Designed to provide comprehensive of the fundamentals of estimation & control, this masterclass covers many subtle and advanced estimating & control concepts for specific industry like Oil & gas which are “equipment-centric”, and this influence is important in the selection of estimating methodologies and techniques used in estimate preparation. This process will be covered from both the contractor and owner’s points of view, noting the similarities and differences in the respective approach of each. An emphasis will be placed on examining the conceptual estimating methodologies that can assist in preparing accurate estimates at early design stages of project. The cost control process will be based on the concept of Plan-Do-Check-Assess of total cost management framework.

1. ImproveYourCostAccuracywiththeUltimateGOLDStandardofCostEngineering
SuccessfulProject
CostEstimation&ControlCostEstimation&Control
Testimonials
Petrosync Distinguished Lecturer
Larry R. Dysert
CCC CEP
Chair of Technical Board AACE International
Association for the Advancement of Cost Engineering
Over 30 years of global experience in cost estimating & controls
Chair of AACE International Technical Board, AwardWinner & Fellow of
AACE International
International Consultant & Trainer for Saudi Aramco, Shell, Exxon, GS
Construction, Petronas, Chevron, PTTEP, ConocoPhillips
Managing Partner of Conquest Consulting Group, USA
Approved Education Provider of AACE International
Responsible for cost estimation & controls and projects small & big with
the biggest project up to USD $25 billion!
LeadingCostEngineeringLeadingCostEngineering
FrameworkWorldwide!FrameworkWorldwide!
7th-11thSeptember2015, KualaLumpur,Malaysia
Supported by
“A real great course!” AKER SOLUTIONS
“Very practical approach and training examples. Thus, easy to understand and be applied to day to
day cost estimation.” NEWFIELD
“This training is very useful and relevant to my daily job and provide two different perspective,
owner’s and contractor’s point of view.” PETRONAS
“Good trainer makes a difference.” PETRONAS RESEARCH
“Petrosync is one persistant and most organized organizer of trainings.” PETRONAS CARIGALI
“Practical insights which you can’t find in text book. Topic coverage is comprehensive!.” PETRONAS
“This course provides me detail knowledge to prepare estimation and cost control. ” SMB OFFSHORE
“Better understanding in cost managing/tracking for small/medium/large project.” SHELL
“Great course with very experienced instructor.” SHELL

2. Designed to provide comprehensive of the fundamentals of estimation & control, this masterclass covers
many subtle and advanced estimating & control concepts for specific industry like Oil & gas which are
“equipment-centric”, and this influence is important in the selection of estimating methodologies and
techniques used in estimate preparation.This process will be covered from both the contractor and owner’s
points of view, noting the similarities and differences in the respective approach of each.
An emphasis will be placed on examining the conceptual estimating methodologies that can assist in
preparing accurate estimates at early design stages of project.The cost control process will be based on the
concept of Plan-Do-Check-Assess of total cost management framework.
This course is intended for
Cost Estimators
Cost Engineers
Cost Controllers
Quantitative Surveyor
DRIVEaconsistentandeffectiveprocessacrosstheexecutionofallprojectsthenimprovetheresults
of the entire portfolio of projects
UNDERSTAND the AACE International best practices framework for Cost Engineering
CAPITALIZE onTCM cost engineering practices to increase your cost engineering accuracy
GAIN more in-depth knowledge of cost engineering estimation and control terminology
UNDERSTAND the different requirements for estimating throughout the project life cycle
OBTAIN a comprehensive understanding of estimating methodologies used throughout the project
lifecycle, and when to use them
UNDERSTAND how progress measurement, performance assesment, realistic forecasting, and
effective change management contribute to project success
Project Director
Project Head
Project Manager
Project Engineer
Course Objectives
Specially Designed for
Course Overview
08:00–09:00 Registration (Day1)
09:00–11:00 Session I
11:00–11:15 Refreshment & Networking Session I
11:15–13:00 Session II
13:00–14:00
14:00–15:30 Session III
15:30–15:45 Refreshment & Networking Session II
15:45–17:00 Session IV
17:00 End of Day
PROGRAM SCHEDULE
Lunch
Successful Project Cost Estimation & Control
7th-11th September 2015 in Kuala Lumpur, Malaysia

