W10_Murtadha_Investment Decision

1. Problem Recognition
   A company is looking to invest in their existing plant to meet the increase in demand in the country for oil. The consultant gave two options: upgrade of the existing train in which the company will satisfy the new demand but will not have taken into consideration any additional capacity, or add an additional train which will not only meet the current demand for oil but also have additional capacity for import and future requirements. Expected monetary value will be used to decide which option to be considered.

W9.1_Murtadha_schedule compression methods

1. Problem Definition.

In a previous project I have worked on, company had assigned me as a project engineer for an Front End Engineering Design + Detail Design project of a certain compressor to be used in a flare gas recovery system. Although, the project wasn’t considered a high value it was though considered a high profile project because it was the first of its type for my client.

For this weeks blog I will analyze the schedule compression methods used to help minimize the effects of the schedule overrun.

W9_Murtadha_schedule compression methods

1. Problem Definition.

In a previous project I have worked on, company had assigned me as a project engineer for an EPC project of a certain compressor to be used in a flare gas recovery system. Although, the project wasn’t considered a high value it was though considered a high profile project because it was the first of its type for my client.

For this weeks blog I will analyze the schedule compression methods used to help minimize the effects of the schedule overrun.

W8_Murtadha_Pareto Chart Analysis

1. Problem Recognition

A relative has owned a barber shop for quite some time now and he has noticed that all though the business was picking up in the first couple of years it is now in a downhill trend. He set out to find out why and what could be done to flip this around. He setup a survey to figure out what were the key reasons that his customers weren’t coming back.

W7_Murtadha_Investment Decision (NPV)

1. Problem Recognition

Net present value (NPV) in Excel 2010 will be used to analyze an investment decision and give the investor a a quick ball park figures on whether or not to go ahead with a certain project Typically, if an investment has a positive net present value, it will add value to the investor.

W6_Murtadha_Second Tuckman Assessment (Using Mode and Median)

1. Problem Definition

During the course of this program a lot has changed since the first 5 day face to face phase. Team has been underachieving and is not as gelled as initially anticipated. A second Tuckman assessment is being done to redefine the leadership style suitable for us if required. The same questionnaire was used by the team to answer the same 32 questions and to help rank what stage we think the team is currently on. This time both the Mode and the Median were taken into consideration for the calculation of the P(90).

W5_Murtadha_Second Tuckman Assessment

1. Problem Definition

During the course of this program a lot has changed since the the first 5 day face to face phase. Team has been underachieving and is not as gelled as initially anticipated. A second Tuckman assessment is being done to redefine the leadership style suitable for us if required. The same questionnaire was used by the team to answer the same 32 questions and to help rank what stage we think the team is currently on.

W4_Murtadha_Selection Matrix

1. Problem Recognition

Buying a new car is a big deal for everyone due to the big investment that has to go into it. For this Blog I will be implementing the Matrix analysis technique to help in the selection of suitable car for me

W3_Murtadha_Schedule Estimation Analysis (@RISK Simulation Software)

1. Problem Definition

On my previous blog posting, an analysis on schedule estimation was carried out. The Three point Estimation was carried out to compare the outcome with the project duration of 11 months set by the client.

For this blog posting an additional analysis was carried out using @RISK Simulation Software and a comparison between the two will be conducted and analysed. 

W2_Murtadha_Schedule Estimation Analysis

1. Problem Definition

In previous experience I have worked on a FEED Project, the project was undertaken by a ring fenced task force where I was assigned as the project engineer. The project duration was given as 11 months by the Client (my original client from hell). Unfortunately the Project over-run its schedule by an additional 2 months. This analysis will study if there was a better way to estimate the schedule duration.

According to the PMBOK the following are the different tools and techniques used to Estimate activity durations:

1. Expert judgment:
2. Analogues estimating
3. Parametric estimating
4. Three point estimating (PERT)
5. Group decision making
6. Reserve analysis

While these methods are all viable, their precision and accuracies differ. If we take a closer look at the three point estimating method we could tell that the precision of these types estimates are much higher and therefore more practical to be used at this stage of the Project.