Software – GleeYM https://www.gleeym.com GleeYM offers complete risk management , PMO, Mind Mapping, Training and Digital Transformation Servces! Mon, 28 Mar 2022 19:11:09 +0000 en-CA hourly 1 https://wordpress.org/?v=6.9.4 https://www.gleeym.com/wp-content/uploads/2022/01/cropped-gleelogo-1-1-32x32.png Software – GleeYM https://www.gleeym.com 32 32 166212591 Is it important to focus on Access Road Construction for mega Complex remote project? 4 Figures Depict a Complete Story! https://www.gleeym.com/2021/02/16/accessroad/ https://www.gleeym.com/2021/02/16/accessroad/#respond Tue, 16 Feb 2021 18:56:01 +0000 https://www.gleeym.com/?p=2646

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, Risk drivers, Schedule risk analysis, Integrated risk analysis

Summary

Energy and mining projects are complex and mostly being executed in remote areas. Site accessibility, weather, uneven terrain, and mobility are the factors that make it more difficult to execute remote area projects. After asset acquisition and getting all necessary permits, the construction of an access road to actual site area is a topmost priority.

Flash flood is unpredictable and can be showstopper in hilly terrain. Analyzing the impact of flash flood, using Monte Carlo simulation, helps to examine the various scenarios and plan mitigation actions to minimize the risk.

Case Study

The construction of access roads is an extremely important that needs to be done at the right time. Any delay in construction can delay the site access and mobilization of team and equipment for field development, and It also needs to be done with the best equipment and materials available, keeping in mind the specific needs of the client.

Flash Floods are unpredictable. Mostly, water follows its path, but it changes its direction depending upon the water quantity and pressure, etc.

Project Schedule

Level I project schedule is shown in fig. 1:

Level I Schedule developed by Gleeym for schedule and cost risk analysis
Fig. 1- Level 1 Schedule

Uncertainty and Risk

There can be a long list of  risks but considered only three (3) top risks.

  1. Flash Flood – Recurring flash flood from May to Sep to hamper Access Road Construction and Plant site.
  2. Delay in delivery of Bulk Material to site
  3. Unavailability of Skilled Labor

Risks were mapped to the activities along with the uncertainties.

Monte Carlo Simulation

After schedule check, mapping uncertainties and risks to schedule activities ran the Monte Carlo Simulation. The “Distribution Graph” is showing the results for a schedule in fig. 2:

Access Road S curve performed by GleeYM
Fig. 2 - Distribution Graph (S Curve) for a Schedule

With uncertainties and risks, the chances of meeting target date are almost 0%. The distribution graph shows that there will be a 50% (mean) chance that the project will be completed on 22-10-2021 i.e., 57 days.

What about the time-phased cost? The “Distribution Graph” is showing the results for a cost in fig. 3:

Time phase distribution graph for cost by Gleeym
Fig.3 - Distribution Graph (S Curve) for a Cost

With uncertainties and risks, the chances of meeting target estimated costs are almost 3%. The distribution graph shows that there will be 50% (mean) chance that extra cost will be $ 1,445,705. Furthermore, there will be an 80% chance that total project cost will be around $11.72 M.

Probability Cash Flow performed by Gleeym
Fig. 4 - Probabilistic Cash Flow (PCF)

What if to visualize the impact of Flash flood to schedule only? The “Distribution Graph” is showing the impact of Flash flood to a schedule in fig. 5.

Analyzing impact of single risk to a schedule. What if analysis
Fig. 5 - What if Analysis with Flash Flood Risk Only

With only Flash flood risk, the chances of meeting target date are almost 0%. The distribution graph shows that there will be 50% (mean) chance that schedule overrun will be 29 days. Furthermore, there will be an 80% chance that project completion date will be 29-10-2021 i.e., 34 days.

 While access roads can be constructed by any means necessary, it is much more cost-effective to use specialized contractors trained in their construction. Each contractor has specific standards that must be met before they begin any work.

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Conclusion

Access roads are crucial for any oil and gas project, not just for safety but also to allow construction equipment to enter the site, move materials, and complete the project. 

This is a story of a project that will be started out with a big dream and ended with great success. Nothing is easy; everything is challenging, but the results will be rewarding.

Question

Question: What if to build a bridge to over come the impact of a Flash Flood?

 

Answer: I will discuss it in the next article.

 

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]]> https://www.gleeym.com/2021/02/16/accessroad/feed/ 0 2646 Risk Management with Mind Maps https://www.gleeym.com/2020/05/26/webinarmm/ https://www.gleeym.com/2020/05/26/webinarmm/#respond Tue, 26 May 2020 20:37:09 +0000 https://www.gleeym.com/?p=1525

It was a great interactive risk management process walk through with real examples. Discussed:

1- Risk Management plan along with its components

2- Risk Identification. Using sticky notes digitally.

