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Project Cost Management Certification

Project Cost Management Certification

7 days
This course is not scheduled.
Who should attend?


    • Engineers involved in Oil & Gas Downstream projects.


  • Foundation
  • Estimating and controlling the cost of Oil & Gas Downstream projects.
Learning Objectives
  • Upon completion of the course, participants will be able to:
  • estimate the cost of a project at its various stages, using an accurate database,
  • evaluate the accuracy of this cost estimate and the main risks of cost overrun,
  • contribute to project cost optimization and value engineering,
  • control the cost and schedule of a project during execution.
Course Content


4 days

  • Cost structure, cost types, WBS.
  • The various methods used to estimate a project CAPEX.
  • Financial risk management, project budget impact.


3 days

  • Value engineering, economic evaluation of the project and of the alternates.
  • Cost control during the execution stages.
  • Progress control, schedule management, relationship between cost and schedule.
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Ways & Means
  • Each type of estimating method is illustrated by a practical cost estimating exercise (possibly on Excel).
  • Use of Internet references (AACEI, Oil & Gas Journal, well-known software tools and databases).
  • Group discussions to share feedback experience from participants on actual projects.
  • CAPEX cost database up-to-date and realistic.
  • An international recognition of your competencies.
  • A Advanced Certificate is obtained.
  • An expertise confirmed in Project Cost Management Certification.
  • Ready-to-use skills.