Cost Planning, Control & Optimization

Transcription

1 An Intensive 5 Day Training Course Cost Planning, Control & Optimization in a Major Oil & Gas Company Nov 2019, Dubai 28-NOV-18 This course is Designed, Developed, and will be Delivered under ISO Quality Standards

2 Cost Planning, Control & Optimization in a Major Oil & Gas Company WHY CHOOSE THIS TRAINING COURSE? Cost control within the Oil & Gas Industry presents certain challenges. Costs must be managed without compromising either safety or production. This innovative training course presents the delegates with practical tls and techniques which can easily be applied right now within their company and work. It also introduces delegates to emerging tls and techniques to develop for the future. This PetroKnowledge training course will help the delegates to save their employers money without damaging the business. This training course will feature practical, engaging and innovative new techniques from different organisations. This development will primarily focus on the software systems used to manage and control operational and capital costs. This training course will also help the delegates to identify and deliver savings without damaging performance, capability, strategy, delivery or safety. WHAT ARE THE GOALS? As a result of this training course, delegates will gain better control of costs and it will provide opportunities for immediate savings and long term sustainable saving for the organisations. Delegates will be engaged, challenged and motivated to make a significant difference within their organizations. By the end of this training course, participants will be able to: Proactively manage costs Seek opportunities for cost reduction Effectively control costs Make better use of cost budgets, plans and forecasts Understand project appraisal Control costs with projects WHO IS THIS TRAINING COURSE FOR? This PetroKnowledge training course is essential for many professionals but especially for managers with financial responsibility for departments or projects or those who are involved in the analysis of costs to support decisions within the business. This training course is suitable for a wide range of professionals but will greatly benefit: Finance Managers Budget holders Project Managers Professional Engineers People providing direct support to the above HOW WILL THIS TRAINING COURSE BE PRESENTED? Formal trainer led input will be mixed with discussion, case studies, exercises, games and videos and excel models. The training course will be interactive, engaging and most importantly practical. Delegates will be encouraged to create a learning log and action plan so that improvements resulting from this training can be tracked.

3 Day Two: Costs & Costing Competency Description: Delegates will acquire comprehensive understanding of costs and cost management. They will also become more cost conscious and understand the need for continuous cost management. Manages costs Seeks cost reduction and improvement Seeks innovation and researches options for continuous improvement Recommends improvement Supports a cost management culture DAILY AGENDA Day One: Cost, Profit, Risk and Cash Competency Description: Delegates will learn the essentials of costs management impacts of Profit, Risk and Cash. Understands the difference between cost and value Considers cash impacts of costs management decisions Recognizes risk impacts for cost management decisions Understands the role of Strategy, Vision and mission in cost management choices Encourages cost awareness and cost consciousness Promotes cost management Costs and Profit Objectives -Mission & Vision - Profit Now v Profit Later Strategy and how it guides cost management decisions / Strategy models and costs management Cost v Value / Value focused approaches Profit Drivers Costs and Cash Cash V Profit Cost cash and non-cash Costs management v Cash Management / Capital v Revenue Managing Capital Cost / Managing Revenue Cost Cost and Risk Introduction to Risk Cost and Risk Understanding and working with costs Cost v Value Value based cost Management / thinking Plan for cost reduction and profit improvement Fixed and variable costs income statement Break-even analysis / Contribution margin Costing approaches Full Absorption, Marginal, ABC New ideas in cost management lean principles / ABC Big data Oil & Gas issues Day Three: Planning and Forecasting Costs / Risk Competency Description: Delegates will acquire compressive cost forecasting and planning skills, including skills related to creating and using software models Forecast costs effectively Seeks improvement in forecasting and forecast measurement Models cost impacts of decisions Uses appropriate software to support cost management Plans costs OPEX planning approaches Value engineering approaches applied to OPEX and personnel incentives. G&A cost planning and valuation Forecasting tls and techniques What is risk? Modelling costs and profit and risk OPEX long-term forecast Software used in OPEX planning and performance monitoring Cost Planning, Control & Optimization in a Major Oil & Gas Company

4 Membership No.: Day Four: Investment Appraisal and Projects Capital Budgeting Competency Description: Delegates will acquire a full understand of capital budgeting and its links to both cost and risk management Understands the nature of capital investment and its impact on cash Recognizes the impact of the time value of money Incorporates Present Value in investment decisions Understands risk I investment decisions Uses sensitivity and scenario analysis Building cash flow models for decision making CAPEX planning system Factors used to evaluate the efficiency of CAPEX projects, annual investment program. CAPEX planning in oil companies: applying time-adjusted measures - The time value of money Net present value (NPV) and internal rate of return (IRR) / EVA and NPV Sensitivity analysis, scenario analysis, simulation, and NPV break-even / Monte Carlo Analysis The importance of flexibility and Options Dealing with risk and changing circumstances Day Five: Budgets and Cost Control Competency Description: Delegates will learn how to apply best practice in budgeting and adopt new and emerging budgeting ideas with their work Builds effective budgets and financial plans Manages or supports budgets Seeks improvement in budgeting process Reduces time and cost of budgeting process Analyses budgets and variances The Budgeting Process The role of budgeting Annual budgeting process Identifying and resolving budgeting variances Different budgeting systems in use today Budgeting tips and techniques Variance analysis Beyond Budgeting QUALITY CERTIFICATION Member of Clear Concepts. Clean Environment. The PMI Registered Education Provider logo is a registered mark of the Project Management Institute, Inc. Cost Planning, Control & Optimization in a Major Oil & Gas Company

