Diploma in Costs and Finance in Decommissioning Projects
Online postgraduate diploma of 800 hours in costs and finance in decommissioning projects, with 8 modules covering decommissioning economics, ISDC cost estimation, funds and financing mechanisms, financial analysis, procurement and cost control, cost optimisation, and insurance and liability (OECD/NEA ISDC, Directive 2011/70/Euratom, Recommendation 2006/851/Euratom), with an assigned technical tutor.
Diploma in Costs and Finance in Decommissioning Projects — studying from New Zealand
New Zealand has no nuclear power generation, and its nuclear-related activity is limited to research, isotope applications and the regulation of imported radioactive materials. The country maintains a firm policy position against nuclear power under the New Zealand Nuclear Free Zone, Disarmament and Arms Control Act 1987. Relevant professional roles mainly involve radiation protection, medical and industrial applications, and international safeguards cooperation, overseen by the Ministry for the Environment and the Ministry of Health.
Fees for New Zealand: NZ$2,160 (New Zealand dollar), with instalments and employer sponsorship available.
Relevant bodies in New Zealand
Typical roles
Questions from New Zealand
Does New Zealand have nuclear engineering registration or recognition?
New Zealand has no domestic nuclear power industry, and its nuclear-related activity is regulated mainly through the Ministry of Health and the Ministry for the Environment under the Radiation Protection framework. Engineering New Zealand is the general professional body. SEIUM's qualifications are private and not accredited by any national body, so their recognition is for employers to decide.
Where could nuclear-related engineering skills be used in New Zealand?
Relevant work in New Zealand is limited and mostly found in research, radiation safety, medical physics, and the handling of radioactive materials in industry and health. Employers in these areas generally require specific accredited training and licensing. A private qualification alone is unlikely to satisfy those requirements.
Can I study this from New Zealand without relocating?
Yes. The course is fully online and taught in English, so you can study from New Zealand and no student visa is needed. Specialist courses total 300 hours, postgraduate diplomas 800 hours and master's programmes 1,900 hours, with an assigned technical tutor. Fees can be paid in instalments, and employer sponsorship is possible.
Take the controls.
Run a real engineering trade-off from this field. Move the sliders, watch the model react in real time and beat the challenge.
What you will be able to do
Understand the cost structure of nuclear decommissioning.
Estimate costs with the ISDC methodology.
Analyse financing mechanisms and funds.
Carry out financial analyses under uncertainty.
Manage decommissioning costs and contracts.
Identify cost reduction opportunities.
Assess financial and liability risks.
Who it's for
- Decommissioning cost estimators
- Nuclear financial analysts
- Project controllers
- Radioactive waste fund managers
- Nuclear project consultants
- Procurement technicians
- Engineering or science graduates looking to move into nuclear decommissioning
What you'll work with
- OECD/NEA ISDC (International Structure for Decommissioning Costing)
- Directive 2011/70/Euratom (responsible and safe management of spent fuel and radioactive waste)
- Recommendation 2006/851/Euratom (management of decommissioning financial resources)
- Royal Decree 102/2014 (Spanish regulation on spent fuel and radioactive waste)
- IAS 37 (provisions, contingent liabilities and contingent assets)
- IAEA GSR Part 6 (decommissioning of facilities)
- Paris Convention (nuclear third-party liability)
- Microsoft Excel
- Oracle Primavera P6
- @RISK
- OMEGA (EDF)
- Power BI
8 modules
1.1Life cycle phases of a facility1.2Immediate and deferred dismantling strategies1.3Components of decommissioning cost1.4Factors influencing cost1.5International cost experience1.6Status of the Spanish nuclear fleet1.7Role of the national waste management company1.8The polluter-pays principle1.9Financial risks of decommissioning1.10Case study: costs of the José Cabrera plant
2.1OECD/NEA ISDC methodology2.2Work breakdown structure2.3Radiological inventory and its impact2.4Staff and equipment costs2.5Waste management costs2.6Contingencies and uncertainties2.7Probabilistic cost estimation2.8Estimation tools2.9Independent review of estimates2.10Practical exercise: ISDC estimate for a system
