Cost Engineering for Turn Arounds

Cost Engineering

www.costengineering.eu

Topics

> Who is Cost Engineering?

> Cleopatra Enterprise principles

> Turn Around Work Process

> Showcase Example Turn Around Project

> 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


Cost types


Direct costs

Equipment

Tasks

Unit-Rates

Details


Direct costs


Breakdown structures

“What if” 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

Turn Arounds

with Cleopatra Enterprise


Turn Around Work Process

Identification Execution

Evaluation

Definition


Show case:

Turn Around Project


> Scope> Preventive maintenance of equipment (columns, heat

exchangers, tanks, pumps, vessels)> Corrective maintenance of Piping systems, Valves> Phasing:

> Pre> Tar> Post

> Work is done in shifts: overtime, Saturday, Sunday> Work is divided by contractor> Project life cycle: from identification to execution> Identification: 2010 - Execution 2012

> Work process> Identification -> Definition -> Execution -> Evaluation

Show case: Turnaround project


> Identification I

> Create Screening Estimate to get an idea of the initial budget> Import from Work Preparation system to create estimate

based on historical data with tasks per equipment > Include WO numbers & Tag numbers as Breakdown structures> Specify overtime based on estimated hours

> Per phase, not per task> Distribute between overtime, Saturday, Sunday

> Specify Supervision and other indirect> Apply Escalation

Showcase Turnaround

Identification


> Identification II

> Create Study Estimate to create different scenarios> Based on detail tasks per equipment, piping, valves, etc.> Specify overtime on a per task basis> Chronological order of detail tasks> Resource summary> Create scenarios:

> Replace with alternative task> What-if scenarios to evaluate efficiency> Factors: per Task, per WBS, per Project Level> Use different contractors for the same discipline> Compare different scenarios

> Track changes through revision control> Cashflow forecast & density scheduling

Showcase Turnaround

Identification


> Definition

> Create Budget Estimate> Associate relevant documents to estimates: scope, job plan,

assumptions> Split up estimate in job packages per contractor for evaluation> Make changes to the estimates and propose for approval> Workflow manages security settings per contractor> Approve job packages by Cost Engineer> Roll-up estimates per contractor for management overview> Export estimate to Primavera:

> Tasks will become activities> Include resource assignment> Include information such as WBS, contractor, WO numbers

Showcase Turnaround

Definition


> Execution

> Estimate change orders> Approve change orders through workflow> Optionally export approved estimates to ERP> Track change orders using a dedicated breakdown structure> See effect on estimate: have any view to see impact of changes

(waterfall chart)> Synchronize changes with Primavera

> Evaluation

> Compare final execution estimate with Budget estimate> Use info to update historical dataset of tasks

Showcase Turnaround

Execution

Evaluation

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 Turn Arounds

Documents

Transcript of Cost Engineering for Turn Arounds