One of the most important elements for the success of any FPSO (floating production storage offloading) project is effective monitoring and follow-up action in order to keep the planned schedule of construction and delivery. The planned schedule itself is a function of various factors including capabilities of the building yard and its contractors. Hence, before any final commercial commitment is given to any shipyard, potential construction facilities must be evaluated in terms of physical facilities (e.g., steelwork prefabrication, dry-docks); management systems (e.g., project-management system, quality assurance and quality control procurement, and preoutfitting experience); discipline and trade resources (e.g., engineering manning levels; steelwork and out-fitting trade levels, hook-up, and commissioning resources); and corporate considerations (e.g., previous offshore sector experience, fiscal stability). The construction schedule for a typical FPSO project can be broadly broken down into four quartiles; namely, those related to (a) engineering and procurement; (b) prefabrication and preoutfitting; (c) vessel erection, outfitting, and process installation; and (d) final outfitting, hook-up, commissioning, and completion.

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