Economic & Technical Evaluations in Engineering & Maintenance Projects

Economic & Technical Evaluations in Engineering & Maintenance Projects

:Program Objectives

A fundamental understanding of financial and accounting principles, terms, techniques, and best practices, ·The tools you need to perform financial evaluations and justify your own project to corporate management, and .·A fundamental understanding of the technical aspects that should be considered in technical evaluations of projects to ensure their technical viability, mechanical integrity and compliance with applicable regulations, codes, and standards.

:Course Outline

• Project initiation and development 1.1 Overview ·
• Definitions of terms used in project development, analysis, and management · Project types and sizes – oCapital projects – Evergreen, expansions/additions, revamps Maintenance projects – Shutdowns; repairs; alterations; replacements and improvements ·
• Project definition, scope and drivers oProject mission and drivers o Phase 1: Concept generation – potential ways of achieving project mission oPhase 2: Project definition - one option is selected and developed o Phase 3: Project implementation – continues through construction to the hand-over of the completed project ·Project Management Process o Project Planning oProject Scheduling o Feasibility study - Is the project feasible?
• How feasible are the alternatives under consideration; feasibility report cost, timing, performance, effect of organization ·
• Key issues in project analysis 1.2 Models of project development ·
• Project evolution and life cycle ·
• Basic seven phases of a project ·
• Common three main phases of a project oFront End Loading -FEL (or Front End Definition - FEED) which includes development of the entire detailed plan and project approvals oExecution Phase - Detailed engineering; procurement, construction Commissioning, Handover and Start-up phase 1.3 Project definition Design Basis Document (DBD) – Development guidelines ·
• Implementation strategy – owner involvemen

?Who should attend

• Delegates will enhance their competencies in the following areas: ·
• Project conceptualisation, development and management ·
• Technical and analytical skills necessary for conducting technical evaluations. · Economics and analytical skills necessary for performing credible economic evaluations. ·
• Business focus leading to least life cycle cost for new facilities and maintenance projects