Related courses
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Expanded Basic Petroleum Economics - BEC |
Petroleum Risk and Decision Analysis - PRD |
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Cost Management - CM |
Discipline: Petroleum Business Level: Foundation Duration: 5 days Instructor(s): Ronnie Tucker |
Few problems threaten the petroleum businesses more than uncontrolled costs. Economic realities have made it necessary for most companies to operate with a lean and mean philosophy. Industries previously operating under regulatory rules, which allowed them to pass on all costs to the customer, now face a changed regulatory environment. As the price of our products fluctuates widely, the most vulnerable companies are those that are ineffective in understanding and managing their costs. Historically energy companies have relied on the efficiency of their operations to drive company profitability. The ability to properly manage costs is now paramount in a company's success and even their ultimate survival. As the energy industry goes through its most monumental changes since the 1970s with huge swings in prices and costs, the companies that can identify efficiencies and inefficiencies will be able to react to the challenges of the global market place, thus generating higher profits. The course will cover costs management from the basics to the most recent events and trends, using relevant exercises, timely case studies, and role-playing techniques. This seminar is an introduction to Practical Cost Management techniques designed to help the participant better understand the underlying dynamics of cost, which will lead to better decision making concerning products and services, work flows, capital investments, as well as the day-to-day monitoring of the business. "The course was great. I liked the course content." - Forecasting and Reporting Specialist, Ghana "Thank you for this training!" - Economist, Turkmenistan |
Designed For: Operating managers, field personnel, project managers, technology managers, budget managers, or practically anyone in the company wanting to manage costs in a more efficient and effective manner. A familiarity with finance is helpful but not required. |
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Instructors: MR. RONNIE TUCKER is a seasoned Irish business executive and financial and economic consultant with extensive practical experience. He has worked as a corporate business process reengineering Project Director in Helsinki, as a CFO/COO in New York, as a Director of Corporate Risk Management in Brussels and as a Financial Analyst in Silicon Valley. He has been a board member in Belgium, France, Ireland, Italy, Netherlands, UK and USA and has sat on a number of board audit, finance and governance sub-committees. Since 2012 he is a Divisional Director with Indecon Consultants. Since 1997 he has trained more than 4,000 non-financial managers in finance, economics and accounting for multinationals, governments and management institutes. He also taught management at the National University of Ireland and has spoken on governance for the Institute of Chartered Accountants in Ireland. Ronnie has a particular interest in the petroleum industry. In 2012 he taught MPs and civil servants from the Ministries of Finance and Natural Resources in Kurdistan, Iraq on production sharing contracts. He also recently trained government officials from Myanmar in energy project economics and finance. His long client list includes ExxonMobil and Schlumberger. He is a member of the petroleum business faculty at PetroSkills. He conducted cost-benefit appraisals of infrastructure projects for the Office of the Prime Minister of Malta. This also involved knowledge transfer to the Prime Minister's staff. Ronnie brings to bear his work in many industries including pharmaceuticals, logistics, retail, forest products, hospitality, and ports. He has worked extensively in the Middle East including in Algeria, Dubai, Egypt, Iraq, Morocco, Oman, Syria, and Tunisia. For petroleum industry clients he has also worked all over the world. Ronnie has a Bachelor's degree in business and economics from Trinity College, Dublin (1978) and an MBA from Stanford University (1985). In-House Course Presentations All courses are available for in-house presentation to individual organizations. In-house courses may be structured the same as the public versions or tailored to meet your requirements. Special courses on virtually any petroleum-related subject can be arranged specifically for in-house presentation. For further information, contact our In-House Training Coordinator at one of the numbers listed below. Telephone 1- 832 426 1234 Facsimile 1- 832 426 1244 E-Mail inhouse@petroskills.com Public Course Presentations How to contact PetroSkills: 1-800-821-5933 toll-free in North America or Telephone 1-918-828-2500 Facsimile 1-918-828-2580 E-Mail registrations@petroskills.com Internet www.petroskills.com Address P.O. Box 35448, Tulsa, Oklahoma 74153-0448, U.S.A |