Discover Proven Strategies to Reduce Costs & Increase Project Profitability

Content Overview

Cost Engineering and Risk Management (Day 1 - 3) program will cover the latest techniques and practical methodologies of project cost engineering and risk management to successfully manage project cost and risk, in order to maximize business ROI in the long run. You will gain the combination of unmatched risk analysis skills, cost engineering and thorough knowledge of your project parameters and uncertainties.

Earned Value Management (Day 4 - 5) program will cover the principles, methodologies and industry best practices in Earned Value Management. Using the knowledge to analyze project performance and to provide accurate cost and schedule forecasting, you will be able to contribute to your project’s increased performance and success.

Delegates will be guided through step-by-step exercises on real oil and gas project case studies.

Training Program Objective

• DEVELOP a sound understanding of the principles, methodologies and industry best practices in Cost Engineering and Earned Value Management
• UNDERSTAND the business context, the project life cycle and the purpose of Cost Engineering in Oil & Gas projects
• LEARN to prepare cost estimates, from high-level factor estimating to very detailed equipment and bulk material cost.
• LEARN to develop and work with Work Breakdown Structures, work packages, project baselines and project forecasts
• UNDERSTAND the impact of project location, market environment and project execution strategy on project cost
• LEARN how to control, forecast and report the cost and progress during project execution
• WORK on real Oil & Gas project case studies to practice all aspects of this masterclass

 

Training Methodology

The course is based on a balanced combination of classroom teaching and syndicate exercises supported by case studies and exercises within the industrial environment. This course is designed in with leading industry knowledge and practical case studies discussion and analysis to provide an interactive learning environment.

• Richard Slingerland, CCE

International Consultant/Distinguished Trainer

Richard Slingerland is a Certified Cost Engineer and a former Board Member of the Dutch Association of Cost Engineers. He is the owner of Pareto Cost Consultancy; a company specialized in cost estimating, project economics, estimate & schedule assurance reviews, project control, benchmarking and value engineering. Richard has more than 15 years of industrial experience in consulting oil & gas projects, both upstream and downstream. For almost ten years, Richard worked in various Shell locations including The Hague, Netherlands, Malaysia and Central America.

LIST OF ACHIEVEMENTS

Cost engineering services to Shell and third party for large projects up to a CAPEX of more than USD 10 billion for upstream and downstream projects in the Asia Pacific Region.

Exploration and production cost engineering focal point for the Asia Pacific Region.

Lecturer of Shell’s Project Academy, Cost Engineering courses and several Shell exploration and production courses.

CLIENT LIST INCLUDES:

Shell, Chevron, Petrobras, SBM Offshore, APM Terminals, Abu Dhabi National Energy Company, OOCEP, Carigali Hess, JEML and more

What do they say about Richard?

In May 2012 I attended Richard’s course ‘Advanced Cost Engineering and Risk Management’, which is a comprehensive training in Cost Engineering with a strong link to overall capital and risk management. Richard covered the project ‘big pictures’ as well as detail tools and methodologies that are useful for participants to further progress in developing their own toolsets. With my primary role in project assurance, I certainly have benefited from the training and I strongly recommend the training to anyone who is involved in capital projects!

-Mohamad Rezana Abdul Malek, General Manager, PETRONAS

Besides being an estimating expert, Richard has strategic thinking ability looking for required development. He is passionate about improving systems and tools and always looking for a better way of delivering tasks.Hardworking, reliable and ambitious, I have no hesitation in recommending Richard as he is definitely a leader and a valuable asset in growing an organisation. 

- Norzihan Abdul Rahim, Principal Estimator, BG Group

Richard is an outstanding cost engineer, who always looks at the big picture, without letting his eye off the small details. Richard has an excellent talent for going back to the fundamentals, which makes him an innovative and conscentious developer of tools and tracker of data and trends.

- Sander Dekker, Regional Risk Lead Europe, Middle East and Africa, Shell