Digital Product Development and Decision Making Under Uncertainty

Project Management for Product Development and Decision Making under Uncertainty.visit -

Digital Product Development and Decision Making Under Uncertainty Digitization is dominating in this era of 2nd machine age. A webinar The failure rate of digital products is high. Technology, competitors, and market dynamics are key factors, but one can’t ignore cost and schedule. Cost and schedule model development is the starting point to plan the […]

Capital Project Petrochemical Process Plant, IRR, and NPV Analysis – Webinar

Petrochemical project

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 […]

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, resources 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.  Even developing […]

Decision Tree Analysis for Making Decision Under Uncertainty


Product Development: Before discussing anything on product development let us discuss what is the product? Precisely, a product is ‘Any Thing or Things produced’. More precisely, as per engineering and manufacturing perspective, products are purchased as a raw material and sold as finished goods. In a real world, Product can be tangible or intangible. Typically, either conceiving a […]