Capital Budget Development

Managing capital program costs can be complex.  Many overly complicated systems are not sustainable.  Successful cost control uses simple, but integrated, processes with a disciplined and uniform approach.  This second webinar in the cost management series is valuable for anyone responsible for planning and budgeting capital projects. It illustrates how a little upfront cost analysis can unlock a treasure trove of historical cost data that will benefit your organization for years to come.  Using a step-by-step guide, you will see how easily you can create your own custom cost database.  We will also cover how, and when, to use this information to make your budgeting process more accurate and efficient.

Capital Budget Development Outline:

• How do you do it?
• Methods
• Soft Costs
• Historical Costs
• Database Development
• Systemization
• Transparency
• Budget Evolution & Updates
• Methods
• Volatility & Risk
• Pros & Cons

Participants will learn:

• Several methods for developing capital project and program budgets
• Pros and cons of each method
• How to calculate soft costs
• Contingency factors for project and program
• Historical cost development
• Database development means and methods
• Systemization and management of costs through the planning phase
• Managing scope creep
• Monitoring budget evolution and updates
• How to address volatility and risk by project phase

This is webinar two in this four-part series ideal for:

• Facilities Directors seeking better cost management solutions
• Capital Finance Executives wanting process exposure
• Organizations starting a new phase of capital development
• Organizations revamping/upgrading cost management systems
• Financial, Accounting, Clerical Staff professional development
• Estimators developing budgeting and cost management skills
• Project Engineers to develop more skills
• Project Managers building cost management knowledge
• Contractors offering Construction Management services
• Project Controls Mangers setting up cost management systems
• Owners needing a better capital budgeting process
• Owners looking to streamline their change order process

Instructor: Rodney M Percival, PE, Program Cost Manager with Caproso – Capital Program Solutions, has 30+ years of cost experience as a Contractor and Program Manager on small and large private and public projects with Cost Plus, Lump Sum, GMP, Design-Build or CMAR delivery.  For the past decade, he has provided services to LAX as Chief Cost Engineer, developing budgets, cost systems, historical costs, and in-house applications. More recently, he has founded a cost consultancy which develops applications for Owners and Estimators to budget projects and streamline analysis of non-competitively bid change events.

See Flyer for complete details and registration information.

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