Economic and Technical Evaluations for Engineering and Maintenance Projects. Germany, Munich, relexa hotel München.

Transcription

1 Training Course : Economic and Technical Evaluations for Engineering and Maintenance Projects Training Course For One Week In Germany, Munich, relexa hotel München Which Be Held As Under Details : Tel. : , Fax : info@abarsolutions.com, W.Site :

2 Abar Solutions Petroleum Consultancy Invite Your Employee To Participate With Us In Special Training Course As Under Details : Course Name Economic and Technical Evaluations for Engineering and Maintenance Projects Code Period Language Start End Location 07/09/ /09/ /10/ /10/ /11/ /11/ /12/ /12/ /01/ /01/2016 MR Days English 15/02/ /02/ /03/ /03/2016 Germany, Munich, relexa hotel München 18/04/ /04/ /05/ /05/ /06/ /06/ /07/ /07/ /08/ /08/2016 ** The Fees Includes : Lecturer, Training Material, Training Room With One Coffee Break Daily, Certificate Of Attendance In Last Day Training Course ** Course Description Engineering and maintenance projects involve complex engineering and economic tradeoffs while ensuring 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 2

3 engineers and business managers least understand project costs. Consequently, many projects cost more than they should. Moreover, maintenance projects typically have even shorter lead times and require quick technical and economic decisions in high stress situations while safeguarding the mechanical integrity of the equipment and plant. 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, potential rework and possible failures, which is the focus of this course. Course Objectives To provide participants with fundamental understanding and tools of economic and technical analysis to enable them to implement fit for purpose project solutions that are both technically sound and cost effective. Course Content & Outlines Project Definition and Technical Viability Engineering and Maintenance Projects Overview Engineering projects New, expansions/additions, revamps, engineering systems Maintenance projects Shutdown, repair, alteration, replacements and improvements Key Project Premises Definition and scope design basis Drivers and specific requirements Deliverables and key success factors Resources and constraints Project Life Cycle considerations costs, business focused facilities Project Development And Sensible Alternative Project Development Plan (PDP) Preparation Guidelines Conceptual design alternatives Preliminary cost estimates for alternatives 3

4 Key Issues In Feasibility Analysis Technical analysis Technical viability; sensible choices Economic analysis financial viability; return on investment; risk Environmental analysis impact; mitigation; restoration measures/costs; due diligence Life cycle management (value management) Renewal/replacement interval Servicing cost Failure consequence Equipment redundancy and spare part Maintenance strategie Energy efficiency Risk analysis and mitigation measures types and levels of risk associated with the project Technical Feasibility Analysis Technology maturity and validation Compliance with applicable regulations, codes and standards Regulatory approvals lead time, resources Risk considerations obsolescence, continuous technical support Fitness for service Constructability; operability and maintainability Workshop 1 Key Principles And Guidelines For Successful Projects Best practices for project success Common causes of project failures Case study Anatomy of a project Capturing key learnings Adjournment Project Costs and Economic Evaluation Project Cost Estimating Types of estimates, accuracy Preliminary estimates 4

5 Definitive estimates Estimating methods Cost indices and economic indicators Direct and indirect costs Life cycle costs and level of uncertainty in project life cycle Contingency Economic interpretation of engineering work Equipment Sizing and Costs Basic equipment design and sizing methodologies Preliminary sizing rules of thumb Procurement policies, procedures and practices Spare parts policies, procedures and practices Objectives of Economic Evaluation Analysis Definitions and overview Typical categories of engineering economic decisions Equipment and process selection Equipment replacement Cost reduction Service improvement Principles Of Time Value Of Money And The Discount Rate Discounted cash flow (DCF) calculation Definitions and premises Project cash flow components Discounting and time value considerations Distinguishing cash flow and other measures of profitability Cost of capital and inflation issues Capital budgeting techniques and best practices Methods of computing time value of money The algebraic (or formula) method The financial table method Economic Evaluation And Ranking Methods Basic concepts of economic evaluation Economic evaluation methods static and dynamic Simple payback Benefit cost ratio (BCR) Net present value (NPV) 5

6 Internal rate of return (IRR) Profitability index (PI) Capital equivalent of energy and maintenance savings Ranking investment methods Workshop2 Case Study: Economic Evaluation And Justification Of A Capital Project Types and Evaluation of Maintenance Projects Maintenance Methods and Strategies Types Of Maintenance Projects Complete turnarounds extent, frequency Opportunistic minor turnarounds Specialized repair methods Replacement in kind and improvement opportunities Specialized Inspection projects Application and frequency Technical Evaluation Of Maintenance Projects Key project characteristics and special requirements Significance of schedule and maintainability optimum cost or least downtime Availability of human resources Constructability considerations Fitness for service assessments (FFS) Basics of FFS Run/repair/replace decisions Alternative repair strategies and methods Temporary repairs Permanent repairs Alternate repair technologies and procedures Regulatory approvals Lead time Specific approval requirements Management of Change Basics of management of change Impact of maintenance projects on mechanical integrity and reliability Regulatory, codes and standards requirements Economic Evaluation of Maintenance Projects Workshop 3 Case Study: Evaluation of A Maintenance Project 6