3- Qualitative Risk Analysis. Discussed in details Risk Matrix and who aligned it with Enterprise Risk Management.

4- Quantitative Risk Analysis. Discussed schedule, schedule audit, cost estimates and Monte Carlo simulation in considering real example that is ” Digital Risk Management Project”.

5- Risk Responses: What to consider and how to plan a mitigation actions. Discussed Risk Contingency and how to calculate it.

6- Risk Register: Shown risk register with example

7- Risk Communication: Stakeholder Identification, Stakeholder Analysis and communication with them on a priority basis.

8-Risk Mitigation Actions: SMART, avoid ensure and meetings words. Planned Vs Actual.

Last but not the least ” Threat To opportunity”. Develop new type of simplified BowTie with Mitigation actions instead of impacts.

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GleeYM offers services in risk management, PMO, Mind mapping
Schedule and cost estimates after creating mind map
Pic - Schedule and Cost Estimate with Mind Map

Mind Mapping Services​

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Areas of expertise in Mind mapping, but not limited to:

  1. Project Risk Management; qualitative and quantitative risk analysis for cost and schedule using Monte Carlo Simulation. Enterprise Risk Management (ISO 31000)
  2. Facilitating project planning, risk and project management. Experienced with both physical and virtual)
  3. Visual project management by integrating Mind maps with MS Projects
  4. PMO set up, process Improvement
  5. Enterprise Project Management software planning, deployment and implementation
  6. IT project within Agile, scrum and waterfall (hands on experience with JIRA and Confluence)
  7. Digital Risk Management (Integrating risk management with Cyber security)
  8. Process Safety, HSE and Fire Safety for Oil & Gas
  9. Product Development Physical and Digital
  10. Digital Transformation and Change Management
  11. Training (Experience with both in person and virtual. )

This webinar was recorded for the Biggerplate PRO members.  To find out more, visit https://www.biggerplate.com/PRO

Mind Maps for Business Profitability

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Quantitative Risk Analysis

GleeyM Offer services to identify risks and perform Quantitative Schedule Risk Analysis (QSRA) and Quantitative Cost Risk Analysis (QCRA) for mega complex projects!
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]]> https://www.gleeym.com/2020/05/26/webinarmm/feed/ 0 1525 Planning and Implementing EPPM for PMO using Mind Mapping. How? 1 Picture Illustrates https://www.gleeym.com/2020/03/07/mindmappmo/ https://www.gleeym.com/2020/03/07/mindmappmo/#respond Sat, 07 Mar 2020 05:35:01 +0000 https://www.gleeym.com/?p=1402

Planning and Implementation of EPPM for PMO using Mind Mapping. How? 1 Picture Illustrates

A Digital Transformation program with intensive change management initiative to digitize PMO. Used methodology of MindMapping for planning and facilitating workshops with Stakeholders.

Enterprise level Software Implementation Project Management using MindMap – Digital transformation project. Facilitated the workshop with key stakeholders are developed MindMap to visualize and walk through the complete project life cycle. MindMap helps to brainstorm, organize and link data. 

Connected the dots and realize the opportunity by developing schedule, cost estimates, resource estimates, supply chain mode, and risk management. High level a part of digital output for a digital project is attached.

Case Study

Planned, Designed and Implemented Enterprise Project Management software rollout    for a PMO. Integration with the current system, customization and data synchronization were the key success factors.

It was a P3 project at the enterprise level. The   team was inexperienced in project management, but dynamic and tech-savvy.

  1. Arranged interviews with the key stakeholders;
  2. Facilitated workshop to discuss and identify the gaps; 
  3. Planned  Roadmap for the implementation with clear roles and responsibility;
  4.  Quantitative Cost and Schedule risk analysis using Monte Carlo simulation;

 

High-level mind map is illustrated below:

Planned and Implemented EPPM Solution for PMO using Mind Mapping
EPPM Implementation for PMO
Planned and Implemented EPPM Solution for PMO using Mind Mapping
EPPM solution for PMO

Quantitative Risk Analysis

GleeyM Offer services to identify risks and perform Quantitative Schedule Risk Analysis (QSRA) and Quantitative Cost Risk Analysis (QCRA) for mega complex projects!
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GleeYM can help you with a valuable service to pick and incorporate risk management software for decision making and meeting strategic goals!
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GleeYM Offers Workshop Facilitation to help you to make the best decisions for your business and projects.
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