Hands-On Seminar Istanbul

This event focuses on the application of the CostFact system: After a brief introduction, the participants will work on typical estimation tasks on provided laptops with pre-installed full versions of the CostFact software. The attendees will be guided through all major features of this shipbuilding-tailored solution and learn how it can support their own estimation tasks.

Topics are:

• Set up new project estimates within the Shortest Possible Time
• Combine Top-Down and Bottom-Up costing approaches
• Reuse Existing Information from previous projects.
• Use Parametric Costing for cost prediction
• Calculate and quote Options and Change Orders
• Optimise the Selection of Supplier Quotations
• Calculate Ship Programs (ship series) including non-recurring cost, learning curves and cost escalation
• Use Different SWBS-Codes within one project
• Calculate Cash Flow and Revenues
• Derive cost norms by Statistical Analyses of existing projects (CERs, Norms and Regression Functions)
• Incorporate the Specification (both Client Specification and Statement of Work) into the estimate
• Assess the Reliability of Cost Predictions and calculate the prospective forecast error
• Realize the Price-to-Win strategy
• Gain a new cost view by Capability Costing
• Calculate Life Cycle Costs with Different Scenarios
• Create multiple Reports & Exports

The event takes place in Istanbul on September 12, 2024. The attendance requires a registration by September 3, 2024 (registration@costfact.com).