The operating agreements for over 5,400 social housing units in New Brunswick will expire, ending restrictions and government subsidies. Housing providers should evaluate their projects to determine financial viability after expiry by testing mortgage payments versus subsidies, net operating income, and capital reserves. Possible remedies include raising rents, shifting units to market rents, and obtaining loans, though government assistance may also be needed to maintain affordable housing.
8 Types of Agile Contracts With PicturesJoelDurkee
This document outlines and compares several different project management approaches: Fixed Price, Fixed Scope which stops work when requirements are met; Time and Materials which stops when the client decides; Time and Materials with Fixed Scope and a Cost Ceiling which also stops when requirements are met; Bonus and Penalty Clauses which incentivize faster delivery; Time and Materials with Variable Scope and a Cost Ceiling which stops at the point of maximum profit; Phased Development which delivers functionality quarterly with new budgets and priorities; Fixed Profit where the vendor works at cost after the target date; and Money for Nothing, Changes for Free where the vendor also works at cost after the target date.
This document provides information on environmentally friendly ("Green-Line") medical tables and equipment. It introduces Green-Line products that are indicated by a Green-Line icon and discusses how they offer an environmentally safer alternative to traditional materials for improved air quality. The document then provides details on specific Green-Line table models, including their features, materials used, and options.
This document discusses Logicterm's work with ISO integration standards over 20 years of research and development. It summarizes Logicterm's approach of using top-down logical data models and concepts that cross domains to create integration models. It provides examples of Logicterm's work modeling children's social services and developing a public sector ontology. The document concludes by outlining next steps to pilot an ISO standard for integration in a proof of concept with two or three application domains.
This is an analysis on the Capital Expenditure of the 2016 Budget – Appropriation Bill – with special focus on the Number of Capital Projects to be executed by Ministries, Departments and Agencies (MDAs).
Talk of Anatoly Levenchuk "Why ISO 15926 oil and gas data integration technology is capable to solve of problems that can’t being solved by previous generations of technologies and previous generations of data integration standard" at conference on industrial data integration 29th of April 2013, Moscow.
This document provides information about modular taping stations from Hausmann Industries, including:
- Common features of the taping stations such as durable construction, self-closing drawers and doors, and removable foam upholstered tops.
- Color options for laminate and upholstery.
- Model A9520-346-24 is a 2-seat quick-ship taping station that includes a waste hamper.
- Model A9520 can be customized with options like a full extension pullout drawer.
The operating agreements for over 5,400 social housing units in New Brunswick will expire, ending restrictions and government subsidies. Housing providers should evaluate their projects to determine financial viability after expiry by testing mortgage payments versus subsidies, net operating income, and capital reserves. Possible remedies include raising rents, shifting units to market rents, and obtaining loans, though government assistance may also be needed to maintain affordable housing.
8 Types of Agile Contracts With PicturesJoelDurkee
This document outlines and compares several different project management approaches: Fixed Price, Fixed Scope which stops work when requirements are met; Time and Materials which stops when the client decides; Time and Materials with Fixed Scope and a Cost Ceiling which also stops when requirements are met; Bonus and Penalty Clauses which incentivize faster delivery; Time and Materials with Variable Scope and a Cost Ceiling which stops at the point of maximum profit; Phased Development which delivers functionality quarterly with new budgets and priorities; Fixed Profit where the vendor works at cost after the target date; and Money for Nothing, Changes for Free where the vendor also works at cost after the target date.
This document provides information on environmentally friendly ("Green-Line") medical tables and equipment. It introduces Green-Line products that are indicated by a Green-Line icon and discusses how they offer an environmentally safer alternative to traditional materials for improved air quality. The document then provides details on specific Green-Line table models, including their features, materials used, and options.
This document discusses Logicterm's work with ISO integration standards over 20 years of research and development. It summarizes Logicterm's approach of using top-down logical data models and concepts that cross domains to create integration models. It provides examples of Logicterm's work modeling children's social services and developing a public sector ontology. The document concludes by outlining next steps to pilot an ISO standard for integration in a proof of concept with two or three application domains.
This is an analysis on the Capital Expenditure of the 2016 Budget – Appropriation Bill – with special focus on the Number of Capital Projects to be executed by Ministries, Departments and Agencies (MDAs).
Talk of Anatoly Levenchuk "Why ISO 15926 oil and gas data integration technology is capable to solve of problems that can’t being solved by previous generations of technologies and previous generations of data integration standard" at conference on industrial data integration 29th of April 2013, Moscow.
This document provides information about modular taping stations from Hausmann Industries, including:
- Common features of the taping stations such as durable construction, self-closing drawers and doors, and removable foam upholstered tops.
- Color options for laminate and upholstery.
- Model A9520-346-24 is a 2-seat quick-ship taping station that includes a waste hamper.
- Model A9520 can be customized with options like a full extension pullout drawer.