3. 1
Conceptual Estimating Methodologies
Analogy Estimating
Capacity Factoring Estimating
Exercise1-CapacityFactoredEstimateforProcessEquipment
Exercise2-CapacityFactoredEstimateforProcessUnit
Equipment Factored Estimating
Exercise3-EquipmentFactoredEstimateforProcessUnit
Parametric Estimating
Other Conceptual Estimating Methods
Total Cost Management Process
TCM as a Process and Reference Model
Strategic Asset Management Process
Project Control Process
Asset and Project Lifecycles
Organization and Leadership forTCM
Capital Investment
Option Identification and Development
Decision Making and Risk Management
COURSE AGENDA
Estimating Introduction
Capital Project Process and Estimate Classification
Estimate PreparationWorkflow
Structuring the Estimate
Overview of Estimating Methodologies
Day One: Total Cost Management Overview
Day Two: Cost Estimating
Successful Project Cost Estimation & Control
7th-11th September 2015 in Kuala Lumpur, Malaysia
Project Control Process
Scope Development and Execution Strategy
Planning and Control Baseline Development
Project Performance Measurement and Assessment
TCM Knowledge Management
Project Planning
Establishing and Communicating Goals and Objectives
Estimating Uncertainty
Estimate Contingency
Risk Analysis
Escalation
Presenting the Estimate
Estimate Quality Management
Estimate Review/Validation
Exercise4-EstimatePreparationforSampleProject
Estimating Knowledge Management
Issues with Estimating Mega-Projects
Day Three: Cost Estimating
Biases in Estimating
Detailed Estimating
Detailed Estimating Activities
Estimate Quantification
Equipment Estimating
Labor Rates/Labor Productivity
Cost/Pricing/Allowances
Estimate - Schedule Integration
Reliability Limitations/Estimate Accuracy

4. Total Cost Management (TCM) Overview
TCM as a Process and Reference Model
Strategic Asset Management Process
Project Control Process
Planning
What,Where, How,When,Who, How Much?
Project Definition
Decomposition
Work Breakdown Structure
Organization Breakdown Structure
Cost Breakdwon Structure
Establishing Baselines
Cost Baseline
Schedule Baseline
Budgeting
Accounting Budget vs. Project Budget
Original Budget vs. Current Budget
Conversion of Cost Estimate to Baseline Project Control
Budget
Exercise5-PreparationofProjectControlBudget
Exercise6-PrepareQuantityAdjustedControlBudget
Time-Ohase (Cash Flow) Budgeting
Cost Accounting
Original Budget
Approved Scope Change
Budget Shift
Current Budget
Commitment
Expenditure
Accrual
Incurred Cost
Currency Issues
Performance Measurement
Physical Progress Measurement and EarnedValue
Physical Progress Measurement Methods
Units Completed
Weighted Units Completed
Start Finish
Incremental Milestone
Level of Effort
Judgement
Day Four: Cost Control
COURSE AGENDA
Successful Project Cost Estimation & Control
7th-11th September 2015 in Kuala Lumpur, Malaysia
WHYYOUSHOULDATTENDPETROSYNC’SEVENTS
To ensure that all objectives of the course matches yours, all PetroSync programs are developed after intensive and extensive research
within the industry
PetroSync programs focus on your immediate working issues to ensure that you are able to apply and deliver immediate results in real work
situations
Applicationandimplementationofindustryknowledgeandexperiencearethedriversforourcoursedesign,nottheoreticalacademiclectures
PetroSync training focuses on practical interactive learning tools and techniques including case studies, group discussions, scenarios,
simulations,practicalexercisesandknowledgeassessmentsduringthecourse.Investasmallamountofyourtimetopreparebeforeattending
thecoursetoensuremaximumlearning
PetroSync follows a rigorous selection process to ensure that all expert trainers have first-hand, up-to-date and practical knowledge and are
leadersoftheirrespectiveindustrialdiscipline

5. Performance Analysis
Variance Analysis
CostVariance
ScheduleVariance
Performance Indices
Cost Performance Index
Schedule Performance Index
Exercise7-PerformanceAnalysis
Determination of Cause forVariance
Performance Reporting
Forecasting
Forecast at Completion (Estimate at Completion)
Forecast Calculation Methods
Assume Performance to Date
Assume Budgeted Performance
Calculate Estimate to Complete
Hybrid Methods
Exercise8-ForecastDetermination
Change Management
Change Management Principles
Identification of Change
Categorization of Change
Determining Impact of Change
Determining Impact of Cumulative Change
Change Management Procedures
Change Mangement Monitoring & Reporting
Risk Fund Management
Contingency Drawdown
Reserve Management
Exercise9-ContingencyDrawdown
Day Five: Cost Control
FOCUSED TRAINING • REDUCED COST • ENHANCED RESULTS
Over the years, there has been a growing demand for hybrid training programs. It is an excellent option to maximize your training dollar for your
specifictrainingneeds.Wemakeitpossibletorunatrainingprogramthatiscustomizedtoyourtrainingneedsatafractionofanin-housebudget!
Ifyouliketoknowmoreaboutthisprogram,pleasecontactuson+6564154500oremailgeneral@petrosync.com
HYBRIDTRAINING SOLUTIONS
Successful Project Cost Estimation & Control
7th-11th September 2015 in Kuala Lumpur, Malaysia
COURSE AGENDA
Limited Attendees
The course has limited seats to ensure maximum learning and experience for all delegates.
Certificate of Attendance
You will receive a Certificate of Attendance bearing the signatures of the Trainer upon successful completion of the course. This certificate is proof of
your continuing professional development.
Interactive Training
You will be attending training designed to share both the latest knowledge and practical experience through interactive sessions. This will provide
you with a deeper and more long-term understanding of your current issues.
High Quality Course Materials
Printed course manual will provide you with working materials throughout the course and will be an invaluable source of reference for you and your
colleagues afterward.
Petrosync Quality

