Cost Estimating, Life Cycle Costing and Budgeting (Week 1)
Project Monitoring, Evaluation and Control (Week 2)
by Richard Slingerland, CCE
11-14 October 2021 (week 1)
25-28 October 2021 (week 2)
NOW VIRTUAL !
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
Proven Strategies to Manage Project Costs & Increase Project Profitability
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
Accounting & Finance
This workshop will benefit accounting and finance leaders who wants to successfully manage and monitor costs and profit margins
Includes: Financial Managers, Financial Project Managers and Project Finance Professionals
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
This is Perfect for ...
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.
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.
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 Cost Estimating, Life Cycle Costing & Budgeting?
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:
Abu Dhabi National Energy Company
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.
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.
What Do They Say About Richard?
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
Why Attend Project Monitoring, Evaluation & Control?
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
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!
SCM & Buyer, Sapura Energy
"A very good course with interesting method in preparing cost estimates. I learned something new that we can apply in our daily work!"
Costing, Sapura Energy
"Richard is knowledgeable person & has a lot of experience in many industries"
"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"
Cost Engineer, Brunei Shell Petroleum (BSP)
"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."
"Instructor is knowledgeable and lively. In terms of level of detail, it was very clear and templates were shared, which is good."
Adnan Zulfadhli Zul Kepley, Project Services, HENGYUAN REFINING COMPANY BERHAD (HRC)
BD Engineer, Sapura Energy
Cost Engineer, Brunei Shell Petroleum (BSP)
What Do They Say About The Training?
27 Sept 2019 (Malaysia)
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)
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 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