CEE 13.pptx
•Download as PPTX, PDF•
0 likes•1 view
There are different types of capital cost estimates for a process project ranging from a predesign estimate with little information to a detailed estimate based on complete drawings and specifications. Estimates fall into five categories - order-of-magnitude, study, preliminary, definitive, and detailed - with varying levels of accuracy depending on the stage of project development, from ±30% accuracy for order-of-magnitude and study estimates to ±5% accuracy for detailed estimates.
Report
Share
Report
Share
Recommended
SPECIFICATION AND ESTIMATION
This document discusses various methods of construction cost estimation, including preliminary estimates, plinth area method, cubical contents method, unit base method, abstract estimates, detailed estimates, bottom up method, and square foot estimates. It also discusses factors that influence specification, rate analysis, and final estimates. Preliminary estimates provide early project costs but have low accuracy of 20-30%. Detailed estimates use quantities, rates, and specifications to determine costs more accurately. The bottom up method aggregates task estimates to determine total project costs.
Estimation and costing practical norm and thumb rules
This document discusses estimation and costing practices for construction projects. It explains that accurate cost estimation is important before starting a project and depends on accurate drawings, specifications, and assumptions. The norms discussed are based on experience with projects completed in February 2001, though rates and methods may vary. Estimation is useful for arranging labor, materials, funds, and equipment needed and allows for creating schedules and cash flow plans. Estimates are categorized as either approximate, for quick preliminary costs, or detailed, which provides a more reliable and accurate cost accounting for all quantities and factors.
2 types of estimates
This document discusses the different types of estimates used at various stages of a construction project. It describes conceptual, schematic, design development, and procurement phase estimates. For each estimate type, it outlines what information is available, how long it takes to prepare, its intended use, and typical accuracy range. The key points covered are: conceptual estimates rely on limited information and have an accuracy of +/- 20%; schematic estimates are based on 30% complete designs and have an accuracy of +/- 15%; design development estimates use 60% complete plans and have 5-10% accuracy; and procurement estimates use full documents for contractor bidding.
IV -I - EQS - .pptx
The civil engineering construction process involves three main steps: 1) Plans, which include drawings and specifications of the proposed structure; 2) Estimations, to determine the projected cost; and 3) Execution of construction according to the plans and estimations. Estimations require drawings, specifications, and rates to calculate quantities and costs of materials and labor. Different types of estimates include preliminary, detailed, revised, and annual maintenance estimates. Proper estimation is important for project planning, budgeting, procurement, and completion. Accurate measurements, units, and accounting of all items are necessary for a reliable cost estimate.
PEEM 5.pptx
This document outlines the key stages in a project initiation and engineering process. It discusses project licensing, conceptual design, basic engineering, front-end engineering design, and detailed engineering. It also covers types of project cost estimates including order of magnitude estimates (+/- 60%), study estimates (+/- 30%), preliminary estimates (+/- 20%), definitive estimates (+/- 10%), and detailed estimates (+/- 5%). Accurate cost estimates are important for assessing funding needs, economic viability, and avoiding under- or over-funding of projects.
Estimation
This document discusses cost estimating methods for construction projects. It describes unit estimating and factor estimating as methods used to create approximate estimates early in a project's planning. Unit estimating uses a single cost factor like cost per square meter. Factor estimating divides the project into cost components and estimates each separately, like estimating room and amenity costs for a hostel project. Cost indexes use historical cost data from similar past projects to help with preliminary estimating. These methods provide early budget information before detailed design is complete.
Quantity Surveying & valuation.ppt
The document discusses key aspects of quantity surveying and cost estimation for construction projects. It covers the need for and types of estimates, including rough and detailed estimates. It also describes methods for taking out quantities and preparing bills of quantities. Factors to consider in estimation and common units of measurement are outlined.
EstimatingGuidelines.pdf
This document provides guidance for developing cost estimates for WSDOT projects. It outlines WSDOT's cost estimating process, which involves determining the basis of the estimate, preparing a baseline estimate, reviewing the estimate, performing a risk assessment, determining how to communicate the estimate, and obtaining management endorsement. The document provides definitions of key terms and describes cost estimating methodology and how estimating is conducted during different project phases from planning through PS&E. It also addresses training, documentation, data, specialty estimating areas, and reviews. The overall aim is to promote reliable and accurate cost estimating that supports responsible fiscal management and effective project delivery.
Recommended
SPECIFICATION AND ESTIMATION
This document discusses various methods of construction cost estimation, including preliminary estimates, plinth area method, cubical contents method, unit base method, abstract estimates, detailed estimates, bottom up method, and square foot estimates. It also discusses factors that influence specification, rate analysis, and final estimates. Preliminary estimates provide early project costs but have low accuracy of 20-30%. Detailed estimates use quantities, rates, and specifications to determine costs more accurately. The bottom up method aggregates task estimates to determine total project costs.
Estimation and costing practical norm and thumb rules
This document discusses estimation and costing practices for construction projects. It explains that accurate cost estimation is important before starting a project and depends on accurate drawings, specifications, and assumptions. The norms discussed are based on experience with projects completed in February 2001, though rates and methods may vary. Estimation is useful for arranging labor, materials, funds, and equipment needed and allows for creating schedules and cash flow plans. Estimates are categorized as either approximate, for quick preliminary costs, or detailed, which provides a more reliable and accurate cost accounting for all quantities and factors.
