At Any Rate? Defensible Costing Rates

Initial Estimating of a project or program costs requires that a set of rates and norms is available to the estimator. Also, later in the project, during the logistical and execution phases, Cost Control analysts use these rates for cost analysis. If your company is providing a contracted service, then Accounting also uses these rates … Continue reading At Any Rate? Defensible Costing Rates

Why MTO? Drawing-based Scope in your Project or Turnaround

Estimating of Maintenance work is typically based on the hours required to execute the job steps required to maintain each equipment item, and the cost of the materials required, such as bolts, gaskets, etc. We call this Plan-based estimating. Each capital project, turnaround, outage or maintenance program may include a few work scope packages that … Continue reading Why MTO? Drawing-based Scope in your Project or Turnaround

Using Risk Analysis to Inform Work Decisions

Why should RAM (Risk Assessment Matrix) become a thing again? Maintenance work, which includes routine, preventive, predictive, reactive and turnaround, rolls into your ERP or CMMS backlog like a never-ending set of waves. Your backlog of maintenance work orders is overwhelming. It was not long before teams realized that leaving the prioritization to the initiator … Continue reading Using Risk Analysis to Inform Work Decisions

Integrate your Routine with Turnaround, Shutdown and Outage Work Management

Despite performing maintenance on a routine basis (i.e. between planned turnarounds, shutdowns), by doing PMs (preventive maintenance work) on schedule, surprise outages and slowdowns will happen. At times like these you need an easy way to review prospective, planned and materialized work orders, or 'ready' work, for inclusion in the 'pop-up' outage, shutdown or slowdown. … Continue reading Integrate your Routine with Turnaround, Shutdown and Outage Work Management

Dark Matter of Projects – Indirect Work and Costs

Happily, astrophysicists, from the University of Edinburgh and the University of British Columbia, recently presented evidence of dark matter in the universe. This dark matter's mass is what helped them discover its presence. Costs of projects often far exceed their estimated costs. What are the sources of the additional (dark) costs? When dealing with costs … Continue reading Dark Matter of Projects – Indirect Work and Costs