Category Archives: Week 04

W4.2_SSG_3D Work Breakdown Structure of Topside of Floating Production Unit for EPCI Contract


PROBLEM DEFINITION

We are now in the end of Concept Definition phase where the contract of EPC-I work will be delivered. One of the contracts requirements in the contract coordination procedure is to develop a structured breakdown of work which is measureable and well organized. Continue reading

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Filed under Sutoyo S, Week 04

W4.1_SSG_3D Work Breakdown Structure of Topside of Floating Production Unit for EPCI Contract


PROBLEM DEFINITION

We are now in the end of Concept Definition phase where the contract of EPC-I work will be delivered. One of the contracts requirements in the contract coordination procedure is to develop a structured breakdown of work which is measureable and well organized. Continue reading

2 Comments

Filed under Sutoyo S, Week 04

W4_AFS_ Learning Curves 2


Problem Recognition, Definition, and Evaluation

The new team for AACE class has already completed its 5 days intensive class and formed the team named Simatupang AACE 2014. In regards to prepare the team for long distance class which is has so many tasks that have to be completed, we have to manage our workload effectively to achieve our target. We have done work loading histogram from my previous blog to compare each activity load hours with each baseline 11 hours to do all activities on this course. To get work loading histogram more real, we will apply learning curve to our histogram to see the impact/change. In the last blog, We have exercised the learning curve refers to Engineering Economy books, This time we will try to apply learning curve using Humphrey’s book as reference. Continue reading

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Filed under A Fahmi S, Week 04

W4_HPO_Choosing The Best Depreciation Method


1. Problem Statement

My friend ask my help to choose the best depreciation method he should apply in his accounting book. He has bought some Kijang Innova cars cost around US$ 25,000 each intended for rentals. Because the rentals is intended for offices, he is ready for 3-years fixed rate with a risk of increasing operation and maintenance cost around 10% inflation each year. He also said that the cars will be rejuvenated for every 5 years and sold at least next year after the commissioning. Because the cars are Toyota’s, the salvage value is predicted to stay around 60% after 5 years conservatively. Tax will be assumed at 30%  averagely.

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Filed under Hadianto P, Week 04

W4_SSG_Investment Decision by Internal Rate of Return


PROBLEM DEFINITION

Considering traffic Jam in Jakarta, many of the worker who live at suburb of Jakarta using motorcycle as mean of transportation to office. This situation gives opportunities to develop a business motorcycle rental. I want to see whether this motorcycle rental is economically justified.

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Filed under Sutoyo S, Week 04

W4.1_SSD_Selection of Solar Photovoltaic System Based on IRR, WACC, and MARR


1. Problem Recognition, Definition and Evaluation

With increasing electricity rate, I am planning to install a photovoltaic solar panels system on my house. I want to investigate which PV arrangement will provide me with a good investment.
For that I use the tool mentioned in Engineering Economy Engineering Book, chapter 5, Introducing Concept of Minimum Attractive Rate of Return (MARR) and Internal Rate of Return (IRR), page
178-211,

The electricity price increases is shown at Table 1.

Year Increase Per

Year (%)

2010
2011
0.05
2012
0.035
2013
0.04

Table 1. Increase of electricity from 2010 until 2013

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1 Comment

Filed under Sadat SD, Week 04

W4_TOM_FPSO Time Charter Commercial Bid Evaluation using Discounted Time Value of Money (WACC) Technique


1 – Problem Recognition, Definition and Evaluation

According to American Petroleum Institute, there are 9 (nine) types of Production Facilities which are:

  1. Deepwater Development Systems
  2. Fixed Platform (FP)
  3. Compliant Tower (CT) 
  4. Tension Leg Platform (TLP)
  5. Mini-Tension Leg Platform (Mini-TLP)
  6. SPAR Platform (SPAR) 
  7. Floating Production System (FPS) 
  8. Subsea System (SS) 
  9. Floating Production, Storage & Offloading System (FPSO)

Source: http://www.api.org/oil-and-natural-gas-overview/exploration-and-production/offshore/offshore-production-facilities

In an oil field Facility Development Project that I am working for now, FPSO is the chosen option for the production facility.


Picture 1 – Picture of an FPSO

Source: http://www.rigzone.com/training/insight.asp?insight_id=299&c_id=12

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Filed under Tommy Edward, Week 04

W4_SSD_Installation of Rooftop Solar Photovoltaic


1. Problem Recognition, Definition and Evaluation

With increasing electricity rate, I am planning to install a photovoltaic solar panels system on my house. I want to investigate which PV arrangement will provide me with a good investment. For that I use the tool mentioned in Engineering Economy Engineering Book, chapter 5, Introducing Concept of Minimum Attractive Rate of Return (MARR) and Internal Rate of Return (IRR), page 178-211,

The electricity price increases is shown at Figure 1.

Figure 1. Electricity rate increase (WA Gov. Department of Finance)

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8 Comments

Filed under Sadat SD, Week 04

W4_ASY_Laundry Project


Problem Statement

This time I continue to discuss further using topic from my previous posting on week 3 now I want to talk about laundry service further in this posting. Evaluating a single project using tools as discussed in in Engineering Economy Engineering Book, chapter 5, page 178-211. Introducing concept of Minimum Attractive Rate of Return (MARR) and Inernal Rate of Return (IRR) to see whether the business investment project should go or not.
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Filed under Asyhad, Week 04

W4_AEP_Adopting EEAP or EDP for Problem-solving Meetings


Problem identification

It was said that the essence of management is in how we run meetings. Meetings should be time-limited and have an agenda. Meetings must be kept short, effective and efficient. There are four reasons for having a meeting: to give information; to get information; to solve a problem; and to make a decision. Solving problems may require a lot of time and should be put in special-attention meetings. The meeting minutes records of what occurs and is said at the meeting. Since the minutes are the legal or official record of the proceedings and actions, it is crucial they are accurate. There is not one universal format applied how to document the minutes. We need to put all important information and the thinking process built in the discussion, not one less, in clear and understandable minutes. A structured and systematic procedure is required to manage the problem-solving sessions and develop its minutes.

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3 Comments

Filed under Afriandi EP, Week 04