Cost Engineering for Projects

Cost Engineering

www.costengineering.eu

Topics

> Who is Cost Engineering?

> What is Cleopatra Enterprise?

> Showcase Estimating an Industrial Plant: Class 4 to Class 2

> Questions & Answers


> Expertise

> Cost Data Development

> Education

> Professional Services

> Software solutions

Added value in Cost Engineering


> Preparing and validating estimates during the complete project life cycle

> Developing and supervising contract strategies

> Benchmarking

> Asset Validation / Verification

> Location factors surveys

> Planning, cost control, quantity surveying

> Risk Assessment

> Value management

Expertise


Cost Data Development

> Standard cost data for your estimates for onshore and offshore

> Multi-disciplinairy

> Various industries and geographical areas

> Based on DACE labour norms (Western Europe)

> Based on Vendor information, historical project data

> Well documented data qualifications

> Yearly maintenance updates possible

> 3rd Party sources:

> Richardson data

> DACE Price Booklet

> Reed business (Dutch civil)

> Van Leeuwen Buizen Pipe & Tube

http://www.costengineering.nl/pdf/knb/00_CostEngineering_Knowledgebases.pdf


> Based on knowledge and experience

> Individual attention in small groups

> Courses to suit managers as well as estimators

> From introducing terminology to estimating and cost management

> Company specific cost engineering programs

> Cost engineering software tools

Academy

http://www.costengineering.nl/pdf/academy/00_Cost_Engineering_Academy.pdf


> The cost engineering tool for fast and accurate estimates for the complete project life cycle

> Thorough needs analysis

> Optimized implementation

> Customized training

> Global support

Cleopatra Enterprise


> Bulk storage

> Construction industry

> EPC(M)

> Food and Nutrition

> Government

> Gas industry

> Heavy industry

> Pharmaceutical industry

> Petro-/chemical industry

> Power industry

> Mining & Minerals

References


Cleopatra Enterprise


Project

Analysis Cost

Estimation

Websharing

Interfacing

Workflow

Risk

Analyses

Modules


Characteristics


> Creating solid cost estimates for various elements of a project from feasibility up to construction

> Allocate all types of costs: direct, allowances, indirect, escalation and contingencies

> Creating cost objects e.g. Assemblies

> Monitor and control estimate revisions

> Perform “What-if” analysis

Cost Estimation Module


Cost types


Direct costs

Objects

Composites

Unit-Rates

Details


Breakdown structures

“What if” analysis



> Learn from your past projects

> Compare multiple projects and historical data

> Analyze scope development

> Perform health checks to be more confident

> Scheduling and cash flow trending

> Benchmark your organization

> Business intelligence through regression analysis, pivot tables, or other methods of data mining

Project Analysis


> Control your document routing

> Monitor progress on your projects

> Quickly draw your workflow

> Personalized dashboard

Workflow Module

Cleo

patra En

terprise

Softw

are Integratio

n


Show case:

Example Plant


> Scope> Distillate process: raw product to middle distillate> By products: top and bottom> 28 pieces of equipment (columns, heat exchangers,

tanks, pumps, vessels)> Executed in Western-Europe> Price level date 2010> Finish date: November 2011> Project life cycle: from feed to execution

> Plant design> 3D model> Process flow diagram> Equipment list

Show case: Example Plant

Typical_Plant_(Animation).avi

Typical_Plant_(PFD).jpg

Typical_Plant_(Equipment_list).xls


> Class 4 estimate (40% accuracy):

> Based on Factors> Parametric Equipment Models> Applying Hand methodology> Distribution of disciplines

> Class 3 estimate (20% accuracy):

> Object re-use (Engineering Standards)> Tuning for more accuracy> Include allowance, indirect, escalation and contingency> Disciplines: piping, mechanical, E&I, civil, etc.> Parts to be estimated

> Class 2 estimate (10% accuracy)

> Detailed Unit-Cost> Bill of Quantity / Material take off input> Equipment Parameters


Typical_Plant_(PFD)-Estimate.jpg

Typical_Plant_(PFD)-Estimate.jpg

Typical_Plant_(BOQ-Estimate).xls

Typical_Plant_(BOQ-Estimate).xls


> Benchmarking> Compare Class 4 with Class 3 Estimate> Compare Class 3 with Class 2 Estimate> Analyze using Metrics > View Key Quantities

> Scope Development> Create What-if scenario and compare alternatives > Show Comparison report

> Cash Flow Analysis> Show cash flow and schedule


Questions ?

Cost EngineeringHQ - PO box 25, 3330 AA Zwijndrecht, IJsselmeer 32e, 3332

EX Zwijndrecht, The Netherlands

T: +31 78 620 09 10 F: +31 78 620 91 42

E-mail: [email protected]


Cost Engineering for Projects

Documents

Transcript of Cost Engineering for Projects