Is it Important to Scientifically Derive Project Contingency?

SYNOPSIS: Capital projects often than not experience significant cost over-runs and schedule delays, eroding project’ commercial values or profitability. One of the many researched reasons why major projects have such bad reputation is lacking robust and diligent project risk management practice, not only qualifying risks but to quantify the aggregated impacts of such foreseeable risks to the project.

Contingency is an essential element of project budget that is deemed to be spent by project team. In addition risk reserve funds are supplementary to cover the extraordinary and rare-event driven risks during project execution. How to derive the contingency and risk reserve funds in a scientific way is not a well-known to many project controls personnel. This presentation illustrates how a Monte Carlo simulation technique is used to simulate appropriate contingency at a given confidence level, and fits into cost estimate classification.

PRESENTER:

John G. Zhao

Principal Consultant at Riskcore Ltd.

LOCATION: Go To Meeting

PROGRAM TIME:

September 24th, 2020

6:45pm –Log-in to Webinar

7:00pm – Webinar Starts

7:45pm – Q&A

8:00pm – Webinar Ends

REGISTRATION: There’s no required registration, just access the Webinar via Go To Meeting.  We have 150 seats available to this Webinar

AACE Seattle Section Meeting September 24, 2020
Thu, Sep 24, 2020 7:00 PM – 8:00 PM (PDT)

Please join my meeting from your computer, tablet or smartphone.

https://global.gotomeeting.com/join/499487485

You can also dial in using your phone.
(For supported devices, tap a one-touch number below to join instantly.)

United States: +1 (408) 650-3123
– One-touch: tel:+14086503123,,499487485#

Access Code: 499-487-485

New to GoToMeeting? Get the app now and be ready when your first meeting starts: https://global.gotomeeting.com/install/499487485

NOTE: Make sure you are not simultaneously using the Phone and Laptop Mic, this will result to having an echo.

VIDEO: Once logged in to the Webinar, please turn off your camera since this will delay any shared video by the speaker

PLEASE NOTE: If you would like to be added to the Seattle Section’s mailing list to receive future notices about our meetings and events, please contact one of the presiding Officers or Directors. Visit the AACE Seattle Section on our new website at www.aaceseattle.org Anybody interested in budget control, claims management, cost engineering, cost estimating, earned value management, planning and scheduling, project control, project management, value engineering, or risk management in any industry is cordially invited. AACE Seattle Section normally meets the 2nd Thursday of each month from September through June (excluding December). Each meeting with a technical presentation qualifies for .25 Continuing Education Units (CEUs) towards your CCP/CEP/CFCC/DRMP/EVP/PSP recertification requirements.

International Arrival Facility – Pedestrian Walkway

SYNOPSIS: The Port of Seattle is building a new, expanded International Arrivals Facility (IAF) at Seattle-Tacoma International Airport to significantly enhance the international passenger experience, advance the Puget Sound region as a leading tourism and business gateway, and serve the traveling public well into the future. The IAF, the most complex capital development program in the history of the 70-year-old airport, will significantly improve the arrival process for international passengers without adding new gates. The existing 1970s-era facilities cannot accommodate Seattle’s growing demand for international travel

The IAF was designed to increase capacity and will provide the following benefits:

  • Nearly double international-capable gates (from 12 to 20)
  • Increase passenger capacity by more than double to 2,600 passengers per hour
  • Incorporate enhanced technologies for faster passport check clearance
  • Increase size and number of bag claim carousels from four to seven
  • Reduce the minimum passenger connection time from 90 to 75 minutes

PRESENTER:

Stephen St. Louis

Project Manager, Port of Seattle

AACE Seattle Section July 16, 2020 Webinar: The Digital Frontier of AECO Industry – Digital Building Lifecycle

SYNOPSIS: Digital building lifecycle re-engineers processes and innovates the applicable technology tools for delivering data in smart environments.

It bridges the traditional stakeholder siloes, opens gates for fluent data flow and accumulates information from crate to beyond grave in smart environments.

