Estimate Costings of Large Maritime Vessels

Location: Hobart, TAS

Duration: 5 months

Project Background

INCAT is a world leading designer and manufacturer of high speed, light weight, and fuel-efficient aluminium catamarans. It specialises in the construction of vehicle and passenger ferries, military support vessels and offshore crew support vessels. The vessels typically carry over 1000+ passengers and 400+ cars. Incat currently employs 600 people and directly supports 100’s of local contractors. Incat is situated on the River Derwent in Hobart and is looking to expand.

There are only two companies in the world that build large catamarans and they are both based in Australia.

Research to be Conducted

In INCAT’s finance department, there are three main areas:
– financial accounts,
– cash flow, and
– costing estimates for future vessels

The PhD intern will be required to spend their time to investigate and explore best practice around costing estimates for future vessels, cost management processes and the relationship with process management.

The research to be conducted will involve:
– cost estimate processes for future vessels
– cost management
– man hours calculations
– work breakdown structure
– predictive financial modelling
– tracking actual activity against predictive cost estimate model
– project management (each vessel takes 18 months or longer to build)
– develop link between cashflow and costing estimates

Skills Required

If you’re a PhD student and meet some or all the below we want to hear from you. We strongly encourage women, indigenous and disadvantaged candidates to apply:

  • Knowledge of cost estimating
  • Project cost management skills
  • Ability to communicate complex subjects to all audiences
  • Analytical skills
  • Proactive thinker
  • An understanding of the manufacturing industry

Expected Outcomes

INCAT continuously rethinks its approach to process management and to push technological limits. With this increasing mandate comes a demand for greater reliability and credibility in predicting the estimated cost of a complex vessel. Thus, sound record keeping, modelling and cost analysis processes are essential. Although a vessel costing project can be multidimensional and complex the expected outcome should be relatively simple to review and validate. Ideally there would be two levels of estimates, firstly a quick cost estimate (which could take 1 day) and secondly a more detailed and robust estimate.

We also wish to track actual activity as well as link the cash flow against the predictive cost estimate model.

Additional Details

The intern will receive $3,000 per month of the internship, usually in the form of stipend payments.

It is expected that the intern will primarily undertake this research project during regular business hours, spending at least 80% of their time on-site with the industry partner.  The intern will be expected to maintain contact with their academic mentor throughout the internship either through face-to-face or phone meetings as appropriate.

The intern and their academic mentor will have the opportunity to negotiate the project’s scope, milestones and timeline during the project planning stage.

Applications Close

 20 November 2019

Reference

APR – 1273