Nigerian Seminars and Trainings

Search conferences, training, seminars, courses and workshops in Nigeria and around the world

business logo

ECONOMIC AND TECHNICAL EVALUATIONS IN ENGINEERINGAND MAINTENANCE PROJECTS

By: GLOMACS Training and Consultancy

28 Apr - 02 May, 2013  5 days

Follow Event

  

Engineering and maintenance projects call for complex engineering and business trade-offs with due regard to compliance with regulatory and code requirements. A sound understanding of the key aspects of project objectives, drivers, constraints, and profitability is crucial for the success of a project. Fast-track schedules demand faster, more accurate technical and economic decisions earlier in the design process, when engineers and business managers least understands project costs. Consequently, many process facilities cost more than they should. Using the appropriate evaluation techniques and skills, engineering and economic decisions can be reached faster, more accurately, and with greater confidence, avoiding costly project delays and potential rework. In cases where there is competition for resources between several technically viable projects, cost and schedule factors play a key role in ranking the projects based on their profitability. Similarly, costs and schedules have a major impact on the selection of the most cost effective maintenance option from among several alternatives such as repair/replace or long/short term repairs. The course covers the basics of project development and management. It begins with Project initiation and development phases and progresses through the project execution and control phase. It highlights the cost considerations and the degree of influence on costs in each phase. Technical viability of a project, whether it involves new facilities or a repair method, must be ensured before the economic evaluation starts. The course presents the technical fundamentals and provides guidelines and procedures for conducting technical evaluations. The time value of money and life cycle cost concepts are essential aspects of economic evaluations. These topics will be covered in detail with the use of a number of worked examples. The course will comprise lectures and workshops that incorporate a number of short exercises to reinforce the key techniques discussed to maximize your benefits. Additionally, an optional ?Question and Answer? period will provide you with opportunities to get expert answers on your specific questions.

Dubai, United Arab Emirates Apr 28 - 02 May, 2013
US$3,950.00
(Convert Currency)

009714 4250733

Related Courses
Strategic Thinking and Business Planning Strategic Thinking and Business Planning

5 days, 22 - 26 May, 2017 

2017-05-22 12:05:00
United Kingdom

GLOMACS Training and Consultancy

This seminar gives you a robust practical framework to formulate, develop, and implement plans for achieving strategic goals and realizing your vision. It shows you how to break out of responding to ...

Adaptive (Agile) Project Management Distinguishing between Predictive and Adaptive Lifecycle Approaches Adaptive (Agile) Project Management Distinguishing between Predictive and Adaptive Lifecycle Approaches

5 days, 20 - 24 Aug, 2017 

2017-08-20 12:08:00
United Arab Emirates

GLOMACS Training and Consultancy

Many projects executed by both private and public sector organizations fail to realize their expected outcomes. The reasons for this can be subtle. The best laid plans can be subject to small delays ...

Cathodic Protection System  in Oil and Gas Exploration Industry Cathodic Protection System in Oil and Gas Exploration Industry

5 days, 07 - 11 May, 2017 

2017-05-07 12:05:00
United Arab Emirates

GLOMACS Training and Consultancy

Maintaining the ageing infrastructure such as underground pipelines is a challenge to the oil and gas industry worldwide. Corrosion is one of the major causes of ageing the industrial ...

Communication for the Senior Leaders: Speaking with Persuasion, Power and Presence Communication for the Senior Leaders: Speaking with Persuasion, Power and Presence

5 days, 10 - 14 Jul, 2017 

2017-07-10 12:07:00
United Kingdom

GLOMACS Training and Consultancy

The ability to communicate effectively is an essential skill for all senior leaders in modern day business, politics, or academic world and yet it is a skill that is rarely taught. This course has ...