1257103560 X Mp Lantand Iso15926 Oct2009Giorgio Amici
- XMpLant technology has been used for over 10 years to enable interoperability between engineering software systems using ISO 15926 standards. It has been used on over 80 major commercial projects.
- XMpLant provides mapping and conversion capabilities between different native file formats and ISO 15926-compliant XML files. This allows for exchange of engineering information between different systems.
- XMpLant is currently being used by many major engineering companies for projects involving thousands of documents, 3D models, and other engineering data across multiple applications.
The document discusses establishing appropriate credit limits for customers. It recommends considering qualitative factors like a customer's character, capacity to pay, and capital, as well as quantitative factors from financial statements. A sample credit limit policy is provided that establishes criteria like granting 10% of a customer's tangible net worth as the base limit and adjusting up or down based on additional factors like security, payment history, and financial ratios. The policy outlines obtaining annual financial statements and reviewing accounts regularly.
This document discusses setting internal rating linked limit controls for credit risk management. It examines the current credit portfolio, analyzes return and risk factors, considers risk appetite, and utilizes optimization to determine an appropriate limit structure divided by rating grades. Key points covered include analyzing average RAROC and volatility by grade, stress testing maximum loss scenarios, and ensuring the bank can maintain an 8% BIS ratio under stress conditions. The goal is to optimize the capital structure through setting maximum exposure limits by rating.
Risk is a result or outcome which is other than what is / was expected. It is the amount of money that an investor can afford to lose in the interim, in his quest for certain return on investments. It is a state of uncertainty. Read more to find out how to access your risk appetite.
Banking credit concentration management -limiting setting Eric Kuo
The document discusses concentration risk management through implementing credit limit boundaries based on a bank's risk appetite. It proposes that credit limits should be set not just based on expert judgment but also using risk metrics like PD, LGD and EAD. Concentration risk can arise from large exposures to individual counterparties, related groups, or from concentrations in specific industries, regions or activities. Banks tend to have exposures concentrated in their largest customers and industries, so limits are needed to control this risk and protect banks from unexpected losses that could threaten their credit ratings and market capitalization.
This document discusses duration, a model for measuring interest rate risk. Duration is a measure of how the price of a bond or loan will change in response to changes in interest rates. It represents the weighted average time until cash flows are received. Longer maturity bonds and loans have higher durations, meaning their prices are more sensitive to interest rate changes. Bonds with higher coupons have lower durations. Duration can be used to immunize a financial institution's balance sheet against interest rate risk by matching asset and liability durations.
Duration analysis measures the average life of a financial instrument and how sensitive it is to interest rate changes. It involves comparing the duration of individual assets and liabilities, with duration defined as a weighted average lifetime that gives a direct measure of interest rate sensitivity. A bank's duration gap is determined by taking the difference between the duration of its assets and liabilities, using weighted averages of the durations. While duration gap analysis helps assess interest rate risk, it has limitations including difficulty finding assets and liabilities of exactly the same duration and uncertainty around cash flows from some accounts.
The document discusses interest rate risk and how interest rate swaps and futures can be used to hedge against it. Specifically, it notes that if interest rates rise beyond a fixed rate, firms will incur losses from interest rate risk. It provides an example of a TV firm that lends at a fixed 12% rate but borrows at a variable rate of LIBOR + 0.25%, exposing it to interest rate risk. The document states that interest rate swaps and futures contracts traded on exchanges through brokers can be used to hedge against the risk of rising or falling interest rates.
This document discusses risk appetite and enterprise risk management (ERM). It provides context from 2006-2008 regarding risk appetite definitions from UK regulators. It defines risk appetite as the amount of risk an entity is willing to accept in pursuit of value and in line with strategic objectives. The value of articulating risk appetite is that it allows an entity to clarify desired risks, set the tone from senior management, and establish clear risk preferences. Stakeholders like the board, regulators, rating agencies, and others can influence an entity's risk appetite statement. Key components of a risk appetite include risk capacity, appetite, targets, and tolerances. An example risk appetite statement from ING is also provided.
The document summarizes a presentation on challenges in practical market risk management. It discusses the shift from VaR to expected shortfall measures to better assess tail risk. New regulations are making trading and banking book boundaries clearer and requiring greater emphasis on model testing, back-testing and validation. Market risk systems need to be upgraded to ensure real-time measurements and data availability so risk can be incorporated into trading decisions. Overall regulatory scrutiny and focus from senior management are driving large-scale changes in market risk management.
This document discusses the management of interest rate risk in banks. It defines interest rate risk and explains the main sources of this risk for banks, including re-pricing risk, basis risk, embedded option risk, and yield curve risk. The document then discusses tools for analyzing and measuring interest rate risk, such as gap analysis, simulation models, and rate shift scenarios. Managing interest rate risk is important for banks since their main source of profit relies on the difference between the interest rates paid on liabilities and earned on assets.
