PETROLEUM CAPITAL PROJECT COST & SCHEDULE RISK ANALYSIS Course Length:    5 Days        Buy Xanax With Visa Course Dates: May 11 – 15, 2020   Course Venue:    Calgary, Alberta, Canada

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source url Course Description:


Buy Real Valium Planning and executing a successful capital project is one of the main objectives in oil and gas industry.  A successful capital project is defined as a project completed in accordance with a given scope, within budget, and on time. Due to risks associated with complex projects, the use of probabilistic and Bayesian models for controlling cost and schedule overrun in petroleum capital projects has become very important.  This course highlights fundamental and advanced methods for forecasting time and cost of petroleum capital projects at completion and/or at any intermediate time horizon. It will also present workflows for performing quantitative cost and schedule risk analysis in petroleum exploration and production projects’ life cycle. Multiple case studies are presented to demonstrate capital project cost and schedule risk analysis processes in the upstream petroleum industry. Many practical group exercises will reinforce the concepts introduced throughout the course

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Cheap Ambient Reverb Pedal follow Who Should Attend?

follow This course is designed for reservoir engineers, geologists, geophysicists, project managers, asset managers, senior managers and those involved in one or more functions related to managing and controlling capital projects including project management, project controls, cost engineering, estimating, scheduling, etc

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source site watch What You Will Learn:
  • How to better understand a project’s risk and uncertainty, and improve the operational management of risks during the execution of project
  • Understand foundations of forecasting time and cost of petroleum capital projects
  • Understand the most important modeling techniques, methods and software tools available to perform & interpret project cost and schedule risk analyses using industry recognised software tools
  • Measure the value of seeking additional information. How to use reserves as a separate account for discrete risk events that are not under the control of project team Buy Xanax Mastercard Course Outline:
  • Introduction to the Concept of Risk and Uncertainty. Introduction to Assessing Risk and Uncertainty (Probability and Statistics; Probability Distributions; Monte Carlo Simulation). Risk Identification
  • Understanding Risk Model Results. Contingency Determination to Support Risk Management
  • Reserves Versus Contingency Cost & Schedule Risk Analysis Introduction
  • The Basic Workflows of Building Project Cost & Schedule Models. Incorporating External Influence Variables & Expert Opinions. Linking & Analyzing Cost & Schedule Models Together
  • General Best Practices
  • Case Studies. Reflection & Overall Summary