Cost Engineering
Topics
> Who is Cost Engineering?
> What can Cost Engineering do for you?
> The Cost Engineering Tool: Cleopatra Enterprise
www.costengineering.eu
Added value in Cost Engineering
> Expertise
> Education
> Professional Services
> Software solutions
www.costengineering.eu
Expertise
> 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
www.costengineering.eu
Academy
> 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
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
Professional Services
> 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
www.costengineering.eu
Cleopatra Enterprise
> The cost engineering tool for fast and accurate
estimates for the complete project life cycle
> Thorough needs analysis
> Optimized implementation
> Customized training
> Global support
www.costengineering.eu
Cleopatra Enterprises Added Value
> 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 3, Class 2)
> 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
www.costengineering.eu
Cleopatra Enterprises Added Value
Cost estimates as a business tool
All investment information at your fingertips
Enhance your business intelligence through transparency:
Knowing your exact cost (direct, allowances, indirect, escalation, contingency)
Knowing the effects on cost of scope changes
Keep an overview in complex projects
Use Cleopatra Enterprise for:
Procurement
Tendering / bids
Contracting
Estimating
Investimates
Maintenance
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References
> Bulk storage
> Construction industry
> EPC(M)
> Food and Nutrition
> Government
> Gas industry
> Heavy industry
> Pharmaceutical industry
> Petro-/chemical industry
> Power industry
> Mining & Minerals
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Estimated projects
> 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!
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Cleopatra Enterprise
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Cleopatra Enterprise
> 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
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Cleopatra Enterprise
www.costengineering.eu
Modules
Workflow
Cost
Estimation
Project
Analysis
Risk
Interfacing Analyses
Websharing
www.costengineering.eu
Characteristics
www.costengineering.eu
Cost Estimation Module
> 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
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Cost types
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Direct costs
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Breakdown structures
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Breakdown structures
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Project Grand Total
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Project Grand Total
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Project Grand Total
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What if analysis
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Project Analysis
> 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
www.costengineering.eu
Workflow Module
> Control your document routing
> Monitor progress on your projects
> Quickly draw your workflow
> Personalized dashboard
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Excel Interfacing
> 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
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Cleopatra vs. Excel
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
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Show case:
Example Plant
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Show case: Example Plant
> 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
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Show case: Example Plant
> 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
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