Course description

The course provides an understanding of the basics of cost engineering including the data requirements for realistic cost estimation.

In the course, extensive use is made of case studies and ‘hands-on’ use of state-of-the-art industry standard cost-engineering software within the recently opened COST STUDIO®. Industry speakers from various organizations will contribute to the course.

Post-course training delegates will be offered membership to ‘Cost 360’, which provides free on-going post-training support through access to resources within the COST STUDIO®

Audience

Engineers and cost estimators from the oil and gas industry involved in estimating and bidding for business.

Prerequisites

Course content

  • introduction to the oil and gas industry
  • hands-on training for developing cost estimates
  • parametric estimating tools
  • cost control
  • use of cost engineering software
  • whole life cycle cost
  • Risk and uncertainty.

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