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> UCEC 2013
Events by IPA
Houston, Texas, hosted by Shell
June 12-13, 2013
The Upstream Cost Engineering Committee (UCEC) was formally organized in 1999, is an approved subcommittee of the UIBC, and is held annually in the spring. The purpose of the UCEC is to improve upstream project and business results by improving cost engineering functional processes through the use of cost and schedule metrics by developing and analyzing upstream cost metrics. UCEC participants include IPA clients who have a common interest in cost engineering and cost metrics development and should represent the cost engineering function in their companies. If the participants do not represent the cost engineering function, they should have a strong commitment to improving that function within their companies.
The metrics produced by the UCEC can be used by the participating companies for the following:
Support conceptual estimates and schedule development
Support estimate and schedule reviews
Assess company performance against industry norms
Support calibration and improvement of company tools and databases
Improve asset cost evaluation and concept development
The metrics are developed from all of the projects in the Upstream Project Evaluation System (UPES) , not just from the data of the member companies.
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