Introduction
Cost control within the Oil & Gas Industry presents certain challenges. Costs must be managed without compromising either safety or production. This innovative GLOMACS Cost Planning, Control & Optimization in a Major Oil & Gas Company online training course presents the delegates with practical tools and techniques which can easily be applied right now within their company and work. It also introduces delegates to emerging tools and techniques to develop for the future.
This online training course will help the delegates to save their employers money without damaging the business. This Cost Planning, Control & Optimization in a Major Oil & Gas Company training course will feature practical, engaging, and innovative techniques from different organisations. This online training course will also help the delegates to identify and deliver savings without damaging performance, capability, strategy, delivery, or safety.
Objectives
As a result of this Cost Planning, Control & Optimization in a Major Oil & Gas Company online training course, delegates will gain better control of costs and it will provide opportunities for immediate savings and long term sustainable saving for the organisations. Delegates will be engaged, challenged, and motivated to make a significant difference within their organizations.
By the end of this online training course, participants will be able to:
- Proactively manage costs
- Seek opportunities for cost reduction
- Effectively control costs
- Make better use of cost budgets, plans and forecasts
- Understand project appraisal
- Control costs with projects
Training Methodology
This online training course will utilize a variety of proven online learning techniques to ensure maximum understanding, comprehension, retention of the information presented. The training course is conducted Online via an Advanced Virtual Learning Platform in the comfort of any location of your choice.
Organisational Impact
By attending this Cost Planning, Control & Optimization in a Major Oil & Gas Company online training course, participants will provide benefits for their organization through the following:
- Participants will develop a set of transferable skills which will improve their powers of cost planning helping the company to increase profit, improve cash flow whilst minimizing costs and risk
- The new skills will help them to make more informed and hence better management decisions
- The use of practical case studies and illustrations of real companies will help delegates understand how to apply different planning, forecasting and analysis techniques in a work situation
- The knowledge gained can be shared amongst other departments of the company to improve the financial culture of the entire organisation
- Strategic Thinking and Appreciation of the links between costing, budgets, and Strategic Financial Plans
- Application of Effective Forecasting Techniques
- Identification of the most appropriate Financing and Optimal Capital Structures
- Development of Modern Approaches to Costing, Planning, Budgeting and Budgetary control
- Capital Investment appraisal, Cash Forecasting and Budgeting
Personal Impact
- Develop an understanding of today’s major issues in cost planning and control
- Develop your professional skills, powers of analysis, evaluation, and decision-making
- Be able to make more informed and hence better planning, budgeting, and cost reduction techniques
- Make improved finance and capital budgeting decisions, which will increase your importance to your organization
- Absorption Costing, Marginal Costing and Cost-Volume-Profit (CVP) Analysis, Activity Based Costing (ABC), and Activity Based Management (ABM)
- Application of Discounted Cash Flow (DCF) techniques of Net Present Value (NPV), Internal Rate of Return (IRR), Modified Internal Rate of Return (MIRR), Equivalent Annual Cost (EAC), and the Profitability Index (PI) for Capital Project Investment Appraisal and Capital Budgeting
- Be able to identify areas in which they may be able to contribute to improvements in the financial performance of your company which will help improve your career development
Who Should Attend?
This GLOMACS Cost Planning, Control & Optimization in a Major Oil & Gas Company online training course is essential for many professionals but especially for managers with financial responsibility for departments or projects or those who are involved in the analysis of costs to support decisions within the business.
This online training course is suitable for a wide range of professionals but will greatly benefit:
- Finance Managers
- Budget Holders
- Project Managers
- Professional Engineers
- People providing direct support to the above