Cost engineering is the art of assigning value to that which has been or will be engineered. One key objective of cost engineering is to arrive at accurate cost estimates and schedules and to avoid cost overruns and schedule slips. Cost engineering goes beyond preparing cost estimates and schedules by supporting assessment and decision making. "The discipline of ‘cost engineering’ can be considered to encompass a wide range of cost-related aspects of engineering and programme management, but in particular cost estimating, cost analysis/cost assessment, design-to-cost, schedule analysis/planning and risk assessment." This course will help you keep the cost down for your engineering phases, but as a result you can also prevent budget overruns. A number of cases will be presented during the course to make it more practical and allow you to apply the principles you have learned.

1. Petrosync Distinguished Instructor
CostEngineeringIntensive
Learnthepractical
methods&Industry’s
BestPracticesthrough
casesyoucanapplyin
realworldsituation!
Ko des Bouvrie
Technical Director,
Cost Engineering B.V.
Over 30 years of experience on cost engineering
Consulting various heavy industries such as oil & gas, petrochemical, mining & minerals
Recipient of“Ambassador of Cost Engineering”Award
Learnhowtofindaccuratecostestimatesandhavebestcontrolofyourproject
Develop a sound understanding of the role of cost engineer in an organization
Understand the definitions and the ties between cost estimation, cost control and planning
Gain a more in-depth knowledge of various contract forms
Knowledge of estimating in each phase of the lifecycle of a project
Obtain a more comprehensive insight of estimating methodologies
Practice extensively during the training through cases in preparing estimates using various techniques
Find out how to prepare and evaluate estimates quicker and more accurately
Learn to make your own factor estimates and validate factor estimates prepared by others
Identify major cost risks of engineering
Course Objectives
Specially Designed for
The course is designed for and will benefit Cost Engineers, Cost Estimators, Cost Controllers, Project
Managers, Project Engineers, Project Planners, Discipline leads, Finance Managers & Executives and all who
are involved in technical projects, cost estimation, cost control and planning and contract review in their
organizations.
28thSeptember2015-01stOctober2015| KualaLumpur,Malaysia
Supported by

2. Cost engineering is the art of assigning value to that which has been or will be engineered. One key
objective of cost engineering is to arrive at accurate cost estimates and schedules and to avoid cost
overruns and schedule slips. Cost engineering goes beyond preparing cost estimates and schedules
by supporting assessment and decision making. "The discipline of ‘cost engineering’ can be
considered to encompass a wide range of cost-related aspects of engineering and programme
management, but in particular cost estimating, cost analysis/cost assessment, design-to-cost,
schedule analysis/planning and risk assessment."
The first day will provide basic understanding of definitions of cost estimations, cost control and
planning. The participants will be able to read cost engineering reports and put in the perspective of
the project. Second day, will provide knowledge to prepare and evaluate estimates quicker and more
accurately. This will immediately have its effect on the control you have on the cost of your project.
After Day Three, you will be able to make your own factor estimates and validate factor estimates
prepared by others. At the end of this course, the trainer will give comprehensive insight on how to
identify major cost risks of engineering.
This course will help you keep the cost down for your engineering phases, but as a result you can also
prevent budget overruns. A number of cases will be presented during the course to make it more
practical and allow you to apply the principles you have learned.
Limited Attendees
The course has limited seats to ensure maximum learning and experience for all delegates.
Certificate of Attendance
YouwillreceiveaCertificateofAttendancebearingthesignaturesoftheTraineruponsuccessfulcompletionofthecourse.Thiscertificateisproof
of your continuing professional development.
Interactive Training
You will be attending training designed to share both the latest knowledge and practical experience through interactive sessions. This will
provide you with a deeper and more long-term understanding of your current issues.
High Quality Course Materials
Printed course manual will provide you with working materials throughout the course and will be an invaluable source of reference for you and
your colleagues afterward.
Petrosync Quality
Course Overview
COST ENGINEERING INTENSIVE
28th September 2015 - 01st October 2015 at Kuala Lumpur, Malaysia
For a copy of PetroSync’sTraining Calendar for 2015, please visit : http://petrosync.com/PETROSYNC_-_Catalog_Training_Yearly_Version_-_2015_-_1.pdf
Petroleum Cost Engineering & Project Management Training Courses (April - December 2015)
20th-24thApr Cost Engineering, Risk Management & Earned Value Management Richard Slingerland
27th-29thJul
07th-11thSep
28th-01stSep
30th-02ndDec
DATE COURSE TITLE INSTRUCTOR
Analysis and Modelling for Cost, Economics & Risk Richard Slingerland
Successful Project Cost Estimation Control Larry Dysert
Cost Engineering Intensive Ko Des Bouvrie
Project & Schedule Risk Management Paul D. Giammalvo

