Cost Control

Spring 2019

pathadmin — Wed, 29 Jan 2020 17:04:29 +0000

Spring 2019

As you may know, Project Management PANORAMA is Pathfinder's industry focused newsletter. We present the "Capital Project World as seen by Pathfinder, LLC" with regard to "trending" or "controversial" industry related topics.

In this issue you will find the following articles, Indicative Costs of US Ethylene Projects and You're Like an Open Book.

Also in this issue you can find information about Pathfinder's 2019 CII Project Management Training Series schedule.

Below you will find a link to the Fall 2019 PANORAMA Newsletter. We hope you enjoy this issue and as always, if you have any comments or would like to voice your views on the industry, please contact us directly.

Let's continue to strive for safe, efficient and successful projects!

pathadmin Wed, 01/29/2020 - 12:04

Available downloads

Panorama Spring 2019

Come join Pathfinder, LLC at the AACE Northeast Symposium

pathadmin — Mon, 25 Mar 2019 15:37:57 +0000

Come join Pathfinder, LLC at the AACE Northeast Symposium

pathadmin Mon, 03/25/2019 - 11:37

March 28-29, 2019 in Philadelphia, PA

To register click here

Stephen L. Cabano, President, Pathfinder, LLC presents on Thursday, March 28 from 4:30pm - 5:30pm

Supporting Owner Estimate Classes with Engineering Maturity and Accuracy

For decades, AACE has provided details around the level of cost estimating accuracy related to the maturity of the engineering deliverables across front end phases of a project. This established an industry accepted criteria for communicating the level of cost estimating precision as a project moves from its earliest development phases to the full project funding step. This single dimension has long been the mechanism for assuring engineering deliverables are at the level of completeness to support the cost estimating effort. But is it enough? The Construction Industry Institute (CII) recently completed a research effort which concluded it was not enough in today’s market. A second dimension/second lens is needed to evaluate the level of accuracy of engineering deliverables. This presentation will provide the basis for this research and the data that supports the application of the approach.

Paul Williams, Vice President, Pathfinder, LLC presents on Friday, March 29 from 2:00pm - 3:00pm

Owner Project Planning Supports Estimate and Schedule Accuracy

When developing the owner’s cost estimates, the maturity of engineering deliverables has often used to define the class of estimate produced. This has long supported the standard estimate classification model but should not be the only parameter considered when defining the class of estimate in support of capital programs. There are several equally important aspects of the quality of the front end deliverables such as the accuracy of the engineering as well as the maturity of the project plan. The project plan needs to evolve at the same pace as the engineering deliverables and will likewise affect the level of schedule and cost estimate accuracy. Significant improvement in project cost and schedule outcomes are possible, depending on the details of the project plan and its relationship to specific project characteristics and risks. This paper will identify industry best practices for content of the project plan and the typical evolution of the plan through the project front end efforts and execution. Examples of owner project plans will be provided and as well as the impact various components of the plan have on the estimate/schedule accuracy and corresponding project risk.

Winter 2016

pathadmin — Mon, 02 Oct 2017 15:57:26 +0000

Winter 2016

In this issue you will find the following articles, Maintaining Corporate Capital Expertise During Low Investment Periods and FEL Leadership - Who's the Best Fit?

Also in this issue you can find information about Pathfinder's 2017 CII Project Management Training Series schedule.

Below you will find a link to the Winter 2017 PANORAMA Newsletter. You can also visit Pathfinder's new website to sign up to access all archived Panoramas.

We hope you enjoy this issue and as always, if you have any comments or would like to voice your views on the industry, please contact us directly.