2 types of estimates
This document discusses the different types of estimates used at various stages of a construction project. It describes conceptual, schematic, design development, and procurement phase estimates. For each estimate type, it outlines what information is available, how long it takes to prepare, its intended use, and typical accuracy range. The key points covered are: conceptual estimates rely on limited information and have an accuracy of +/- 20%; schematic estimates are based on 30% complete designs and have an accuracy of +/- 15%; design development estimates use 60% complete plans and have 5-10% accuracy; and procurement estimates use full documents for contractor bidding.
IV -I - EQS - .pptx
The civil engineering construction process involves three main steps: 1) Plans, which include drawings and specifications of the proposed structure; 2) Estimations, to determine the projected cost; and 3) Execution of construction according to the plans and estimations. Estimations require drawings, specifications, and rates to calculate quantities and costs of materials and labor. Different types of estimates include preliminary, detailed, revised, and annual maintenance estimates. Proper estimation is important for project planning, budgeting, procurement, and completion. Accurate measurements, units, and accounting of all items are necessary for a reliable cost estimate.
PEEM 5.pptx
This document outlines the key stages in a project initiation and engineering process. It discusses project licensing, conceptual design, basic engineering, front-end engineering design, and detailed engineering. It also covers types of project cost estimates including order of magnitude estimates (+/- 60%), study estimates (+/- 30%), preliminary estimates (+/- 20%), definitive estimates (+/- 10%), and detailed estimates (+/- 5%). Accurate cost estimates are important for assessing funding needs, economic viability, and avoiding under- or over-funding of projects.
Estimation
This document discusses cost estimating methods for construction projects. It describes unit estimating and factor estimating as methods used to create approximate estimates early in a project's planning. Unit estimating uses a single cost factor like cost per square meter. Factor estimating divides the project into cost components and estimates each separately, like estimating room and amenity costs for a hostel project. Cost indexes use historical cost data from similar past projects to help with preliminary estimating. These methods provide early budget information before detailed design is complete.
Quantity Surveying & valuation.ppt
The document discusses key aspects of quantity surveying and cost estimation for construction projects. It covers the need for and types of estimates, including rough and detailed estimates. It also describes methods for taking out quantities and preparing bills of quantities. Factors to consider in estimation and common units of measurement are outlined.
EstimatingGuidelines.pdf
This document provides guidance for developing cost estimates for WSDOT projects. It outlines WSDOT's cost estimating process, which involves determining the basis of the estimate, preparing a baseline estimate, reviewing the estimate, performing a risk assessment, determining how to communicate the estimate, and obtaining management endorsement. The document provides definitions of key terms and describes cost estimating methodology and how estimating is conducted during different project phases from planning through PS&E. It also addresses training, documentation, data, specialty estimating areas, and reviews. The overall aim is to promote reliable and accurate cost estimating that supports responsible fiscal management and effective project delivery.
Quantity Survey and Estimation basic terms
Estimation and costing involves calculating the quantities of materials and labor needed to complete construction projects along with expected costs. This helps determine a project's budget, schedule, and secures necessary funding. Key aspects include measurement books to record work, rate schedules, and contingencies to account for unexpected costs. Estimates include preliminary, detailed and revised versions and consider items like plinth area, cube volume, and labor. Accurate estimation is essential for project planning and management.
Project Cost Management for IEM talk on 13 January 2018.
The document discusses project cost management and financial analysis techniques. It covers:
1) Various cost estimating methods used at different project stages from approximate to detailed estimates.
2) The importance of developing a project budget and allocating costs to work items to establish a cost baseline.
3) Key financial analysis methods used in project appraisal including payback period, net present value (NPV), and internal rate of return (IRR). Positive NPV and highest IRR projects are typically selected.
EstimatesPresentation.pptx
This document provides an overview of construction cost estimating. It discusses that estimating involves calculating quantities, quality, and costs for proposed or existing projects. The main purposes of estimating are to determine project costs and schedule for stakeholders like owners, designers, and contractors. Different types of estimates are described like project estimates, detailed estimates, approximate estimates, and progress estimates. Key factors in estimating are also outlined such as qualifications of the estimator, data collection, cost classifications, and work breakdown structure.
Construction Planning and Scheduling of Residential Building by MS Project by...
This document provides a project report for the planning, scheduling, and estimation of a residential building project consisting of a ground floor and first floor. It includes the project objective, various drawings of the site plan, floor plans, and elevations. It also provides details on the construction planning principles, estimation process, and a title abstract estimate with quantities and costs for various construction items.
EEEC pdf.pdf
The document discusses different types of estimates used in construction projects, including approximate estimates, detailed estimates, quantity estimates, revised estimates, and supplementary estimates. It provides details on the purpose and process for each type. Specifically, it explains that an approximate estimate is a preliminary cost estimate created quickly without detailed design to evaluate the feasibility of a project and help determine if further planning is warranted.
