This course has no future course date(s) listed. Use the form to contact the course provider for more information.
Cost engineering has grown to become a critical aspect of project cost management.
In the petroleum industry, projects capital expenditure (CAPEX) is huge; and mostly associated with engineering design and construction.
Cost engineering is an obvious ‘commercial side’ of any engineering discipline, and vitally so – such that costs (investment spending) must be ‘engineered’.
In order to effectively manage engineering projects (by delivering them within budget and on time), it has become imperative that cost engineering principles and practice be emphasized.
This course is designed to enable participants to arrive at accurate and current cost estimates through their understanding or cost analysis, cost assessment, project planning, project risk assessment and design-to-cost.
It will also discuss the Total Cost Management (TCM) principles applicable to petroleum project assets and portfolios. Emphasis will be on cost estimation, analysis and control using current monitoring techniques.
The program is aimed at engineering, economists, planners, and all persons involved in cost verification, cost benchmarking and project or asset cost control and budget monitoring.
Attendants shall be exposed to international standards and policies prescribed by the AACE.
1.Classification of Cost Estimate
2. Asset Management
3. Strategic Project and Cost Management
4. Cost engineering and E&P Upstream Operations
5. Cost Engineering practices and E&P midstream and Processing operations
6. Case Studies and Class Exercises
Cost engineers, Project Control engineers & Project Managers, Planning Department Managers, Cost Accountants, Quantity Surveyors, Construction Engineers and Supervisors, Contract Management staff