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Cost Engineering
Topics
> Who is Cost Engineering?

> What is Cleopatra Enterprise?

> Showcase Estimating an Industrial Plant: Class 4 to Class 2

> Questions & Answers




                           www.costengineering.eu
Added value in Cost Engineering


> Expertise

> Cost Data Development

> 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
> Planning, cost control, quantity surveying
> Risk Assessment
> Value management




                            www.costengineering.eu
Cost Data Development

>   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
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
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
References

>   Bulk storage
>   Construction industry
>   EPC(M)
>   Food and Nutrition
>   Government
>   Gas industry
>   Heavy industry
>   Pharmaceutical industry
>   Petro-/chemical industry
>   Power industry
>   Mining & Minerals




                               www.costengineering.eu
Cleopatra Enterprise




                  www.costengineering.eu
Modules


              Project
              Analysis                    Cost
                                       Estimation

Workflow




                                     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




                            www.costengineering.eu
Cost types




  www.costengineering.eu
Direct costs



                            Objects


                            Composites


                            Unit-Rates


                            Details




   www.costengineering.eu
Breakdown structures




       www.costengineering.eu
Breakdown structures




www.costengineering.eu
“What if” analysis




www.costengineering.eu
Project Analysis


> Learn from your past projects
> Compare multiple projects and historical data
> Analyze scope development
> Perform health checks to be more confident
> 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




                         www.costengineering.eu
Cleopatra Enterprise Software Integration
Show case:

 Example Plant




                 www.costengineering.eu
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 2010
   > Finish date: November 2011
   > Project life cycle: from feed to execution

> Plant design
   > 3D model
   > Process flow diagram
   > Equipment list



                            www.costengineering.eu
Show case: Example Plant
>   Class 4 estimate (40% accuracy):
     >   Based on Factors
     >   Parametric Equipment Models
     >   Applying Hand methodology
     >   Distribution of disciplines
>   Class 3 estimate (20% accuracy):
     >   Object re-use (Engineering Standards)
     >   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
     > Equipment Parameters


                                       www.costengineering.eu
Show case: Example Plant
> Benchmarking
   >   Compare Class 4 with Class 3 Estimate
   >   Compare Class 3 with Class 2 Estimate
   >   Analyze using Metrics
   >   View Key Quantities

> Scope Development
   > Create What-if scenario and compare alternatives
   > Show Comparison report

> Cash Flow Analysis
   > Show cash flow and schedule




                            www.costengineering.eu
Questions ?



                 Cost Engineering
HQ - PO box 25, 3330 AA Zwijndrecht, IJsselmeer 32e, 3332
             EX Zwijndrecht, The Netherlands
        T: +31 78 620 09 10 F: +31 78 620 91 42
             E-mail: info@costengineering.eu
                 www.costengineering.eu

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Cost Engineering for Projects

  • 2. Topics > Who is Cost Engineering? > What is Cleopatra Enterprise? > Showcase Estimating an Industrial Plant: Class 4 to Class 2 > Questions & Answers www.costengineering.eu
  • 3. Added value in Cost Engineering > Expertise > Cost Data Development > Education > Professional Services > Software solutions www.costengineering.eu
  • 4. Expertise > Preparing and validating estimates during the complete project life cycle > Developing and supervising contract strategies > Benchmarking > Asset Validation / Verification > Location factors surveys > Planning, cost control, quantity surveying > Risk Assessment > Value management www.costengineering.eu
  • 5. Cost Data Development > 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
  • 6. 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
  • 7. 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
  • 8. References > Bulk storage > Construction industry > EPC(M) > Food and Nutrition > Government > Gas industry > Heavy industry > Pharmaceutical industry > Petro-/chemical industry > Power industry > Mining & Minerals www.costengineering.eu
  • 9. Cleopatra Enterprise www.costengineering.eu
  • 10. Modules Project Analysis Cost Estimation Workflow Risk Interfacing Analyses Websharing www.costengineering.eu
  • 11. Characteristics www.costengineering.eu
  • 12. 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 www.costengineering.eu
  • 13. Cost types www.costengineering.eu
  • 14. Direct costs Objects Composites Unit-Rates Details www.costengineering.eu
  • 15. Breakdown structures www.costengineering.eu
  • 18. Project Analysis > Learn from your past projects > Compare multiple projects and historical data > Analyze scope development > Perform health checks to be more confident > Scheduling and cash flow trending > Benchmark your organization > Business intelligence through regression analysis, pivot tables, or other methods of data mining www.costengineering.eu
  • 19. Workflow Module > Control your document routing > Monitor progress on your projects > Quickly draw your workflow > Personalized dashboard www.costengineering.eu
  • 21. Show case: Example Plant www.costengineering.eu
  • 22. 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 2010 > Finish date: November 2011 > Project life cycle: from feed to execution > Plant design > 3D model > Process flow diagram > Equipment list www.costengineering.eu
  • 23. Show case: Example Plant > Class 4 estimate (40% accuracy): > Based on Factors > Parametric Equipment Models > Applying Hand methodology > Distribution of disciplines > Class 3 estimate (20% accuracy): > Object re-use (Engineering Standards) > 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 > Equipment Parameters www.costengineering.eu
  • 24. Show case: Example Plant > Benchmarking > Compare Class 4 with Class 3 Estimate > Compare Class 3 with Class 2 Estimate > Analyze using Metrics > View Key Quantities > Scope Development > Create What-if scenario and compare alternatives > Show Comparison report > Cash Flow Analysis > Show cash flow and schedule www.costengineering.eu
  • 25. Questions ? Cost Engineering HQ - PO box 25, 3330 AA Zwijndrecht, IJsselmeer 32e, 3332 EX Zwijndrecht, The Netherlands T: +31 78 620 09 10 F: +31 78 620 91 42 E-mail: info@costengineering.eu www.costengineering.eu