PRESENTER:
Salla Eckhardt
Director of Transformation Services
Global Real Estate and Security | Center of Innovation
Microsoft

AACE Seattle Section June 11th, 2020 Webinar: Completing the Bellevue Downtown Tunnel On Time and Under Budget, Challenges and Success Stories!

SYNOPSIS: The Downtown Bellevue Tunnel (DBT) is part of Sound Transit’s $3.7 billion East Link Extension Program, a 14-mile extension of the Sound Transit (ST) light rail transit system from downtown Seattle, across a floating bridge over Lake Washington, to the cities of Mercer Island, Bellevue, and Redmond. The DBT project consists of a 250-foot-long cut-and-cover portal structure at the southern end, a 1,983-foot-long Soft Ground Sequential Excavation Method (SEM) tunnel, and a mid-tunnel access shaft with a short adit connecting it to the tunnel.

This presentation will provide an overview of the SEM tunnel and the steps how the project team, lead by McMillen Jacobs Associates was able to complete this high profile project on time and under budget.

PRESENTER: Mun Wei Leong

Construction Manager-McMillen Jacobs Associates
East Link Bellevue Downtown Tunnel

PUGET SOUND GATEWAY PROGRAM (Project Controls and Project Management) – Knowing the Truth, Handling The Truth

14 May 2020

SYNOPSIS:
The SR 509 Completion Project extends SR 509 to I-5 near Tukwila, adds a southern access point to Sea-Tac International Airport, and improves service between industrial districts by allowing general purpose traffic and trucks to bypass I-5, SR 99 and local streets.

When finished, SR 509 will be a key component of the Seattle and south King County transportation network. Along with the SR 99 tunnel improvements, the project provides a critical north-south alternative to I-5 through Seattle and King County.

Check out our video about the SR 509 Completion Project to learn about the project’s benefits and get a glimpse of what it will look like when it’s completed.

PRESENTER: Susan Everett
SR 509 Project Manager

T-Mobile – How to Control Projects in Telecommunications Industry

Topic: T-Mobile – How to Control Projects in Telecommunications Industry
Date: April 16, 2020

Synopsis: T-Mobile, presenting our ways on how to manage and control 5G technology project.

T-Mobile CEO John Legere said:
“We’re committed to building broad, deep nationwide 5G that people and businesses can access at no extra cost with the New T-Mobile … and today is just the start of that journey,”

The company’s practice of making their projects on-budget and on-schedule through proper budgeting and resource planning are critical on how the company CONTROL their projects.
We are honored to have a presenter that has the capacity to explain and share T-Mobile’s success.

Presenter: Janice Pelayo
Senior Manager,
5G Core Network Engineering
T-Mobile

Scholarships

2019 Seattle Section AACE Scholarships

The Seattle Section of AACE International is proud to announce we will be awarding three scholarships on April 11th, 2019 at our monthly section meeting;

· $1500
· $1000
· $500

Applications due no later than Friday, March 3rd, 2019

Letter announcement and application documents are attached;

· Letter

· Application (.pdf)

· Application (Word .doc)

Congratulations to Matthew Straughn and Riley O’Keeffe, Our 2018 Scholarship Winners!!!

Congratulations to Alissa Capuano Our 2017 Scholarship Winner!!!

Employment Opportunities & Mentoring

Senior Delay Analyst

Long International is in search of a Senior Delay Analyst. Depending on how much the successful candidate wants to work, he/she can make well over $200k per year to start. The job description and details concerning applying are found by clicking on the link below.

https://www.indeed.com/job/senior-schedule-delay-analyst-c32e8a50b2f0bdba

Construction Schedule Engineer

The ideal candidate would have general experience in construction and project management with a high level understanding of Primavera P6, contract requirements, and claim implications.  Candidate would be self-motivated with strong leadership and problem solving skills in order to manage all schedule related matters and personnel.

