Cost and Schedule Estimation for Subsea Projects
Mastering Cost and Schedule Estimation in Subsea Projects
Interactive Learning
Industry insights
Networking Opportunities
Networking opportunities
Network with like-minded individuals and industry experts working within cost estimation.
Jeenius
Integrative Cost and Schedule Estimating Exercises for Real-World Readiness
Module Highlights
Day 1 - Unveiling Cost and Schedule Estimation Strategies
Day 2 – Navigating Project Economics, Simulation, and Real Options
Who should attend?
Navigating the Course: Daily Breakdown
Introduction to subsea projects
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Subsea developments
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Subsea components
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Subsea configurations
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The project lifecycle
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The importance of cost and schedule estimating
Cost estimation of subsea projects
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Cost categories
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Estimating accuracy
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CAPEX estimating
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Allowances and contingencies
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Phasing and escalation
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OPEX estimating
Schedule estimation of subsea projects
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Key processes
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Work breakdown structure
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Managing the schedule
Cost and schedule evaluation methods
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Project economics
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Pre and post approval activities
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Economic evaluation methods
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Sensitivity analysis
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Monte Carlo simulation
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Real options
Case studies
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Economic evaluation
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Monte Carlo simulation
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
Meet Your Expert Tutors
Dem Demetriou
BEng (Hons), MSc, DIC, CEng, FIMarEst, MBA FCMI
With a rich professional journey spanning over two decades, Dem has established himself as a specialist in project management, facilities engineering, and strategic general management. His expertise encompasses Front-End Engineering Design (FEED), detailed and conceptual design, procurement, topsides, and construction. This extensive experience makes him a treasure trove of knowledge and practical insights, particularly in the dynamic field of subsea engineering.
In his teaching role, Dem brings this wealth of experience to the classroom. His courses are a blend of theoretical knowledge backed by real-world application, offering students a comprehensive understanding of the complexities involved in subsea engineering projects.
Phil Goby
BEng (Hons), CEng, MIMechE
Phil's career as a Senior Pipeline Engineer and Team Leader is marked by over 20 years of managing and optimising Pipeline Operations and Integrity across numerous North Sea Assets. His deep technical expertise and comprehensive understanding of industry standards have been pivotal in ensuring operations align with regulatory expectations. Notably, Phil's involvement in managing Subsea Asset acquisitions and divestments demonstrates his profound insight into the intricacies of the industry, making him an invaluable resource for practical learning and application in the field of subsea engineering.
In the classroom, Phil applies his extensive practical knowledge to provide students with a real-world perspective on pipeline engineering challenges. He adeptly bridges the gap between theoretical concepts and their practical applications, ensuring that students gain a comprehensive understanding of the subject matter.
Start Dates
Location | Start Date | End Date | Number of Days | Timings |
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Virtual (Live Instruction) |
11th June 2024 |
12th June 2024 |
2 |
09:00 to 16:30 (with regular breaks) |
Virtual (Live Instruction) |
12th November 2024 |
13th November 2024 |
2 |
09:00 to 16:30 (with regular breaks) |
Course Fee
COURSE FEE
£1,495
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Live Classes: Dive into live, interactive sessions focusing on real-time learning and discussions with peers and industry experts.
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Access to Jeenius Platform: Unlock a realm of additional resources, peer forums, and expert interactions extending your learning beyond the classroom.
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Industry Expert Interaction: Network and learn from seasoned industry professionals throughout the course, discussing real-world challenges and solutions.
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