Preparing cost estimation
The document provides information on preparing cost estimations and evaluating project profitability. It discusses inputs like the work breakdown structure and resource requirements that are used to prepare cost estimations. Tools like analogous estimating, parametric modeling, and bottom-up estimating are described for developing cost estimates. Outputs include the cost estimates themselves and supporting details. Methods for evaluating project profitability discussed are payback period, average annual rate of return, net present value, and internal rate of return. Factors like cash flows, investment costs, and discount rates are considered in these calculations to determine whether a project is profitable.
Estimation guidelines and templates
1) Estimation is an essential part of project management used to justify projects, secure resources, understand support impacts, and improve processes.
2) The document describes estimation techniques including three point estimation and base and contingency estimation.
3) Three point estimation uses best, most likely, and worst case estimates to calculate expected value and standard deviation for tasks and projects. Base and contingency separates estimates into minimum bases and risk-based contingencies.
Ecv
The document provides information on various concepts related to construction estimating and costing. It defines key terms like estimate, quantity survey, specifications, rates, and different types of plans used in construction like site plan, line plan, index plan, detailed plan, and center line plan. It also discusses supplementary estimates, administrative approval, technical sanction, lumpsum items, plinth area, circulation area. It describes the process of preparing an estimate including required data, measurements and calculations of quantities.
Thesis presentation (wu 2016)
The document discusses factors affecting the accuracy of cost estimation in building construction projects in Nekemte Town, Ethiopia. It begins with background information on the construction industry and problem statement. It then outlines the objectives, significance, and scope of the study. A literature review covers definitions of cost and estimation, purposes of estimation, factors affecting accuracy, and components of construction costs. The methodology discusses the survey research design, data collection via questionnaires, and data analysis using mean scores. Key findings from the data analysis include that the top factors affecting accuracy are the estimator's experience, consultant's experience and skills, and weather conditions.
Capital Expenditure Estimating Cost of Project
How to perform Capital Expenditure Estimating Cost of Project
2015 Toronto Section Presentation
This document provides an estimate review/validation checklist for assessing the quality and accuracy of cost estimates. It discusses recommended practices for cost estimating terminology, classification systems, and validating estimates. The checklist examines elements like the basis of estimate, engineering documents available, cost metrics, risk analysis, and change management to evaluate the estimate. The goal is to produce estimates that are transparent, explainable, defendable and acceptable through a thorough review process.
Ppt.pptx
This document provides an overview of key concepts for entrepreneurship projects including project identification, formulation, design, evaluation, appraisal, report preparation, management, and feasibility analysis. It discusses project design, essential elements of a project plan such as objectives, requirements, schedule, roles and more. It also covers networking techniques like Gantt charts and PERT charts that can be used to represent and schedule project plans, including how to make and calculate a PERT chart. Finally, it discusses sensitivity analysis and how it assesses how sensitive a project's net present value is to changes in variables.
Estimation and Costing
For civil engineer quantity surveying and estimation costing is very important for any project.
In this presentation we study about the Important terms used in estimation and costing, contingencies, work charge establishment, tools and plants, etc. types of estimates and their functions.
Aspen EPC contracts Estimate classes
Class 5 estimates have the lowest level of project definition between 0-2% complete and rely on conceptual estimating methods like parametric models and analogy. They have the widest accuracy range from -20% to +100% and require the least amount of effort to create, sometimes less than 1 hour. Class 1 estimates have the highest level of project definition 50-100% complete and use detailed unit cost take-offs. They have the narrowest accuracy range from -3% to +15% but require the most effort, possibly over 6,000 hours. The classes progress from less defined estimates with wider accuracy ranges for early planning to highly defined estimates with tighter accuracy ranges for project control.
Types of estimates
The document discusses different types of construction cost estimates. It describes preliminary estimates which provide approximate costs using methods like per unit, plinth area, or cubic content. Detailed estimates involve accurately calculating quantities for each work item. Other estimates include revised estimates for costs exceeding 5% of original estimates, supplementary estimates for additional works, and annual repair estimates for maintenance. Terminology related to construction projects is also defined.
Project selection and estimating technique spencer o’briencpmgt303
This document discusses project cost estimation techniques. It describes top-down and bottom-up estimating, with top-down used early in planning to estimate overall costs and bottom-up used later with more detailed tasks. Estimating methods covered include analogous, parametric, and three-point estimating. Types of costs are direct, like labor, and indirect, like overhead. The document provides guidance on selecting accurate and appropriate estimation methods tailored to project needs.
Suvarna consultancy services
The document discusses the benefits of hiring an independent cost estimating firm rather than relying on estimates from general contractors, noting that independent estimators have no stake in the project's outcome and will provide an unbiased estimate, while general contractors may lowball estimates to secure work or favor their own interests over the client's. Independent estimates can help set accurate budgets, determine project feasibility, and prevent cost overruns.
Software Project Cost Management and estimation
This document discusses key aspects of project cost management including estimating costs, determining budgets, and controlling costs. It provides details on processes, tools and techniques, and outputs for each aspect.
The main processes are estimate costs, determine budget, and control costs. Estimating costs involves tools like expert judgement, analogous estimating, bottom-up estimating, and reserve analysis. Determining the budget aggregates activity costs and includes contingency and management reserves. Controlling costs uses earned value management to track performance against the cost baseline and forecast estimates.
