Cost Estimating and Project Controls

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Proven Strategies to Manage Project Costs & Increase Project Profitability

About this event

Is getting accurate data from the contractor to measure accurate value of work done and progress reporting a challenge to your team?

Are you under huge pressure due to major project delays and projects that went over budget?

Do you need strategies to optimize project scope and project execution?

This is Perfect for ...

Cost Engineers: This course will be valuable to those who provide estimates, cost control strategies, cost forecasting, investment appraisals, and risk analysis for construction and other major projects.

Includes: Cost Engineers, Cost Estimators and Cost Controllers

Project Leaders: This training will be valuable to project leaders who need strategies to optimize project scope and project execution

Includes: Project Managers, Project Planner and Project Engineers

Accounting & Finance: This workshop will benefit accounting and finance leaders who wants to successfully manage and monitor costs and profit margin

Includes: Financial Managers, Financial Project Managers and Project Finance Professionals

Introduction

Week 1 (11-14 October 2021)

The course “Cost Estimating, Life Cycle Costing and Budgeting” is focusing on the Front End Loading / Preparation phase of projects. This is the phase in which you make estimates, schedules and project execution plans (plus a lot more) in order to prepare for the execution of the project. Because Budget Estimates are prepared during Detailed Design & Engineering, this course is also useful for Project Execution.

Week 2 (25-28 October 2021)

The course “Project Monitoring, Evaluation and Control” and is focusing on the Execution phase of projects. The emphasis is on Project Control, Earned Value Analysis, Management of Change, and Project Monitoring and Reporting. Because FEED Budgets can be substantive, Project Control is also important during the FEED.

These two courses are complementary and attendees can take both courses.

Why Attend Cost Estimating, Life Cycle Costing & Budgeting?

Develop a sound understanding of Cost Engineering

Learn the principles, methodologies and industry best practices in Cost Engineering. Understand the business context, the project life cycle and the purpose of Cost Engineering in Oil & Gas projects

Learn to prepare cost estimates

Prepare cost estimates from high level factor estimating to very detailed equipment and bulk material cost. Understand the impact of location, market environment and project execution strategy on project cost. Develop the skills and knowledge to review and reconcile cost estimates.

Know how to control, monitor and report on project execution

Learn to perform Earned Value Analysis, understand how forecasting on project Cost and Schedule works, and know how to report on project performance

Why Attend Project Monitoring, Evaluation & Control?

Know How To Apply Earned Value

Analyze project performance and forecast cost and schedule at project completion

Learn To Develop & Work Breakdown Structures

Including work packages, project baselines and project forecasts. Learn how to control, forecast, monitor and report the cost and progress during project execution

Work On Real Oil & Gas Project

Case studies to practice all aspects of this masterclass

ABOUT THE TRAINER

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 20 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

What Do They Say About Richard?

Mohamad Rezana Abdul Malek, General Manager, PETRONAS

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!

Norzihan Abdul Rahim, Principal Estimator, BG Group

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.

Sander Dekker, Regional Risk Lead, Europe, Middle East & Africa, Shell

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.

Azimin Nasir, Project Portfolio Custodian, BRUNEI LNG (BLNG)

Grateful to have had the opportunity to attend this very crucial course and it would add value to my current job and the organisation. The learning was impactful

Adnan Zulfadhli Zul Kepley, Project Services, HENGYUAN REFINING COMPANY BERHAD (HRC)

Richard is very knowledgeable in this field. Lots of sharing on real life projects and case studies. CTS is efficient in organising the training. Overall course is EXCELLENT!

Course Structure:

Total workload: 20 hours per week

  • 4 hours pre-reading (1 hr/day)
  • 8 hours interactive online lectures (2 hr/day)
  • 4 hours interactive Q&A and discussion (1 hr/day)
  • 4 hours offline case studies (1 hr/day)

Week 1 (11-14 October 2021) 2-5PM SGT

Week 2 (25-28 October 2021) 2-5PM SGT

Attendees will receive:

  • Pre-reading material (articles, slides, best practices)
  • Electronic format of all the course slides
  • Full developed case study templates in MS Excel
  • Completed case studies with explanations
  • Bonus materials (articles, spreadsheets & templates)

Disclaimer, Terms & Conditions:

  • Minimum number of participants has to be reached prior to confirmation of event (8 pax minimum)
  • Please note that trainers and topics were confirmed at time of publishing, however, CTS may necessitate substitution, alterations or cancellations. CTS reserves the right to change or cancel any part of its published programmed due to unforeseen circumstances.
  • Registrations should be made 2-6 weeks prior to training date
  • Full payment for the course should be made 1-3 weeks prior to training date
  • Cancellation 3 weeks prior to event date or no shows are liable to pay the full course with no refund, however you may substitute delegates at any time with notice
  • Participants are required to attend at least 80% of the course program prior receipt of Certificate
  • Rates are exclusive of taxes unless otherwise indicated in the invoice
  • Administrative charge of SG$ 200 for late payments or refund
  • Receipt of this email to participate and/or register in any of the learning activities organized by CTS should not in any way be taken as a promise for employment or contract of employment of any kind.
  • Force Majeure: Should for any reason outside the control of CTS, the trainer changes his dates or event cancels due to the act of terrorism, extreme weather conditions, industrial action or epidemic, CTS shall reserve the rights to replace the trainer or reschedule the event but the client hereby indemnifies and holds CTS harmless from and against any and all costs, damages and expenses, which are incurred by the client.​

For more information, registration or any inquiries, kindly contact us at:

Customized Training Solutions Pte. Ltd.

Registration No. 201621001H

Email: marylen@ctsolutionsglobal.com

Tel. #: +65- 6524 4973

https://www.ctsolutionsglobal.com/virtual-cost-engineering

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Customized Training Solutions Pte. Ltd. understands the importance of providing effective and practical learning to enhance your business’ most valuable assets, your employees. We do this using 7 Keys to Impactful Learning. Ensuring results with the help of both experts and clients. CTS as Asia's leading events services is focused on business, learning and development solutions, we believe in tailoring programs that benefits you most.

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Customized Training Solutions (CTS) Pte. Ltd. was built to provide services to companies, as we understand the importance of education and training for overall business success.

We achieve this as we work in partnership with both clients and trainers to be able to deliver and meet both expectations and goals.

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