Project Scheduling, Cost Planning & Value Engineering Skills

Projects & Contracts · 5 Days · Public · Al-Khobraa certified · From USD 3,900

Overview

This course focuses on how to deliver reliable cost and schedule estimates during the early concept and planning stages of a proposed project and will explore the Value Engineering (VE) concept: a creative, organized approach with the objective of offering project stakeholders an opportunity to optimize project value, reduce life-cycle costs, address financial issues, and eliminate unnecessary costs. The whole course adopts a systematic step-by-step methodology to support the initiation, planning, execution, monitoring and control, and closure of projects.

Learning Objectives

• Manage and mitigate schedule, cost, scope, and resource risks associated with the project
• Develop a project recovery plan for budget and schedule overruns
• Identify value mismatches through the ratio of whole life costing.
• Capture & incorporate stakeholders’ input in the development of the project charter & plan.
• Know the fundamental concepts of Value Engineering and Analysis

Who Should Attend

This course is suitable for a wide range of professionals but will greatly benefit:

• Project Managers
• Cost Controllers
• Engineers
• Project Staff

Course Outline

Day 1 — Project Estimating Basics

• Basic Project Management definitions
• Triple Constraints – Time, Cost, Scope
• Project Selection Methods
• Defining the Project Scope

Day 2 — Managing the Risk

• Risk Identification, Analysis & Management
• Contingency Reserve
• PERT, Probability and Standard Deviation Formulae
• Network Activity Risk Profiles

Day 3 — Managing and Recovering Project Estimates

• Schedule Variances & Cost Variances
• Progress Control Charts - Trend Analysis
• Schedule and Cost Variance Forecasting
• Schedule and Cost Recovery Analysis

Day 4 — The Function Analysis Phase - Expressing Project Functional Needs and Constraints

• The Information Phase – steps and procedures
• Developing Value Engineering Job Plan
• Defining project constraints
• What is function analysis and Function-Cost-Worth Analysis

Day 5 — The Evaluation Phase -Making Informed Project Decisions

• Project evaluation methods
• Performing project risk and scenario analyses
• Life-cycle costing techniques
• Incremental benefit-cost analysis for project evaluation

Accreditation

Al-Khobraa certified. On completion delegates receive an Al-Khobraa certificate of achievement.

Dates & Venues

Dates	Venue	Delivery	Duration	Fee (USD)
6–10 December 2026	Riyadh, KSA	Public	5 days	3,900

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Frequently Asked Questions

What do Al-Khobraa projects and contracts courses cover?

The portfolio covers project management fundamentals and PMP exam preparation, Primavera P6 planning and scheduling, PRINCE2, cost control and earned value, risk management, and contract management from tendering through claims and close-out. Courses use live project scenarios rather than theory alone.

Who should attend a projects and contracts course?

These courses suit project and programme managers, planners and schedulers, project engineers, cost and contract engineers, procurement and commercial staff, and team leaders moving into project delivery roles. PMP preparation additionally assumes documented project experience, which PMI verifies at application.

How long are projects and contracts courses, and where are they held?

Most Al-Khobraa projects and contracts courses run over 5 days. The exact duration, dates and city for this course are listed in the dates section on this page. Public sessions run across Saudi Arabia — Riyadh, Jeddah, Al-Khobar, Jubail and Yanbu — as well as regional and international venues, with live virtual classrooms available on request.

What certificate will I receive?

Delegates who complete the course receive an Al-Khobraa certificate of completion, issued by a Saudi-registered training provider. Al-Khobraa also delivers internationally accredited programmes; where a course carries an external awarding body such as PMI, CIPS, ILM or IOSH, that body is named on the course's own page.

Can projects and contracts training be delivered in-house for our team?

Yes. Any Al-Khobraa projects and contracts course can be delivered in-house at your own premises anywhere in Saudi Arabia or the GCC, with the content, dates and language of delivery tailored to your team. Al-Khobraa is an approved HRDF (Hadaf) provider, so eligible Saudi employers can seek training support. Contact us for a quotation.

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