Cost Engineering, Financing and Risk Management – Integrating AI tools For Upstream & Downstream Energy Projects

This course and the workshops are designed to help participants gain a comprehensive understanding of the field of Cost Engineering and its impact on project execution, financing, and risk management. The underlying objectives are:

• Enhance familiarization with the mechanics of cost engineering in developing budgets and Project Cost Models.
• Gain understanding of diversity in financing of EPC Projects in the context of Offshore and Onshore Oil & Gas projects in the international arena.
• Identify risks associated with cost estimates and costing elements, to develop strategies and minimize the exposure to escalation of prices and market factors across the energy supply chain.
• Appreciate the correlation between cost and schedule, resulting in the delivery of contractual obligations.
• Develop competency to manage risks of costs and time overrun by implementing appropriate cost control mechanisms.

If you are responsible for undertaking one or more of the following functions in the Oil & Gas and Offshore & Marine Industry, you can’t afford to miss this course.

Management Accountants, Finance Managers, Cost Controllers, Project Directors, Contracts & Projects Managers, Estimators, Planners and Risk Managers.

• Intermediate

This course leverages hands-on workshops, real-time cost management models, and simulations to build participant competency in managing estimates, projections, and cost control strategies. Through scenario-based exercises and practical applications, participants will explore the correlation between cost and schedule, develop project cost models, and address financing and risk challenges in offshore and onshore Oil & Gas projects.

Unlock the potential of your workforce with customized in-house training programs designed specifically for the energy sector. Our tailored, in-house courses not only enhance employee skills and engagement but also offer significant cost savings by eliminating travel expenses. Invest in your team’s success and achieve specific outcomes aligned with your organization’s goals through our expert training solutions. Request for further information regarding our on-site or in-house training opportunities.

In our ongoing commitment to sustainability and environmental responsibility, we will no longer providing hard copy training materials. Instead, all training content and resources will be delivered in digital format. Inspired by the oil and energy industry’s best practices, we are leveraging on digital technologies to reduce waste, lower our carbon emissions, ensuring our training content is always up-to-date and accessible. Click here to learn more.

To further optimise your learning experience from our courses, we also offer individualised coaching support. We can help improve your competence in your chosen area of interest, based on your learning needs and available hours. This is a great opportunity to improve your capability and confidence in a particular area of expertise. It can be delivered virtually through video conference or face to face by one of our senior subject matter experts. They will work with you to create a tailor-made coaching program that will help you achieve your goals faster. Learn more about our post training coaching services here.