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    The initial plan of action must address the viability of the sponsor's cost and schedule objectives, the preparation of the process package including engineering hours and execution method, project funding philosophy and schedule, responsibility for execution and anticipated involvement, project execution approach, approximate engineering and construction staff requirements, and a preliminary schedule and contracting strategy. The document also provides rules of thumb for estimating construction hours using TIC x 0.38 + $45/hr, engineering hours using TIC x 0.16 + $75/hr, and expected equipment count growth from conceptual to final phases of a project being 1.30-1.50 times and from Phase 0 to final being 1.20-1.30 times.

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    The initial plan of action must address the viability of the sponsor's cost and schedule objectives, the preparation of the process package including engineering hours and execution method, project funding philosophy and schedule, responsibility for execution and anticipated involvement, project execution approach, approximate engineering and construction staff requirements, and a preliminary schedule and contracting strategy. The document also provides rules of thumb for estimating construction hours using TIC x 0.38 + $45/hr, engineering hours using TIC x 0.16 + $75/hr, and expected equipment count growth from conceptual to final phases of a project being 1.30-1.50 times and from Phase 0 to final being 1.20-1.30 times.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
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    3 views1 page

    Plan Contents: Construction Hours

    Uploaded by

    sivavalai
    The initial plan of action must address the viability of the sponsor's cost and schedule objectives, the preparation of the process package including engineering hours and execution method, project funding philosophy and schedule, responsibility for execution and anticipated involvement, project execution approach, approximate engineering and construction staff requirements, and a preliminary schedule and contracting strategy. The document also provides rules of thumb for estimating construction hours using TIC x 0.38 + $45/hr, engineering hours using TIC x 0.16 + $75/hr, and expected equipment count growth from conceptual to final phases of a project being 1.30-1.50 times and from Phase 0 to final being 1.20-1.30 times.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
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    of 1

    42

    Chapter 5

    Plan Contents
    The initial plan of action must address the following subjects:

    - Viability of sponsor's cost and schedule objectives. If required,


    recommend realistic ones.

    - Preparation of the process package: engineering hours, duration, and


    proposed execution method.
    -

    Project funding philosophy and schedule.

    - Responsibility for the execution, anticipated CED involvement. - Projectexecutionapproach:smallkonventional. - Approximate engineering and construction staff requirements: average
    and peak.

    - Preliminary schedule.
    -

    Contracting strategy.

    - Contractorselectiontimetable.
    Planning Rules of Thumb
    The following is a brief summary of the tools, discussed early in this chapter, that will enable project managers to prepare sensible plans of action very early in the project with minimal information: Construction Hours

    - TIC X 0.38 + $45/hr.


    -

    1,700 hr perequipmentitem.

    Engineering Hours (After Phase1 Design)

    - TIC X 0.16 + $75/hr. - 650 hr per equipment item.


    Equipment Count "Growth"

    - Conceptualtofinal - Phase 0 to final

    1.30 - 1S O .

    1.20 - 1.30.

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