AACE Hawaii Section Zoom Webinar – July 23rd

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.  

AACE Rising Professionals Committee (RPC) – University Outreach Presentation

As 2019-2020 Chair of AACE Rising Professionals Committee (RPC), Daniel P. Gilmour shared his presentation with us which an introduction to project controls careers and AACE in general. As he stated,  “the Rising Professionals Committee’s (RPC) mission is to provide insight and recommendations to create a foundation for AACE’s value to younger individuals who are rising in their careers in total cost management.   Throughout the past two year, one of the RPC’s most significant initiatives is to improve AACE’s university outreach.  Around this time last year, we sent each section recommendations for how to improve university outreach and this year we have produced, with the help of AACE HQ, a template university outreach slide deck for our sections to take to local universities.” The presentation can be downloaded here.

AACE Seattle Section Webinar – June 11th, 2020

TITLE: 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

LOCATION: Webinar via Go To Meeting

PROGRAM TIME (HST):

June 11, 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

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

https://global.gotomeeting.com/join/609516005

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

United States: +1 (646) 749-3112
– One-touch: tel:+16467493112,,609516005#

Access Code: 609-516-005

Hawaii Section Certification Webinar

On February 28th, 19 AACE Section members and friends attended at the office of Rider Levett Bucknall to listen to a webinar presentation on AACE Technical Guidance and Certifications by Christian Heller, Director of Technical Guidance at AACE International Headquarters, and Penny Whoolery, Manager of  Certification & Membership at AACE International Headquarters. Mr. Heller provided an overview of AACE technical resources through AACE official website and Ms. Whoolery went through the AACE’s eight certifications and outlined eligibility requirements and examination objectives.

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Upcoming Webinar Event

Hawaii Section Webinar

Presentation: This presentation will provide an overview of AACE’s many technical resources and where best to locate them.

An overview of the AACE’s eight certifications will be examined, outlining eligibility requirements and examination objectives.

Date: Friday, February 28, 2020

Time: 8:30 AM-9:30 AM

Location: 1001 Bishop Street, Suite 2690 (Rider Levett Bucknall)

Parking: Affordable parking available at Ali’i Place, 1099 Alakea Street (allow 10-minute walk)

Cost: Free to all members and guests (coffee & doughnuts will be provided)

RSVP: by February 26th through aacehawaiisection@gmail.com

Thank you!

 

Site Visit: HNL Consolidated Car Rental Facility Phase 2B Project

On Friday, January 10, nineteen AACE Hawaii Section members and guests participated in a construction site visit of the HNL Consolidated Car Rental Facility Phase 2B Project. The project involves the construction of a five-story structure, intended to meet the operational and spatial needs for all the rental car companies conducting business at the Daniel K. Inouye International Airport (HNL).  The facility is situated on nearly seven acres of land, bordered by Aolele Street to the north, the Overseas Terminal Parking Structure to the west, the “Arrivals” roadway to the south, and Paiea Street to the east.  The facility is situated over the current operational site for five (5) rental car companies (Advantage Rental Car, Avis Rental Car, Budget Rental Car, Hertz Rental Car, and National Rental Car). The whole project is expected to be completed in the fourth quarter of 2021.

Mahalo to Nathan Kaneshige, the Head of the Design Section for the Statewide Airport System, for providing this opportunity.

Mahalo to Marco Cabrera, Cost Estimator for changes/claims team at AECOM, for the tour guide.

AACE Site Visit - Jan 2020

(from left to right) Jim Ogata, William “Bill” Fernandez, Ging Ging Fernandez, Rod Nagao, Jian Zhou, Brooks Ford, Maelyn Uehara, Chris Kanae, Yashaira Fletcher, Nicki Dockery, Rollin Wakely, Juhee Han, Jeremiah Laguesta, Brandon Leong, Tommy Uno, Alan Davidson, Kevin Bunting, Evan Yamamoto, Marco Cabrera, Michael Saupan, Robert McAlman, Jorge Aguirre.