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PetroSync - Cost Engineering Intensive
The document outlines a Cost Engineering Intensive course offered by Petrosync from September 28 to October 1, 2015, in Kuala Lumpur, Malaysia, aimed at professionals involved in cost estimation, cost control, and project planning in various heavy industries. Led by Ko Des Bouvrie, an experienced technical director with over 30 years in the field, the course aims to enhance understanding of cost estimation methodologies, project lifecycle estimating, and risk identification. Participants will engage in practical exercises and case studies, receiving a certificate of attendance upon completion.
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PetroSync - Cost Engineering Intensive
- 1. Petrosync Distinguished Instructor CostEngineeringIntensive Learnthepractical methods&Industry’s BestPracticesthrough casesyoucanapplyin realworldsituation! Kodes 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 isthe 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 approachesto 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 Understandingengineering 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 developedafter 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.
- 6. Group Discount isbased on Standard Price * For 7 or more delegates, please inquire for more attractive package. * Important: Please note that registration without payment will incur a SGD 200 administration fee. 1st Delegate Name Direct Line Number: Email: Job Title: Department: Head of Department: Company:____________________________________________ Industry : __________________________________ Address: _______________________________________________________Postcode: _________________________ Country: ________________________Email: __________________________________________________________ Attention Invoice to: ______________________________________________________________________________ Direct Line Number: ______________________________ Fax: _____________________________________________ PA ET ODS ATESDETAILS Please note: - Indicate if you have already registered by Phone Fax Email Web I agree to PetroSync’s terms & conditions,payment terms and cancellation policy. 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Confirmation S PAC A S InvestmentPackage Standard Price 25thSep2015 D$ 4,995 roup Discount (3 or more Delegates) 10% discount for groups of 3 registering from the same organization at the same time Early Bird Offer Deadline 25thSep2015 28thAug2015 D$ 4,795 COST ENGINEERING INTENSIVE 28th September 2015 - 01st October 2015 at Kuala Lumpur, Malaysia DETAILS C LTA T Name : Cay Aagen Email : registration@petrosync.com Phone : +65 6415 4500 Fax : +65 6826 4322 TE SA C ITIO - For Payment by Direct TelegraphicTransfer, client has to bear both local and oversea bank charges. - For credit card payment, there is additional 4% credit card processsing fee. Please note that trainers and topics were confirmed at the time of publishing; however, PetroSync may necessitate substitutions, alterations or cancellations of the trainers or topics. As such, PetroSync reserves the right to change or cancel any part of its published programme due to unforeseen circumstances. 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