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 […]

Decisive Decision Making for Digital Risk Management (DRM) – A Headway to Digital Transformation

Big Picture- Decision Tree 5 by

Digital Transformation Aligning resources to remain competitive and meeting strategic goals are cumbersome in this era of “Digital Transformation”. Digital transformation is reshaping the corporate world. Pursuing the digitizing requires a sense of urgency, change management agents, and the ability to choose the optimal decision based on the data. Decision making requires Data as input and presenting data in […]

Earned Value Management (EVM) Concept

Digital World, 2nd machine age

Earned Value (EV) has always been challenging to understand. EV covers 4 to 5 questions in the exam. I am going to narrate an example to explain this concept: Q – A company ABC is hired to install underground pipes for water supply to metropolitan city. Total length is 9 km. The cost is $ […]