 

Qualifications:

  • 4 year degree in construction management, engineering or other related field.
  • Minimum of 5 years construction related experience in scheduling and/or project management.
  • Demonstrated knowledge of Primavera P6 software & Claim Digger utility.
  • Demonstrated familiarity with HCSS estimating software preferred.
  • Demonstrated knowledge of and ability to manage work requests on multiple projects at the same time.
  • Demonstrated ability to communicate clearly both orally and in writing
  • Demonstrated knowledge and ability to use Microsoft Office Products:  Word, Excel, and PowerPoint software.
  • Ability to work with all project team members to establish and update CPM schedules.

Responsibilities:

Develop planning level and baseline construction schedules and establish protocols to track work progress using Primavera P6 software

Review project progress & schedule updates to proactively anticipate schedule impacts and advise project team concerning the same

Participate in and advise on schedule-related contract negotiations

Manage all in-house generated schedules

Manage any outside consultant generated schedules

Develop and manage company-wide schedule(s) with project information to maximize company resource utilization

Mentor and develop project schedulers and develop scheduling skills in operations personnel

       ·         Analyze risks associated with project schedules and advise project teams

       ·         Evaluate current scheduling protocols and recommend changes that improve efficiency

Click here for AACE International’s career and mentoring center.
To post your job openings here contact aaceseattle@gmail.com

Back to More!

Back to Home

Special Events

The AACE Seattle Chapter would like to thank our dear panelists (Adam S., Ryan M., Mike T. and Harry J.) for a night of representing themselves as Owners and Consultants in Project Controls, and also to our dear Moderator, Phil Larson.

We are also blessed of having our dear colleagues in Project Controls attending and listening to them to explore ideas on how Project Controls influence their work, to capture best practices & lessons learned and be aware of new techniques & tools.

We hope it was a productive night, and as always Executive Inn’s food and service are truly appreciated.

TOPIC: A Project Controls Panel Discussion – How can Project Controls Add Value to your Program/Project

DATE: 
January 9th, 2020

AACE Seattle Section

SYNOPSIS:
Project Controls plays a crucial Role in making Programs/Projects successful. Keen knowledge and expertise in Cost Estimating, Risk Assessment, Scheduling, Cost Control, Earned Value (to name a few) are the key aspects in Controlling Programs/Projects. Our Panelists will share their experiences on the Owner and Consultant side, they will show us how important a Project Controls role is and share their techniques on how AACE methodologies is applied on best practices and lessons learned. PANELISTS:
Adam Strutynski
– Director, Estimating, Scheduling, Risk & VE, DECM, Sound Transit
Harry Jarnagan
– Vice President, Mott MacDonald
Doug Grimm
– Principal Project Controls Manager, Planning & Management
Ryan Mallory
– Project Controls Professional, Jacobs Consulting
Mike Tibayan Project Controls Manager, City of Seattle, Seattle Public Utilities

All are cordially invited to attend!

 

Jim Zack

UW Gould Hall


AACE Seattle & VAF Consulting The Seattle Section of AACE (American Association for the Advancement of Cost Engineering International) is proud to sponsor Jim Zack, the world-renowned Claims Management expert, coming to Seattle for a two-day Seminar at the UW.

Register


$250 Early / $300 Late

https://aaceseminar.bpt.me

The Change Impact & Construction Claims Management Seminar will help attendees explore the interface between change orders and claims, understand the burden of proof imposed on all claimants, learn the basics of all 11 types of claims, become familiar with the analysis of construction claims, and gain insight into ways to resolve claims.

Who should attend?

• Employers, Designers, and Construction Managers
• Attorneys and their Claim/Scheduler Consultants
• Contractors and their project teams
• Subcontractors
• Contract Administrators for all of the above

