Cost Estimation and Management for E & P Projects

Course Length: 5 Days 

Course
Dates:

Course
Description:

 This course covers the fundamental principles of cost
estimation and uncertainty management techniques. Field case studies will be
provided to illustrate the field application of the cost estimation and
management fundamentals, methods, processes and practices

Who Should Attend:

This course is designed for project engineers, design engineers,
consulting engineers, petroleum engineers, facility engineers and senior
managers

What You Will Gain:

•       Understand the
financial workings of your company

•       Read and explain
simple financial statements

•       Understand
economic evaluation techniques in project proposals

•       Calculate the
financial viability of expenditure proposals

•       Optimize the use
of scarce capital on your projects

•       Prepare project
expenditure proposals that can win management
approval

•       Make effective
decisions under capital rationing situations

•       Communicate
effectively with your financial managers

•       Effectively
execute sensitivity studies taking into account risk and uncertainty

Course Outline:

•       Introduction to
Cost Estimation and Management Concepts

•       Accounting Basics
and Financial Statements