COST ENGINEERING, RISK MANAGEMENT & EVM

Training Program COST ENGINEERING, RISK MANAGEMENT & EVM
Training Status open
Start Date 22-Oct-2018
End Date 26-Oct-2018
Month October
Investment fees /
Venue Bandung
Description

COST ENGINEERING, RISK MANAGEMENT & EARNED VALUE MANAGEMENT

OBJECTIVE :

Attendants of this Advanced Cost Engineering and Risk Management master class will:

ü Develop a sound understanding of the principles, methodologies and industry best practices in Cost Engineering

ü Understand the business context, the project life cycle and the purpose of Cost Engineering in Oil & Gas projects

ü Learn to prepare cost estimates, from high level factor estimating to very detailed equipment and bulk material cost

ü Understand the impact of project location, market environment & project execution strategy on project cost

ü Learn how to control, forecast and report the cost and progress during project execution

ü Develop the skills and knowledge to review and reconcile cost estimates

ü Understand the principles and methodologies of risk analysis and risk management

ü Learn to set-up and maintain risk registers, perform cost & schedule risk analysis and execute risk mitigation

ü Develop a sound understanding of the principles, methodologies and industry best practices in EVM

ü Know how to apply Earned Value to analyse project performance and forecast cost & schedule at project completion

ü Learn to develop & work with work breakdown structures, work packages, project baselines and project forecasts

ü Learn how to control, forecast, monitor and report the cost and progress during project execution

 

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