Publications

Research in the last decade is confirming that Oil & Gas Company consistently executes the project with an optimist cost estimate and an aggressive schedule. Cost accuracy of an Oil and Gas Company is benchmarked toward Industry Practices of Independent Project Analysis (IPA) research result and International Guideline of Association for the Advancement of Cost Engineering (AACE) & Guild of Project Control (GPC). Relationship of cost accuracy versus project definition deliverables, spent in % of Facility Installed Cost and End Usage are graph presented and assessed. Company authorizes the project with minimum project definition deliverables within International Guideline with an average of 30% less cost than Industry Practices. Company cost accuracy is on average 30% wider than Industry Practice and within International Guideline. Company cost accuracy remains strongly supports Company business performance in current oil & gas business environment.