3. Estimating methods
Different approaches to estimating
Principles of the quantitative method
Buildup of unit rates
Direct versus indirect
Case Study in preparing estimates by using various
techniques for the following disciplines:
Civil and structural
Electrical
Engineering
Instrumentation
Insulation
Painting
Piping
Scaffolding
Understanding the role of a cost engineer in an organisation
Understanding the basic definitions of cost estimation, cost
control and planning
What are sources used for cost engineering
What determines the accuracy of your estimates
Front End Loading
Life Cycle Cost method
Direct versus indirect cost
Understandingthetiesbetweencostestimation,costcontroland
planning
Understanding various contract forms
Understanding the position of estimating in each phase of the
lifecycle of a project
Project Life Cycle and estimate classifications
Desirable Project Life Cycle
Operational phase estimating approach
Estimating from initiation to close-out phase
Total Cost of Ownership
Understanding the definitions within estimating
Activity allowances
Contingency and risk assessment
Money of the Day
RealTerm / ConstantValue Money
Escalation
Understanding value Engineering
Principles
Value Engineering exercise
PetroSync understands that in current economic climate, getting an excellent return on your training investment is critical for all our clients. This
excellent training can be conducted exclusively for your organization. The training can be tailored to meet your specific needs at your preferred
location and time. We will meet you anywhere around the globe.
If you like to know more about this excellent program, please contact us on +65 6415 4502 or email general@petrosync.com
IN-HOUSE SOLUTIONS
COST ENGINEERING INTENSIVE
28th September 2015 - 01st October 2015 at Kuala Lumpur, Malaysia
Course Agenda
Day One - 28th September 2015 Day Two - 29th September 2015
PROGRAM SCHEDULE
Registration (Day 1)
Session I
Refreshment & Networking Session I
Session II
Lunch
Session III
Refreshment & Networking Session II
Session IV
End of Day
08:00-09:00
09:00-11:00
11:00-11:15
11:15-13:00
13:00-14:00
14:00-15:30
15:30-15:45
15:45-17:00
Materials to bring
Calculator and laptop with MS Excel installed
will be helpful in working exercises and case
studies.

4. Estimating of engineering
Understanding engineering activities
The terminology used within engineering
Understanding the engineering organization
The type of costs for an engineering company
Understanding different studies, e.g. HAZOP, HSE,
SIL
Engineering effort in engineering phases
Feasibility
Basic engineering
Detail engineering
Methods of estimating engineering
Based on factors
Based on metrics
Miller method
Guthrie method
Clark / Lorenzoni method
Detailed approach per discipline; based on identified
activities and deliverables
Case Study
Estimating techniques
Estimating methods
Each case will focus on applying the different methods
for each phase.
Factor estimating methods
Introduction to factor estimating
Advantages and disadvantages
Factor estimating method: 0.6 exponent or power
factor
Factor estimating method: Lang and Hand methods
Factor estimating method: improved factor method
Case Study 1: Making a factor estimate
Using plot, process flow and equipment list data only
Preparing an estimate using factor estimating method
What determines accuracy?
Quantitative estimating method
Principles
Advantages and disadvantages
Using the quantitative method to estimate disciplines
such as piping, structural steel, painting, insulation and civil
Case Study 2: Estimating with quantitative method
Using project parameters only
Preparing discipline estimates using quantitative
method
Estimating of equipment
Project phases and accuracy
Price determining parameters of equipment
Sources of pricing
Over the years, there has been a growing demand for hybrid training programs. It is an excellent option to maximize your training dollar for your
specific training needs. We make it possible to run a training program that is customized totally to your training needs at a fraction of an in-house
budget!
If you like to know more about this excellent program, please contact us on +65 6415 4500 or email general@petrosync.com
HYBRID TRAINING SOLUTIONS
COST ENGINEERING INTENSIVE
28th September 2015 - 01st October 2015 at Kuala Lumpur, Malaysia
Day Three - 30th September 2015 Day Four - 01st October 2015
Course Agenda

