W4.0_CG_Case Study, Highway Design

This W4 blog will discuss and answer one of the problem from Engineering Economy Book, 16th Edition from Sullivan, Wicks, and Koeling (see Ref.1). This case is relatively comparable with my daily work, and also as part of my task for EE solving, hence, it is worthwhile to publish as my W4 blog.   Below …

W4.0_MAH_Project S Curve & Earned Value Dashboard based on Earned Value Management

Problem Recognition Reviewing current project monthly report dashboard, specifically project S curve, I would like to benchmark whether the project S curve and Earned Value in the project dashboard has provided complete information by implementing Earned Value Management. Does the S curve in the dashboard have enough information to help management in making the right …

W4.0 – IN – Forecasting Progress using IEAC methods

Problem Recognition This post will focus on trying to use IEAC methods to forecast project progress (%) done by contractor, to see which method is applicable. Why forecasting project progress? Majorly research and published articles that can be found are usually picking topic of forecasting project completion (e.g. project completion duration, estimate at completion), while …

W4.0_EL_Tender Estimate Preparation Effort Using PERT Calculation

1. Problem Recognition Having written in previous week about using AACE matrix and guide preparation effort, bottom-up approach and linear regression analysis regarding number of required personnel during bid preparation which has 15 and 20 constraint days, now in this blog I will provide another method which is PERT estimation to analyze number of days …

W4.0 – YN – Minimize cost impact on Offshore Installation using decision tree

Problem Definition Project management is about optimizing time, cost, and quality performance on projects. These three variables are intrinsically linked. Changes in requirements of these variables frequently occur and the project manager should be able to re-plan the project accordingly and provide revised estimates for the linked variables. The total expense (project cost) of offshore …

W4.0_FB_Stock Market or Gold Bar for Better Investment (Part 2)

Problem Definition We will continue to compare the product investment result in this W4, as you know in the W3 we have discussed and analyzed the Investment result between Share Mutual Fund compare with Deposit (with Period 1 month and 3 month Deposit period). In the past 3 years We investing some money in the …

W4.0_MA_Schedule Risk Analysis

Problem Definition As result from previous blog where the project team has chosen the original schedule with separate contract of EPC and Long Lead Equipment because of the earliest of on-stream date as a preference. Next, the project team will develop a risk register which threatens to undermine the operational performance goals set for the …