Are Caring about the Penalty Clause in a Mega Construction Project? 3 Questions Need to be Addressed!
Construction Project – Better way to Envisage Your Project’s Future. How? 4 Graphs are Enough to Illustrate! Key Words Construction, penalty, Delay, Contractor, Client, Owner, Construction Project, Project Delivery, Project Controls, Brown Field, Green Field, Cost Estimates, Schedule, Integrated Cost Risk Analysis, Risk Register, Execution, Planning, Remote Area, Skilled Labor, Material Handling, Bulk Material, Construction […]
Is it important to focus on Access Road Construction for mega Complex remote project? 4 Figures Depict a Complete Story!
Real Estate Development Project – Better way to Envisage Your Project’s Future. How? 4 Graphs are Enough to Illustrate! Keywords Access road construction, Mega complex project, Construction project, Schedule delay, Cost overrun, Sensitivity analysis, Uncertainty, Risks, Weather, Flash flood, Energy, Oil & Gas, Mining, Monte Carlo simulation, What if analysis, Distribution graph, Cost risk analysis, […]
5 Ways Risk Management Software Can Help Your Business. Are You Still Not Considering Risk Software?
Real Estate Development Project – Better way to Envisage Your Project’s Future. How? 4 Graphs are Enough to Illustrate! Keywords Risk Management Software, Software Implementation, Risk, Schedule Risk Analysis, Cost Risk Analysis, Monte Carlo Simulation, Risk Register, ERM, Qualitative Risk Analysis, Quantitative Risk Analysis, Schedule, Cost, Dashboards, Data, Business Risk, Financial Risk Contact Summary Risk […]
1 big reason, why to choose Long Lead Item as a “Focused Activity”?
Construction Procurement, Procurement Strategy, Long Lead Item, Gas Process Facility Construction, Sensitivity Analysis, Monte Carlo Analysis, Procurement Risk, Distribution Graph, Cumulative distribution graph, Quantitative Schedule Risk Analysis, Quantitative Cost Risk Analysis
Digital Product Development and Decision Making Under Uncertainty
Digital Product Development and Decision Making Under Uncertainty Digitization is dominating in this era of 2nd machine age. A webinar. Worth watching it. Isn’t? The failure rate is high in case of product Development. Technology, competitors, and market dynamics are the key factors, but one can’t ignore cost and schedule.Cost and schedule model development is […]
Capital Project Petrochemical Process Plant, IRR, and NPV Analysis – Webinar
Capital project for the petrochemical process plant (downstream) is slightly different from other capital projects. It requires estimating Total Installed Cost (TIC) plus Owner cost in order to find the complete project cost. Cost estimation for petrochemical process plant is comprised of equipment specification and definite plant facility information. In this case study, there are […]
Risk Register – Doodle
RIsk Register – Doodle, a Visual illustration! How? he Risk Register, risk log, a repository to record, analyze and store risk data. According to IRM’s A Risk Practitioners Guide to ISO 31000: 2018: “The nature and extent of communication of the information contained in the risk register throughout the risk architecture of the organization also […]
Integrated Cost and Schedule Risk Analysis (IRA). Why? 5 visuals explain it!
Summary In Oil & Gas industry projects are always complex whether onshore or offshore. Remote locations, site access, communities, resource constraints and long lead items (LLI), etc. can be challenging to execute the project. Performed schedule and cost risk analysis with uncertainty using Monte Carlo simulation for Condensate Process and Storage Facility Project. Developing a […]