Customised Training

Cost Engineering, Risk Management and Earned Value Management

Date26 - 28 Sep 2018
Course FeeUSD 2950 per participant
* 15% Discount for Early Bird Sign up

Course Overview
This programme will cover the latest techniques and practical methodologies of project cost engineering and risk management to successfully manage project cost and risk, in order to maximise business ROI in the long run. You will gain the combination of unmatched risk analysis skills, cost engineering and thorough knowledge of your project parameters and uncertainties. As well as the principles, methodologies and industry best practices in Earned Value Management. Using the knowledge to analyse project performance and to provide accurate cost and schedule forecasting, you will be able to contribute to your project's increased performance and success.


  • Develop a sound understanding of the principles, methodologies and industry best practices in Cost Engineering
  • Understand the business context, the project life cycle and the purpose of Cost Engineering in Oil & Gas projects
  • Learn to prepare cost estimates, from high-level factor estimating to very detailed equipment and bulk material cost
  • Understand the impact of project location, market environment and project execution strategy on project cost
  • Learn how to control, forecast and report the cost and progress during project execution
  • Develop the skills and knowledge to review and reconcile cost estimates
  • Understand the principles and methodologies of risk analysis and risk management
  • Learn to set up and maintain risk registers, perform cost and schedule risk analysis and execute risk mitigation
  • Work on real Oil & Gas project case studies to practice all the aspects of this master class

Target Audience

  • Cost Engineers,
  • Cost Estimators,
  • Cost Controllers,
  • Project Managers,
  • Project Engineers,
  • Project Planners,
  • Finance Managers and
  • Executives

Course Outline

  • Cost Engineering and Risk Management
    - Estimating Definitions
    - Factor Estimating
    - Quantity Ratio Estimating
    - Parametric and Range Estimating
    - Detailed Estimating
    - Location Factors and Market Factors
    - Budgeting
    - Project Control
    - Advanced Project Control
    - Project Assurance
    - Risk Analysis Introduction and Definitions
    - Risk Management
    - Schedule Risk Analysis
    - Integrated Cost and Schedule Risk Analysis

  • Earned Value Management
    - Definitions and Principles
    - Earned Value Analysis
    - Monitoring
    - Reporting
    - Advanced Earned Value Management

Trainer Profile

Richard Slingerland is a Certified Cost Engineer and a former Board Member of the Dutch Association of Cost Engineers. He is the owner of Pareto Cost Consultancy, a company specialised in cost estimating, project economics, estimates and schedule assurance reviews, project control, benchmarking and value engineering. Richard has more than 15 years of industrial experience in consulting oil & gas projects, both upstream and downstream. For almost ten years, Richard worked in various Shell locations including the Hague, Netherlands, Malaysia and Central America.

List of Achievements
• Cost Engineering Services to Shell and the third party for large projects up to a CAPEX of more than USD 10 billion for upstream and downstream projects in the Asia Pacific Region.
• Exploration and production cost engineering focal point for the Asia Pacific Region
• Lecturer of Shell's Project Academy, Cost Engineering courses and several Shell exploration and production courses.

For more information, please contact our Sales Consultant (Mr Vincent Lai) at +65 9852 3688 (Whatsapp) or

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