Cost Estimation for the Resources Industry
Commences 6 November 2023
Cost Estimation for the Resources Industry
Commences 6 November 2023
Gain tools, techniques and tips to create accurate cost estimations for the resources industry.
Quick facts
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20 hours
|
100% online |
Short course |
6 Nov 2023 |
Up to 20 |
English |
Course overview
The Cost Estimation short course is designed to provide resources industry professionals with foundational tools and techniques to perform capital, operating and business cost estimations specific to the resources sector from scoping to feasibility studies.
Delivered by experienced industry leaders, this course draws from the AusIMM Cost Estimation Handbook and many case studies to provide practical tips for pursuing more accurate cost estimation.
Participants will also receive a digital copy of the AusIMM Cost Estimation Handbook - a saving of up to $198.
Course pricing
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Commencing 6 November 2023
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Who should attend?
Project and study managers
Build credible cost estimates for mining projects.
Financial analysts and decision makers
Understand cost estimation methodology, limitations and risks.
Operational engineers and technologists
Estimate costs for budgeting, studies and equipment selection.
Learning objectives
- Explain the purpose, characteristics and terminology of cost estimates in expenditure decisions and project studies
- Describe methods for estimating capital, operating and business costs
- Define accuracy, contingency, owner’s costs and timing
- Demonstrate general estimation techniques, shortcuts and checks
- Explain the use of benchmarking to validate cost estimates
- Describe estimating costs for emerging technologies
- Discuss cost estimation case studies
Course structure
The four-week course is a collaborative, hands-on online learning experience, taking learners approximately 20 hours to complete. Please note the live sessions are not mandatory, the virtual classrooms will be recorded and available on the same day for participants who are unable to attend the live event. Course content includes:
- Weekly live virtual classroom
- Additional resources and readings (case studies, videos, articles)
- Selective examples of tools used
- Group discussion forums
- Learning activities in the form of short test questions
Module 1
Virtual Classroom | Thursday 27 April
11:30 - 13:00 AEST
Module 2
Virtual Classroom | Thursday 4 May
11:30 - 13:00 AEST
Module 3
Virtual Classroom | Thursday 11 May
11:30 - 13:00 AEST
Module 4
Virtual Classroom | Thursday 18 May
11:30 - 13:00 AEST
Download the course brochure
Cost Estimation for the Resources Industry
Facilitators
Peter McCarthy
Peter has held Mine Manager’s Certificates in Victoria and New South Wales and has degrees in Mining Engineering and Mineral Economics. He is a Life Member of the Sovereign Hill Museums Association, an Honorary Fellow of The Australasian Institute of Mining and Metallurgy and a Chartered Professional Engineer.
Peter has chaired several AusIMM committees and working groups, and has a special interest in mining heritage.
Neil Cusworth
Neil’s Project Management career has spanned almost four decades working as a Project Manager – Director on resource projects in most continents. Major projects have included Gordonstone Coal, Minera Alumbrera, Queensland Magnesium, Mt Isa Copper Smelter, sale of the Gladstone Power Station, Emu Downs Wind Farm, Anaconda Murrin- Murrin and the OPR – Crosslands Iron Ore project.
He has undertaken a variety of specialist advisory and Independent Peer Review assignments since 1988. These have included a wide range of Independent Peer Reviews and Expert Witness assignment for Reko Diq and Pascal Lama projects.
Neil’s speciality has including development and providing ‘best practice’ systems, procedures and reviews for multinational corporations including BHP Billiton, Barrick Gold, Antofagasta Minerals, Stanwell Energy, Cliff’s, MIM and Codelco. His focus since 1982 has been on defining the capital cost estimating standards in the mining sector.
Damian Peachey
His focus in recent years with AMC has been on performance diagnostic studies, mining equipment asset management, selection and procurement, and cost estimations for global open-pit mining operations.
Adrian Pratt
Adrian holds a Bachelor of Engineering (Mining) from the University of NSW and a Masters of Minerals & Energy Economics from Macquarie University, and Certificates of Competency as a Mine Manager. He is a Fellow of the Australasian Institute for Mining and Metallurgy with Certified Professional (CP) accreditation, Member of the Institute of Engineers Australia with registration as a Certified Practicing Engineer and is a Registered Professional Engineer of Queensland (RPEQ).
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Present this letter to your manager to request participation in the course
Frequently asked questions
What are the technical requirements to participate in the course? i.e. do I need a webcam, microphone, etc?
The course will be run entirely online via a cloud-based Learning Management System (LMS) which can be accessed via computer, tablet or phone. Participants will simply need to have a working Internet connection and a computer, tablet or phone with sound to access the course. They will not be required to download any software and will not require any hardware like a webcam or microphone.
How long will the course take?
The entire course will run over four weeks. It is expected that participants will take about 12 hours to finish the entire course. This includes attendance at live webinars and completion of all learning activities.
Must a participant complete and pass all modules in order to finish the course?
Yes, it is a requirement for participants to complete all modules and pass all learning activities to receive a certificate of completion.
How often will the courses be run?
We aim to run two intakes each year.
Can a participant sign up for only one or two modules?
Unfortunately no, the course must be completed in its entirety.
Will the course be delivered in other languages?
At the moment, no, but we will be looking at delivering the course in other languages in the near future.
How many PD hours do I receive for undertaking the course?
Participants can earn professional development (PD) hours for undertaking the course. One contact hour of technical content is equivalent to one PD hour.