Jim Zack is the Principal of James Zack Consulting, LLC a construction claims consultancy dedicated to aiding owners and contractors to complete their projects in the field, not in arbitration or court. He is also the Senior Advisor to the recently formed Ankura Construction Forum™. The Forum strives to be the construction industry’s resource for thought leadership and best practices on avoidance and resolution of construction project disputes globally. Jim was the founder and Executive Director of the Navigant Construction Forum™. Formerly he was the Executive Director, Corporate Claims Management Group, for Fluor Corporation, one of the world’s largest EPCM (Engineering, Procurement, and Construction Management) contractors. Prior to this, Jim was Vice President of PinnacleOne, Executive Director of the PinnacleOne Institute, and a Senior Construction Claims Consultant for CH2M HILL, Inc. He has, for 47 years, worked on both private and public projects throughout the U.S. and in 34 countries abroad. Jim has worked for both contractors and owners on more than 5,000 claims in his career. He a Fellow of AACE International, the Royal Institution of Chartered Surveyors, and the Guild of Project Controls. In the construction claims field, he is an internationally recognized and published expert in mitigation, analysis, and resolution or defense of construction claims and disputes. Jim is a Certified Construction Manager (CCM), a Certified Forensic Claims Consultant (CFCC), and a Project Management Professional (PMP).

Jim Zack is the Principal of James Zack Consulting, LLC a construction claims consultancy dedicated to aiding owners and contractors to complete their projects in the field, not in arbitration or court. He is also the Senior Advisor to the recently formed Ankura Construction Forum™. The Forum strives to be the construction industry’s resource for thought leadership and best practices on avoidance and resolution of construction project disputes globally. Jim was the founder and Executive Director of the Navigant Construction Forum™. Formerly he was the Executive Director, Corporate Claims Management Group, for Fluor Corporation, one of the world’s largest EPCM (Engineering, Procurement, and Construction Management) contractors. Prior to this, Jim was Vice President of PinnacleOne, Executive Director of the PinnacleOne Institute, and a Senior Construction Claims Consultant for CH2M HILL, Inc. He has, for 47 years, worked on both private and public projects throughout the U.S. and in 34 countries abroad. Jim has worked for both contractors and owners on more than 5,000 claims in his career. He a Fellow of AACE International, the Royal Institution of Chartered Surveyors, and the Guild of Project Controls. In the construction claims field, he is an internationally recognized and published expert in mitigation, analysis, and resolution or defense of construction claims and disputes. Jim is a Certified Construction Manager (CCM), a Certified Forensic Claims Consultant (CFCC), and a Project Management Professional (PMP).

Change Impact & Construction Claims Management

Nov 23-24, 2019

 

The objective of this two-day Seminar is to provide information for clients, employers, contractors, and all stakeholders concerning entitlement, causation and damages for each of the basic types of claims.  Attendees will learn how to prepare valid claims and defend against non-meritorious claims.

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Dubai 2007                                                   

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AACE Seattle & VAF Consulting logos

Just a few examples from the Seminar Agenda;
• How & Why Claims Arise

• Examples of Disputed Costs

• Entitlement

• Reverse Differing Site Condition Claims

• Difference Between Delay & Constructive Suspension

• To Win A Delay Claim – Must Prove

• Liquidated Damages

• Termination for Convenience – Decision

• Default Termination – Worst Case Scenario

• Actual Damages – The Right Way

• Delay Costs – Field Office Costs

• Delay Costs – Home Office Costs

• Claims Against Owners

• Claims from Subcontractors

• Claims Against Subcontractors

• Seven Deadly Sins for Contractors

• Ten Deadly Mistakes for Owners

• ATTACHMENTS: Delivering Dispute Free Projects

• ATTACHMENTS: Impact & Control of RFIs on Construction Projects

 

This Seminar includes learning materials, continental breakfasts, box lunches (from Ingallina’s Fresh-Healthy-Delicious www.ingallina.com) provided both days, and prepaid parking.

Please sign up early (before November 16th) and save $50. This history-making seminar will be held at the University of Washington, Gould Hall Room 322.

Registration is open to any interested in Construction Claims. We are purposely keeping the Seminar costs low so everyone can attend this outstanding 2-day Seminar.

Total cost is $250 for Early Registration (on or before Nov 15th) and $300 for Late Registration (after Nov 15th) plus a service fee.

Dates and times are Saturday & Sunday, November 23rd & 24th 2019, from 8:00 am to 4:00 pm.  The location is Room 322 Gould Hall at the UW, 3950 University Way, Seattle, WA 98105.

See you there!

