Analysis and Modeling for Cost, Economics and Risk
This unique 3-day Analysis and Modeling for Cost, Economics and Risk training course will cover the techniques and methodologies of analyzing project cost…
- Level
- Intermediate
- Type
- Course
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About Training
This unique 3-day Analysis and Modeling for Cost, Economics and Risk training course will cover the techniques and methodologies of analyzing project cost, profitability and uncertainties throughout the project lifecycle. Using the combination of unmatched analyzing skills, accurate models and thorough knowledge of your project parameters and uncertainties, you will be able to provide the information needed to make sound functional and economic decisions. Delegates will be guided through step by step exercises on real oil and gas project case studies.
Training Objectives
- Gain valuable skills in advanced Excel functions.
- Develop a sound understanding of the principles, methodologies and industry best practices in Project Appraisal.
- Understand the business context and the purpose of economic models in Oil & Gas projects.
- Learn to prepare cost models, from high level analysis models to very detailed project appraisal and parametric models.
- Understand the principles and methodologies of Optimization, Sensitivity and Risk Analysis.
- Allow for uncertainty and model different business scenarios.
- Improve efficiencies in the budgeting and forecasting processes.
- Work on real Oil & Gas project case studies to practice all aspects of this master class.
Audiences
Cost Engineers, Cost Estimators, Cost Controllers, Project Managers, Project Engineers, Project Planners, Finance Managers & Executives.
Instructor
Richard Slingerland
Richard Slingerland is owner of Pareto Cost Consultancy BV, which specializes in cost estimating, estimate & schedule assurance reviews, benchmarking and value engineering. He has over 18 years of industrial experience in consulting oil & gas, exploration & production projects, energy, offshore, terminals and project organizations. For almost 10 years, Richard had worked in various Shell locations, which includes The Hague, The Netherlands, Malaysia, Middle East and Central America.
Daily Aims
Day One
- Statistics: The Fundamentals
- Advanced Functions, Tools and Modeling in MS Excel
- Parametric Modeling
Day Two
- Equivalence and Cost Comparisons
- Depreciation, Inflation and Taxes
- Profitability Analysis
- Probability, Simulation, Uncertainty
- Productivity
Day Three
- Optimization
- Sensitivity and Scenario Analysis
- Risk analysis Introduction and Definitions
Training Schedule
No upcoming session is scheduled yet. Send a quick inquiry and we will let you know the next date.
Why Choose This Training
Credibility
Align with API/ASME standards. Trusted by major operators.
Expert Instructors
Led by industry veterans with real field experience.
Real Case Studies
Practical application of concepts through real world scenarios.
Practical Skills
Hands on calculations and decision making for FFS outcomes.
Trusted by Operators
Delivered to Aramco, ADNOC, SABIC, and other major operators.
Global Training Standard
Recognized across major industries by PetroSync's proven approach.
Professional Training Aligned with Industry Standards
Practical, industry ready training designed for real work environments
Free Consultation Limited seats available