3.1Segregated and non-segregated funds3.2Fund for financing the General Radioactive Waste Plan (PGRR)3.3Fees and contributions from licensees3.4Fund investment management3.5Fund return and risk3.6Adequacy of financing3.7European Recommendation 2006/851/Euratom3.8International comparison of funds3.9Fund governance3.10Workshop: projecting the adequacy of a fund
4.1Present value of future obligations4.2Discount and escalation rates4.3Project cash flows4.4Sensitivity analysis4.5Monte Carlo cost simulation4.6Scenario analysis4.7Accounting provisions4.8IAS 37 and IFRS standards4.9Preparing financial reports4.10Lab: discounted cash flow model
5.1Procurement strategies5.2Fixed-price and cost-reimbursable contracts5.3Target-cost contracts5.4Management of specialist suppliers5.5Cost control with earned value5.6Management of changes and claims5.7Performance indicators5.8Lessons from European projects5.9Contractual risk management5.10Practical exercise: earned value analysis of a project
6.1Optimising the sequence of work6.2Waste minimisation6.3Recycling and clearance of materials6.4Efficient cutting technologies6.5Robotics and remote work6.6Site reuse6.7Integrated project planning6.8Project benchmarking6.9Knowledge management6.10Case study: savings from metal clearance
7.1Risks of the decommissioning project7.2Insurance during decommissioning7.3Nuclear third-party liability7.4Paris and Brussels Conventions7.5Licensee's financial guarantees7.6Risk of licensee insolvency7.7Regulatory and schedule risk7.8Communication with stakeholders7.9Transparency in the use of funds7.10Workshop: financial risk matrix
8.1Selection of the facility8.2Scope definition8.3ISDC cost estimation8.4Uncertainty analysis8.5Financing plan8.6Financial analysis of the project8.7Optimisation proposals8.8Conclusions and recommendations8.9Report and presentation8.10Final project: final review with the tutor
How you'll learn
100% online training on the SEIUM campus, with downloadable material, recorded classes and an assigned technical tutor. No fixed timetables: you progress at your own pace within each intake, so it fits around your job.
Each module combines theory, guided reading of the original standard and applied exercises. The working software is Microsoft Excel, Oracle Primavera P6, @RISK, OMEGA (EDF) and Power BI, in free, academic or evaluation versions. Practical work is based on real procedures for ISDC-structured cost estimates, Monte Carlo uncertainty simulations and earned value analysis. Assessment is continuous by module, plus the final integrative project.
Standards covered: OECD/NEA International Structure for Decommissioning Costing (ISDC), Directive 2011/70/Euratom, Recommendation 2006/851/Euratom, Spanish Royal Decree 102/2014, IAS 37, IAEA GSR Part 6, Paris Convention on nuclear third-party liability.
Build it end to end
Your final project follows the real engineering workflow, step by step, reviewed by your tutor.
Where this takes you
Requirements
- Prior technical training or professional experience in the sector. No university degree is required.
- An internet connection and a computer capable of running the programme software.
- English sufficient to read technical standards.
Ready to start?
Send your application today. Our admissions team replies within 72 hours with your study plan and funding options.
Frequently asked questions
The programme totals 800 hours over 6–8 months. You set your own pace within each intake, and your tutor helps you plan the workload around your job.
You work with Microsoft Excel, Oracle Primavera P6, @RISK, OMEGA (EDF) and Power BI, using free, academic or evaluation versions. Your tutor indicates the free alternative wherever one exists.
A SEIUM Institute diploma, awarded on passing the continuous assessment and the final project. It is SEIUM's own qualification, not an official state degree; its recognition depends on the programme completed and the regulations of each country.
Yes. Modules passed are recognised in a higher programme in the same area (postgraduate diploma or master's). Ask about the recognition policy when you enrol.
Prior technical training or professional experience in the sector (no university degree required), a computer able to run the software and English sufficient to read technical standards.
Start dates are set by SEIUM's faculty for each intake. Our admissions team will confirm the next available date when you apply.
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