ABOUT THIS TRAINING COURSE
The two elements which consistently remain in the forefront of every executive,
tasked to manage a project, are 'Cost' and 'Time'. There is probably no
disagreement or a need to prove that a strong correlation exists between Cost
and Schedule. The mechanics of capturing cost during the execution is not that
difficult a task, as it is when undertaking Design, Engineering, Estimating,
Planning, Scheduling, and seeking financing for the project. The corporate
management is expected to provide realistic, reliable and risks adjusted
projections of a project's overall financial performance.
This 3 full-day course and workshop is developed to make the delegates walk
through the engineering formulas and equations to become a professional in
managing estimates, projections, risks, uncertainties and secure financing for
high value, high risk projects, from both On-shore and Offshore Oil & Gas
industry segments.
This course can also be offered through Virtual Instructor Led Training (VILT)
format.
Training Objectives
Objectives of this Training Course:
This course and the workshops are developed for the participants to gain
comprehensive understanding of the field of Cost Engineering and its impact on
the project execution, financing and risk management. The underlying objectives
are:
* Enhance familiarization with mechanics of cost engineering in developing
budgets and Project Cost Models.
* Gain understanding of diversity in financing of EPC Projects in context of
Offshore and Onshore Oil & Gas projects in international arena.
* Identify risks associated with cost estimates and costing elements, with an
objective of developing project strategies and minimizing the exposure to
escalation of prices and market factors.
* 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 mechanism.
Target Audience
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.
Course Level
* Intermediate
Training Methods
Unique Features of this Enhanced Course Curriculum:
This course and the workshops are developed for the participants to gain
comprehensive understanding of the field of Cost Engineering and its impact on
the project execution, financing and risk management. The underlying objectives
are:
* Enhance familiarization with mechanics of cost engineering in developing
budgets and Project Cost Models.
* Gain understanding of diversity in financing of EPC Projects in context of
Offshore and Onshore Oil & Gas projects in international arena.
* Identify risks associated with cost estimates and costing elements, with an
objective of developing project strategies and minimizing the exposure to
escalation of prices and market factors.
* 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 mechanism.
Trainer
Principal Management Consultant
Chartered Valuer and Appraiser (CVA)
FACICA | FAMTAC | FAIADR | M.S.I.D | Member, AIEN
LL.M. (IP Law), M. Sc. (Maritime Studies),
M. Tech (Knowledge Engineering), MBA,
First Class CoC (MCA, UK), B. E. (Elect)
Your expert course leader, during the last 47 year period, has worked and
consulted in the industry verticals encompassing: Technology, Oil & Gas
Exploration & Production, Petrochemical Process Plants and Power Plant
Construction Projects, Logistics & Warehousing, Marine, Offshore, Oil & Gas
Pipelines, Infrastructure Development Projects (Ports, Offshore Supply Bases,
Oil & Gas Terminals and Airports etc), EPCIC Contracts, and Shipyards, in South
East Asia, Africa, Middle East, Americas and Europe.
He serves as the Principal Management Consultant with a management consultancy
in Hong Kong and Singapore, specialising in the fields of corporate management
consultancy, international contracts reviews and alternative dispute resolutions
services. He undertakes special assignments for conducting audits and valuation
of intangible properties involving proprietary processes for licensed
production, and licensing of intellectual property rights (IP Rights) in
patents, trademarks, and industrial designs. He is frequently engaged for
assignments like due diligence, acquisitions, mergers, resolving various
operational issues, technology transfer and agency services contracts reviews,
cost controls, and enhancement of Supply Chain Management. He has been conferred
the credentials of Chartered Valuer & Appraiser (CVA) by SAC and IVAS, in
accordance with the international valuation standards setting body IVSC.
His consulting experience includes Charterparty Management, Business Process
Re-engineering, Diversifications, Corporate Development, Marketing, Complex
Project Management, Feasibility Studies, Dispute Resolutions and Market
Research.
He has successfully assisted Marine and offshore E & P clients in managing
contractual disputes arising from various international contracts for upgrading
& conversion projects. He continues to be actively engaged in claims reviews,
mediation, arbitration, litigation, and expert witness related assignments,
arising from international contracts and Charterparty Agreements.
He graduated with a Bachelor's degree in Electrical Engineering, MBA in General
Management, Master of Technology in Knowledge Engineering, Master of Science in
Maritime Studies, and LL.M. (IP Law). He also holds professional qualifications
in Business Valuations and Appraisers for CVA, arbitration, law, and marine
engineering, including the Chief Engineer's First-Class Certificate of
Competency (MCA, UK).
He is further qualified and accredited as Certified International Arbitrator,
Chartered Arbitrator, Sports arbitrator under CAS Rules, WIPO Neutral,
Australian Communications and Media Authority (ACMA) Bargaining Code Arbitrator,
Accredited Adjudicator and Accredited Mediator (Malaysia). He is admitted to the
international panels of arbitrators and neutrals with WIPO, Geneva; ACICA, AMTAC
and ACMA, Australia; BVIAC (British Virgin Islands); JIAC (Jamaica); HKIAC Hong
Kong; AIAC, Malaysia; AIADR, Malaysia; KCAB, Seoul, South Korea; ICA, Delhi,
India; ICC (Singapore); SISV, Singapore; SCMA, Singapore; SCCA, Saudi Arabia;
VIAC Vienna, Austria; Thailand Arbitration Centre (THAC), and Mediator with AIAC
Malaysia, CMC, and SIMI Singapore.
POST TRAINING COACHING SUPPORT (OPTIONAL)
To further optimise your learning experience from our courses, we also offer
individualized 'One to One' coaching support for 2 hours post training. 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 will be
delivered over a secure video conference call by one of our senior trainers.
They will work with you to create a tailor-made coaching program that will help
you achieve your goals faster.
Request for further information post training support and fees applicable
Accreditions And Affliations