Budget and Cost Control

Summary

An optimized Supply Chain Process must be controlled by structured processes of Budget and Cost Control throughout the Operations.
This course gives theory and practical examples (Business cases) of how to build and control a Budget. 
After having given the fundamentals in Cost Control, it focuses on both OPEX and Logistics which are the main elements of the Cost Control of an operational entity. On demand, Adinergy is in a position to provide the same course for Drilling activities.
This course will be delivered by a professional Cost Controller from the energy sector.

Audience

All actors involved in Budget definition and management: Head of Department, Managers and Junior Cost Controllers.

Deliverables

Upon completion of this course, the attendants will manage the fundamentals of Cost Control and be in a position to effectively and efficiently build a Budget and ensure its execution until the Closure. Through Business cases, they will study practical examples close to their activities allowing them to apply the methodology to their own Department and Budget.

Certificate

The training will be opened and closed by an online test on EvalBox. Upon completion of the training, including the test, participants will be awarded a Certificate of Attendance issued by Adinergy.

Upon request by Client, Adinergy is able to deliver a due Certification after evaluation of the Participant through the tests and the exercises. In order to be certified, the Participant will need to reach a score of a minimum 10/20.

 


Content of the Course

Cost Control Fundamentals
COC01MOD01

Cost Control Fundamentals

The Missions of Cost Control in an E&P entity. The Master...

OPEX Budget and Cost Control
COC01MOD02

OPEX Budget and Cost Control

OPEX Classification: Production / Transformation or Transportation...

Budget & Cost Control of Logistics activities
COC01MOD03

Budget & Cost Control of Logistics activities

Generic definitions of Budget and Cost Management Specifics of...

Budget and Cost Control of Drilling activity
COC01MOD04

Budget and Cost Control of Drilling activity

Cost accounting structure & Budget of well cost follow-up:...