Introduction

In the dynamic and capital-intensive Oil & Gas (O&G) industry, robust Project Controls & Cost Management systems are crucial for delivering projects on time and within budget. Training Course on Project Controls & Cost Management in Oil & Gas (O&G) equips professionals with cutting-edge tools, best practices, and techniques that align with global standards such as AACE, PMI, and IPA benchmarks. By mastering cost estimation, budgeting, forecasting, scheduling, and performance analysis, participants will gain the confidence to optimize resources, mitigate risks, and maximize ROI across upstream, midstream, and downstream projects.

This hands-on, industry-driven training leverages real-world case studies, earned value management (EVM), digital cost control tools, and integrated planning techniques. It is specifically tailored to meet the complex challenges faced in offshore platforms, refinery expansions, pipeline developments, and LNG megaprojects. Participants will leave with actionable skills and strategies to elevate project governance, capital efficiency, and stakeholder alignment.

Programme Curriculum

Training Course on Project Controls & Cost Management in Oil & Gas (O&G)

Introduction

Course Objectives

Understand the fundamentals of Project Controls in Oil & Gas Projects
Master Cost Estimation Techniques using industry benchmarks and parametric modeling
Apply Budgeting and Cost Control Strategies in complex energy projects
Utilize Earned Value Management (EVM) for real-time performance tracking
Learn to manage Change Orders and Claims efficiently
Analyze Project Schedules with Critical Path Method (CPM) and P6 software
Implement Forecasting and Cash Flow Management in volatile market environments
Leverage Digital Tools for Project Cost Analytics (AI, BIM, Power BI)
Enhance Risk Management through integrated cost and schedule risk analysis
Improve Project Reporting and Dashboarding for better decision-making
Apply Value Engineering and Cost Optimization principles
Integrate Procurement and Contracts into Cost Control Systems
Align cost management with Sustainability and ESG Compliance in O&G

Target Audiences

Project Managers
Cost Engineers
Planning Engineers
Construction Managers
Finance & Budget Officers
Procurement Specialists
Contract Administrators
Oil & Gas Executives & Consultants

Course Duration: 5 days

Course Modules

Module 1: Project Controls Framework in Oil & Gas

Definition and scope of project controls
Integration of cost, time, and quality
Key stakeholders and governance models
O&G project lifecycle mapping
Tools and systems for control frameworks
Case Study: Implementation of integrated project controls in a $2B offshore platform

Module 2: Advanced Cost Estimation Techniques

Bottom-up vs top-down estimation
Class 1 to Class 5 estimate classifications (AACE standards)
Factor estimating and analogous methods
Software tools: Aspen, Cleopatra, Sage Estimating
Challenges in estimating CAPEX and OPEX in O&G
Case Study: Cost overruns in refinery expansion and how they were mitigated

Module 3: Budgeting, Control & Earned Value Management (EVM)

Developing and managing project budgets
Control accounts and work breakdown structures (WBS)
Earned Value metrics: CPI, SPI, ETC, EAC
Variance analysis and recovery plans
EVM automation tools (Primavera, EcoSys)
Case Study: EVM success in LNG facility construction

Module 4: Scheduling, Planning & Forecasting

Project scheduling fundamentals (CPM, Gantt, milestone)
Schedule risk analysis and Monte Carlo simulations
Primavera P6 and MS Project hands-on practices
Forecasting techniques for cost and schedule
Managing time-cost trade-offs
Case Study: Schedule slippage recovery in pipeline development

Module 5: Change Management & Claims Control

Types of project changes and their causes
Change control process and tools
Claims management lifecycle
Delay analysis methods and documentation
FIDIC and NEC3 contract integration
Case Study: Claims dispute resolution in deepwater drilling

Module 6: Cost Risk Analysis and Contingency Planning

Identifying and quantifying cost risks
Risk registers and probability-impact matrices
Monte Carlo simulation for cost risk
Determining and managing contingency reserves
Linking schedule and cost risk (QSRA/QCRA)
Case Study: Risk-based contingency in arctic exploration

Module 7: Reporting, Dashboards & Performance Analytics

KPI development and alignment
Designing effective dashboards using Power BI
Automated reporting in Primavera and SAP
Visualization of earned value and trends
Communicating insights to stakeholders
Case Study: Real-time reporting in mega refinery project

Module 8: Sustainability, ESG & Value Optimization

Linking cost control with ESG objectives
Green budgeting and lifecycle costing
Sustainable procurement practices
Value engineering workshops
Circular economy principles in O&G projects
Case Study: ESG-aligned cost savings in petrochemical plant revamp

Training Methodology

Instructor-led sessions with real-world O&G project scenarios
Hands-on workshops using Primavera, Power BI, and cost estimation tools
Group exercises, breakout discussions, and collaborative planning
Case study reviews and lessons learned from global O&G projects
Pre- and post-assessments to measure skill acquisition

Register as a group from 3 participants for a Discount

Send us an email: info@fineskilltrainingcenter.org or call +254769199797

Certification

Upon successful completion of this training, participants will be issued with a globally- recognized certificate.

Tailor-Made Course

We also offer tailor-made courses based on your needs.

Key Notes

a. The participant must be conversant with English.

b. Upon completion of training the participant will be issued with an Authorized Training Certificate

c. Course duration is flexible and the contents can be modified to fit any number of days.

d. The course fee includes facilitation training materials, 2 coffee breaks, buffet lunch and A Certificate upon successful completion of Training.

e. One-year post-training support Consultation and Coaching provided after the course.

f. Payment should be done at least a week before commence of the training, to Fineskill Training Center account, as indicated in the invoice so as to enable us prepare better for you.

Skills & Software Covered

Project Controls Cost Management Oil & Gas Engineering

Programme Fee

Duration: 5 Days

Method: Online or Physical

Online Price: $1,000

Physical Price: $1,500

Certification: Accredited Certificate

View Available Dates 📄 Download Course Outline (PDF)

Available Sessions

Location

Month

Year

Oct 19 2026

19 Oct — 23 Oct 2026

💻 Online / Virtual session

Online $1,000

Training Course on Project Controls and Cost Management in Oil and Gas

Introduction

Programme Curriculum

Skills & Software Covered

Available Sessions