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Cost and schedule estimation for subsea projects - Oil and Gas
Virtual classroom
Available dates:
19-22 April 2022 (half days am)
Specialisation course
About the course
This course provides an overview of cost and schedule estimation for subsea projects. Learners will discover how to prepare cost and schedule estimates for subsea projects. They will learn about the different types, detail and accuracy of cost and schedule estimates and how they vary depending on the project phase. Furthermore, learners will gain an understanding of the economic evaluation methods including Monte Carlo simulations and real options and how to derive the appropriate levels of contingency.
This course is essential knowledge for those wishing to become involved in cost and schedule estimating for subsea projects.
At a glance
Available dates
19-22 April 2022 (half days am)
Duration
2 days (14 study hours)
Location
Virtual classroom
Level
Specialisation
Price
£1,500 plus VAT
Early Bird
Book up to six weeks in advance of the start date of your chosen course to take advantage of the Early Bird discount
Learning outcomes
- 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
Course structure
Day by day content
Day one
Introduction to subsea projects
- Subsea developments
- Subsea components
- Subsea configurations
- The project lifecycle
- The importance of cost and schedule estimating
Cost estimation of subsea projects
- Cost categories
- Estimating accuracy
- CAPEX estimating
- Allowances and contingencies
- Phasing and escalation
- OPEX estimating
Schedule estimation of subsea projects
- Key processes
- Work breakdown structure
- Managing the schedule
Day two
Cost and schedule evaluation methods
- Project economics
- Pre and post approval activities
- Economic evaluation methods
- Sensitivity analysis
- Monte Carlo simulation
- Real options
Case studies
- Economic evaluation
- Monte Carlo simulation
Integrative cost and schedule estimating exercise for a deepwater prospect
TESTIMONIALS
What past delegates have said about our courses
Thanks to this course you gain new insight, shift perspective and gain a greater awareness of the rules, processes and methods for subsea pipelines designing. Highly recommended
—Dominika Maziarz, Graduate
Excellent delivery of the course by one of the most experienced persons in the subsea cable industry
—Anonymous
Cost and schedule estimation for subsea projects - Oil and Gas
Book now and choose the dates of the course you wish to attend on the next page