Decommissioning Cost Estimating -The ''Price'' Approach
Over the past 9 years UKAEA has developed a formalized approach to decommissioning cost estimating. The estimating methodology and computer-based application are known collectively as the PRICE system. At the heart of the system is a database (the knowledge base) which holds resource demand data on a comprehensive range of decommissioning activities. This data is used in conjunction with project specific information (the quantities of specific components) to produce decommissioning cost estimates. PRICE is a dynamic cost-estimating tool, which can satisfy both strategic planning and project management needs. With a relatively limited analysis a basic PRICE estimate can be produced and used for the purposes of strategic planning. This same estimate can be enhanced and improved, primarily by the improvement of detail, to support sanction expenditure proposals, and also as a tender assessment and project management tool. The paper will: describe the principles of the PRICE estimating system; report on the experiences of applying the system to a wide range of projects from contaminated car parks to nuclear reactors; provide information on the performance of the system in relation to historic estimates, tender bids, and outturn costs.
- Research Organization:
- United Kingdom Atomic Energy Authority (GB); GLEEDS (GB)
- Sponsoring Organization:
- none (US)
- OSTI ID:
- 828660
- Resource Relation:
- Conference: Waste Management 2002 Symposium, Tucson, AZ (US), 02/24/2002--02/28/2002; Other Information: PBD: 26 Feb 2002
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
99 GENERAL AND MISCELLANEOUS//MATHEMATICS, COMPUTING, AND INFORMATION SCIENCE
AUTOMOBILES
DECOMMISSIONING
EXPENDITURES
KNOWLEDGE BASE
PERFORMANCE
PLANNING
PRICES
PROGRAM MANAGEMENT
REACTORS
UKAEA
WASTE MANAGEMENT