Welcome to Cost Estimating Fundamentals

Cost estimation is the art of assigning value and the science for making use of a range of techniques to predict the costs of activities and assets. A wide range of methods, applications and names for estimating exist. This course explains the principles of cost estimating and demonstrates examples of persuasive cost estimates.

In this Course

This course is designed to offer a fundamental comprehension for the application and purpose of cost estimating.

This introductory course will help you appreciate cost estimating processes and when to apply practical cost estimating techniques to develop proper estimates.

What you will learn

This course will help you to:

  • Define the purpose of cost estimates
  • Establish credible cost estimates
  • Explain various cost estimating approaches
  • Manage data quality and collection
  • Demonstrate persuasive cost estimates

Need Advice?

Learning a new subject can be overwhelming. This course is one of many resources to support your development.

ICEAA offers individual coaching and mentoring, the knowledge library, and other online resources to becoming certified.

Please contact us should you require support ensuring you can apply what you learn from the course library.

How to Navigate this Course


This is a self-directed course allowing you to navigate to the topic areas you would like to learn immediately. You have access to the “Navigate this course” menu at the top of the page. There is also a hidden table of contents on the left accessible by clicking on the blue arrow.

To gain the most from this learning experience, we recommend to follow the course in its sequential format. This provides the most comprehensive learning experience even if you are already familiar with the topic.