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- Planning, Estimating, and Control of Chemical Construction Projects - CRC Press Book.
- Planning, Estimating, and Control of Chemical Construction Projects / Edition 2.
- Planning estimating and control of chemical construction projects sec….
Make an Offer. Find Rare Books Book Value. Sign up to receive offers and updates: Subscribe. This way you will ensure that the bids are submitted on time in accordance with your requirements. Join companies where our professionals deliver accurate and fast results. Knowledge Our all-round and certified Cost Consultants ensure the high quality of our services. All our Cost Consultants have engineering backgrounds in one or more disciplines. Expertise With more than 20 years of experience in project cost management, Cost Engineering takes a holistic approach to your complex and technical project management needs.
We support our Cost Consultants with our own project cost management software Cleopatra Enterprise, we train them in our own training institute Cost Engineering Academy, and we provide them the right data to work with, our own knowledgebase CESK Data. Diversity Over the years, Cost Engineering have worked for all kinds of organizations from industrial multinationals to government departments and from construction companies to engineering firms.
Our challenge is to make sure that every project is finished according to the high standards of our clients, whatever the size and the kind of the organization. Contact Us Meet our Project Cost Management Professionals Do you have questions about the services of our professionals or do you want to know more? Then contact us. However, estimating the total costs of an offshore LNG platform or a high speed railroad is a little more complex.
Luckily, there are numerous methods and techniques that can help you estimate those costs throughout the different phases of such projects.
Project Cost Management Professionals
The factor estimating method derives its name from applying derivative factors for the preparation of the investment estimate of a project. The method is sometimes called a top-down estimate and is based on limited project scope. It uses rules of thumb, parametric models or historical databases to provide relevant cost data. It can be used to develop for example cost per square foot for a building or cost for a similar piece of equipment. Advantages and disadvantages factor estimating Advantages:. Parametric estimating Parametric estimating entails the analysis of cost, programmatic and technical data to identify cost drivers and develop cost models.
The approach essentially correlates cost and manpower information with parameters describing the item to be costed.
Parametric Method generally involves the use of a regression analysis linear and nonlinear to determine the best algorithms for a model. Equipment factored estimating An equipment factored estimate is produced by taking the cost of individual types of process equipment, and multiplying it by an "installation factor" to arrive at the total costs. In practice, this has proven to be quite a useful method since a substantial part of total project costs are made up of equipment. The installation factor, or total installed cost TIC factor, includes subcontracted costs, associated direct labor costs and materials needed for installation of equipment.
Lang method A method that is slightly more detailed and therefore needs some more project information, is the so-called Lang method. Hand method This method, developed by W. Hand, is an extension of the Lang method and proposes to use different factors for each type of equipment columns, vessels, heat exchangers and other units rather than per process type. Detailed estimating Sometimes called bottom-up estimating. With this method, detailed estimates are made at relatively low levels in the work breakdown structure WBS , typically at work-package or task level.
This approach is closely related to scheduling, planning and resource allocation and is both time-consuming and costly. It requires a good knowledge of the activity and there also needs to be a reasonable level of definition for the exercise to be meaningful. The man-hours or percentages compiled throughout this manual are based on this percentage. Cost Engineering has experts for all of these methods, and can apply them within your organization for a wide range of projects.
Interested in what methods are best suited for your specific situation?
Planning estimating and control of chemical construction projects sec…
Contact us at contact costengineering. Over the years Cost Engineering has been very active in the onshore field for clients all over the world. The projects that Cost Engineering has been involved in for these customers range from green field to maintenance projects. This makes Cost Engineering the default choice for many of our clients. The main reason being, that a full life-cycle approach will make sure a project will not just be a success in one of its phases, but over its complete lifetime.
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For this combination of companies, Cost Engineering has audited all feed estimates and their related processes. This was not just a case of looking at the results on paper. It meant going out into the field to get a feel for the situation and applying that knowledge on information received from both owners as well as engineering contractors.
Understand cost risk reality
As a final result the group of companies has a much clearer view of the cost involved in the project, resulting in reduced cost where possible. Acting as independent third party Cost Engineering has assisted an engineering firm in the process of calculating the cost of a number of projects they are conducting for their clients.
By using Cost Engineering as an independent third party, there have been no discussions about the estimates and negotiations can be focused on the technical aspects of the projects. Statoil's greenfield projects For Statoil, we delivered several services, amongst which we estimated the costs of multiple Greenfield projects as well as integrated with existing plant projects for different locations in Europe.
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With a probability of P Part of this was the evaluation of different scenarios before the transition to the following phase. Most recognize that a better integration of cost estimating, scheduling, risk analysis, cost control and benchmarking is needed to achieve this. Reality is often different. We will be showcasing Cleopatra Enterprise, and how it enables companies to implement Total Cost Management best practices through an integrated project controls solution.
Would you like to meet with us? The number of companies we can visit is limited so please respond as soon as possible. We look forward to meeting with you and share some of our passion! Schedule Meeting Agenda Although the agenda can be tailored to your fields of interest, the following topics can be discussed:.
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