Capital Cost Estimation for Brownfield Chemical Projects

🚧 Capital Cost Estimation for Brownfield Chemical Projects 🏭💫

Course Overview:

Are you an engineer or project manager looking to master the art of capital cost estimation (CapEx) in brownfield chemical projects? This comprehensive online course, CapEx-Methodology for capital cost estimation with +/- 20% variation, is meticulously designed by Chandrasekaran Tanjore Naganath to equip you with the practical skills and knowledge required to estimate project costs accurately and efficiently.

Why Take This Course?

• Understand the Essentials: Learn how to prepare a preliminary CapEx for brownfield chemical projects within a short timeline.
• Precision in Estimation: Gain expertise in estimating with a variation of +/- 20%, despite limited information and resources.
• Real-World Application: Apply the methodology to actual project scenarios, ensuring your skills are transferable and valuable in real-world settings.

Course Structure:

1. Introduction to CapEx Estimation 📈

   • Understanding the importance of accurate CapEx estimates in EPC projects.
   • Overview of the process and the role of preliminary drawings like P&ID and site layouts.

2. Methodology for Cost Estimation 🧐

   • Defining a step-by-step methodology for estimating capital costs.
   • Strategies to handle challenges and uncertainties in brownfield projects.

3. Site Survey and Data Collection 🔍

   • The critical role of site surveys in informing the CapEx estimate.
   • How to collect essential data for scope work determination.

4. Excel Templates for Cost Estimation 📋

   • Creating and utilizing individual Excel templates for capturing costs across all disciplines.
   • Populating details from preliminary drawings and site survey reports.

5. Scope of Work and Facility Expansion 🛠️

   • Assessing the scope of work based on assumed supply of utilities and minimal civil and structural investments.
   • Understanding the requirements for new buildings, MCCs, DCS additions, and I/O card installations.

What You Will Learn:

• Detailed Cost Breakdown: How to categorize and estimate costs for labor, materials, equipment, and services.
• Risk Management: Techniques to account for risks and uncertainties within +/- 20% of the estimated cost.
• Cost Estimation Tools: Utilizing software and tools to streamline the estimation process.
• Best Practices: Insights into industry best practices for CapEx estimation in brownfield projects.

Who Should Take This Course?

This course is ideal for:

• Project Engineers
• Cost Estimators
• Project Managers
• EPC Company Personnel
• Anyone involved in the financial planning of chemical projects

Final Thoughts:

Enroll in this course to develop a robust understanding of CapEx estimation for brownfield chemical projects and gain the confidence to navigate complex projects with precision. Join us and transform your career with the power of knowledge and expertise! 🚀💡