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Why Choose this Training Course?
In the globally competitive world of the 21st century, business decision-makers face unprecedented levels of change, risk and uncertainty and nowhere is this more true than in the oil and gas sector. To survive and flourish in this dynamic environment petroleum professionals need the right tools with which to analyse the economic and other challenges faced by their organisations and to anticipate and manage the many opportunities and threats that may emerge. Traditional forms of economic and financial analysis no longer meet these needs and the most progressive firms are using the power of financial models to help them analyse the challenges and take a more powerful approach to managing risk and uncertainty in their planning and forecasting.
This PetroKnowledge 10-Day Advanced Financial Modelling & Petroleum Project Economics training course will highlight:
The challenge of risk and uncertainty in modern business
Principles of business planning and performance management
How financial models can be used to improve business decision-making
Practical skills in designing financial models using Excel
Advanced approach to analysing oil and gas sector economic indicators
This PetroKnowledge training course is split into two modules:
Each module is structured and can be taken as a stand-alone training course; however, delegates will maximise their benefits by taking Module 1 and 2 back-to-back as a two-week training course.
What are the Goals?
This 10-Day Advanced Financial Modelling & Petroleum Project Economics training course has been designed to provide petroleum sector delegates with real practical skills to design and build financial models that will have highly relevant applications in modern oil and gas organisations. By applying advanced techniques for economic and financial analysis, delegates will develop improved skills in forecasting and business decision-making.
At the end of this 10-Day Advanced Financial Modelling & Petroleum Project Economics training course, you will learn to:
Plan the design and functionality of economic and financial models in Excel
Use powerful functions built in to Excel for statistical and financial analysis
Apply financial analysis techniques to improve investment decision-making
Design and build financial models for forecasting sales, costs and profit
Implement up to date techniques for managing risk and uncertainty
Use financial models to assist in business decision-making
Who is this Training Course for?
This 10-Day Advanced Financial Modelling & Petroleum Project Economics training course is designed to provide useful insights and practical skills to professionals from a wide range of disciplines and industry sectors, but particularly those involved in planning, forecasting and investment decision-making in an age of risk and uncertainty.
This PetroKnowledge 10-Day Advanced Financial Modelling & Petroleum Project Economics training course is suitable to a wide range of petroleum sector professionals but will greatly benefit:
Budgeting and Planning Managers
Purchasing and Supply Chain Managers
How will this Training Course be Presented?
This is a highly participative workshop style training course focused on developing practical skills that delegates can apply in real life business situations on return to their own organisation. Each module includes a thorough review of the relevant theory before focusing on life-like business case studies with which delegates can practice the design and construction of financial models, analysis tools and forecast applications in Excel, using laptops provided for the training course.
The organisation will benefit from the practical implementation of up to date techniques in financial analysis, forecasting and financial modelling that can be applied to improve the quality and relevance of business decision-making in the context of modern levels of risk and uncertainty – specifically:
An integrated approach to managing business risk and uncertainty
The use of financial analysis tools improve business information and insights
Application of economic and financial models to petroleum project decision-making
Improved forecasting tools and performance management systems
Better quality information as the basis for capital investment decisions
Delegates will benefit from this hands-on workshop that has been designed to provide them with the essential theory of financial analysis, forecasting and financial decision-making whilst focusing heavily on building the practical skills to develop their own financial models in Excel.
The 10-Day Advanced Financial Modelling & Petroleum Project Economics training course will greatly enhance their contribution to organisational performance and improve their career prospects by:
Developing an awareness of the nature and management of risk and uncertainty
Greater involvement in management planning and decision-making
Improved knowledge of Excel and its most powerful financial functions
Using powerful Excel economic and financial modelling skills for forecasting and decision-making
Applying up to date methods to planning and forecasting
Understanding and applying investment decision-making techniques
Module I - Financial Analysis, Modelling & Forecasting
Day One: The Competitive Challenge in the 21st Century
Identifying and managing stakeholder needs
Business models and how they are disrupted
An integrated approach to risk management
The essentials of business performance management
Essentials of financial modelling
Financial statements basics
Fundamentals of financial modelling
Day Two: Modern Approach to Financial Analysis
Building a financial ratio database in excel
Practical modelling: The cost-volume-profit relationship
Measuring and improving return on investment
Measuring and improving asset management efficiency
Measuring and managing capital structure and risk
Practical modelling: The effect of gearing on shareholders’ earnings
Day Three: Advanced Techniques in Forecasting
Practical modelling: Using excel statistical analysis tools
Avoiding common forecasting problems
Using moving averages to analyse time series data
Using linear regression for sales trend analysis
Using excel solver to minimise forecasting error
Using regression and correlation to forecast costs
Practical modelling: Cash flow forecasting
Day Four: Principals of Contemporary Investment: Decision-making
Principles of capital investment decision-making
Sources and cost of business finance
Practical modelling: Using excel discounted cash flow tools
Practical modelling: Capital investment analysis
Essentials of business valuation
Practical modelling: Business valuation based on shareholder value added
Day Five: Managing Risk and Uncertainty
Identifying and analysing business risk
Probability based approach to decision-making
Monte carlo simulation
Sensitivity analysis and “what-if” forecasting
Identifying the key drivers of financial performance