Contains added chapters emphasizing the importance of choosing the correct project and defining project goals. Stresses the need for adequate front end loading (FEL) and outlines the responsibility of the venture manager in project selection. Provides updated case studies and examples on technical evaluation criteria, construction progress monitoring, offshore estimating, and more. The authors discuss such topics as initial involvement and plan of action, process design, regulatory compliance, risk analysis, project execution plan/master project schedule, estimating, contracting, detailed engineering, procurement, construction management, project control, contracts administration, communications, and plant start-up.
“…update[s] and extend[s] the coverage of [the] outstanding First Edition to incorporate an even wider perspective of state-of-the-art, business-driven capital project delivery processes and techniques … Unlike many other books on this subject this is clearly an excellent, convenient, self-contained reference for hands on practitioners … with clear examples and a valuable database of frequently used metrics. A must reference for today’s lean and mean capital project practitioner.”
—From the Foreword by Louis J. Cabano, President PATHFINDER, LLC Cherry Hill, New Jersey
“This second edition … is a major revision and expansion over the highly successful first edition. New as a co-author is William C. Cole who brings additional perspectives to the book from his experience in major chemical process industry construction … new chapters are a substantial improvement to what was already an excellent reference."
—International Cost Engineering Council
The project; the integrated team/the venture manager; project goals/choosing the right project; initial involvement and plan of action; process design - phase 0/phase 1; regulatory compliance; risk analysis; project execution plan/master project schedule; estimating; contracting; detailed engineering; procurement; construction management; project control; contracts administration; communications; plant start-up; semi-detailed estimating system; appendices - recommended reading, glossary, typical coordination procedure, estimate checklist, execution plan/MPS for case study, technical evaluation criteria example, in-house construction progress monitoring system example, construction progress monitoring - case study, forecasting final subcontract cost, heat tracing models, field indirects checklist, semi-detailed estimate example - case study, accuracy of the modified TFCF for conceptual and check estimates, offshore estimating example, plant testing, acceptance and commissioning.