Project Cost Engineering & Risk Management

Salvo Global’s Project cost engineering course will equip participants with the skill and knowledge to control cost in their projects. They will learn the foundation of cost estimating, cost control and planning. It is recognised that improving cost engineering capabilities within industry contributes to the development of affordable products and technologies. There is growing demand at local, national and international levels to impart cost and affordability engineering knowledge to support organisations that seek high quality cost engineers.

Cost Engineering and Risk Management program will cover the latest techniques and practical methodologies of project cost engineering and risk management to successfully manage project cost and risk, in order to maximize business ROI in the long run. You will gain the combination of unmatched risk analysis skills, cost engineering and thorough knowledge of your project parameters and uncertainties.

Top Learning Objectives

  • Master the methodologies of project cost engineering to maximize business return of ROI
  • Learn to prepare cost estimates and cost reduction strategies from high level factor estimating to a very detailed equipment material cost
  • Understand the business context, project life cycle and the purpose of cost engineering
  • Discover the principles and methodologies of risk analysis and execute risk mitigation
  • Identify and apply the techniques to control, forecast and report the cost and monitor project performance
  • Grasp the impact of project location, market environment and project execution
  • Determine how to control, forecast and report the cost and progress during project execution
  • Develop the skills and knowledge to review and reconcile cost estimates

Who Should Attend?

This course is developed professionals who are involved with cost management and who wants to enhance their knowledge and skills in project cost analysis and risk management: 

  • Cost Engineers
  • Cost Estimators
  • Cost Controllers
  • Project Managers
  • Project Engineers
  • Project Planners
  • Finance managers
  • Finance Executives

Trainer's Background

He 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. He has more than 20 years of industrial experience in consulting oil & gas, power and utilities, construction and manufacturing.


  • 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.

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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.

(Project Portfolio Custodian)