT: Any information provided by you in
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purpose of providing you with information about future events and services.
Visit us at www.claridenglobal.com for upcoming events
FOR OFFICIAL USE
FEE RECEIVED REFERENCE L6040_L6039/EC/SL
Session
SessionA& B: Construction
Pre-Project Cost Planning,
Estimation & Modeling
Masterclass
(15 - 16 Feb & 22 - 23 Feb)
AU$1,995
AU$1,995
AU$2,195
AU$2,195
AU$2,295
AU$2,295
Session C & D: Construction
Project Cost Control,
VarianceAnalysis & Cost
Management
(18 - 19 Feb & 25 - 26 Feb)
1st Early Bird
Fee Per
Participant
(If payments
& registrations
are received by
21 Dec 2015)
2nd Early Bird
Fee Per
Participant
(If payments
& registrations
are received by
18 Jan 2016)
Regular Fee
Per Participant
PROGRAM FEES
1st Participant Name (Mr/Mrs/Ms):_____________________________________
Job Title:___________________ Department:_____________________________
Telephone:___________________________ Fax:___________________________
Email:_____________________________________ Date of Birth:______________
2nd Participant Name (Mr/Mrs/Ms):_____________________________________
Telephone:___________________________ Fax:___________________________
3rd Participant Name (Mr/Mrs/Ms):_____________________________________
Telephone:___________________________ Fax:___________________________
4th Participant Name (Mr/Mrs/Ms):_____________________________________
Telephone:___________________________ Fax:___________________________
Session(s): A (Brisbane)□ B (Perth)□ C (Brisbane)□ D (Perth)□
Group discount of 10% for 2nd participant from the same organization.
For limited time only by 18 January 2016 register 3 participants and the 4th
participant will receive a complimentary seat (One discount scheme applies).
BY CHEQUE / BANK DRAFT :
Made payable to CLARIDEN GLOBAL INTERNATIONAL LIMITED and mail to:
3 International Business Park, #04-29, Nordic European Centre, Singapore 609927
BY TELEGRAPHIC TRANSFER TO:
Bank Name: Standard Chartered Bank
Bank code: 7144
Bank Branch code: 001
Bank Address: 6 Battery Road, #01-01 Singapore 049909
Bank Account No: 0107775042
Bank Account name: CLARIDEN GLOBAL INTERNATIONAL LIMITED
SWIFT Code: SCBLSG22
Please note that all bank charges are to be borne by participants. Please ensure
Clariden Global International Limited receives the full invoiced amount.
Note: Please include invoice number on all payment types and your
company’s name in your payment instructions for our reference.
CREDIT CARD:
To make payment by credit card, please call our client services hotline at
+61 3 9909 7310.
15 - 16 & 18 - 19 Feb 2016
515 Queen Street, Brisbane,
Queensland 4000, Australia
Tel: +61-7-3303 8000
Fax: +61-7-3303 8088
Website:
http://www.marriott.com/hotels/
travel/bnedt-brisbane-marriott-hotel/

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