Value at Risk (VaR) is a risk measurement technique used to estimate potential losses that could occur from market risk over a specified time period. The document discusses the need for VaR, how it is defined and calculated using historical simulation, its uses, strengths and weaknesses. It emphasizes that VaR should not be used alone and other risk measures like tail measures and stress testing are also important.
Interest rate risk management for banks under Basel II, presentation by Christine Brown, Department of Finance , The University of Melbourne, Shanghai, December 8-12, 2008
This document discusses different types of market risk that banks are exposed to, including liquidity risk, interest rate risk, foreign exchange risk, equity price risk, and commodity price risk. It provides definitions and explanations of these risks, as well as strategies that banks can employ to manage each type of market risk, such as maintaining adequate liquidity, using hedging tools and derivatives, setting prudent exposure limits, and monitoring investments. Diversification alone does not eliminate market or systematic risk for banks.
The document discusses managing interest rate risk in banks, including defining interest rate risk, describing the types of interest rate risks such as repricing risk and basis risk, and strategies for measuring and controlling interest rate risk such as following Basel Committee recommendations and sound risk management practices.
The document discusses transition processes for community associations, including:
- Transition begins when construction of a community association starts and ends when all homes are sold and new homeowners are in charge.
- There are risks if construction is deficient or budgets are inadequate. Transition studies evaluate construction quality and budget sufficiency.
- Setting appropriate expectations and addressing issues non-confrontationally can help ensure problems are solved smoothly.
In today’s global PPP environment, exposure to international best practice is vital
PPP projects have demanding and exacting requirements
In most cases in emerging market economies, at least some of the partners will be international
This document discusses the importance of capacity building for public-private partnership (PPP) projects. It notes that PPP projects have demanding requirements that expect international standards. Effective capacity building is needed to develop practical knowledge of PPP project design, implementation, management, and governance. The document outlines key areas of knowledge needed at different project stages, from developing the business case to procurement and financial close. It emphasizes the need to understand different aspects of PPPs, such as the project lifecycle, private sector accountability, and transitioning from public to private sector funding models.
The finer points of setting up Maintenance Plans, conducting Reserve Fund Studies, and Project Management during large scale remediation projects at condominium properties. We offer a wide variety of building engineering services including Reserve Studies, Transition Studies, and Construction Monitoring. We are eager to assist you in overcoming obstacles in planning for the Life of Your Association. We can help your Association identify risks, reveal opportunities, and manage costs. Our reports are comprehensive, detailed, and easy to understand.
BOARD OF REGISTRATION OF ARCHITECTS AND QUANTITY SURVEYORS (BORAQS) KENYA.
CONTINUOUS PROFESSIONAL DEVELOPMENT (CPD) SEMINAR ON THE THEME: “PROJECT FINANCING AND INVESTMENT PLANNING”.
BY OUMAR DIOP ENG, MBA, PMP
The document provides an overview of conducting a feasibility study for a project. It defines key terms related to feasibility studies and outlines the general components and process. Specifically, it discusses that a feasibility study is conducted by a team of experts to evaluate the potential of a proposed project before significant expenses are incurred. The general template includes sections on legal, marketing, technical, financial, economic, social, and national feasibility. The goal is to determine if the project is feasible or not feasible based on the collected facts, assumptions, and analyses across these areas.
1257103560 X Mp Lantand Iso15926 Oct2009Giorgio Amici
- XMpLant technology has been used for over 10 years to enable interoperability between engineering software systems using ISO 15926 standards. It has been used on over 80 major commercial projects.
- XMpLant provides mapping and conversion capabilities between different native file formats and ISO 15926-compliant XML files. This allows for exchange of engineering information between different systems.
- XMpLant is currently being used by many major engineering companies for projects involving thousands of documents, 3D models, and other engineering data across multiple applications.
The document discusses establishing appropriate credit limits for customers. It recommends considering qualitative factors like a customer's character, capacity to pay, and capital, as well as quantitative factors from financial statements. A sample credit limit policy is provided that establishes criteria like granting 10% of a customer's tangible net worth as the base limit and adjusting up or down based on additional factors like security, payment history, and financial ratios. The policy outlines obtaining annual financial statements and reviewing accounts regularly.
This document discusses setting internal rating linked limit controls for credit risk management. It examines the current credit portfolio, analyzes return and risk factors, considers risk appetite, and utilizes optimization to determine an appropriate limit structure divided by rating grades. Key points covered include analyzing average RAROC and volatility by grade, stress testing maximum loss scenarios, and ensuring the bank can maintain an 8% BIS ratio under stress conditions. The goal is to optimize the capital structure through setting maximum exposure limits by rating.
Risk is a result or outcome which is other than what is / was expected. It is the amount of money that an investor can afford to lose in the interim, in his quest for certain return on investments. It is a state of uncertainty. Read more to find out how to access your risk appetite.
