1. Problem Definition
Even the most successful projects have lessons from which we can learn. Whether you’re building the next wonder of the World, or renovating your house there will be lessons you can learn from your project. One of cost-effective project management tool is lesson learned. Our Kristal Class has just end, this blog is intended to bring together any insights gained during Kristal Class that can be usefully applied on next class. Continue reading
A company intends to build a gas gatherer station in the field AK. Management wants to know what the optimum time to complete the project by compressing time and how much the total cost of the project.
Here is a table of data the project:
Indirect costs of $ 12,000 per day.
A company intends to build a gas gatherer station in the field AK. Management wants to know how the maximum time that can be compressed and the total cost.
Here is a table of data the project:
1. Problem Definition.
We have conducted schedule risk analysis for one of our current project, namely the Advanced Process Control project (“Project”). One of our goals in conducting of schedule risk analysis for the Project is to obtain the schedule contingency. Both alternative tools to compute the schedule path distribution, namely PERT analysis and Monte Carlo simulation were used.
Schedule risk analysis by using PERT analysis has been explained in W24 blog posting [1]. This W25 blog posting will address schedule risk analysis using Monte Carlo simulation.
There is a new procedure after finishing one project; the PSC should proposed employment settlement agreement (ESA). Based on the internal regulation, below the duration for finishing the job:
It is important to introduce the new procedure to the PSC.
Recording is final stage of seismic acquisition. As per contract, standby rate count when NPT happened in this stage. Company should consider factors assisting NPT and find how to solve it?
I want to invest some of my money in the stock market. I want to know how much systematic risk of shares of PT Adhi Karya (Persero) Tbk. relative to market risk. Am I going to invest my money in PT Adhi Karya (Persero) Tbk. (ADHI)?
Beta (β) is a measure of systematic risk of a stock or portfolio relative to the market risk. Stock’s beta (β) can be calculated by using the regression technique.
1. Problem Definition.
In W22 and W23 blog posting, it was explained the integrated cost/schedule risk analysis on one of our current project, namely the Advanced Process Control project (“Project”) [1], [2].
In this W24 and next W25 blog postings, it will be explained schedule risk analysis for the Project. If the final result of the integrated cost/risk analysis is the cost contingency, then the final result of the schedule risk analysis is the schedule contingency.
A bid process bid has been finished. Company has to decide to select appropriate basecamp and workshop for support crew in the field. Budget allocation for basecamp and workshop is USD $ 2,000,000. Company should choose the efficient and appropriate basecamp and workshop.
1. Problem Definition
Continuing W13 and W15, another alternative for analyze Party Chief Decision, using compensatory models.
Three important jobs to supervise by Party Chief;
Kristal AACE 2014 