CISA_WK_3.pptx
The document discusses various topics related to information systems acquisition, development, and implementation such as project management methodologies, cost and size estimation techniques, evaluation methods, system development life cycle models and methodologies, testing approaches, and migration strategies. It provides details on project prioritization, estimation using function point analysis and COCOMO, evaluation using critical path methodology and earned value analysis, agile and waterfall development models, unit and integration testing, and parallel migration approach.
PEEM 4.pptx
The document discusses various aspects of project initiation and feasibility studies. It describes the types of feasibility studies conducted including technical, economic, environmental and marketing feasibility. It also outlines the project selection criteria and techniques used such as net present value, internal rate of return and payback period. The stages of engineering design from conceptual to detailed engineering are defined.
PEEM 3.pptx
The document provides an overview of project management concepts including:
- Defining a project and project management
- The typical project life cycle and types of projects
- Key responsibilities and skills of a project manager like credibility, sensitivity, leadership, and stress handling
- Project initiation involves feasibility studies to evaluate ideas and select projects based on criteria before basic engineering and ensuring resources are available.
More Related Content
Similar to CEE 13.pptx
Quantity Survey and Estimation basic terms
Estimation and costing involves calculating the quantities of materials and labor needed to complete construction projects along with expected costs. This helps determine a project's budget, schedule, and secures necessary funding. Key aspects include measurement books to record work, rate schedules, and contingencies to account for unexpected costs. Estimates include preliminary, detailed and revised versions and consider items like plinth area, cube volume, and labor. Accurate estimation is essential for project planning and management.
Project Cost Management for IEM talk on 13 January 2018.
The document discusses project cost management and financial analysis techniques. It covers:
1) Various cost estimating methods used at different project stages from approximate to detailed estimates.
2) The importance of developing a project budget and allocating costs to work items to establish a cost baseline.
3) Key financial analysis methods used in project appraisal including payback period, net present value (NPV), and internal rate of return (IRR). Positive NPV and highest IRR projects are typically selected.
EstimatesPresentation.pptx
This document provides an overview of construction cost estimating. It discusses that estimating involves calculating quantities, quality, and costs for proposed or existing projects. The main purposes of estimating are to determine project costs and schedule for stakeholders like owners, designers, and contractors. Different types of estimates are described like project estimates, detailed estimates, approximate estimates, and progress estimates. Key factors in estimating are also outlined such as qualifications of the estimator, data collection, cost classifications, and work breakdown structure.
Construction Planning and Scheduling of Residential Building by MS Project by...
This document provides a project report for the planning, scheduling, and estimation of a residential building project consisting of a ground floor and first floor. It includes the project objective, various drawings of the site plan, floor plans, and elevations. It also provides details on the construction planning principles, estimation process, and a title abstract estimate with quantities and costs for various construction items.
EEEC pdf.pdf
The document discusses different types of estimates used in construction projects, including approximate estimates, detailed estimates, quantity estimates, revised estimates, and supplementary estimates. It provides details on the purpose and process for each type. Specifically, it explains that an approximate estimate is a preliminary cost estimate created quickly without detailed design to evaluate the feasibility of a project and help determine if further planning is warranted.
Preparing cost estimation
The document provides information on preparing cost estimations and evaluating project profitability. It discusses inputs like the work breakdown structure and resource requirements that are used to prepare cost estimations. Tools like analogous estimating, parametric modeling, and bottom-up estimating are described for developing cost estimates. Outputs include the cost estimates themselves and supporting details. Methods for evaluating project profitability discussed are payback period, average annual rate of return, net present value, and internal rate of return. Factors like cash flows, investment costs, and discount rates are considered in these calculations to determine whether a project is profitable.
Estimation guidelines and templates
1) Estimation is an essential part of project management used to justify projects, secure resources, understand support impacts, and improve processes.
2) The document describes estimation techniques including three point estimation and base and contingency estimation.
3) Three point estimation uses best, most likely, and worst case estimates to calculate expected value and standard deviation for tasks and projects. Base and contingency separates estimates into minimum bases and risk-based contingencies.
Ecv
The document provides information on various concepts related to construction estimating and costing. It defines key terms like estimate, quantity survey, specifications, rates, and different types of plans used in construction like site plan, line plan, index plan, detailed plan, and center line plan. It also discusses supplementary estimates, administrative approval, technical sanction, lumpsum items, plinth area, circulation area. It describes the process of preparing an estimate including required data, measurements and calculations of quantities.
Thesis presentation (wu 2016)
The document discusses factors affecting the accuracy of cost estimation in building construction projects in Nekemte Town, Ethiopia. It begins with background information on the construction industry and problem statement. It then outlines the objectives, significance, and scope of the study. A literature review covers definitions of cost and estimation, purposes of estimation, factors affecting accuracy, and components of construction costs. The methodology discusses the survey research design, data collection via questionnaires, and data analysis using mean scores. Key findings from the data analysis include that the top factors affecting accuracy are the estimator's experience, consultant's experience and skills, and weather conditions.
Capital Expenditure Estimating Cost of Project
How to perform Capital Expenditure Estimating Cost of Project
2015 Toronto Section Presentation
This document provides an estimate review/validation checklist for assessing the quality and accuracy of cost estimates. It discusses recommended practices for cost estimating terminology, classification systems, and validating estimates. The checklist examines elements like the basis of estimate, engineering documents available, cost metrics, risk analysis, and change management to evaluate the estimate. The goal is to produce estimates that are transparent, explainable, defendable and acceptable through a thorough review process.
