Cost Engineering, Risk Management & Earned Value Management

by Richard Slingerland, CCE

22-26 June 2020 | Malaysia

Available In-house at your Preferred Date and Location!

  • Have you lost millions of dollars due to poor project scope and project executions?

  • 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?

  • Want to know how to optimize the project profitability?

Attention: Cost Engineers, Cost Estimators, Cost Controllers, Project Managers, Project Planners & Finance Managers

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

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.



  • 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.



  • Shell

  • Chevron

  • Petrobras

  • SBM Offshore

  • APM Terminals

  • Abu Dhabi National Energy Company


  • Carigali Hess

  • JEML


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


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)

27 Sept 2019 (Malaysia)


Disclaimer, Terms & Conditions:


  • Location is subject to change

  • Minimum number of participants has to be reached prior to confirmation of event

  • 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 4-8 weeks prior to training date

  • Full payment for the course should be made 3-4 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


Tel. #: +65- 6524 4973