In order to receive proof of
CEU credits, you must watch this presentation in its entirety and complete the
survey.
Level: Basic
TCM Section(s):
7.3. Cost Estimating and Budgeting
Venue: 2021 AACE International Conference & Expo
Abstract: In today's technologically advanced and competitive economy, there is a growing interest in the utilization of nuclear fission energy to guarantee a reliable power-load base and carbon free electricity but we are seeing cost competitive nuclear projects in developing countries, then traditional countries.
Every project starts with a cost estimate and for new build nuclear projects cost estimates are as essential as is a reliable process to create them. A high-quality cost estimate is decisive and critical after scope and schedule definition.
It is not easy to estimate the cost of a nuclear power plant; a large amount of time, an expert team and a reliable process are required to develop realistic cost estimates.
The purpose of this paper is to describe the development of class 3 capital cost estimates of a nuclear grade turbine building and of an administration building for a new build Pressurized Water Reactor plant (PWR NPP) under construction in the Middle East.
Quality assurance, safety and seismic regulation are essential cost drivers: their different impact on cost development of the two buildings will be shown.
The variability of the two building cost estimates will be assessed through uncertainty and risks analysis.
Level: Basic
TCM Section(s):
7.3. Cost Estimating and Budgeting
Venue: 2021 AACE International Conference & Expo
Abstract: In today's technologically advanced and competitive economy, there is a growing interest in the utilization of nuclear fission energy to guarantee a reliable power-load base and carbon free electricity but we are seeing cost competitive nuclear projects in developing countries, then traditional countries.
Every project starts with a cost estimate and for new build nuclear projects cost estimates are as essential as is a reliable process to create them. A high-quality cost estimate is decisive and critical after scope and schedule definition.
It is not easy to estimate the cost of a nuclear power plant; a large amount of time, an expert team and a reliable process are required to develop realistic cost estimates.
The purpose of this paper is to describe the development of class 3 capital cost estimates of a nuclear grade turbine building and of an administration building for a new build Pressurized Water Reactor plant (PWR NPP) under construction in the Middle East.
Quality assurance, safety and seismic regulation are essential cost drivers: their different impact on cost development of the two buildings will be shown.
The variability of the two building cost estimates will be assessed through uncertainty and risks analysis.