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 […]
Earned Value Management (EVM) Concept
Earned Value Managment – EVM. Why is it so important? Earned Value Management (EVM) has always been challenging to understand. EVM 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 […]