Introduction to Oil & Gas Project Cost Benchmarking & KPI’s

€ 800.00 € 380.00


Benchmarking is increasingly being done in public and private projects, where the decision maker has access to large amounts of cost data for similar projects. Benchmarking is a process by which the estimated performance (often the cost) of a project is compared with other similar projects. This can highlight design areas that do not offer good value for money and can help in evaluating offers from suppliers and contractors. The value of an individual performance measure is limited, but combined, they provide a solid assessment of the quality of project management for individual projects and programs. If they are systematically applied over time and used for internal and external benchmarking, the measures will provide the necessary information for daily management and the improvement of long-term processes. It is the responsibility of the Management to select and use the measures that work best for the company and its departments.


After completing this course, the participant must:

Course Features

  • Lectures 23
  • Quizzes 6
  • Duration 4 Weeks
  • Skill level All level
  • Language English
  • Students 0
  • Certificate Yes
  • Assessments Yes
Carlos Fuenmayor
Carlos Fuenmayor is the founder of Caf-Corporation VE C.A. (Venezuela) and Caf-Corporation US Inc. He is a M.Sc.; Industrial Eng. Bachelor Degree with more than 30 years’ experience in Oil & Gas Industry, petrochemical and mining for Owners and Consulting Engineering Companies. He is experienced in computerized environment of Tendering, Planning / Cost Control / Estimation on Development Field Projects, as well in Turnkey and Construction works related to Oil & Gas Industry, Piping works, Flowlines, Petrochemical, Refineries, Power Plants, Mining Plants and Infrastructure. His experience includes Conceptual phase to detailed phase, having contact with construction site, man-power and equipment deployment requirement, fabrication of piping, structure steel, vessels, heavy lifts, etc. He has recent experience acquired in LNG Technologies Conceptual Cost Advisory as Mozambique Program Cost Estimator Lead for Upstream and Onshore Facilities. Also in Floating LNG (FLNG) and Offshore Production Structures. Carlos is member in good standing with the AACE and PMI. He gained his expertise working along leading engineering and construction professionals within Venezuela, Canada, México, Africa, Kazakhstan and Europe.


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