Cost Engineering in the Oil and Gas Industry: Online 

Course structure Delivery is purely online which means that no travel or subsistence costs are incurred.Organisations can train their cost engineers on-site without losing valuable time away from work. The course is interactive with a tutor available throughout the learning experience and there is a significant level of networking and interaction with other delegates through the examined discussion board and the group project module. Practical knowledge is gained and exchanged through several case studies and the group project. There are six modules, two weeks per module and about five hours per week.
What you will learn

• Understand the nature of the oil and gas industry, the management of projects and costs and their relationship to the strategy of the business
• Be familiar with how to organise and plan an estimate, apply different estimating techniques and the relationship to the design and life cycle of a project
• Know how to collect, manage, access, use and develop cost data
• Be aware of cost control methods and reporting structures including earned value management techniques
• Know the principles of uncertainty and risk and the estimation and management of contingency.

The key learning points are:

• The oil and gas industry
• The importance of cost as a business driver
• Planning and organising an estimate
• Different estimating techniques
• Management and use of cost data
• Parametric data and regression analysis
• Controlling, reporting and managing costs
• Applying earned value management techniques
• Evaluating and managing contingency
• Qualitative and quantitative risk management.