Upstream Budget Practice

This Upstream Budget Practice training course will utilize a variety of proven learning techniques to ensure maximum understanding, comprehension, and retention of the information presented.

At the end of this Upstream Budget Practice training course, you will learn to:

• Appreciate the impact of oil price volatility on Upstream Oil profitability and Budgets
• Propose appropriate solutions to budget issues and cost control
• Prepare, control, and manage budgets in the oil and gas industry
• Analyze key differences and uses of the main budgeting techniques
• Understand and appreciate different hedging strategies used by Leading Upstream companies to mitigate risk and manage budget

This Upstream Budget Practice training course is essential for many professionals but especially for managers with financial responsibility for departments or projects or those who are involved in the analysis of costs to support decisions within the business.

 This Gulf Rowad Upstream Budget Practice training course is suitable for a wide range of professionals but will greatly benefit: 

• Finance Managers
• Cost accountants
• Budget Managers
• Project Managers
• Professional Engineers

Organisational Impact

The organization will gain from sending employees to this training course:

• Acquire necessary skills to improve cost planning, increase profit and cash flow
• Adopt disciplined approach to decision making based on Cost Benefit analysis.
• Upskill your employees and improve the financial culture of the entire company.
• Develop better Strategic Thinking Skills through understanding the dynamic and links between Costing, Budgets, and Strategic Plans.
• Master Effective Forecasting techniques.

Personal Impact

Participants will be able to further develop their personal management skills by being:

• Acquire a solid background and knowledge skill set in accounting and finance systems
• More informed decision-making both financially and strategically
• Improve your financial communication skills
• Visualize the link between strategy, strategic plan, resources and budget
• Effectively liaise and communicate with different departments on financial and strategic matters