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.

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.

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?

W12_SSG_Identify Critical Month during the Project Life Cycle by Applying Pareto’s Law (80% Cost Incurred)

PROBLEM DEFINITION

We are now in starting point of EPC execution phase where the contract of EPC work will be delivered. One of the critical month in the execution phase is when the resource loaded & cost incurred so “expensive”.

W12_APE_Volume Calculation for Shallow Foundation

1. Problem Definition

Working volume is important element for established the cost besides unit price. Currently there are many standards of volume measurement for project quantity surveying. One of them is CESMM [Civil Engineering Standard Method of Measurement] published by The Institution of Civil Engineers. For blog W12, I am trying to compare earthwork volume calculation for shallow foundation following CESMM section E [Earthwork] with traditional method in accordance with OSHA standard.