Full Content is available to subscribers

Subscribe/Learn More  >

Enbridge Cost and Schedule Contingency Assessments

[+] Author Affiliations
Matthew Schoenhardt, Vachel Pardais

Stantec Consulting Ltd., Edmonton, AB, Canada

Cheryl Fortin, Brent Kitson

Enbridge Pipeline Inc., Edmonton, AB, Canada

Jay Hanzel

Enbridge Pipeline Inc., Calgary, AB, Canada

Paper No. IPC2012-90259, pp. 49-56; 8 pages
  • 2012 9th International Pipeline Conference
  • Volume 1: Upstream Pipelines; Project Management; Design and Construction; Environment; Facilities Integrity Management; Operations and Maintenance; Pipeline Automation and Measurement
  • Calgary, Alberta, Canada, September 24–28, 2012
  • Conference Sponsors: International Petroleum Technology Institute, Pipeline Division
  • ISBN: 978-0-7918-4512-7
  • Copyright © 2012 by ASME


All capital projects have an element of risk and uncertainty. In today’s business environment this requires more than just simply adding 10 percent contingency to the cost estimate to cover off project unknowns. Before sanctioning a project for hundreds of millions of dollars, Board of Directors need to know what possible cost and schedule outcomes exist in order to safe-guard shareholders’ investments. Contingency assessments must be:

• Risk-based

• Project Specific

• Repeatable

• Defendable

• Cost effective

Six years ago, Enbridge grappled with these issues and realized it needed to adopt a new method of assessing both cost and schedule contingencies. After evaluating options, Enbridge set upon developing an in-house parametric modeling solution for its contingency assessment needs.

This paper will:

• Identify various options for assessing contingency

• Review the Enbridge process

• Demonstrate the value of a simplified risk register

• Identify required data inputs

• Illustrate calibration and accuracy of assessments

• Discuss business advantages of parametric modelling

Copyright © 2012 by ASME



Interactive Graphics


Country-Specific Mortality and Growth Failure in Infancy and Yound Children and Association With Material Stature

Use interactive graphics and maps to view and sort country-specific infant and early dhildhood mortality and growth failure data and their association with maternal

Citing articles are presented as examples only. In non-demo SCM6 implementation, integration with CrossRef’s "Cited By" API will populate this tab (http://www.crossref.org/citedby.html).

Some tools below are only available to our subscribers or users with an online account.

Related Content

Customize your page view by dragging and repositioning the boxes below.

Related eBook Content
Topic Collections

Sorry! You do not have access to this content. For assistance or to subscribe, please contact us:

  • TELEPHONE: 1-800-843-2763 (Toll-free in the USA)
  • EMAIL: asmedigitalcollection@asme.org
Sign In