Ppt.pptx
This document provides an overview of key concepts for entrepreneurship projects including project identification, formulation, design, evaluation, appraisal, report preparation, management, and feasibility analysis. It discusses project design, essential elements of a project plan such as objectives, requirements, schedule, roles and more. It also covers networking techniques like Gantt charts and PERT charts that can be used to represent and schedule project plans, including how to make and calculate a PERT chart. Finally, it discusses sensitivity analysis and how it assesses how sensitive a project's net present value is to changes in variables.
Estimation and Costing
For civil engineer quantity surveying and estimation costing is very important for any project.
In this presentation we study about the Important terms used in estimation and costing, contingencies, work charge establishment, tools and plants, etc. types of estimates and their functions.
Aspen EPC contracts Estimate classes
Class 5 estimates have the lowest level of project definition between 0-2% complete and rely on conceptual estimating methods like parametric models and analogy. They have the widest accuracy range from -20% to +100% and require the least amount of effort to create, sometimes less than 1 hour. Class 1 estimates have the highest level of project definition 50-100% complete and use detailed unit cost take-offs. They have the narrowest accuracy range from -3% to +15% but require the most effort, possibly over 6,000 hours. The classes progress from less defined estimates with wider accuracy ranges for early planning to highly defined estimates with tighter accuracy ranges for project control.
Types of estimates
The document discusses different types of construction cost estimates. It describes preliminary estimates which provide approximate costs using methods like per unit, plinth area, or cubic content. Detailed estimates involve accurately calculating quantities for each work item. Other estimates include revised estimates for costs exceeding 5% of original estimates, supplementary estimates for additional works, and annual repair estimates for maintenance. Terminology related to construction projects is also defined.
Project selection and estimating technique spencer o’briencpmgt303
This document discusses project cost estimation techniques. It describes top-down and bottom-up estimating, with top-down used early in planning to estimate overall costs and bottom-up used later with more detailed tasks. Estimating methods covered include analogous, parametric, and three-point estimating. Types of costs are direct, like labor, and indirect, like overhead. The document provides guidance on selecting accurate and appropriate estimation methods tailored to project needs.
Suvarna consultancy services
The document discusses the benefits of hiring an independent cost estimating firm rather than relying on estimates from general contractors, noting that independent estimators have no stake in the project's outcome and will provide an unbiased estimate, while general contractors may lowball estimates to secure work or favor their own interests over the client's. Independent estimates can help set accurate budgets, determine project feasibility, and prevent cost overruns.
Software Project Cost Management and estimation
This document discusses key aspects of project cost management including estimating costs, determining budgets, and controlling costs. It provides details on processes, tools and techniques, and outputs for each aspect.
The main processes are estimate costs, determine budget, and control costs. Estimating costs involves tools like expert judgement, analogous estimating, bottom-up estimating, and reserve analysis. Determining the budget aggregates activity costs and includes contingency and management reserves. Controlling costs uses earned value management to track performance against the cost baseline and forecast estimates.
CISA_WK_3.pptx
The document discusses various topics related to information systems acquisition, development, and implementation such as project management methodologies, cost and size estimation techniques, evaluation methods, system development life cycle models and methodologies, testing approaches, and migration strategies. It provides details on project prioritization, estimation using function point analysis and COCOMO, evaluation using critical path methodology and earned value analysis, agile and waterfall development models, unit and integration testing, and parallel migration approach.
Similar to CEE 13.pptx (20)
Project Cost Management for IEM talk on 13 January 2018.
Project Cost Management for IEM talk on 13 January 2018.
Construction Planning and Scheduling of Residential Building by MS Project by...
Construction Planning and Scheduling of Residential Building by MS Project by...
Project selection and estimating technique spencer o’briencpmgt303
Project selection and estimating technique spencer o’briencpmgt303
More from PradeepTalwelkar
PEEM 4.pptx
The document discusses various aspects of project initiation and feasibility studies. It describes the types of feasibility studies conducted including technical, economic, environmental and marketing feasibility. It also outlines the project selection criteria and techniques used such as net present value, internal rate of return and payback period. The stages of engineering design from conceptual to detailed engineering are defined.
PEEM 3.pptx
The document provides an overview of project management concepts including:
- Defining a project and project management
- The typical project life cycle and types of projects
- Key responsibilities and skills of a project manager like credibility, sensitivity, leadership, and stress handling
- Project initiation involves feasibility studies to evaluate ideas and select projects based on criteria before basic engineering and ensuring resources are available.
PEEM 2.pptx
This document provides an introduction to project management. It defines a project as a temporary endeavor with a start and finish date, undertaken to create a unique product or service. Project management involves planning, organizing, monitoring, and controlling all aspects of a project to meet objectives. The project life cycle consists of stages that may overlap and vary in duration. Common project types include construction, manufacturing, and management projects. The role of a project manager is to direct resources through the project life to achieve goals related to scope, cost, time, quality and satisfaction.
PEEM 1.pptx
This document provides an overview of Project Engineering and Entrepreneurship Management. It discusses key concepts like the definition of a project, project management, and the project life cycle. The document is divided into 6 modules that cover topics such as project initiation, planning, scheduling, monitoring, and entrepreneurship. It also defines what constitutes a project, project management, and their characteristics. The overall goal is to introduce fundamental project management principles.
