Strategic Operating Cost (OpEx) Management: Istanbul

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The course is designed for

This course is designed for participants who are new to Strategic OpEx Management (SOM) and those who have been operating in an Asset, Operations, Maintenance or cost/planning role for some time but would like to update their knowledge to the latest proven techniques in SOM/asset management practices.

  • Asset/Operations/Maintenance/SOM Project Managers
  • Finance Managers
  • Heads of Department
  • Team Leaders/Supervisors

The principles in this course, although focused for upstream oil and gas, are equally applicable for downstream and utility businesses.

Learning Objectives

  • To understand how the SOM process methodology affects your business performance proactively and how to reduce OpEx costs
  • To review how various Planning types integrate into dynamic business lifecycle models
  • To understand when to apply strategic cost management at various phases of the E&P lifecycle
  • To understand how Activity Based Cost (ABC) modelling provides transparency to challenge the cost drivers
  • To be able to conduct a Strengths Weaknesses Opportunities and Threats (SWOT) analysis to assist in scenario and “what-if” modelling
  • To be capable of conducting asset performance reviews

Course outline

Strategic Opex Management (SOM)

E&P economic environment
Strategic OpEx Management
E&P Life cycle and components of SOM
Company’s business and corporate planning models

SOM Planning and Management of Risk Process

Introduction and importance of planning types (Tactical, Operational and Strategic)
Discussion and examples of the various planning types
Alignment with Life of field (Asset) plans
Activity Based Costing in the SOM process
Risk Management in SOM
Venture life cycle concepts

SOM and Life of Field Manuscripts

Collaborative team working and individual roles
Business Plans and Asset environment
Alignment with Operations strategies
Life of Asset key events calendar and strategic reviews

SOM Performance Management

Asset performance and Value driver models
Target setting and benchmarking Operations performance
Cost reduction Process
Review future of existing assets and SWOT process
End of Field Life analysis including late life optimisation

Course terms and conditions

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