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  Products: Cost Benefit Analysis

 

The following Chart is the result of an actual project. Our Engineering Tools have been through a number of projects ranging from 50 to 1800 pieces of equipment and instruments; and from 50 to 2000 electrical circuits.


Task Description No. of Drawings or Sheets Normal Projected Hours Per Sheet Normal Projected Hours Projected Hours using K Data, Inc Tools Percent Savings
Piping and Instrumentation Diagram Development 16 40 640 640 0.00%
Pipe Line List Shell 8 2 16 0 100.00%
Instrument Index 21 2 42 10 76.19%
Instrument Datasheets 150 1.5 225 225 0.00%
Instrument Location Plans 2 12 24 24 0.00%
Conduit & Cable Schedule (Circuits) 400 0.25 100 40 60.00%
Terminal Box Layout & Bill of Materials 4 4 16 12 25.00%
Instrument Loop Diagram 100 2 200 40 80.00%
60% Review 16 2 32 24 25.00%
90% Review 16 2 32 24 25.00%
Equipment Index Shell 9 2 18 0 100.00%
TOTALS:
    1,345 1,039  
Using $70 / Hr as a base:
    $94,150.00 $72,730.00  
Savings:
   
$21,420.00
 


As you can see from the chart above, there were significant savings on the cost of engineering for the project. In addition to the savings in engineering, there were fewer questions during construction because all documentation was consistent due to the nature of relational databases.

As a result of feedback from customers, there have been several time saving additions for cable scheduler and other modules. The ability of users for the Cable Scheduler module has ranged from designers who have never scheduled circuits before to engineers with 40 years experience the old fashioned way. Due to its intuitive nature, engineers are able to use this module immediately with no training. Of course, with practice and minimal training, the time savings rise dramatically.

 
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