CEE 20.pptx
The company is considering three alternative investments that provide the same service. To determine which investment to accept, if any, the company will evaluate the investments based on their (a) rate of return on initial investment, (b) minimum payout period with no interest charge, (c) discounted cash flow, (d) net present worth, and (e) capitalized costs. The company requires a minimum annual return of 15% after taxes for any investment and will use straight-line depreciation and end-of-year cost and profit analysis in the evaluation.
CEE 19.pptx
The document discusses principles for evaluating alternative investments when multiple options are available that provide equivalent functional results but differ in their required capital investment and ongoing expenses. It provides guidelines for systematically comparing investment options on an incremental basis to identify the most profitable alternative. This includes recommending the investment with the minimum required capital that provides the necessary results and required rate of return, unless a specific reason exists to accept an alternative requiring more initial capital that offers an acceptable incremental return.
CEE 18.pptx
A chemical plant needs to concentrate a caustic soda liquor and must choose between a single-effect or multiple-effect evaporator. There are four potential designs to recover waste heat, ranging in initial investment from $30,000 to $70,000. The design with an investment of $50,000 that yields a 20% return should be recommended, as it has the lowest investment of the designs that meet or exceed the required 10% minimum return. Incremental investments should only be considered if they provide an adequate incremental return compared to the next lowest investment option.
CEE 17.pptx
This document discusses various methods for evaluating the profitability of potential investments and projects. It describes profitability, the need to consider alternative investments and returns, and minimum profitability standards. Key methods for evaluating project profitability discussed include total profit, return on investment, discounted cash flow, net present worth, capitalized costs, and payout period. The document provides examples of calculating return on investment both before and after taxes, and incorporating a minimum required profit. Overall it aims to explain the importance of profitability analysis and various quantitative techniques for assessing potential investments.
Cost & Asset Accounting.pptx
Here are the calculations using the three different methods:
(a) Current-average method:
- Total kg purchased: 10,000 + 8,000 + 6,000 = 24,000 kg
- Total cost: 10,000 * $0.030 + 8,000 * $0.028 + 6,000 * $0.031 = $720 + $224 + $186 = $1,130
- Average cost per kg = Total cost / Total kg = $1,130 / 24,000 = $0.0471 per kg
- Cost of 12,000 kg at average cost = 12,000 * $0.0471 = $564
(b) FIFO method:
CEE 16.pptx
This document provides an overview of demand and supply analysis, including:
1. It defines the law of demand and law of supply, stating that demand is inversely related to price while supply is directly related.
2. It lists the assumptions of each law, such as income, tastes, and prices of substitutes remaining constant.
3. It discusses exceptions to the laws, like Giffen goods or expectations about future prices.
4. It explains key concepts like demand and supply schedules, demand and supply curves, and determinants that impact demand and supply.
CEE 15.pptx
The document discusses several key concepts related to economics of production and growth including: production functions, diseconomies of scale, features of economic growth such as increasing output through more/better resources, barriers to growth like poor infrastructure, the difference between economic growth and development, determinants of growth, stages of growth, and growth strategies like balanced/unbalanced growth and big push strategies.
CEE 14.pptx
This document provides an introduction to basic economic concepts including definitions of economics, the concept of needs and markets. It discusses different types of markets such as perfect competition and monopoly. It also covers the concepts of price discrimination, costs including total, fixed and variable costs. Price discrimination is defined as charging different prices for the same good or service. The three types of price discrimination - first degree, second degree and third degree - are explained.
CEE 12.pptx
The annual direct costs of a plant operating at 70% capacity are $280,000 and fixed costs are $200,000. To calculate the break-even point in units, total annual sales of $560,000 at $40 per unit are used along with the total costs of $280,000 + $200,000 = $480,000. At 100% capacity, the annual gross earnings and net profit are calculated based on a tax structure of 15% on the first $50,000 of earnings, 25% from $50,000 to $75,000, 34% above $75,000, and 5% from $100,000 to $335,000.
CEE 11.pptx
Here are the steps to solve this problem:
1) Break-even point calculation:
- Direct production costs at 70% capacity = $280,000
- Fixed costs = $200,000
- Total costs = $280,000 + $200,000 = $480,000
- Sales at break-even = Total costs = $480,000
- Sales are $40 per unit
- So units at break-even = $480,000 / $40 = 12,000 units
2) Gross earnings and net profit at 100% capacity:
- Capacity = 14,000 units (12,000 units / 0.7 = 14,000 units at 100%)
- Sales =
CEE 10.pptx
The document discusses different types of capital cost estimates for chemical processes at various stages of development:
1. Order-of-magnitude estimates based on similar past costs have an accuracy of ±30%.
2. Study estimates based on major equipment knowledge have an accuracy up to ±30%.
3. Preliminary estimates with budgetable data have an accuracy within +20%.
4. Definitive estimates with almost complete data before drawings have an accuracy within ±10%.
5. Detailed estimates based on complete drawings and specs have an accuracy within +5%.
CEE 8.pptx
The document discusses methods for estimating total product costs for a manufacturing plant. It describes how total product costs are calculated and categorized, including manufacturing costs and general expenses. Manufacturing costs include direct production costs, fixed charges, and plant overhead costs. Direct production costs make up the largest portion at 66% of total product costs and include raw materials, labor, utilities, and maintenance. The document provides examples and percentages for how different cost elements are typically estimated within each category of total product costs.
