Project Cost Engineering, Risk Management & EVM

Salvo Global’s Project Cost Engineering, Risk Management & EVM course will equip participants with the skills and knowledge to control the costs of their projects. They will learn the foundations of cost estimating, cost control, and planning. It is acclaimed that improving cost engineering capabilities within the 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 seeking high-level cost engineers.

Cost Engineering and Risk Management (Day 1 – 3) 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.

Earned Value Management (Day 4 – 5) program will cover the principles, methodologies and industry best practices in Earned Value Management. Using the knowledge to analyse project performance and to provide accurate cost and schedule forecasting, you will be able to contribute to your project’s increased performance and success.

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 and 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
  • Determine how to control, forecast and report the cost and progress during project execution
  • Develop the skills and knowledge needed to review and reconcile cost estimates

Who Should Attend?

  • 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 with over 25 years of experience in consulting and training
  • He is the owner of Pareto Cost Consultancy; a company specializing in cost estimating, project economics, estimate & schedule assurance reviews, project control, benchmarking and value engineering
  • He has more than 30 years of industrial experience in consulting oil & gas, power and utilities, construction and manufacturing

 

LIST OF ACHIEVEMENTS

  • 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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“I attended the trainer’s course ‘Advanced Cost Engineering and Risk Management’, which is a comprehensive training in Cost Engineering with a strong link to overall capital and risk management. He covered the project ‘big pictures’ as well as detail tools and methodologies that are useful for participants to further progress in developing their own toolsets. With my primary role in project assurance, I certainly have benefited from the training and I strongly recommend the training to anyone who is involved in capital projects!”

– General Manager, PETRONAS