Banking credit concentration management -limiting setting Eric Kuo
The document discusses concentration risk management through implementing credit limit boundaries based on a bank's risk appetite. It proposes that credit limits should be set not just based on expert judgment but also using risk metrics like PD, LGD and EAD. Concentration risk can arise from large exposures to individual counterparties, related groups, or from concentrations in specific industries, regions or activities. Banks tend to have exposures concentrated in their largest customers and industries, so limits are needed to control this risk and protect banks from unexpected losses that could threaten their credit ratings and market capitalization.
This document discusses duration, a model for measuring interest rate risk. Duration is a measure of how the price of a bond or loan will change in response to changes in interest rates. It represents the weighted average time until cash flows are received. Longer maturity bonds and loans have higher durations, meaning their prices are more sensitive to interest rate changes. Bonds with higher coupons have lower durations. Duration can be used to immunize a financial institution's balance sheet against interest rate risk by matching asset and liability durations.
Duration analysis measures the average life of a financial instrument and how sensitive it is to interest rate changes. It involves comparing the duration of individual assets and liabilities, with duration defined as a weighted average lifetime that gives a direct measure of interest rate sensitivity. A bank's duration gap is determined by taking the difference between the duration of its assets and liabilities, using weighted averages of the durations. While duration gap analysis helps assess interest rate risk, it has limitations including difficulty finding assets and liabilities of exactly the same duration and uncertainty around cash flows from some accounts.
The document discusses interest rate risk and how interest rate swaps and futures can be used to hedge against it. Specifically, it notes that if interest rates rise beyond a fixed rate, firms will incur losses from interest rate risk. It provides an example of a TV firm that lends at a fixed 12% rate but borrows at a variable rate of LIBOR + 0.25%, exposing it to interest rate risk. The document states that interest rate swaps and futures contracts traded on exchanges through brokers can be used to hedge against the risk of rising or falling interest rates.
This document discusses risk appetite and enterprise risk management (ERM). It provides context from 2006-2008 regarding risk appetite definitions from UK regulators. It defines risk appetite as the amount of risk an entity is willing to accept in pursuit of value and in line with strategic objectives. The value of articulating risk appetite is that it allows an entity to clarify desired risks, set the tone from senior management, and establish clear risk preferences. Stakeholders like the board, regulators, rating agencies, and others can influence an entity's risk appetite statement. Key components of a risk appetite include risk capacity, appetite, targets, and tolerances. An example risk appetite statement from ING is also provided.
The document summarizes a presentation on challenges in practical market risk management. It discusses the shift from VaR to expected shortfall measures to better assess tail risk. New regulations are making trading and banking book boundaries clearer and requiring greater emphasis on model testing, back-testing and validation. Market risk systems need to be upgraded to ensure real-time measurements and data availability so risk can be incorporated into trading decisions. Overall regulatory scrutiny and focus from senior management are driving large-scale changes in market risk management.
This document discusses the management of interest rate risk in banks. It defines interest rate risk and explains the main sources of this risk for banks, including re-pricing risk, basis risk, embedded option risk, and yield curve risk. The document then discusses tools for analyzing and measuring interest rate risk, such as gap analysis, simulation models, and rate shift scenarios. Managing interest rate risk is important for banks since their main source of profit relies on the difference between the interest rates paid on liabilities and earned on assets.
Value at Risk (VaR) is a risk measurement technique used to estimate potential losses that could occur from market risk over a specified time period. The document discusses the need for VaR, how it is defined and calculated using historical simulation, its uses, strengths and weaknesses. It emphasizes that VaR should not be used alone and other risk measures like tail measures and stress testing are also important.
Interest rate risk management for banks under Basel II, presentation by Christine Brown, Department of Finance , The University of Melbourne, Shanghai, December 8-12, 2008
This document discusses different types of market risk that banks are exposed to, including liquidity risk, interest rate risk, foreign exchange risk, equity price risk, and commodity price risk. It provides definitions and explanations of these risks, as well as strategies that banks can employ to manage each type of market risk, such as maintaining adequate liquidity, using hedging tools and derivatives, setting prudent exposure limits, and monitoring investments. Diversification alone does not eliminate market or systematic risk for banks.
The document discusses managing interest rate risk in banks, including defining interest rate risk, describing the types of interest rate risks such as repricing risk and basis risk, and strategies for measuring and controlling interest rate risk such as following Basel Committee recommendations and sound risk management practices.
The document discusses transition processes for community associations, including:
- Transition begins when construction of a community association starts and ends when all homes are sold and new homeowners are in charge.
- There are risks if construction is deficient or budgets are inadequate. Transition studies evaluate construction quality and budget sufficiency.
- Setting appropriate expectations and addressing issues non-confrontationally can help ensure problems are solved smoothly.
