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Petroleum Business
Cost Management
This course helps participants understand, trace and control costs in a volatile price environment where poor cost discipline leaves companies exposed. It explains cost types, drivers and behaviour, and introduces activity-based cost management as a practical framework. Participants finish by designing control systems that support better operational and investment decisions.
- Discipline
- Petroleum Business
- Level
- Foundation
- Duration
- 5 days
- Formats
- Classroom, In-house
Every course can be delivered in-house and tailored to your organisation.
Who should attend
Operating, project, technology and budget managers, field staff and anyone in the organisation who wants to manage costs more efficiently.
What participants will be able to do
- Identify cost types and the drivers behind them
- Trace relevant costs to a single cost object
- Analyse cost behaviour using sensitivity analysis
- Apply activity-based cost management principles
- Design practical management control systems
Topics covered
- Cost classification
- Cost drivers
- Activity-based costing
- Activity dictionaries
- Cost behaviour analysis
- Management control systems