Project Cost Estimating - Principles and Practice - IChemE

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9780852953808: Project Cost Estimating - Principles and Practice - IChemE
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Cost Estimating is beset with pitfalls. Which technique to use? How accurate will it be? This book aims to shed light on these questions. It presents a structured analysis of cost estimating and helps cost estimators make contract-winning estimates for projects relevant to both the budding cost engineer and the reader who simply wants to know how these things are done. After all, if the cost estimator gets it wrong, the implication affects the whole project! Exploring the methodology and overall strategy of project cost estimating, this publication provides an introduction to statistics and databases and illustrates how these may help the modern cost estimator. The book offers an interactive approach where the reader is encouraged to participate in a series of dice exercises to create a thorough understanding of the concepts involved. A disk supplied with the book contains a program - DICER - designed to simulate the dice throws and help calculate the relevant statistics.

IChemE, the Institution of Chemical Engineers, is the center for chemical, biochemical and process engineering professionals worldwide.

We are the heart of the process community, promoting competence and a commitment to sustainable development, advancing the discipline for the benefit of society and supporting the professional development of members.

Some of the areas we publish in include:

-Safety in the process industries - the BP Process Safety series

-Consultancy for chemical engineers

-Project management in the process industries

-Contract management in the process industries - International Forms Of Contract series

-Communication skills for engineers

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About the Author:

Jack Sweeting is one of the few chemical engineers whose career began as a mechanical engineering apprentice and designer; he trained and worked with Vickers Armstrongs. After graduating in chemical engineering from the University of Leeds, Jack returned to Vickers' research department and spent a time attached to the UKAEA. After joining Air Products plc, Jack was involved in a variety of business related roles. His first estimate was for a liquid hydrogen plant to supply the NASA space shuttle. While managing the proposal department, he introduced a successful computer estimating system. Jack has worked as a part time lecturer in statistics and computing and spent four years at Coulsdon College teaching computing full time. He is the owner of JXS Software which specializes in estimating software and is currently working with BOC Process Plants to develop estimating systems and software.

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Jack Sweeting
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