Let's continue to strive for safe, efficient and successful projects!

pathadmin Mon, 10/02/2017 - 11:57

Available downloads

Panorama Winter 2016

Pathfinder's Latest Article in Cost Engineering

pathadmin — Fri, 27 Jun 2014 15:11:08 +0000

Pathfinder's Latest Article in Cost Engineering

pathadmin Fri, 06/27/2014 - 11:11

OWNER GAPS IN PROJECT CONTROL - AN INDUSTRY OVERVIEW

Recent years have seen an expansion of capital project investment activity on an unprecedented scale world-wide. While these projects include those traditionally considered “large” and “small”, multi-billion dollar capital investment programs (mega-projects) are also being developed at a rate and scale well above historical experience. In many cases, this growth has posed significant program and project management challenges, including control of cost and schedule. Recognizing these challenges, a number of these organizations have sponsored “Cold Eyes Reviews” and “Gap Analysis” efforts, focused on their Project Management and Project Controls “infrastructure” and capabilities to manage this exponential growth effectively as part of their “Due Diligence” and Continuous Improvement Programs. This paper will provide insights into “Common Themes” identified as a result of a cross-section of such “Gap Analysis” efforts. These “Common Themes” are based on findings identified, as well as approaches being taken to remedy deficiencies or proactively upgrade existing Project Controls capabilities in terms of processes, procedures, resources, roles and responsibilities, systems and tools, etc., with respect to capital project investment programs.

For a copy of the full article, please contact AACEI.

AACEI Houston-Gulf Coast Section Presentation

pathadmin — Wed, 27 Nov 2013 18:13:46 +0000

AACEI Houston-Gulf Coast Section Presentation

pathadmin Wed, 11/27/2013 - 13:13

Jim Blevins presented "Making the Transition from Downstream Projects to Upstream" at the AACEI New Orleans Chapter Dinner Meeting on November 19th.

https://twitter.com/james_arrow/status/402797170387976192/photo/1

Pathfinder presenting "The Owner's Role in Project Execution" at POWERGEN - November 13, 2013

cmcintyre — Wed, 13 Nov 2013 15:08:39 +0000

Pathfinder presenting "The Owner's Role in Project Execution" at POWERGEN - November 13, 2013

cmcintyre Wed, 11/13/2013 - 10:08

During the presentation today, Steve Cuneo will discuss the following...

In today’s active power industry project environment, we are driven to rely on our engineering and construction contractors more than ever. Our contractor community is ‘resource-stretched’ due to extensive capital project activity in the power market as well as the unprecedented growth in other process-related industries in North America. Owners today must provide clear guidance as well as appropriate levels of oversight and due diligence, to assure projects are delivered on time and within budget.

A number of innovative contracting methodologies can aid in this important and necessary owner oversight role. These include owner self-managed, contractor engineer/procure/construct, incentive contracts, and hybrids. Compensation methodologies are also a consideration such as lump sum, reimbursable cost, unit cost, etc. This paper will identify proven methods to ensure owner’s project success along with telltale signs that can indicate performance problems.

Proven project management techniques such as project execution planning, independent project reviews, cost/schedule risk assessments and contract strategy workshops will be discussed. The level of effort to implement these techniques, along with the proven benefits, will be considered. The session will allow the opportunity for participants to question panel members and raise real life project issues.

To receive a copy of this paper/presentation please email us.

Pathfinder to present at the AACEI Gulf Coast Chapter Meeting on November 12th

cmcintyre — Fri, 08 Nov 2013 19:17:45 +0000

Pathfinder to present at the AACEI Gulf Coast Chapter Meeting on November 12th

cmcintyre Fri, 11/08/2013 - 14:17

Jim Blevins will present Making the Transition from Downstream Projects to Upstream during the November AACEI Gulf Coast Chapter Meeting.

As oil and gas capital spending shifts to exploration and production projects, project management professionals find themselves having to move into upstream project roles. Jim Blevins will share his personal transition experience and highlight the similarities and differences between upstream and downstream projects from a project controls perspective.

Spring 2010

cmcintyre — Thu, 15 Apr 2010 04:00:00 +0000

Spring 2010

The Slow Road Back and Pitfalls of Unbalance Owner's Internal Cost Estimating

cmcintyre Thu, 04/15/2010 - 00:00

Fall 2009

cmcintyre — Thu, 15 Oct 2009 04:00:00 +0000

Fall 2009

Departmental Cost Cutting vs. Overall Capital Project Reductions and Amicable Relationships & Claims - Can they Co-exist?

cmcintyre Thu, 10/15/2009 - 00:00

Available downloads

Panorama Fall 2009