CEE 7.pptx
This document provides information on estimating costs for process plants, including:
- Total capital investment (TCI) includes fixed capital investment (FCI) and working capital (WC)
- Fixed capital investment includes direct costs like equipment and buildings, and indirect costs like engineering
- Total product cost includes direct production costs, fixed charges, overhead, and general expenses
- Various methods are described to estimate costs at different stages of a project from preliminary to detailed
- Examples are given to calculate costs based on information like annual production, sales price, raw material costs
CEE 6.pptx
Here are the steps to estimate the manufacturing cost per 100 kg of product:
1. Raw material cost = $0.25/kg x 100 kg = $25
2. Utilities cost
- Steam = 50 kg/kg x $0.05/kg = $2.5
- Electric power = 0.9 kWh/kg x $0.1/kWh = $0.09
- Water = 0.083 m3/kg x $1/m3 = $0.083
- Total utilities = $2.5 + $0.09 + $0.083 = $2.633
3. Labor cost
- No. of employees per shift = 12
- W
CEE 5.pptx
This document discusses cost estimation and cash flow analysis for industrial projects. It explains that cash flows for income and expenses can be considered continuous rates over time. Depreciation is recognized as a cost before taxes and profits. A cash flow diagram shows income, operating costs, depreciation, taxes, and net profits over the estimated life of a project. The diagram illustrates that total capital investment is paid off through cash flows from profits over 5 years, and then additional profits accumulate until the end of the 10-year project life. The final cash position results in a net profit over the life of the project.
CEE 4.pptx
This document discusses cost estimation for capital projects. It explains that fixed capital for equipment can be considered instantaneous while payments are spread over construction. Working capital is needed continuously to account for irregular income and costs. Cash flows in as income and out as operating costs. Profits are income minus costs, while depreciation and taxes are later deducted from profits. Fixed capital investment includes direct costs for equipment and indirect non-manufacturing costs like buildings. Working capital covers inventory, receivables, payables, and cash for expenses. The ratio of working capital to total investment varies by industry and demand seasonality.
More from PradeepTalwelkar (20)
Recently uploaded
Modelagem de um CSTR com reação endotermica.pdf
Modelagem em função de transferencia. CSTR não-linear.
ACEP Magazine edition 4th launched on 05.06.2024
This document provides information about the third edition of the magazine "Sthapatya" published by the Association of Civil Engineers (Practicing) Aurangabad. It includes messages from current and past presidents of ACEP, memories and photos from past ACEP events, information on life time achievement awards given by ACEP, and a technical article on concrete maintenance, repairs and strengthening. The document highlights activities of ACEP and provides a technical educational article for members.
CHINA’S GEO-ECONOMIC OUTREACH IN CENTRAL ASIAN COUNTRIES AND FUTURE PROSPECT
The rivalry between prominent international actors for dominance over Central Asia's hydrocarbon
reserves and the ancient silk trade route, along with China's diplomatic endeavours in the area, has been
referred to as the "New Great Game." This research centres on the power struggle, considering
geopolitical, geostrategic, and geoeconomic variables. Topics including trade, political hegemony, oil
politics, and conventional and nontraditional security are all explored and explained by the researcher.
Using Mackinder's Heartland, Spykman Rimland, and Hegemonic Stability theories, examines China's role
in Central Asia. This study adheres to the empirical epistemological method and has taken care of
objectivity. This study analyze primary and secondary research documents critically to elaborate role of
china’s geo economic outreach in central Asian countries and its future prospect. China is thriving in trade,
pipeline politics, and winning states, according to this study, thanks to important instruments like the
Shanghai Cooperation Organisation and the Belt and Road Economic Initiative. According to this study,
China is seeing significant success in commerce, pipeline politics, and gaining influence on other
governments. This success may be attributed to the effective utilisation of key tools such as the Shanghai
Cooperation Organisation and the Belt and Road Economic Initiative.
Recycled Concrete Aggregate in Construction Part III
Using recycled concrete aggregates (RCA) for pavements is crucial to achieving sustainability. Implementing RCA for new pavement can minimize carbon footprint, conserve natural resources, reduce harmful emissions, and lower life cycle costs. Compared to natural aggregate (NA), RCA pavement has fewer comprehensive studies and sustainability assessments.
Electric vehicle and photovoltaic advanced roles in enhancing the financial p...
Climate change's impact on the planet forced the United Nations and governments to promote green energies and electric transportation. The deployments of photovoltaic (PV) and electric vehicle (EV) systems gained stronger momentum due to their numerous advantages over fossil fuel types. The advantages go beyond sustainability to reach financial support and stability. The work in this paper introduces the hybrid system between PV and EV to support industrial and commercial plants. This paper covers the theoretical framework of the proposed hybrid system including the required equation to complete the cost analysis when PV and EV are present. In addition, the proposed design diagram which sets the priorities and requirements of the system is presented. The proposed approach allows setup to advance their power stability, especially during power outages. The presented information supports researchers and plant owners to complete the necessary analysis while promoting the deployment of clean energy. The result of a case study that represents a dairy milk farmer supports the theoretical works and highlights its advanced benefits to existing plants. The short return on investment of the proposed approach supports the paper's novelty approach for the sustainable electrical system. In addition, the proposed system allows for an isolated power setup without the need for a transmission line which enhances the safety of the electrical network
[JPP-1] - (JEE 3.0) - Kinematics 1D - 14th May..pdf
Kinematics 11th jpp- 01. ( Solved ) unacademy namo kaul on 14th may...