5. Toensurethatallobjectivesofthecoursematchesyours,allPetroSyncprograms are developed after intensive and extensive research within
the industry
PetroSync programs focus on your immediate working issues to ensure that you are able to apply and deliver immediate results in real work
situations
Application and implementation of industry knowledge and experience are the drivers for our course design, not theoretical academic lectures
PetroSynctrainingfocusesonpracticalinteractivelearningtoolsandtechniquesincludingcasestudies,groupdiscussions,scenarios,simulations,
practical exercises and knowledge assessments during the course. Invest a small amount of your time to prepare before attending the course to
ensure maximum learning
PetroSync follows a rigorous selection process to ensure that all expert trainers have first-hand, up-to-date and practical knowledge and are
leaders of their respective industrial discipline
Petrosync Distinguished Instructor
Shell
BP
Petroleum Development Oman
Qatar Petroleum
Twister Supersonic Gas Solution
COST ENGINEERING INTENSIVE
28th September 2015 - 01st October 2015 at Kuala Lumpur, Malaysia
Inpex
LyondellBasell
HydroStatoil
Alstom Power
Bluewater Energy Services
Ko des Bouvrie
Technical Director,
Cost Engineering B.V.
Over 30 years of experience on cost engineering
Consulting various heavy industries such as oil & gas, petrochemical, mining & minerals
Recipient of“Ambassador of Cost Engineering”Award
Ko des Bouvrie is the Technical Director of Cost Engineering B.V. He has more than 30 years of cost engineering experience in
consulting various heavy industries such as oil and gas, petrochemical, mining & minerals, chemical, construction, pharmaceutical,
government and heavy industry among others.
Ko started his career in Engineering at Badger, He worked at AMEC as a coordinator for several principals, such as Shell The Hague,
DSM Delft and NAM, specializing in cost engineering. He is also involved with all maintenance, activities concerning cost engineering
and arbitration business. Since 1992, he has been a member of NAP/DACE and also a member of AACEI, AcostE and different special
interest groups related to cost engineering. He teaches cost engineering at the Cost Engineering Academy and has spoken at various
international conferences in the related field.
Cost Engineering B.V. was founded in 1996 as an independent cost engineering company, integrating a unique combination of
technical engineering and costing techniques in their advice to their clients. Ko and his team has been actively involved in several
projects which have been executed by Cost Engineering such as asset verification for a large refinery built between the fifties and
now for a total value of 9 billion Euros. He was also responsible for various cost engineering projects in partnership with a number of
large and smaller engineering firms for projects ranging from millions up to over a billion Euros.
Apart from consulting, the company also has a Cost Engineering Academy that provides training of various levels to those with
specific responsibility for cost estimation, cost control and planning in their organizations. Cost Engineering Consultancy has also
developed their own multi disciplinary estimating system called Cleopatra Enterprise. Currently, Cleopatra Enterprise is used in
several different continents.

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roup Discount
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COST ENGINEERING INTENSIVE
28th September 2015 - 01st October 2015 at Kuala Lumpur, Malaysia
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