In today’s global PPP environment, exposure to international best practice is vital
PPP projects have demanding and exacting requirements
In most cases in emerging market economies, at least some of the partners will be international
This document discusses the importance of capacity building for public-private partnership (PPP) projects. It notes that PPP projects have demanding requirements that expect international standards. Effective capacity building is needed to develop practical knowledge of PPP project design, implementation, management, and governance. The document outlines key areas of knowledge needed at different project stages, from developing the business case to procurement and financial close. It emphasizes the need to understand different aspects of PPPs, such as the project lifecycle, private sector accountability, and transitioning from public to private sector funding models.
The finer points of setting up Maintenance Plans, conducting Reserve Fund Studies, and Project Management during large scale remediation projects at condominium properties. We offer a wide variety of building engineering services including Reserve Studies, Transition Studies, and Construction Monitoring. We are eager to assist you in overcoming obstacles in planning for the Life of Your Association. We can help your Association identify risks, reveal opportunities, and manage costs. Our reports are comprehensive, detailed, and easy to understand.
BOARD OF REGISTRATION OF ARCHITECTS AND QUANTITY SURVEYORS (BORAQS) KENYA.
CONTINUOUS PROFESSIONAL DEVELOPMENT (CPD) SEMINAR ON THE THEME: “PROJECT FINANCING AND INVESTMENT PLANNING”.
BY OUMAR DIOP ENG, MBA, PMP
The document provides an overview of conducting a feasibility study for a project. It defines key terms related to feasibility studies and outlines the general components and process. Specifically, it discusses that a feasibility study is conducted by a team of experts to evaluate the potential of a proposed project before significant expenses are incurred. The general template includes sections on legal, marketing, technical, financial, economic, social, and national feasibility. The goal is to determine if the project is feasible or not feasible based on the collected facts, assumptions, and analyses across these areas.
An evaluation and analysis of the potential of the proposed project that is based on extensive investigations and research to give full comfort making decisions based on the study
by: lecturer Abd ElRahman J. AlFar
Al-Azhar University of Gaza
This document discusses fundamentals of engineering economics. It introduces engineering economic decisions, types of decisions like equipment selection, and principles of decisions. Key points are that engineering economic decisions involve investment analysis over time considering uncertainty. Five main types of decisions are described relating to improving services, selecting equipment, replacing equipment, new products, and reducing costs. Time and uncertainty are defining aspects of engineering economic projects.
A Crash Course in Canadian Non-Dilutive FundingBoast Capital
This document provides an overview of various types of non-dilutive funding programs available in Canada for technology companies. It discusses programs from Futurpreneur, IRAP, MITACS, Alberta Innovates, TECTERRA, BCIP, SDTC, and bridge financing. The document outlines when each program can be accessed, eligibility requirements, funding amounts, and how SR&ED tax credits can be leveraged along with certain programs. It aims to help companies understand options for accessing non-dilutive capital at different stages from business plan through commercialization.
Manual Project in Public Sector including the stages of initiation, preparation of PC-I,PC-2, Public Private Partnerships, Different modes of Public Private Partnerships, Appraisal including the Risk Assessment, Monitoring and Control and Closure stage of the project.
Project Life Cycle and Phases with Risk Management discussionAbigail Pugal-Somera
The document discusses project life cycles and risk management. It provides an overview of the project cycles used by the Asian Development Bank and World Bank. It then discusses the four phases of a typical project life: pre-investment, investment, operations, and evaluation. The document also outlines steps for risk management, including identifying uncertainties, analyzing risks, prioritizing risks, mitigating risks, planning for emergencies, and measuring/controlling risks. Effective risk management is important for any project to avoid severe consequences.
This document provides an overview of the property development market and process from Lee M. Cashell, CEO of the Business Council of Mongolia. It discusses key factors in property development like securing land, financing, and market timing. It also outlines the development cycle from planning to construction to exit. Charts show increasing property prices and rising numbers of commissioned apartments compared to GDP growth. The document provides guidance on feasibility studies, construction costs, material procurement, and project management.
The document discusses different project life cycle models from the Asian Development Bank and World Bank. It also discusses the various phases of a typical project, including pre-investment, investment, operations, and evaluation. Project risk management is also covered, noting it is important to identify, analyze, prioritize, mitigate, plan for emergencies regarding, and measure/control risks to ensure proper management.
Lean has transformed the way work is done, eliminating waste and increasing value provided to customers. How has Lean impacted design - from Agile to Lean Start Ups? What is a simple method to use in designing for Lean services? How is Lean Design being leveraged to make services simpler in the public sector?
Lean construction aims to transform project management by removing waste and improving productivity, quality, schedules and costs. It draws from lean manufacturing principles to minimize non-value adding activities through tools like target value design, pull scheduling using the Last Planner System, and building information modeling (BIM). Integrated project delivery brings project teams together early through lean contracts to collaboratively design-to-budget and optimize the whole project, rather than sub-optimizing parts. This new approach requires transforming project culture from adversarial to relational and focusing on customer value and continuous improvement.