5 Cost Planning, Control & Optimization in a Major Oil & Gas Company 4 DATE VENUE FEE($) Nov 2019 Dubai - UAE 4,950 This fee is inclusive of Documentation, Lunch and Refreshments Please use BLOCK CAPITALS to fill in this form. It is important that you read carefully through all information before starting to complete the form. REGISTRATION DETAILS Family Name: First Name (Mr./Ms.): Position: Company: Mailing Address: Telephone: Mobile: Fax: AUTHORISATION Authorisation By: Position: Company: Mailing Address: Telephone: Mobile: Fax: IN-HOUSE TRAINING Maximize your training budget and have several members of your staff, who require specific training, to attend with the advantage of not incurring additional travel costs when attending a public training courses & seminars. Would you like a PetroKnowledge training course delivered at a time or location to suit you? Would you like PetroKnowledge to tailor a course from our comprehensive library of programmes? Or would you like us to create an entirely new, bespoke course to suit the exact needs of your organisation? Working in partnership with our clients, PetroKnowledge provides an enjoyable, creative learning experience that enables participants to develop their skills and knowledge. We can deliver not only generic, off-the-shelf courses from our extensive learning portfolio, but we can provide tailored as well as bespoke learning on any aspect of skill development or knowledge. Our in-house courses are conducted by the same expert trainers who conduct PetroKnowledge public courses so you can be assured they will fulfill the learning objective of any organisation

6 BOOKING TERMS & CONDITIONS Bking Bkings for courses can be made via our website (petroknowledge. com) or by contacting our Registration Desk on or at reg@petroknowledge.com For on-line bkings, please select the course that you require and click on the Register Now button, following the instructions step by step Upon receipt of bking in order, enrollment on the respective training course will be confirmed by Registration Team with all necessary documentation Invoicing and Payment Our fees include course presentation, relevant materials, physical & digital documentation, lunch and refreshments served during entire training. Accommodation charges are not included in the course fees Course fees are payable upon bking unless a valid, authorized Purchase Order is provided and accepted Invoices will be sent via /courier to the ID/name and address provided We prefer to have the fees payment in our account before the start of training course. However, if your company has a different payment policy, the same should inform us in advance The currency of fees is in US Dollars (USD). Payments can be made in USD or UAE local currency AED (Arab Emirates Dirhams) either by Bank Transfer or by Credit Card. Our Bank Account details will be provided on the Invoice Please note that we do accept payment by cash, in USD or AED, only for the last minute bkings Cancellation of Courses It may be necessary for PetroKnowledge to amend or cancel any course, course times, instructors, dates or published fees due to unforeseen circumstances and we reserve the right for such changes Any amendments will be advised before the course start date and any bkings already paid in full will not be subject to increased fees Cancellation by Client Once you have completed your bking, received your confirmation of enrollment and a dated payment Invoice, you are deemed to have a contract with PetroKnowledge. You reserve the right to cancel this contract given the below terms All cancellations must be received in writing at reg@petroknowledge. com and info@petroknowledge.com at least 14 days prior to the training After the cancellation period has expired, consideration may be given, on a case to case basis, if a registered delegate nominates a substitute on the same course, shifts to next session of the course or moves to a new course For a cancellation request made on or before the statutory 14 day cancellation period, a refund may be given or a credit note issued which can be used against future course fees A 25% administration fee (of the total course fee at the time of bking) will be charged for any cancellations made outside of the statutory cancellation period Attendance Certificate OFFICES: Middle East: P.O. Box: , Abu Dhabi, U.A.E. Tel: Europe: AB25 1HF, 1Berry Street Aberdeen, Scotland, UK Tel: USA: Pennzoil Place 700 Milam, Suite North Tower Houston, Texas 77002, USA Tel: E: info@petroknowledge.com The daily course schedule should be accurately followed to ensure undeterred implementation of our training All delegates, who participated in their course throughout, will receive the Certificate of Completion on the last day Please report any foreseeable absences to a PetroKnowledge representative or to your sponsors directly An absence of three (3) or more sessions of the course will invalidate your eligibility for the Certificate of Completion Follow us on: