Capital Budgeting and Cost Control for Professionals in the Oil and Gas & Energy Sector - AKSINOSIA(Akselerasi Inovasi Asia)

Capital Budgeting and Cost Control for Professionals in the Oil and Gas & Energy Sector

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The three-day course provides a comprehensive understanding of capital budgeting principles and cost control strategies specifically tailored for professionals working in the oil and gas and energy projects. It combines theoretical concepts with practical applications and case studies to enhance participants' decision-making skills and project management efficiency.

Tanggal 21-23 Agustus 2023, Pukul 18.30 - 21.30 WIB via Zoom Meeting

Investment is only IDR 5,750,000 excluding tax

Day 1: Capital Budgeting Fundamentals

Session 1: Introduction to Capital Budgeting

  • Overview of capital budgeting in the Oil and Gas & Energy sector
  • Importance of efficient capital allocation for energy projects
  • Key financial concepts and techniques used in capital budgeting

Session 2: Investment Appraisal Techniques

  • Time Value of Money (TVM) principles and applications
  • Net Present Value (NPV) analysis for energy projects
  • Internal Rate of Return (IRR) and its significance in decision-making

Session 3: Evaluating Energy Project Risks

  • Identifying project risks and uncertainties
  • Incorporating risk analysis into capital budgeting decisions
  • Sensitivity analysis and scenario modeling

Day 2: Advanced Capital Budgeting and Project Cost Control

Session 1: Capital Budgeting for Complex Energy Projects

  • Evaluating large-scale projects with multiple stages
  • Understanding the role of real options in energy project evaluation
  • Handling strategic and operational flexibility in decision-making

Session 2: Project Cost Estimation and Control

  • Estimating project costs and creating budgets
  • Techniques for cost control and variance analysis
  • Managing cost overruns and deviations during project execution

Session 3: Integrating Environmental and Social Costs in Capital Budgeting

  • Incorporating Environmental, Social, and Governance (ESG) factors in decisionmaking
  • Sustainable investment considerations in the Oil and Gas & Energy sector
  • Calculating the social cost of carbon and other externalities

Day 3: Optimizing Capital Allocation and Cost Management

Session 1: Capital Rationing and Resource Allocation

  • Managing limited capital resources effectively
  • Techniques for prioritizing and selecting energy projects
  • Balancing risk and return in capital allocation decisions

Session 2: Project Performance Evaluation and Monitoring

  • Key performance indicators (KPIs) for energy projects
  • Tracking project performance and revisiting investment decisions
  • Continuous improvement and lessons learned

Session 3: Cost Optimization Strategies in Energy Projects

  • Identifying cost drivers and cost reduction opportunities
  • Implementing cost optimization initiatives without compromising quality
  • Case studies of successful cost control practices in the energy industry

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