This document discusses various methods for financial analysis and project selection. It describes numeric models such as net present value (NPV), internal rate of return (IRR), payback period, accounting rate of return (ARR), and return on investment (ROI). It also discusses non-numeric models like sacred cow, operating necessity, and competitive necessity. The key techniques in numeric models are then explained in more detail, including discounting cash flows, calculating NPV, determining payback periods, and how to use these models to evaluate investment projects. Examples are provided to illustrate how to apply these financial analysis methods.
project selection
Non-numeric models
Sacred cow
Operating necessity
competitive necessity
Competitive Benefit model
non numeric models
Payback period
Net present value
scoring
3 a. project life cycle and risk managementDr.R. SELVAM
This document discusses and compares the project life cycles of the Asian Development Bank and World Bank. It outlines the key phases of each organization's project cycle, including preparation, approval, implementation, completion, and evaluation. It also provides details on the typical phases of project identification, opportunity studies, pre-feasibility studies, feasibility studies, appraisal, and implementation. The goal is to understand the different interpretations and approaches to defining a project life cycle by these major global development organizations.
Andy Smith presented on a project to improve engineering department efficiencies at Rodgers Leask Ltd using the DMAIC methodology. In the Define phase, key stakeholders were identified and processes reviewed to develop a problem statement. In the Measure phase, current processes were mapped and data collected to establish a baseline. The Analyze phase found inconsistencies in procedures, documentation, and training. Recommendations in the Improve phase included new training, templates, and documentation procedures. The Control phase implemented audits, tracking, and reviews to sustain the improvements. The project successfully changed processes to benefit quality and reduce safety and financial risks.
The document summarizes benefits of proper cost estimating techniques and provides case studies. It discusses fundamentals of cost estimates, including purpose and potential legal liability. Case studies examine a cost to complete estimate for unfinished subdivision work, finding the plaintiff's claim overstated, and a design-build project where cost overruns occurred due to inadequate contingencies and misaligned expectations between the designer and contractor. The document emphasizes importance of clear communication and standard practices in cost estimating.
Similar to Strategic Planning for 2015 Capital Replacement Projects (20)
The Causes & Solutions to Water Infiltration In Your BuildingKipcon Inc.
This document discusses causes and solutions to water infiltration in buildings. It identifies critical areas where moisture commonly infiltrates, such as roofs, windows, and building facades. The presentation explains how to identify infiltration problems through visual inspections and invasive testing. Solutions include implementing preventative maintenance to catch issues early, and reacting quickly to reported problems by developing specifications and bidding out correction contracts.
Ditching Defect Drama: Keeping Construction Claims ObjectiveKipcon Inc.
When a community is embroiled in a construction defect lawsuit, the challenge becomes making sure the claim is presented objectively, and the cost of the claim won't be more than the corrective work needed. This webinar includes best practices for preventing construction defects and offers alternatives to costly litigation.
Winter Concerns: Ice Damming, De-Icing Chemicals & Other IssuesKipcon Inc.
This document discusses ice damming, which occurs when snow and ice accumulate on roofs due to subfreezing temperatures. Symptoms include a glacier-like pattern of snow melt at the eaves and icicles hanging from the eaves. Ice dams can cause roof and shingle damage as well as water penetration into buildings. Causes include inadequate attic insulation and ventilation, snow buildup on roofs, and extended periods of subzero temperatures. Short-term solutions address symptoms but not causes, while long-term solutions like installing eave flashing and improving attic insulation and ventilation create a "cold roof" to prevent ice dams. The document also briefly discusses de-icing chemicals and their safe application.
Who says money can’t grow on trees 9.30.2014Kipcon Inc.
Who Says Money Can’t Grow on Trees?
Green Solutions for Tomorrow
Part 1: The sources for free money when doing environmental upgrades and how to go about getting the funds.
Part 2: When updating the reserve study, how can you incorporate “going green” so that you save money in the future?
Moderator:
Mohammed Salyani , CPA, Manager
Wilkin & Guttenplan P.C.
Speakers:
Allan Samuels
Energy Squared, LLC
Mitchell Frumkin, PE, RS, CGP
Kipcon
While we all know what a Reserve Study is, this webinar will show you how to make the results of your Reserve Study match your community needs and how to determine what is "adequate" funding.
DEEP LEARNING FOR SMART GRID INTRUSION DETECTION: A HYBRID CNN-LSTM-BASED MODELijaia
As digital technology becomes more deeply embedded in power systems, protecting the communication
networks of Smart Grids (SG) has emerged as a critical concern. Distributed Network Protocol 3 (DNP3)
represents a multi-tiered application layer protocol extensively utilized in Supervisory Control and Data
Acquisition (SCADA)-based smart grids to facilitate real-time data gathering and control functionalities.
