Scribd Logo
Upload

Welcome to Scribd!

  • 4 views

    2007 12 13 THS Project Estimate Classification

    Uploaded by

    Dave C

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    2007 12 13 THS Project Estimate Classification

    Uploaded by

    Dave C
    4 views1 page

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    4 views1 page

    2007 12 13 THS Project Estimate Classification

    Uploaded by

    Dave C

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    Capital Project Estimate Classification

    THS Standard Guidelines

    Item Detail

    Class number 0 1 2 3

    Description Project Concept Feasibility Project Approval Control

    Purpose Test business case and Select project option & Basis for approval to proceed Project management info.
    strategic fit. Develop plan of demonstrate viability. with project. Selected option Detailed engineering complete.
    action & intentions. Test key aspects. engineered & budgeted fully. End-Of-Job forecast.

    Accuracy Without contingency +45% +25% +15% +10%

    Contingency Typical at 85% 30%+ 15-20% 8-12% 5-8%

    Days to prepare 5 15-25 25-100 90-150

    Cost of estimate <1% 1-2% 3-5% 10-20%

    Engineering design Percent complete 1% 10% 20% 30-50%

    Scope definition Strategic intent, market Conceptual Preliminary Detailed Finalised


    analysis, business fit

    Project Team Multidisciplinary Ad hoc Core team Full time team Implementation team

    Site and Land Location & conditions Assumed General / preliminary Finalised Finalised
    Maps & surveys None Preliminary Detailed Detailed
    Soils analysis Assumed Preliminary Detailed Finalised
    Foundations tests None Assumed Preliminary Finalised
    Hydrology Assumed Preliminary Detailed Finalised
    Infrastructure requirements Assumed Preliminary Detailed Finalised
    Site visit Optional Recommended Essential Team on site

    Infrastructure Logistics (road, rail, etc) Assumed Preliminary Detailed Finalised


    Utilities (water, electricity, etc) Assumed Preliminary Detailed Finalised

    Plant & process Nature of plant Conceptual Probable Selected Finalised


    Plant capacity Assumed Preliminary Finalised Finalised
    Layout Assumed Assumed Detailed Finalised
    Process design criteria Conceptual Detailed Finalised Finalised
    Process Flow Diagrams Block-flow Preliminary Optimised & finalised Finalised
    Energy & Mass Balances Simplified, if possible Preliminary Optimised & finalised Finalised
    Laboratory / bench scale tests If available Essential Finalised Finalised
    Pilot plant tests None If possible Essential Finalised
    Equipment selection & sizing Notional & estimated Preliminary Optimised & detailed Finalised
    Specifications None Typical General Finalised
    Control philosophy Assumed Preliminary Detailed Finalised

    Engineering design Mechanical GA's None Outline First-pass optimised Detailed


    Civil & structural GA's None Outline Preliminary Finalised
    Piping layouts None Basic outline Preliminary Detailed
    Electrical drawings None Outline for major items Line drawings Finalised
    Instrumentation Assumed Outline for major items Line drawings Finalised
    Piping & Instrumentation Diagrams None Preliminary Detailed Finalised

    Legal Permits, licenses, rights, royalties Assumed Known Key permits Finalised

    Sustainable dev. Safety & health Assumed Considered Detailed Finalised


    Environmental Impact Assessment Assumed Preliminary Finalised Finalised
    Social Impact Assessment Assumed Considered Detailed Finalised
    Energy conservation Considered Preliminary Detailed Finalised
    Water conservation Considered Preliminary Detailed Finalised
    Carbon balance Considered Preliminary Detailed Finalised
    Emissions (air, water, etc) Considered Preliminary Detailed Finalised

    Project risk analysis Technical Considered Preliminary Detailed Detailed


    Legal Considered Preliminary Detailed Detailed
    Financial Considered Preliminary Detailed Detailed
    Reputational Considered Preliminary Detailed Detailed

    Project Management Project implementation plan Outline Preliminary Detailed Finalised


    Project schedule Major milestone First-pass master Master with critical path Optimised & final
    Equipment delivery schedule None Estimates Major final, minor preliminary Firm delivery periods
    Quality assur. plan (procurement) None Notional Preliminary Finalised
    Risk management plan None Preliminary Detailed Finalised
    Stakeholder management Considered Preliminary Detailed Finalised

    Op cost estimate Dominant source of estimates Historical data Single budget quotes / Multiple budget quotes / Tenders, detailed rates
    historical data tenders
    Quantification basis Factored Key quantities / parametric Zero based, detailed take-off Final take-off
    Contingency Factored Parametric Simulation model Simulation model

    Capital cost estimate Work Breakdown Structure None Preliminary Detailed Finalised
    Dominant source of estimates Historical data, ratios & norms Single budget quotes / Multiple budget quotes / firm Tenders
    historical data quotes, material take-offs
    Estimate prepared by Project Engineer Senior Engineer Projects / Estimating Dept Projects / Estimating Dept

    Capital quantification Major equipment Factored Detailed take-off Final take-off Final take-off
    Minor equipment Factored Prelim take-off / factored Detailed take-off Final take-off
    Mechanical work % of equipment value % of equipment value Rates / quotes Detailed take-off
    Civils Factored Key quantities / parametric Detailed take-off Final take-off
    Structural steel Factored Key quantities / parametric Detailed take-off Final take-off
    Piping % of equipment value % of equipment value Preliminary take-off Detailed take-off
    Instruments % of equipment value % of equipment value Preliminary take-off Detailed take-off
    Electrical Factored per kW Key quantities / parametric Detailed take-off Final take-off
    EPCM Factored Key quantities / parametric Detailed take-off Final take-off
    Owner & indirect costs % of total Key quantities / parametric Detailed calculation Final take-off
    Contingency Factored Parametric Simulation model Simulation model

    Project reviews Techno-business review Basic Preliminary Final Updated


    Financial evaluation (FD) None Preliminary Final Updated

    You might also like