Business Essentials for Utility Engineers - Energy1
DATE VENUE FEES REGISTRATION
02 Nov - 04 Nov, 2015 Kuala Lumpur, Malaysia SGD 3179 Closed
Following information: Venue at Kuala Lumpur, Malaysia | Training Date from 02 Nov 2015 till 04 Nov 2015
COURSE LEVEL
DURATIONS
Early Bird Discount
Standard Price
STANDARD
3 day/s
SGD 2967 Purchase it before 30 Sep 2015
SGD 3179
WORKSHOP OVERVIEW

The price above is inclusive of GST 6%

Arm engineers with the tools and vocabulary necessary to be more effective when interacting with senior management, and for promotion to senior management.

For the past 20 years, utilities have gradually been transitioning from engineering-driven to business-driven decision-making. In the past, most top executives at utilities came from the engineering ranks and understood engineering issues in detail. Today, most top executives at utilities have business backgrounds and are primarily concerned with investor relations and “the bottom line.” One consequence of this shift is an increasing communications gap between utility executives and the engineers. Spending can no longer be justified with the argument “it makes good engineering sense.” Rather, spending must be justified with “it makes good business sense.” It is now the responsibility of the engineer to communicate engineering needs in terms of business goals and metrics. To do this, it is critical for utility engineers to be armed with the essential business skills covered in this three-day course. 

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WHAT WILL YOU LEARN?

This course will review and discuss ten topics that are essential for utility companies transitioning from an engineering -based to a business-based paradigm:


·         Utilities

·         Accounting

·         Economics

·         Finance

·         Risk management

·         Utility ratemaking

·         Budgeting / Spending prioritization

·         Asset management/Contracts

·         Strategy

·         Leadership

PROGRAMME
FREE TAKE AWAY
The book Business Essentials for Utility Engineers, written by course instructor Richard Brown, will be included with the course materials.
AUDIENCE

This is a perfect course to balance the technical skills of engineering with the business skills of management.

This course is ideal for:

  • Utility Planners/Engineers/Managers who wish to learn the essentials of business through a rigorous and tailored approach.        
  • Non-engineers in utility business support functions – Procurement, Inventories, cost and budgeting and etc.         
  • Engineers from electric utilities (transmission and distribution in addition to power plants), water and sewage supply and natural gas utilities.         
  • Engineers already familiar with general business topics will learn how to properly apply this knowledge within a regulated utility environment.        
  • Engineers with a general knowledge of utility business processes will learn the business theory behind these processes.

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