6. Mr. Larry R. Dysert, CCC CEP has over 30 years of professional experience in estimating, management ,
project consulting and training experience in a wide variety of industries. Larry is the managing partner in
Conquest Consulting Group, providing consulting services to process industry owners on recommended
best practices for estimating, project controls, and project benchmarking. Larry has been responsible for
the preparation of conceptual and detailed estimates for capital porjects, domestic and international,
ranging to over $25 billion in size.
Active in AACE International, Larry is currently serving as the Chair of AACE’s Technical Board. Larry is also a
Fellow of AACE International, a recipient of AACE’s Total Cost Management Award, a recipient of AACE
Award of Merit, and an Honorary Lifetime Member. Larry was the Chair for the task force that developed
AACE’s Certified Estimating Professional Program.
Larry has specialized in estimates of various project size, strategic importance, utilizing new technologies,
and those involving in the use of parametric estimating methodologies. Larry has presented training
seminars in estimating, cost metrics analysis, risk analysis and Total Cost Management to process industry
companies around the world.
Over30yearsofprojectestimating,management,consultingandtrainingexperience
Providecostestimatereviewsandvalidationforlargeandstrategicprocessindustryestimates.
CertifiedCostProfessional&CertifiedEstimatingProfessionalfromAACEInternational
US $20 billion integrated oil sands facility in Canada
Estimate review for US$2.5 billion grass-roots in-situ
bitumen production facility using steam-assisted gravity
drainage technology in Alberta
Global investment modeling for an alternative energy
company using proprietary gasification technology
Cost auditing of engineering services for a US$1 billion
chemical manufacturing facility
Kodak environmental remediation projects
DOE Hanford nuclear waste & facility cleanup
Saudi Aramco SASOL (South Africa)
Shell Petro-Canada
Exxon Kodak
Chevron DOE (Washington)
Petronas Nova Chemical
PTTEP Syncrude (Canada)
Eastman Kodak Petrotrin
Eastman Chemical Enbridge Pipelines
Novacor Chemical Weyerhauser
Pemex Sun Refining
Union Oil Saudi Pecten Petrochemical
ARCO Pacific Refining
SOHIO Champlin Petroleum
Lagoven (Venezuela) Fluor Corporation
Maroven (Venezuela)
Petrosync Distinguished Lecturer
Larry R. Dysert
CCC CEP
Chair of Technical Board AACE International
Association for the Advancement of Cost Engineering
Major Projects Completed David’s Selected Client List:
For a copy of PetroSync’sTraining Calendar for 2014, please visit : http://petrosync.com/PETROSYNC_-_Catalog_Training_Yearly_Version_-_2015_-_1.pdf
Successful Project Cost Estimation & Control
7th-11th September 2015 in Kuala Lumpur, Malaysia
Petroleum Cost Engineering & Project Management Training Courses (April - December 2015)
20th-24thApr Cost Engineering, Risk Management & EarnedValue Management Richard Slingerland
18th-21stMay
27th-29thJul
DATE COURSE TITLE INSTRUCTOR
Analysis and Modelling for Cost, Economics & Risk Richard Slingerland
Cost Engineering Intensive Ko Des Bouvrie
28th-01stSep Cost Engineering Intensive Raymond Hagedoorn
07th-11thSep Successful Project Cost Estimation Control Larry Dysert

7. * For 7 or more delegates, please inquire for more attractive package.
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Title : Successful Project Cost Estimation & Control
Date : 7th - 11th September 2015
Location : Kuala Lumpur, Malaysia
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Early Bird Offer
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4thSept2015
7thAug2015 SGD$ 5,795
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