Petroleum Budgeting and Performance Workshop - PBP - In House Training

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

• Defining the budget terms, classifications and terminology in an oil and gas sense
• Classifying the different budgets, OPEX, CAPEX, Revenues, Cash budget
• Tools and techniques for determining inputs to the budget process
• Analyzing different types of budget management systems
• Tying costs to revenues to more effectively measure performance
• Determining the break-even cost and volumes
• Using the budgets efficiently and effectively
• Budget monitoring tools and approaches
• Using variance analysis to monitor every line item of your budget
• Budget estimation techniques
• Operating Budget Management - Determining the inputs for the different operating budgets
• Using different techniques to create the budgets
• Using non-financial measures to make the budgets more effective
• Support departments budgets
• Developing budget standards
• Optimizing the budget process
• Capital Budget ManagementWhat makes up the capital budgets
• Approval processes
• Developing and analyzing capital investment projects
• Replace versus maintain
• Analytical techniques for managing costs
• Sensitivity Analysis for optimizing costs
• Using scenario analysis to more effectively manage budgets
• Earned Value Management (EVM)
• Cash Budget Management - Tie the budgets together to build the cash budget
• Analyzing capital investment projects
• Tools for adjusting the cash budgets
• Performance Measurement - Key Performance Indicators characteristics
• Developing Key Performance Indicators (KPI)
• Analysis incorporating financial and non-financial measures
• Leading and lagging indicators
• The Balanced Scorecard that works
• Evaluation of performance measures
• Benchmarking
• Raising your own performance management awareness

See detailed overview