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3316TN Turnaround Cost - Basic Night Class


Date Time Location

No scheduled classes are available.

Please contact us for a custom training class held at your facility or ours.

This Basic Turnaround Cost Control training course is designed for individuals that do not have any turnaround cost control experience. This course will give you the basic understanding of the Cost Professional’s roles and responsibilities during a Turnaround. This course will be a hybrid of lectures and hands- on activities.

Duration: 3 Nights

Price: $975
Virtual Set-Up Fee: An additional $75 fee will be applied to all online training classes.

Print Outline

Section 01: Introduction

• Skills Required for Cost
• Cost Accountant Vs Cost Engineer
• Capital Vs Turnaround

Section 02: Terminology

• Review standard cost terminology

Section 03: Cost Management Process

• Discuss Resource Planning, Cost Estimating, Cost Budgeting, and Cost Control.
• Why it is important

Section 04: Turnaround Cost Cycle – High Level

• Discuss each phase of the Turnaround Lifecycle
• Discuss each phase of the Turnaround Cost Lifecycle

Section 05: Cost Breakdown Structure

• Discuss the 4 high-level cost groups and how each are defined.
• Discuss the importance of breaking each group out further and how it aligns with the schedule

Section 06: Estimate Development

• Discuss the different Estimates (Preparation, +/-50%, +/30%, +/-10%)
• Considerations for Development

Section 07: Budget Development

• Estimate vs Budget
• Discuss Histogram
• Review Staffing Plan, Bid Sheet, & Estimate breakdown sheet.
• Discuss Purchase Orders & Control Budget

Section 08: Industry Changes in Cost Control

• Work Orders vs Purchase Orders
• Challenging vs Accepting estimates or bids

Section 09: Preparing for Execution

• Communication with timekeepers
• Onboarding meetings
• Building required spreadsheets

Section 10: Cost Tracking & Control

• High level review of Cost Report
• Discuss Daily Force Reporting
• Discuss Daily Timesheet Reporting

Section 11: Deliverables to Management

• Briefly discuss typical deliverables

Section 12: Closeout

• Briefly discuss the closeout process and activities

Coming Soon

About TEPCO Solutions Training

With over a century of combined years of industry experience matched by unparalleled wisdom, the Trainers and Team here at TEPCO Solutions provide a very rare and invaluable understanding of the Project Controls Industry. All sectors, streams, positions, project sizes, turnaround budgets, and other variables/conditions, have all been experienced, first-hand, leaving not many situations to identify as “unfamiliar”.

We offer one-of-a-kind project controls training courses with instructors who offer real-world experience in order to best relate to the needs of participants. Our certified instructors offer effective techniques with a hands-on teaching approach that enhances retention of training material, thus allowing for a more efficient application of TEPCO Solutions’ training for their specific project, turnaround, or maintenance needs. The course selection covers both methodologies and software products such as Primavera P6.

Training at your Facility

Do you have a group of individuals that need training? Is your project controls group located out-of-state, or even out of the country? Does traveling to the TEPCO Solutions training facility cause an adverse impact on your time and/or budget? TEPCO Solutions can come to you! If you need training for six or more individuals, you will most likely find a benefit to having one of our trainers come to your facility or a facility near you.

  • Travel costs and time are reduced to only the trainer, avoiding the expense incurred with sending multiple employees to the TEPCO Solutions facility
  • We can utilize your training facility PCs, or we can provide training laptops
  • TEPCO Solutions training laptops are pre-configured with course materials and can be pre-shipped or brought with by the TEPCO Solutions trainer
  • Training can be conducted at your facility, or an external conference room can be rented, typically at a hotel

Live Online Training

TEPCO Solutions offers live online training for those who cannot attend in person.  Our classes, both online and in-house, are taught by seasoned end users with real-world knowledge and experience.  This ensures that we provide the best up to date practical application use lead by instructors that truly know the tool, and where the concerns will be.  Our classes are always fully interactive, giving the student the ability to not only work in a live environment but also get immediate help with questions or issues.  Students can also see each other’s problems as the class evolves, giving everyone the ability to learn from other students in the class.

Virtual Set-Up Fee: An additional $75 fee will be applied to all online training classes.

In summation, we at TEPCO Solutions hold true to the following Core Values:

  1. We are a family and because individual employee actions affect everyone in that family, we strive to always do right in every situation.
  2. We take initiative to continuously improve ourselves as individuals and as a company.
  3. We are rigorously service minded and always go the “extra mile” for our clients and team.
  4. We embrace our core deliverable of problem solving and present expert solutions the clients “need” instead of “want.”
  5. We promote enjoyment in work, day in and day out.

CONTACT US

866.204.2163  (toll free)

281.428.3726

507 East Cedar Bayou Lynchburg Road

Baytown, Texas 77521

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