Are Caring about the Penalty Clause in a Mega Construction Project? 3 Questions Need to be Addressed!
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 Equipment Need Services? Contact us! QUANTITATIVE RISK ANALYSIS Summary In construction contracts, usually a limit is put […]
Is it important to focus on Access Road Construction for mega Complex remote project? 4 Figures Depict a Complete Story!
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, Risk drivers, Schedule risk analysis, Integrated risk analysis Summary Energy and mining projects are complex and mostly being executed […]
Digital Product Development and Decision Making Under Uncertainty Digitization is dominating in this era of 2nd machine age. A webinar The failure rate is high in case of digital 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 the starting point […]
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 […]
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 […]
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 […]