Jim Zack is the Principal of James Zack Consulting, LLC a construction claims consultancy dedicated to aiding owners and contractors to complete their projects in the field, not in arbitration or court.  He is also the Senior Advisor to the recently formed Ankura Construction Forum™.  The Forum strives to be the construction industry’s resource for thought leadership and best practices on avoidance and resolution of construction project disputes globally.  Jim was the founder and Executive Director of the Navigant Construction Forum™.  Formerly he was the Executive Director, Corporate Claims Management Group, for Fluor Corporation, one of the world’s largest EPCM (Engineering, Procurement, and Construction Management) contractors.  Prior to this, Jim was Vice President of PinnacleOne, Executive Director of the PinnacleOne Institute, and a Senior Construction Claims Consultant for CH2M HILL, Inc.  He has, for 47 years, worked on both private and public projects throughout the U.S. and in 34 countries abroad.  Jim has worked for both contractors and owners on more than 5,000 claims in his career.  He a Fellow of AACE International, the Royal Institution of Chartered Surveyors, and the Guild of Project Controls.  In the construction claims field, he is an internationally recognized and published expert in mitigation, analysis, and resolution or defense of construction claims and disputes.  Jim is a Certified Construction Manager (CCM), a Certified Forensic Claims Consultant (CFCC), and a Project Management Professional (PMP).


SCS – Seattle Chapter Meeting-AI & Construction Robotics @OAC Services

Jesse Gallanar
Thursday, November 14, 2019 from 5:30 PM to 9:00 PM (PST)
Seattle, WA

Welcome to Seattle’s Society for Construction Solutions (SCS) industry chapter meeting. Where professionals, entrepreneurs, investors, and researchers meet to support the technological advancement of the construction process.

SCS Homepage:
https://scscatalyst.org/

PLEASE NOTE WE ARE AT OAC SERVICES-Seattle

Topics and Speakers:

I’m excited about this chapter meeting due to the fact that we have two software developers with deep ties to Microsoft, problem solving software, VR, engineering, HoloLens, and many other technical skills.

Get ready to get your nerd-construction hat on and contribute to these new and exciting start-ups from right here in the Pacific Northwest!

Zeeshan Zia of Retrocausal AI & Imran Peerbhai of ThinkPredict

Retrocausal AI – https://www.linkedin.com/company/retrocausal-ai/about/

Zeeshan Zia: https://www.linkedin.com/in/zeeshan-zia-51128398/

We are building the AI platform for Occupational Safety and Training.

Our founding team comprises of computer vision and AI PhDs, academics, and engineers with experience shipping some of the most iconic computer vision products.

We are currently in semi-stealth mode, but love talking to occupational safety and health customers across construction, manufacturing, and other industries.

Think Predict – https://www.linkedin.com/company/thinkpredict/about/

Imran Peerbhai – https://www.linkedin.com/in/imran-peerbhai-3956625/

ThinkPredict (construction robotics) is a machine learning company focused on applied machine learning. We build hardware, traditional software, and SaaS products to specification that use artificial intelligence as part of the enterprise solution. With expertise in voice, vision, and database technologies, we enable automation of business processes to help companies save time and money by augmenting machine intelligence into existing workflows.We are in the process of pivoting into construction robotics
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We encourage everyone to come to the event with discussion topics, emerging technologies, and proven best-practices.

Sponsor(s):

Thank you, OAC Services, as our gracious host.

We are looking for help with beverages and snacks during the event.

There are three ticket types:

1. General attendance $0, so we can plan accordingly for headcount.

2. Snack and beverage contribution of $10: Please feel free to step up and contribute to the networking portion of the evening.

3. Sponsorship level contribution with mention to the group $50

Thank you,

Please direct any questions to:
Jesse Gallanar
jpgallanar@gmail.com
425.628.3300

PARKING:

The entrance to our building is across from Starbucks on South Walker Street, please use call button and the office coordinator will buzz you in.

Elevators in the lobby will take you to the second floor and our office is on your left-hand side.

We look forward to welcoming you to OAC!

2019 AACE International Conference Expo Seattle Section Technical Paper Presenters and Participants