Ornament Training Centre

Executive Master Class on

Integrated Total Cost Management for EPCC Projects

Dear Professional Engineers,

Engineering, Procurement, Construction and Commissioning (EPCC) Projects are complex projects that require integrated total cost management for effective and efficient project delivery. Total cost management (TCM) is the effective application of professional and technical expertise to plan and control resources, costs, profitability and risk. TCM is a systematic approach throughout the life cycle of any enterprise, project, program, portfolio, facility, product or service. This training is for professionals working in EPCC projects and it is going to be a hand-on experience for practical learning.

Deliverables

1. Engineering, Procurement, Construction & Commissioning (EPCC) Projects

• Introduction to EPCC projects
• Engineering functions
• Procurement functions
• Construction functions
• Commissioning functions
• Different between EPCC and Turnkey projects
• FIDIC

1. Structure of EPCC Contracts

• What are EPCC contracts? Merits and Demerits
• Why EPCC contracts included in project finance documents
• Procedures for drafting EPCC contracts
• Change management in EPCC contracts
• Transfer of liabilities
• Methods of delivery EPCC projects
• Contract claims in EPCC projects

1. Economic Analysis of EPCC Projects

• Cost basics and types of costs
• Cost structuring
• Basic Concepts of Economic Analysis
• Annual Compounding
• Appraisal/investment ratios (NPM, NPV, IRR, SIR, ROI, PI, BCR, ROA, ATO)
• Investment alternatives-Incremental analysis
• Lifecycle costing of EPCC projects
• Depreciation and Taxes
• Break even analysis (Shutdown point, Cost Point, ARRP, etc.)
• Economic order of quantity and Reorder point
• Effective and nominal interest rates
• Cost Amortizations
• Financial modeling

1. Planning of EPCC Projects

• Objectives and deliverables
• Plan EPCC project scope
• Plan EPCC project schedule
• Plan EPCC project cost and budget
• Plan EPCC project team
• Plan EPCC project stakeholders
• Plan EPCC project quality
• Plan EPCC project risk
• Plan EPCC project communication
• Agile planning integration

1. Scheduling of EPCC Projects

• Development of work breakdown structure (WBS)
• Development of organization breakdown structure (OBS)
• Development of cost breakdown structure (CBS)
• Development of risk breakdown structure (RBS)
• Control account-Integration of WBS, OBS, CBS and RBS
• Estimation of activity duration and resources
• Schedule development
• Critical path method and PERT method
• Analysis of schedule constraints
• Schedule compression-Fast-tracking and Crashing
• Schedule and planning integration

1. Cost Estimation, Monitoring and Control of EPCC Projects

• Cost estimation of EPCC projects
• Types of estimates: Class 5-1 estimates
• Different estimating methodologies
• Why estimate is a world of shame
• Control account-Integration of WBS, OBS, CBS and RBS
• Setting control baseline metrics
• Progress measurements
• Performance measurements
• Earned value measurements
• Cost Forecasting
• Variance analysis
• Analysis of cost curves
• Cost Analytics and optimization (Application of Excel Solver)
• Sensitivity analysis and risk distributions (Goal seek, Scenario Manage, Data Table)
• Cost dashboarding and reporting

1. Project Management of EPCC Projects

• Basics of project management
• Organizational structure in EPCC projects
• Leadership and management of project people
• Risk management in EPCC projects
• Quality management in EPCC projects
• Communication management in EPCC projects
• Value analysis and management in EPCC projects
• Strategic asset management in EPCC projects
• Integration of asset and project lifecycles
• Commissioning of EPC projects

Details

Date: August 5, 6, 12, 13, 19 & 20 (6 Weekends) Saturdays and Sundays Only

Time: Saturdays (10am-1pm), Sundays (4pm-7pm)

Venue:  Virtual Live Stream-Zoom

Fee:  N75,000 or 150 dollars

Fee coves Certificates, Training materials, recorded videos and Excel Templates.

Registration: To register in advance, make payment to

Ornament Training Centre

Acct. No: 1017161016

Bank: Zenith Bank

and send payment details to grahamsemail1@gmail.com and 07030251116 on WhatsApp . You will then be added to the Group WhatsApp.

Register here after payment: Click here to Register

The training link and materials will be shared a week to the start of the program.

Program Director

Engr.  Sunday Egbiki, Ph.D., PMP, CCP, MNSE, EDGE, DfGE, COREN

Certified Cost Professional (CCP)

Certified Project Manager (PMP)

Certified Energy Manager (CEM)

Certified Green Building Professional (EDGE & DGNB)

Lecturer, Nigeria Maritime University

DAAD German Postdoctoral Fellow