Asset Economy and Cost Engineering

Asset economics and cost engineering has a major weight on the profitability of an organization. The traditional practices and processes related to the engineering and management of costs have been significantly challenged today, particularly after the recent financial recessions.

Cost engineering

Current business conditions have given a clear message on the need of new approaches to support those who make economical and cost related decisions in industrial settings. Recent developments, for instance related to Activity based costing, Beyond budgeting, etc., are some examples. Apart from the need for new instruments and tools to master economical and cost decisions, much knowledge is also required to understand the real impact of those decisions at engineering, production, and operational levels.

Interested and want to learn more about the Knowledge HUB? Download the flier here. (pdf)

Previous themes covered:

05.Feb 2016 (UiS) on: Workshop: Outline for Perfomance Based Contracts

  • Lindy Taraldsen, PwC on "Current Contract Models in the O&G Sector"

HUB Output:

White paper on: Performance improving contracts: decision analysis and economic valuation

Check for forthcoming events HERE.