Cost and Schedule Estimation for Subsea Projects

About the Course

This is a comprehensive two-day programme designed to provide professionals with the knowledge and skills needed to seamlessly integrate renewable energy sources into electrical grids. This course offers a deep dive into the latest innovations, challenges, and solutions in renewable energy integration, with a focus on wind and solar power. Participants will engage with a mix of theoretical insights and practical case studies, gaining a robust understanding of grid systems, regulatory frameworks, and market mechanisms. 

The first day begins with an introduction to grid systems and renewable energy integration, exploring the fundamentals of electrical grid structure and functionality. Participants will learn about the role of transmission and distribution in grid operations and how these have evolved to accommodate renewable energy sources. The course will cover integration techniques for wind and solar energy, including technological advancements and successful case studies from around the world. 

The second day addresses the technical challenges of integrating intermittent renewable energy sources like wind and solar. Participants will explore solutions for managing variability, such as energy storage and demand response strategies, and learn about the latest innovations in grid technologies that enhance integration. The course will also delve into regulatory and compliance issues, providing insights into global regulatory frameworks and their impact on renewable energy projects. 

Throughout the programme, participants will engage in interactive workshops and group projects to apply their knowledge to real-world scenarios. By the end of the course, attendees will be well-equipped to navigate the complexities of renewable energy integration, ensuring grid stability, optimising power quality, and contributing to the development of sustainable energy systems. 

Who's it for

• Investors: Identify and capitalise on promising opportunities within the renewable energy sector.

• Energy professionals: Gain comprehensive insights into renewable energy technologies to enhance strategic planning and implementation.

• Sustainability officers: Develop expertise in renewable energy integration to drive sustainability initiatives within organisations.

• Policy makers: Understand the economic and regulatory impacts of renewable energy integration to create effective policies. 

• Grid operators and utility managers: Learn practical solutions for integrating renewable energy sources into electrical grids and maintaining grid stability. 

Learning Objectives

• Understand the fundamental principles of electrical grid systems and renewable energy integration.

• Gain in-depth knowledge of the latest technologies and techniques for integrating wind and solar power into electrical grids.

• Analyse global regulatory frameworks and compliance issues impacting renewable energy projects.

• Develop strategies for managing the variability of renewable energy sources, including energy storage and demand response.

• Apply practical solutions to real-world challenges in renewable energy integration through interactive workshops and group projects. 

Course Content

Learning Outcomes

Upon completion of this course, participants will be able to:

• Explain the importance of cost and schedule estimating for subsea projects
• Describe the methods of preparing cost and schedule estimates
• Detail the sources of data for the preparation of cost and schedule estimates
• Identify the appropriate level of accuracy for cost and schedule estimates
• Gain an appreciation of how to derive an appropriate level of contingency for cost and schedule estimates
• Summarise the basic use of Monte Carlo simulations for cost and schedule estimates