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Amid volatile oil price, it is important to have predictable cost when executing the projects. In ConocoPhillips (Grissik) Ltd. (CPGL), the projects with value below US$ 50 MM are managed under Small Projects Group. Its portfolio is ranging from pipeline construction project to facilities modification project. The paper will describe on how the cost forecast accuracy is improved and maintained in the Small Projects portfolio by an integrated cost management approach that comprises of cost management planning, cost estimating, cost budgeting, and cost controlling. The process is implemented from the early stage of the project until the project closing, with monthly updates on the cost forecast. During the process, enterprise resource planning (ERP) system and a cost management dashboard are utilized as the collaboration tools to ensure the numbers are properly monitored and controlled. The integrated cost management approach has resulted in significant improvement of cost forecast accuracy across Small Projects portfolio, ensuring credibility with Management and aligned with forecasting excellence.