W12_AEP_Predicting offshore well drilling cost using gold equivalence


Problem identification

Responding Dr. Paul comment on my W9 blog about using gold equivalences as the basis for projecting the costs into the future applied to real oil and gas project, I would like to pick a 6 years data of yearly average unit cost of offshore drilling for analysis.

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Filed under Afriandi EP, Week 12

W19_APE_Asphalt Pavement Core Drill Test


  1. Problem Definition

The common method today for pavement thickness assessment after execution [both asphalt and concrete] compare to contract specification is using core drill method. Consultant Supervision and Client determine method assessment in the bid for payment work item with tolerance according to standard. Field core drill test can be used also to assess pavement quality since we have samples from test points. Both parameters are the guideline for declaring work progress for Contractor.

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Filed under Arif P, Week 19

W12_SSD_Selecting the Right Distribution


  1. Problem Definition

A switchroom is one of the biggest non electrical components in a substation. Based on the information received on several tender submissions, a table which indicate the percentage of design work cost compare to total project cost is developed. The table is shown in Table 1.

To properly use this set of data for estimating purpose, one need to identify what type of probability distribution may fit with the data. This distribution later may be used to calculate the contingency fund. Continue reading

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Filed under Sadat SD, Week 12

W20_SSG_Resource Cost Profile based on Current Update


PROBLEM DEFINITION

Having update the CPM schedule baseline reflected on the W19, the next problem is to identify cost profile due to current update as of Jan 3, 2014.

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Filed under Sutoyo S, Week 20

W19_SSG_Update Progress on CPM Scheduling


PROBLEM DEFINITION

Having developed the CPM schedule baseline reflected on the W16, the next problem is to identify potential delay or ahead schedule due to current performance as of Jan 3, 2014).

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Filed under Sutoyo S, Week 19

W18_SSG_Resource Leveling


PROBLEM DEFINITION

Having developed the cost baseline profile based on Week 16 CPM schedule, I find that resource allocation is not preferable where the resource is so demanding in the beginning and the end of the course. I prefer the time allocation is more “flat” on weekly basis.

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Filed under Sutoyo S, Week 18

W17_SSG_Resource Baseline (Cost Profile)


PROBLEM DEFINITION

I am attending the training of CCP preparation course with several tasks to be completed with tight schedule and limited resource (time & cost). In order to be able to finish the task on time and on budget, I would like to have my own cost baseline based on W16 CPM schedule to be followed.

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Filed under Sutoyo S, Week 17

W16_SSG_CPM Schedule using Primavera (CPM Schedule baseline)


PROBLEM DEFINITION

I am attending the training of CCP preparation course with several tasks to be completed with tight schedule. In order to be able to finish the task on time, I would like to have my own schedule baseline as my guideline to be followed.

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Filed under Sutoyo S, Week 16

W15_SSG_Refining Cost Estimate Using AACE, ANSI Standard Z94.0 and Frond End Loading


PROBLEM DEFINITION

We are now in the stage of requesting Budget approval from Head Quarter. In order to be able to reach that approval, we have to ensure that the budget shall be approved by Indonesian Government (Recovered). Following the strategy, we submit the AFE (approved for Expenditure) for review and approval.

Compared to Plan of Development (POD), it shows that there is increment expected cost from POD, and we need to justify this increment from estimating point of view.

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Filed under Sutoyo S, Week 15

W12_WAS_IRR for Takoyaki


1. Problem Statement
There is a minimarket which has a big parking lot near to my house. Many food truck services park their “truck” there, from Kebab, meatball, noodles, to snow ice. Residential usually buy a snack in those food trucks when shopping at the minimarket. I wonder if I make my own food truck, will it be profitable or not?

Image

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Filed under Week 12, Wirawan ASP