This 2-day training course provides participants with a solid introduction to the principles of budgeting and forecasting and its practical application to real-world situations.
DurationIn today’s highly competitive and increasingly uncertain environment, it is now imperative for Oil & Gas companies to forecast more accurately and also more frequently. In a recent survey by the CFO Journal, over 70% of Chief Financial Officers (CFOs) stated that improving their forecasting, planning and analysis processes was their number one priority.
It is clear that the old ways of doing things is not sustainable and cannot continue.
This 2-day training course provides participants with a solid introduction to the principles of budgeting and forecasting and its practical application to real-world situations.
The course also shows how to apply the principles and best practices regarding Oil & Gas budgets cultivated by companies in new and existing projects. It is designed for participants who are new to budgeting and forecasting, and those who have been in operating in this role for some time but would like to update their knowledge to the latest in financial planning and analysis practices.
Lastly, the course addresses the internal issues that arise in large companies: politics, remuneration, resistance to change, organisational hierarchies, and the underlying technologies that enable the change required for effective budgeting and forecasting.
The principles in this course are applicable for both upstream and downstream businesses.
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PetroEdge & PowerEdge feature an unrivalled teaching faculty. All of our partners and consultants have extensive management and technology experience coupled with a track record in delivering high quality courses to professionals in leading energy companies globally.
We are members of the esteemed Energy Institute and the CPD Certification Service. We are also proud to have been inducted as an approved training provider of Institute of Leadership & Management (ILM) for 4 of our training programmes. Our Lubricants courses are certified by the International Council for Machinery Lubrication (ICML) and the United Kingdom Lubricants Association (UKLA).
Our Process Hazard Assessment using the HAZOP Technique and HAZOP Team Leader Training and Process Safety Engineering courses are accredited by the The Institution of Chemical Engineers (IChemE). The mark of approval received from these accreditation bodies highlights the confidence given to the quality of our training courses.
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