Cost Engineering Introduction
Post on 25-Dec-2014
2171 Views
Preview:
DESCRIPTION
Transcript
Cost Engineering
www.costengineering.eu
Topics
> Who is Cost Engineering?
> What can Cost Engineering do for you?
> The Cost Engineering Tool: Cleopatra Enterprise
www.costengineering.eu
> Expertise
> Education
> Professional Services
> Software solutions
Added value in Cost Engineering
www.costengineering.eu
> Preparing and validating estimates during the complete project life cycle
> Developing and supervising contract strategies
> Benchmarking
> Asset Validation / Verification
> Location factors surveys
> Developing multi-disciplinary cost libraries
> Planning, cost control, quantity surveying
> Risk Assessment
> Value management
Expertise
www.costengineering.eu
> Based on knowledge and experience
> Individual attention in small groups
> Courses to suit managers as well as estimators
> From introducing terminology to estimating and cost management
> Company specific cost engineering programs
> Cost engineering software tools
Academy
www.costengineering.eu
Data
> Standard cost data for your estimates for onshore and offshore
> Multi-disciplinairy
> Various industries and geographical areas
> Based on DACE labour norms (Western Europe)
> Based on Vendor information, historical project data
> Well documented data qualifications
> Yearly maintenance updates possible
> 3rd Party sources:
> Richardson data
> DACE Price Booklet
> Reed business (Dutch civil)
> Van Leeuwen Buizen Pipe & Tube
www.costengineering.eu
> All-round cost engineers at your location
> Estimators, planners, cost controllers, quantity surveyors, etc.
> Workload balancing
> Full support from the Cost Engineering home-base
> Support to increase your cost engineering know-how
Professional Services
www.costengineering.eu
> The cost engineering tool for fast and accurate estimates for the complete project life cycle
> Thorough needs analysis
> Optimized implementation
> Customized training
> Global support
Cleopatra Enterprise
www.costengineering.eu
> Fast and accurate estimating> Estimate your whole project life cycle (design, build,
maintain) in one system;
> Class 4 (40%), Class 3 (20%), Class 2 (10%) in one package
> Gradual increase of accuracy (Class 3½, Class 2½)
> Closing the loop: analyze benchmarks in class 2 estimates as input for class 4 estimates.
> Use standard cost data based on DACE Labour Norms or other 3rd party sources
> Interface with other software tools (3D, planning) to increase efficiency
Cleopatra Enterprise’s Added Value
www.costengineering.eu
Cost estimates as a business toolAll investment information at your fingertipsEnhance your business intelligence through transparency:
Knowing your exact cost (direct, allowances, indirect, escalation, contingency)Knowing the effects on cost of scope changesKeep an overview in complex projects
Use Cleopatra Enterprise for:ProcurementTendering / bidsContractingEstimatingInvestimatesMaintenance
Cleopatra Enterprise’s Added Value
www.costengineering.eu
> Bulk storage
> Construction industry
> EPC(M)
> Food and Nutrition
> Government
> Gas industry
> Heavy industry
> Pharmaceutical industry
> Petro-/chemical industry
> Power industry
> Mining & Minerals
References
www.costengineering.eu
> Petrom: +/- 25 % , value 1,2 billion Euro ( Brown Field )> OMV : +/- 25% , value 50 million Euro ( Brown Field )> Huntsman: +/- 15% , value 11 million Euro (Brown Field )> Lyondell: +/- 10% , value 10 million ( maintenance contract )> BP: +/- 10% , value 42 million Euro ( Turn Around )> Statoil: +/- 15% , value 250 million Euro ( Greenfield )> Nuon: +/- 25% , value 800 million Euro ( Green Field)> Dupont: +/- 10% , value 6 till 20 million Euro (several Brown Field)> Vopak: +/- 10% , value 42 million Euro ( Brown Field )> DSM: +/- 25% , value 125 million Euro ( Green Field )> NAM: +/- All kinds of estimates from 1 million up to 500 million> And many others!
Estimated projects
www.costengineering.eu
Cleopatra Enterprise
www.costengineering.eu
> Accurate cost estimates from initiation to abandonment ranging from small to large projects
> For greenfield, brownfield and maintenance projects
> Informed and transparent decision making
> Increase efficiency through standardization and re-use
> Secure and share your company knowledge
> Flexible to accommodate company specific work processes and breakdown structures
Cleopatra Enterprise
www.costengineering.eu
Cleopatra Enterprise
www.costengineering.eu
WorkflowCost
Estimation
Websharing
Interfacing
Project
Analysis
Risk
Analyses
Modules
www.costengineering.eu
Characteristics
www.costengineering.eu
> Creating solid cost estimates for various elements of a project from feasibility up to construction
> Allocate all types of costs: direct, allowances, indirect, escalation and contingencies
> Creating cost objects e.g. Assemblies
> Monitor and control estimate revisions
> Perform “What-if” analysis
Cost Estimation Module
www.costengineering.eu
Cost types
www.costengineering.eu
Direct costs
www.costengineering.eu
Breakdown structures
www.costengineering.eu
Breakdown structures
www.costengineering.eu
Project Grand Total
www.costengineering.eu
Project Grand Total
www.costengineering.eu
Project Grand Total
www.costengineering.eu
“What if” analysis
www.costengineering.eu
> Learn from your past projects
> Compare multiple projects and historical data
> Analyze scope development
> Assess your currency spread and risk
> Scheduling and cash flow trending
> Benchmark your organization
> Business intelligence through regression analysis, pivot tables, or other methods of data mining
Project Analysis
www.costengineering.eu
> Control your document routing
> Monitor progress on your projects
> Quickly draw your workflow
> Personalized dashboard
Workflow Module
www.costengineering.eu
> Import and export all Cleopatra documents
> Update your estimates with market quotes or contract tenders
> Direct import of bills of quantities
> Interfacing with engineering systems eg. Comos, PDMS, PDS, CostManager
> Interfacing with ERP systems eg. SAP, Microsoft Dynamics
Excel Interfacing
www.costengineering.eu
Cleopatra Enterprise Excel
Data storage centralized database local files
Methodology proven methodology user dependent
Security strong security open
Multi-user yes no
Maintainability provided complex
Support Cost Engineering single employee
Product off the shelve in-house development
Quality quality framework user dependent
Knowledge reuse always seldom
Workflow yes no
Cleopatra vs. Excel
www.costengineering.eu
Show case:
Example Plant
www.costengineering.eu
> Scope> Distillate process: raw product to middle distillate> By products: top and bottom> 28 pieces of equipment (columns, heat exchangers,
tanks, pumps, vessels)> Executed in Western-Europe> Price level date 2009> Finish date: November 2010> Project life cycle: from feed to execution
> Plant design> 3D model> Process flow diagram> Equipment list
Show case: Example Plant
www.costengineering.eu
> Class 4 estimate (40% accuracy):> Based on factors> Applying Hand methodology> Distribution of disciplines> Equipment calculation
(DACE, R. Turton [Analysis chem. Proc. 3rd 1998], Elsevier [Chem. Proc. Equip. 2nd edition])
> Class 3 estimate (20% accuracy):> Object re-use (assemblies)> Tuning for more accuracy> Include allowance, indirect, escalation and contingency> Disciplines: piping, mechanical, E&I, civil, etc.> Parts to be estimated
> Class 2 estimate (10% accuracy)> Detailed Unit-Cost> Bill of Quantity / Material take off input
Show case: Example Plant
www.costengineering.eu
top related