Monthly Archives: November 2013

W14_SSG_Re-estimate project Cost using PERT method


PROBLEM DEFINITION

Currently we are in the start beginning of Execution phase of Topside EPCI project. The baseline duration has been setup. Prior to Kick of Meeting, management is asking project team to estimate the duration of the project in worst case, normal situation, best case and find the estimate cost that is “technically justified”.

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Filed under Sutoyo S, Week 14

W5.1_SSG_Re-estimate project duration using PERT method


PROBLEM DEFINITION

Currently we are in the start beginning of Execution phase of Topside EPCI project. The baseline duration has been setup. Prior to Kick of Meeting, management is asking project team to estimate the duration of the project in worst case, normal situation, best case and find the duration that “technically justified”.

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Filed under Sutoyo S, Week 05

W18_APE_Berth Occupancy Rate Exercise Using Crystal Ball Software


  1. Problem Definition

BOR or Berth Occupancy Rate is one of key element to be used for any port investment assessment. Using BOR information, the Designer then able for designing the wharf size required for vessels berthing. Indeed, the composition of each port BOR depend on logistic planning for cargo and for our port the most important cargo will be sulphur pallets deliver in containers. For W18 blog i will exercise sulphur BOR using crystal ball software.

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Filed under Arif P, Week 18

W17_APE_My Re-Baseline Schedule


  1. Problem Definition

Last week it is been recognized that we already in 50% class program. For W12 it is time for re-baseline schedule due to some changes in our class project. I had personnel communication with DR Paul and from his emails I had the knowledge that there are two methods of doing re-baseline and some conditions for re-baseline. DR Paul suggests me to try these two methods on hands so I can have my understanding for this concept. I used my personnel schedule for exercise re-baseline in W17 blog posting.

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Filed under Arif P, Week 17

W11_AEP_Rebaselining the well work operation using Earned Value


Problem identification

Although earned value (EV) offering a new paradigm on well servicing operation monitoring to measure its performance, the operation itself still contain uncertainties. Well servicing is not a fixed project as the project done on the surface. When we’re working subsurface beneath the ground, so many uncertainties haunts the operation.

A workover operation was performed to shut off the watered formation and recomplete to produce the oil from the same formation. Recompletion means to change all existing completion string and replace with the new one. Unfortunately, we found difficulties when millng and fishing the packer which extends the duration and of course the cost. Decision was made to continue the operation. Looking at the progress and the performance, revision to the program is a necessity.

The EV approach is challenged to help us create and monitor the revised budget and duration.

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Filed under Afriandi EP, Week 11

W7.1_HPO_Determining The Contractor’s IRR in Production Sharing Contract


1. Problem Statement

Production Sharing Contracct (PSC) is a kind of contract between government and investor to share the production of petroleum after deduction of extraction cost. Government and contractor share the risk and result of production. How the contractror should calculate the real IRR of their investment recovery through PSC?

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2 Comments

Filed under Hadianto P, Week 07

W9_HPO_Sensistivity Analysis of The PSC Contractor’s


1. Problem Statement

In this uncertain world we need to make many scenarios if some variable changes which affect to our project results. Continuing from the previous blog cases in blog 6, the actual conditions may vary and influence the economic project’s result. It could be worse or better, so we have to be ready to deal with it. What the effect if one or some variables change in our project assumptions?

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Filed under Hadianto P, Week 09

W8_HPO_Accepting A Project/Contract


1. Problem Statement

Continuing from the previous Blog 6. Determining The Contractor’s IRR in PSC, now contractor must determine whether it should accept the the project/contract or not. Does contractor have to accept the project/contract? Is it economical or uneconomical to contractor?

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Filed under Hadianto P, Week 08

W7_HPO_Determining the Contractor’s IRR in Production Sharing Contract


1. Problem Statement

Production Sharing Contracct (PSC) is a kind of contract between government and investor to share the production of petroleum after deduction of extraction cost. Government and contractor share the risk and result of production. How the contractror should calculate the real IRR of their investment recovery through PSC?

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3 Comments

Filed under Hadianto P, Week 07

W9_ASY_Leasing for Motorcycle Comparison


Problem Statement

Yesterday my wife asked me that she wanted to have a motorcycle for short traveling around daily for shopping around my neighbourhood. Then we search the internet to find what kind of motorcycle she is comfortable with. Finally whe choose Yamaha Vino Classic. The price of motorcycle on the road is IDR 13,750,000.-, I try to find information about leasing company, there are two option which one of company ADR propose with down payment IDR 2,900,000,- with 15 monthly payment IDR 1,028,000,-. And then BSN leasing company propose with down payment IDR 2,500,000,- with 17 monthly payment IDR 927,945,- if I want to buy in installments not in cash, which leasing company gives me better offer to choose?


Figure.1

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Filed under Asyhad, Week 09