W13-Musallam Al Awaid-Lessons Learned


  1. Problem Definition.

This course PMI-Oman 2014 has started in Muscat almost 12 weeks ago. However, we have faced a lot of problems to deliver the promised deliverables from all members of team. This blog is about discussing probable causes of the lack of performance and to capture lessons learned during this course not to be repeated in the next coming courses especially here in Oman. Continue reading

W10_Musallam Al-Awaid_ Economic Evaluation Using Net Present Value


 

  1. Problem Definition

The Blog is almost a repetition of week 2 blog. However, here, I used the NPV instead of average increase in production over the four years cycle.

Nowadays, many plants are designed to run for long periods, exceeding 3 years with no turnarounds. In methanol plant, we had 1st turnaround in last April 2014, after 4 years of operation, where we replaced the methanol reactor catalyst.

Before catalyst replacement, we had considered more than a single option. The most feasible option was selected which is replacement. That evaluation is done based on the Net Present Value of each option where the option with highest NPV is selected. Continue reading

W9-Musalllam Al Awaid-Earned Value Management for Weekly Blog Posting Project


 

  1. Problem Definition

Many, of not all, projects are started with an allocated budget and as usual with projects, not all things get done on time. That situation causes the usual question, “Is there enough money left in the budget?” and, “Will we finish on time?” Earned value management is one of the best tools to help you answer these questions. The weekly blog posting project for TAKATUF team 2014 has been analyzed using the above tool to see where we are   with respect to budget and schedule. Continue reading

W8-Musalllam Al Awaid-Earned Value Analysis


 

  1. Problem Definition

Many, of not all, projects are started with an allocated budget and as usual with projects, not all things get done on time. That situation causes the usual question, “Is there enough money left in the budget?” and, “Will we finish on time?” Earned value management is one of the best tools to help you answer these questions.

Continue reading

W7-Musalllam Al Awaid-Point of Total Assumption Calculation


1.Problem Definition

 

The point of total assumption (PTA) is a price determined by a fixed price plus incentive fee contract (FPIF) above which the seller bears all the loss of a cost overrun. It is also known as the “most pessimistic cost” because it represents the highest point beyond which costs are not expected to rise, given reasonable issues. It is considered as a risk trigger as beyond this Point, the seller’s profitability decreases, and their initiative and interest to complete the project may diminish too. So, we should know very well how to calculate this point to take all care not to approach it in the project course.

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W4.1_ Musallam Al-Awaid_Economic Evaluation of Alternatives


 1.  Problem Definition

The methanol facility is using Diesel generators for power supply during the plant upsets. Those generators require a lot of maintenance through the whole year. However, government power is available around and can be purchased but with little modification to the connection grid. What is the better option stop using diesel generators and buying power from government or maintain things as they are?

Continue reading