Cost Engineering Introduction
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Transcript of Cost Engineering Introduction
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Cost Engineering
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Topics
> Who is Cost Engineering?
> What can Cost Engineering do for you?
> The Cost Engineering Tool: Cleopatra Enterprise
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> Expertise
> Education
> Professional Services
> Software solutions
Added value in Cost Engineering
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> Preparing and validating estimates during the complete project life cycle
> Developing and supervising contract strategies
> Benchmarking
> Asset Validation / Verification
> Location factors surveys
> Developing multi-disciplinary cost libraries
> Planning, cost control, quantity surveying
> Risk Assessment
> Value management
Expertise
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> 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
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Data
> 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
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> All-round cost engineers at your location
> Estimators, planners, cost controllers, quantity surveyors, etc.
> Workload balancing
> Full support from the Cost Engineering home-base
> Support to increase your cost engineering know-how
Professional Services
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> 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
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> Fast and accurate estimating> Estimate your whole project life cycle (design, build,
maintain) in one system;
> Class 4 (40%), Class 3 (20%), Class 2 (10%) in one package
> Gradual increase of accuracy (Class 3½, Class 2½)
> Closing the loop: analyze benchmarks in class 2 estimates as input for class 4 estimates.
> Use standard cost data based on DACE Labour Norms or other 3rd party sources
> Interface with other software tools (3D, planning) to increase efficiency
Cleopatra Enterprise’s Added Value
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Cost estimates as a business toolAll investment information at your fingertipsEnhance your business intelligence through transparency:
Knowing your exact cost (direct, allowances, indirect, escalation, contingency)Knowing the effects on cost of scope changesKeep an overview in complex projects
Use Cleopatra Enterprise for:ProcurementTendering / bidsContractingEstimatingInvestimatesMaintenance
Cleopatra Enterprise’s Added Value
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> Bulk storage
> Construction industry
> EPC(M)
> Food and Nutrition
> Government
> Gas industry
> Heavy industry
> Pharmaceutical industry
> Petro-/chemical industry
> Power industry
> Mining & Minerals
References
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> Petrom: +/- 25 % , value 1,2 billion Euro ( Brown Field )> OMV : +/- 25% , value 50 million Euro ( Brown Field )> Huntsman: +/- 15% , value 11 million Euro (Brown Field )> Lyondell: +/- 10% , value 10 million ( maintenance contract )> BP: +/- 10% , value 42 million Euro ( Turn Around )> Statoil: +/- 15% , value 250 million Euro ( Greenfield )> Nuon: +/- 25% , value 800 million Euro ( Green Field)> Dupont: +/- 10% , value 6 till 20 million Euro (several Brown Field)> Vopak: +/- 10% , value 42 million Euro ( Brown Field )> DSM: +/- 25% , value 125 million Euro ( Green Field )> NAM: +/- All kinds of estimates from 1 million up to 500 million> And many others!
Estimated projects
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Cleopatra Enterprise
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> Accurate cost estimates from initiation to abandonment ranging from small to large projects
> For greenfield, brownfield and maintenance projects
> Informed and transparent decision making
> Increase efficiency through standardization and re-use
> Secure and share your company knowledge
> Flexible to accommodate company specific work processes and breakdown structures
Cleopatra Enterprise
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Cleopatra Enterprise
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WorkflowCost
Estimation
Websharing
Interfacing
Project
Analysis
Risk
Analyses
Modules
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Characteristics
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> 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
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Cost types
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Direct costs
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Breakdown structures
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Breakdown structures
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Project Grand Total
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Project Grand Total
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Project Grand Total
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“What if” analysis
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> Learn from your past projects
> Compare multiple projects and historical data
> Analyze scope development
> Assess your currency spread and risk
> Scheduling and cash flow trending
> Benchmark your organization
> Business intelligence through regression analysis, pivot tables, or other methods of data mining
Project Analysis
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> Control your document routing
> Monitor progress on your projects
> Quickly draw your workflow
> Personalized dashboard
Workflow Module
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> Import and export all Cleopatra documents
> Update your estimates with market quotes or contract tenders
> Direct import of bills of quantities
> Interfacing with engineering systems eg. Comos, PDMS, PDS, CostManager
> Interfacing with ERP systems eg. SAP, Microsoft Dynamics
Excel Interfacing
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Cleopatra Enterprise Excel
Data storage centralized database local files
Methodology proven methodology user dependent
Security strong security open
Multi-user yes no
Maintainability provided complex
Support Cost Engineering single employee
Product off the shelve in-house development
Quality quality framework user dependent
Knowledge reuse always seldom
Workflow yes no
Cleopatra vs. Excel
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Show case:
Example Plant
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> 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 2009> Finish date: November 2010> Project life cycle: from feed to execution
> Plant design> 3D model> Process flow diagram> Equipment list
Show case: Example Plant
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> Class 4 estimate (40% accuracy):> Based on factors> Applying Hand methodology> Distribution of disciplines> Equipment calculation
(DACE, R. Turton [Analysis chem. Proc. 3rd 1998], Elsevier [Chem. Proc. Equip. 2nd edition])
> Class 3 estimate (20% accuracy):> Object re-use (assemblies)> 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
Show case: Example Plant
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