Robust Intrusion Detection Systems (IDS) are necessary for early threat detection and mitigation because
of the interconnection of these networks, which makes them vulnerable to a variety of cyberattacks. To
solve this issue, this paper develops a hybrid Deep Learning (DL) model specifically designed for intrusion
detection in smart grids. The proposed approach is a combination of the Convolutional Neural Network
(CNN) and the Long-Short-Term Memory algorithms (LSTM). We employed a recent intrusion detection
dataset (DNP3), which focuses on unauthorized commands and Denial of Service (DoS) cyberattacks, to
train and test our model. The results of our experiments show that our CNN-LSTM method is much better
at finding smart grid intrusions than other deep learning algorithms used for classification. In addition,
our proposed approach improves accuracy, precision, recall, and F1 score, achieving a high detection
accuracy rate of 99.50%.
Home security is of paramount importance in today's world, where we rely more on technology, home
security is crucial. Using technology to make homes safer and easier to control from anywhere is
important. Home security is important for the occupant’s safety. In this paper, we came up with a low cost,
AI based model home security system. The system has a user-friendly interface, allowing users to start
model training and face detection with simple keyboard commands. Our goal is to introduce an innovative
home security system using facial recognition technology. Unlike traditional systems, this system trains
and saves images of friends and family members. The system scans this folder to recognize familiar faces
and provides real-time monitoring. If an unfamiliar face is detected, it promptly sends an email alert,
ensuring a proactive response to potential security threats.
Mechatronics is a multidisciplinary field that refers to the skill sets needed in the contemporary, advanced automated manufacturing industry. At the intersection of mechanics, electronics, and computing, mechatronics specialists create simpler, smarter systems. Mechatronics is an essential foundation for the expected growth in automation and manufacturing.
Mechatronics deals with robotics, control systems, and electro-mechanical systems.
Accident detection system project report.pdfKamal Acharya
The Rapid growth of technology and infrastructure has made our lives easier. The
advent of technology has also increased the traffic hazards and the road accidents take place
frequently which causes huge loss of life and property because of the poor emergency facilities.
Many lives could have been saved if emergency service could get accident information and
reach in time. Our project will provide an optimum solution to this draw back. A piezo electric
sensor can be used as a crash or rollover detector of the vehicle during and after a crash. With
signals from a piezo electric sensor, a severe accident can be recognized. According to this
project when a vehicle meets with an accident immediately piezo electric sensor will detect the
signal or if a car rolls over. Then with the help of GSM module and GPS module, the location
will be sent to the emergency contact. Then after conforming the location necessary action will
be taken. If the person meets with a small accident or if there is no serious threat to anyone’s
life, then the alert message can be terminated by the driver by a switch provided in order to
avoid wasting the valuable time of the medical rescue team.
Generative AI Use cases applications solutions and implementation.pdfmahaffeycheryld
Generative AI solutions encompass a range of capabilities from content creation to complex problem-solving across industries. Implementing generative AI involves identifying specific business needs, developing tailored AI models using techniques like GANs and VAEs, and integrating these models into existing workflows. Data quality and continuous model refinement are crucial for effective implementation. Businesses must also consider ethical implications and ensure transparency in AI decision-making. Generative AI's implementation aims to enhance efficiency, creativity, and innovation by leveraging autonomous generation and sophisticated learning algorithms to meet diverse business challenges.
https://www.leewayhertz.com/generative-ai-use-cases-and-applications/
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Strategic Planning for 2015 Capital Replacement Projects
1. STRATEGIC PLANNING for CAPITAL REPLACEMENT PROJECTS
Mitchell H. Frumkin, P.E., C.G.P., R.S.
President
Kipcon Inc.
800-828-4118
Kipcon.com
MFrumkin@Kipcon.com
2. Who am I ?
•Mitchell H. Frumkin, PE, RS, CGP
•Past President
> Community Associations Institute (CAI) National
> CAI National Research Foundation
> NJ Chapter CAI
•Chair CAI National Reserve Professionals Committee during…
> Development of “National Reserve Study Standards of the Community Associations Institute”
> Development of “Reserve Specialist (R.S.) Designation
•Author: Reserve Funds: How and Why Community Associations Invest Assets (CAI)
•Ongoing Contributor: Audit and Accounting Guide for Common Interest Realty Associations (AICPA)
•Ongoing Speaker on CA Issues
copyright Kipcon Inc. 2014
3. What I Will Be Talking About…
•Lets start at the beginning !
•Why is Strategic Planning Replacement Projects Important ?
•Where do you start ?
•What are the types of projects
•What is the Strategy ?
•The importance of Life Cycle Costs
copyright Kipcon Inc. 2014
4. This is Meant To Be Interactive, So, Please Jump In With Your Thoughts and Ideas !
copyright Kipcon Inc. 2014
11. Strategic Planning is….
a communities process of defining its strategy, or direction, and making decisions on allocating its
re$ource$
to pursue this strategy. It may also extend to control mechanisms for guiding the implementation of the strategy
Wikipedia
copyright Kipcon Inc. 2014
12. Capital Replacement is….
Replacement of a communities common elements as they wear out and is dependent on
re$ource$
being available to perform this work
Mitch Frumkin
copyright Kipcon Inc. 2014
13. With the Result Being Keeping the Property Values High !
copyright Kipcon Inc. 2014
14. So, what is the starting point for you to Strategically Plan for Capital Replacements ?
15. It is MONEY !
In all instances money is a critical component of the strategic plan.
copyright Kipcon Inc. 2014
16. The Description of a Capital Improvement Plan is
•A listing of the capital projects or equipment to be purchased.