RAT: Retrieval Augmented Thoughts Elicit Context-Aware Reasoning in Long-Hori...
RAT: Retrieval Augmented Thoughts Elicit Context-Aware Reasoning in Long-Horizon Generation
DfMAy 2024 - key insights and contributions
We have compiled the most important slides from each speaker's presentation. This year’s compilation, available for free, captures the key insights and contributions shared during the DfMAy 2024 conference.
IEEE Aerospace and Electronic Systems Society as a Graduate Student Member
IEEE Aerospace and Electronic Systems Society as a Graduate Student Member
A review on techniques and modelling methodologies used for checking electrom...
The proper function of the integrated circuit (IC) in an inhibiting electromagnetic environment has always been a serious concern throughout the decades of revolution in the world of electronics, from disjunct devices to today’s integrated circuit technology, where billions of transistors are combined on a single chip. The automotive industry and smart vehicles in particular, are confronting design issues such as being prone to electromagnetic interference (EMI). Electronic control devices calculate incorrect outputs because of EMI and sensors give misleading values which can prove fatal in case of automotives. In this paper, the authors have non exhaustively tried to review research work concerned with the investigation of EMI in ICs and prediction of this EMI using various modelling methodologies and measurement setups.
Presentation of IEEE Slovenia CIS (Computational Intelligence Society) Chapte...
Presentation of IEEE Slovenia CIS (Computational Intelligence Society) Chapte...University of Maribor
Slides from talk presenting:
Aleš Zamuda: Presentation of IEEE Slovenia CIS (Computational Intelligence Society) Chapter and Networking.
Presentation at IcETRAN 2024 session:
"Inter-Society Networking Panel GRSS/MTT-S/CIS
Panel Session: Promoting Connection and Cooperation"
IEEE Slovenia GRSS
IEEE Serbia and Montenegro MTT-S
IEEE Slovenia CIS
11TH INTERNATIONAL CONFERENCE ON ELECTRICAL, ELECTRONIC AND COMPUTING ENGINEERING
3-6 June 2024, Niš, SerbiaRecently uploaded (20)
Manufacturing Process of molasses based distillery ppt.pptx
Manufacturing Process of molasses based distillery ppt.pptx
CHINA’S GEO-ECONOMIC OUTREACH IN CENTRAL ASIAN COUNTRIES AND FUTURE PROSPECT
CHINA’S GEO-ECONOMIC OUTREACH IN CENTRAL ASIAN COUNTRIES AND FUTURE PROSPECT
Recycled Concrete Aggregate in Construction Part III
Recycled Concrete Aggregate in Construction Part III
Electric vehicle and photovoltaic advanced roles in enhancing the financial p...
Electric vehicle and photovoltaic advanced roles in enhancing the financial p...
[JPP-1] - (JEE 3.0) - Kinematics 1D - 14th May..pdf
[JPP-1] - (JEE 3.0) - Kinematics 1D - 14th May..pdf
RAT: Retrieval Augmented Thoughts Elicit Context-Aware Reasoning in Long-Hori...
RAT: Retrieval Augmented Thoughts Elicit Context-Aware Reasoning in Long-Hori...
IEEE Aerospace and Electronic Systems Society as a Graduate Student Member
IEEE Aerospace and Electronic Systems Society as a Graduate Student Member
A review on techniques and modelling methodologies used for checking electrom...
A review on techniques and modelling methodologies used for checking electrom...
Presentation of IEEE Slovenia CIS (Computational Intelligence Society) Chapte...
Presentation of IEEE Slovenia CIS (Computational Intelligence Society) Chapte...
CEE 13.pptx
- 1. Types of Capital Cost Estimates • An estimate of the capital investment for a process may vary from a predesign estimate based on little information except the size of the proposed project to a detailed estimate prepared from complete drawings and specifications • Between these two extremes of capital-investment estimates, there can be numerous other estimates which vary in accuracy depending upon the stage of development of the project • These estimates are called by a variety of names, but the following five categories represent the accuracy range and designation normally used for design purposes
- 2. 1. Order-of-magnitude estimate (ratio estimate) based on similar previous cost data; probable accuracy of estimate over ± 30 percent 2. Study estimate (factored estimate) based on knowledge of major items of equipment; probable accuracy of estimate up to ±30 percent 3. Preliminary estimate (budget authorization estimate; scope estimate) based on sufficient data to permit the estimate to be budgeted; probable accuracy of estimate within +20 percent 4. Definitive estimate (project control estimate) based on almost complete data but before completion of drawings and specifications; probable accuracy of estimate within ±10 percent 5. Detailed estimate (contractor’s estimate) based on complete engineering drawings, specifications, and site surveys; probable accuracy of estimate within +5 percent