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Principles & Practices of Cost Estimating for Project Leaders

This program is part of the Certificate in Complex Project & Procurement Leadership and may be taken as part of the certificate program or on a stand-alone basis. Please visit the main page for the Certificate in Complex Project & Procurement Leadership for more information.

In both government and industry we regularly have to evaluate cost-benefit analyses before implementing program and procurement projects that are large and small in scale. This two-day workshop will help participants become knowledgeable consumers of cost estimates and cost-benefit analyses, with a focus on the C in cost-benefit analysis.  In addition the course will address what it means to be informed, including knowing the strengths and weaknesses of the cost-benefit analysis approach, the role of risk and uncertainty, sensitivity analysis, and knowing the right questions to ask when you are the recipient of a cost-benefit analysis. 


Cohort 5: May 1-2, 2018
Cohort 6: May 3-4, 2018


$1,600 + HST


2 consecutive days, 8:00am – 5:00pm

How to Register

Registration for this module has now closed.

Our payment & cancellation policy can be found HERE.

Who Should Attend

Those who review cost benefit analysis, those who are responsible for making decisions that involve resource allocations, and those who are responsible for making decisions that involve policy choices.

What You Will Learn

  • The reliability and credibility of your decisions as underpinned by data and analysis
  • How cost estimating underpins the decision process in both public and private arenas
  • The strengths and weaknesses of a cost-benefit analysis and the associated metrics that are used in these analyses
  • An introduction to the discipline of cost estimating

Program Takeaways

  • How to answer the ever present questions of "what does it cost?" and "is it worth the cost?”
  • The ability to understand and to probe cost-benefit analyses that are brought to you
  • The ability to read models produced by Monte Carlo simulations

Instructor Profile(s)

Dan Nussbaum holds a Ph.D. in Mathematics from Michigan State University, and has held Fellowships at Washington State and Harvard University.  Dan was the Director, Naval Center for Cost Analysis, Office of the Assistant Secretary of Navy (Financial Management and Comptroller), Washington, DC. In that role, he was the chief advisor to the Secretary of Navy on all aspects of cost and schedule estimating and control and the single Navy point of contact for guiding, directing and strengthening cost estimating and analysis throughout the Department of Navy.

Michael Lionais, Executive Director of the Costing Centre of Expertise at the Treasury Board of Canada Secretariat will also facilitate.

For more information


Telfer School of Management
Centre for Executive Leadership
99 Bank Street, Suite 200
Ottawa ON K1P 6B9