•The projects ranked in order of preference.
•The plan for financing the projects.
•A timetable for the construction or completion of the project.
•Justification for the project.
•Explanation of expenses for the project
Wikipedia
copyright Kipcon Inc. 2014
18. Re$erve $tudy
“A budget planning tool which establishes a stable and equitable Funding Plan to offset anticipated future major common area expenditures.”
copyright Kipcon Inc. 2014
19. And lists…
…all of the common elements of the community along with the Re$ource$ needed to perform the replacement work as well as the time when the work will be needed
copyright Kipcon Inc. 2014
25. So You May Need…
•Special Assessment
•Loan
copyright Kipcon Inc. 2014
26. Once You Have The Money, the Project Planning Begins
•Management review of Reserve Study each year is critical
•Receive Board approval to move forward
copyright Kipcon Inc. 2014
27. Evaluate The Projects To Be Done
•Evaluate the projects for logical sequence
•Example : roofs and roads
copyright Kipcon Inc. 2014
28. And Evaluate The Proper Time For The Project?
•Roofs
•Spring through fall
•Roads
•Spring through fall
•Heating Systems
•The cooling season, late spring through early fall
•Cooling Systems
•The heating season, late fall through early spring
copyright Kipcon Inc. 2014
29. Bid Multiple Projects
•If you can bid multiple projects of the same type, the savings can be significant !
•Review the Reserve Study to see what is anticipated for the coming year for your Association
•Group similar project types together
copyright Kipcon Inc. 2014
30. For a Portfolio Manager or a Management Company It Presents Great Opportunities
•If you can bid multiple projects of the same type, the savings can be significant !
•Review the Reserve Study to see what is anticipated for the coming year
•Group similar project types together
copyright Kipcon Inc. 2014
31. Selecting the Design Professional
•Prepare a RFP for what you are looking for or you will get many different scopes
•Design
•Bidding
•Contract Administration
copyright Kipcon Inc. 2014
32. Selecting the Design Professional
•Experience in projects of this type
•References
•Interview
•Do not select based entirely on cost
•Bidding direct to contractors without a spec can be dangerous
•Must understand life cycle costing
copyright Kipcon Inc. 2014
33. Have the Specifications Prepared
•Drawings
•Book
•Pricing format ( retainage)
•Bonds
•Insurance
•Commercial Terms : Have reviewed by Attorney
•Life Cycle Costs vs First Costs
copyright Kipcon Inc. 2014
34. Life Cycle Costing
•The Classic “First Cost” Approach
Option One Option Two
Material Cost
Labor Cost ________ ________
Total Cost
copyright Kipcon Inc. 2014
35. Life Cycle Costing
Option One Option Two
Material Cost
Labor Cost ________ ________
First Cost
30 Yr. Maint. Cost
30 Yr. Energy Cost ________ _________
Total 30 Year Cost
Also must consider any rebates, tax credits etc.
copyright Kipcon Inc. 2014
36. Look For Incentives
•Big Part of strategy especially with mechanical equipment
•Pay For Performance
•Direct Install
•Only good before contracting for work !!
copyright Kipcon Inc. 2014
37. Dsireusa.org NJ State Rebate Programs
•COOLAdvantage Program
•ENERGY STAR Homes Program
•ENERGY STAR Product Rebates
•Home Performance with ENERGY STAR Program
•Large Energy Users Program
•Local Energy Audit Program
•New Jersey Comfort Partners Program
•New Jersey Renewable Energy Incentive Program (Sustainable Biopower)
•New Jersey SmartStart Buildings - Direct Install Program
•New Jersey SmartStart Buildings - New Construction and Retrofits
•Pay for Performance Program
•WARMAdvantage Program
copyright Kipcon Inc. 2014
38. Bid the Project
•Contractors you know
•Open Bid
•References
•Pre bid meeting
copyright Kipcon Inc. 2014
39. Schedule and Start Construction
•Pre construction meeting
•Ongoing inspections for general conformance to plans
•Municipal inspections
copyright Kipcon Inc. 2014
41. A Little Commercial
When it comes time to replace the components on your Reserve Study, Kipcon is a full service engineering firm specializing in Community Associations Roofs Balconies Facades Water Infiltration Expert support Parking Garages Transition Studies Architectural and Engineering Design Call us to walk your community
copyright Kipcon Inc. 2014
42. Thank You…..Questions ?
Mitch Frumkin, PE, RS, CGP
President
MFrumkin@Kipcon.com
Kipcon.com
800 828 4118
copyright Kipcon Inc. 2014