Proven Techniques on Cost Reduction & Project Profitability

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Kuala Lumpur

To be advised

Kuala lumpur, Malaysia

Malaysia

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Sales Have Ended

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Thank you for your interest in our program, please contact us at enquiries@ctsolutionsglobal.com for other dates available and for in-house runs.
Event description
Discover Proven Strategies to Reduce Costs & Increase Project Profitability

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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.

Find out more information at https://www.ctsolutionsglobal.com/cost-engineering

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

What do they say about the recent course run?

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

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

The training has really improved my knowledge in project cost engineering. I believe, I'd be able to add value to the project post training - Nasir, Finance Advisor, HRC

Very good project reporting templates were provided which will be very useful in discussions with project leaders on forecasting cost and schedule performance. - Muhammad Kaisan Lim, Cost Engineer, BLNG

"A very good course with interesting method in preparing cost estimates. I learned something new that we can apply in our daily work!" - SCM & Buyer, Sapura Energy

" Richard is knowledgeable person & has a lot of experience in many industries" - Costing, Sapura Energy

"Richard is knowledgeable in the subject and willing to share what he knows to us. The course material is well prepared and the entire course is very interactive and interesting" - BD Engineer, Sapura Energy

" Very good arrangement by CTS and very well versed instructor" - SCM & Buyer, Sapura Energy

"Instructor is knowledgeable on subject matter. If there is a special request on what we want to learn, he can prepare it on the next day even it is not included." - Cost Engineer, Brunei Shell Petroleum (BSP)

"Instructor is knowledgeable and lively. In terms of level of detail, it was very clear and templates were shared, which is good." - Cost Engineer, Brunei Shell Petroleum (BSP)

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Location

Kuala Lumpur

To be advised

Kuala lumpur, Malaysia

Malaysia

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