Subsea Cost Estimation Benchmarking
There are many ways to focus the Project Cost Estimation as a Cost Benchmarking activity, and there is a very close interaction between them:
- Estimating accuracy always depends of a very strong database collection
- Database collection is the result of a Benchmarking Process
Cost Benchmarking – Cost Estimation Interaction
For Subsea Cost Estimation – Benchmarking, we present the standard approach used for the top runners in Oil & Gas Industry. Despite the that the main purpose of Cost Benchmarking in this business is more focused in the Gatekeeper approval, the information gathered in the process is very valuable for Cost Estimation purposes.
Subsea Cost Benchmarking References Providers
Oil & Gas Industry Project Cost is a very sensitive and specialized subject. Organizing information about Cost of any Project Component is mainly delegated to worldwide recognized corporations based on confidential agreements.
Since the very strategical sensitivity of the data to be share, Professional Cost Estimating Databases has to be always non-personalized, it means, all information related to the identification of the Project and Company must be removed to protect the “Confidentiality” and solve the objective of having “Professional Cost Estimating Databases” in order to provide tools to give to Managers strong “Decision Make Tool” as part of the “Project Cost Life Cycle” process.