Cost Management - CM - In House Training

This in-house training programme can be customised to meet your specific requirements. It typically covers:

• Defining costs, classifications and terminology in an oil and gas senseClassifying the different costs
• Determining cost objects, cost drivers and their behaviors
• Assigning costs for an E&P company
• Analyzing different types of Cost management systems
• Measuring activities and their performance
• Using Activities Based Management (ABM) to monitor costs and processes
• Building and using an activity dictionary
• Using value added costs versus non value-added costs for improvement
• Tying costs to revenues to more effectively measure profits
• Distinguishing between cost effectiveness and cost efficiencies
• Using 4 dimensional costs
• Developing productivity measurements that workOperating Cost ManagementUsing the budgets efficiently and effectively
• Using GAP analysis in measuring productivity of costs
• Support departments cost allocations
• Transfer pricing
• Determining the break-even cost and volumes
• Using variance analysis budget for monitoring performance
• Measuring and controlling productivity
• Optimizing the supply chainCapital Cost ManagementCapital investment decision making and the effect on cost management
• Developing and analyzing capital investment projects
• Replace versus maintain
• Life Cycle Costing
• Analytical techniques for managing costs
• Managing personnel, logistics, purchasing and material costs effectively
• Sensitivity Analysis for optimizing costs
• Using different scenarios to more effectively manage costsPerformance MeasurementUsing capacity management techniques
• Incorporating HSSE into the cost management system
• Defining preventive and reactive costs
• Breaking down the audit of performance management results
• Raising your own cost management awareness

See detailed overview