A Project Approach To Optimize Time and Cost - Petroleumclub.ro
A Project Approach To Optimize Time and Cost - Petroleumclub.ro
A Project Approach To Optimize Time and Cost - Petroleumclub.ro
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Findings of the CII Study“Using a sophisticated simulation model of theclassic EPC p<strong>ro</strong>cess, the research teamcompared the impact of the PEpC app<strong>ro</strong>ach tothe p<strong>ro</strong>ject execution with traditional EPC.In both theoretical <st<strong>ro</strong>ng>and</st<strong>ro</strong>ng> field implementations,the results indicated that PEpC could p<strong>ro</strong>ducesavings in excess of 10% to 15% of the time<st<strong>ro</strong>ng>and</st<strong>ro</strong>ng> 4% to 8% percent of the cost of thetraditional EPC p<strong>ro</strong>cess”* Quote f<strong>ro</strong>m Edward M. Ruane, Head of CII Research Team, CII Research Summary 130-1; Page 5Slide 7
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