Mining projects nowadays The mining industry is known for its volatility due to the cyclical nature of metal and mineral prices, which is caused by recurring commodity booms or so-called super cycles. Although it’s a…
The advantage of developing cost models with parametric relations is that a reliable cost estimate can be obtained just based on the process conditions/variables. Any attempt to improve the models further based on a realistically…
What are engineered cost models? Our engineered cost model aims at the pricing of an equipment but also ensures the design costing approach. Indeed, the purpose of cost models is not to design equipment but…
Why use cost data? To maximize the revenue of each euro spent on a project, a dependable method for forecasting costs is needed. Cost data helps you estimate the costs of resources such…
The quality of your cost estimates depends heavily on your cost data. Having a complete and well-structured dataset makes your life as a cost estimator much easier. CESK data offers you a vast array of…
Ever wondered how YouTube or Netflix manages to suggest videos and movies of your preferred style? Using big data! Big data analysis is considered the next big thing if it isn’t a big thing already.
Working as a project controller, you will very likely encounter long lists of commitments, actuals, and other cost data that need to be reported on a frequent basis. To ease the job of structuring the…
Recent developments in the field of energy generation and distribution, as well as political trends, have had a noticeable impact on the energy generation market. The focal point for investments is steadily shifting towards the installation…
Engineering is paramount during all phases of the project life cycle: initiation, planning and design, implementation and closure. In this article, we have a closer look at the design phase and explore how data can…
A little effort to maintain your cost data can prevent cost overruns in the long run. Say you are bidding on a big project. You use your cost data to perform an estimate on the…