Aloha all, please see January 2021 Wiliki here.

TITLE: Supporting Diverse Businesses at the Port of Seattle

SYNOPSIS: 

What does it entail to have a company or agency be diverse in doing business?  The Port of Seattle is admired for how they give importance to Diversity, Equity and Inclusion.

There are a lot of ways to support the goal of an agency to be diversified, it may include project contracting, hiring employees, giving services and selling goods. We at AACE Seattle have invited a great person who has an important role in developing and managing diversity on projects.  Being a catalyst who creates a diverse environment is most important for a company to become successful.       

PRESENTER:

Lawrence Coleman

Woman/Minority Business Ent Mgr.,

Diversity in Contracting 

LOCATION: Go To Meeting

PROGRAM TIME:

Dec. 17^th, 2020 @ 9:45pm HST

9:45pm –Log-in to Webinar

10:00pm – Webinar Starts

10:45pm – Q&A

11:00pm – Webinar Ends

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

https://global.gotomeeting.com/join/459133381

You can also dial in using your phone.

(For supported devices, tap a one-touch number below to join instantly.)

United States: +1 (224) 501-3412

– One-touch: tel:+12245013412,,459133381#

Access Code: 459-133-381

New to GoToMeeting? Get the app now and be ready when your first meeting starts: https://global.gotomeeting.com/install/459133381

NOTE: Make sure you are not simultaneously using the Phone and Laptop Mic, this will result in 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

Aloha all, please download December 2020 Wiliki here.

TITLE: Would you like to save 3% of your project value? Artificial Intelligence may hold the key.

SYNOPSIS: 

Learning from past mistakes on construction projects is hard – 98% of mega projects incur cost and time overruns according to McKinsey. The challenges are wide-reaching, from collating historical data, to interpreting results, and comparing results across your entire portfolio history. 

Thankfully, new tools are being developed, using Artificial Intelligence techniques, to tackle these challenges and unlock massive savings opportunities for contractors, owners, and the community. 

Join Toby Buchanan from nPlan to learn how major project teams are using these tools today on projects around the world. 

PRESENTER:

Toby Buchanan    

General Manager, nPlan

LOCATION: Go To Meeting

PROGRAM TIME:

Nov. 12^th, 2020 @ 9:45am HST

9:45am –Log-in to Webinar

10:00am – Webinar Starts

10:45pm – Q&A

11:00am – Webinar Ends

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

https://global.gotomeeting.com/join/812369853

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,,812369853#

Access Code: 812-369-853

Aloha all, please check out November 2020 Wiliki here.

Aloha all, please check out September and October 2020 Wiliki here.

TITLE: 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 (HST):

September 24^th, 2020

3:45pm –Log-in to Webinar

4:00pm – Webinar Starts

4:45pm – Q&A

5:00pm – 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 4:00 PM – 5:00 PM (HST)

Please join the 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

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, Post of Seattle

PROGRAM TIME (HST):

August 13^th, 2020

3:45pm –Log-in to Webinar

4:00pm – Webinar Starts

4:45pm – Q&A 5:00pm – Webinar Ends

Aloha all, please check out August 2020 Wiliki here.

Aloha Members and Guests,

Please grab a virtual seat and join us on Thursday, July 23rd at 11am HST for a webinar presentation by Matthew Schoenhardt on Parametric Contingency Estimating on Small Projects.

Presentation: While mega-projects capture the attention of executives, shareholders, media and researchers, the sheer quantity of many companies’ “small projects” can eclipse the capital spend of a single mega-project.  For most companies, these small projects are the foundation of sustained and incremental profitability.  The size of “small projects” often precludes detailed contingency assessments by project managers while their puny stature renders them unattractive to academic research.  As a result many firms solve this problem by simply applying 10% contingency across the board to small projects, regardless of the project’s actual risk profile.

Location: Join Zoom Meeting

https://us02web.zoom.us/j/2188088045

Recommended practice 43R-08, Risk Analysis and Contingency Determination using Parametric Estimating applies historical empirical data to estimate contingency.  This Parametric contingency method has clear advantages over other AACE recommended practices for mega-projects including speed, accuracy and cost effectiveness.

Matthew has over 20 years of project experience covering a broad range of industries including manufacturing, heavy industry, food processing, infrastructure with a particular focus on the oil and gas industry.  A big picture thinker with an intrinsic desire for logical, efficient processes, Matthew approaches projects from a business perspective with a clear understanding of the profit motive.  With the mantra “predictability is better than perfection” Matthew has streamlined processes and developed coherent stage-gate processes. His natural affinity for numbers has allowed the creation of world-class models.  In these, Matthew’s curiosity naturally led to a desire for better uncertainty, risk and contingency assessments.  After completing over $100B of assessments on hundreds of projects, Matthew is familiar with all methods of risk management.  As an expert in the field, Matthew is one of North America’s foremost practitioners of the parametric/systemic approach and published several papers on capital project risk management.  Despite his logical quantitative bent, Matthew is both effusive and engaging in demeanour and was ranked as the #1 overall speaker at AACE 2016.