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GATE Energy was founded with the mission of doing things right the first time. This simple yet powerful mission drove us to build processes and systems that have allowed us to hire, train, and develop graduate engineers into industry recognized subject matter experts and thought leaders.
Our Technical Blog Gives You Access To:
On-demand training videos developed by our industry experts
Easy-to-use simulation tools that will provide an 80-20 solution for typical production monitoring and optimization workflows
Technical articles and abstracts centered around energy industry knowledge and lessons learned
We want to do our part and make sure that new decision makers have the right tools, guidance, mentors, and coaches to help them make the right decision the first time, every time.
Systemic Risk in Major Capital Projects: Why Traditional Cost Estimation Fails & How to Fix It
If you’ve been involved in capital project planning, you’ve likely seen it happen—despite detailed estimates, careful risk assessments, and robust controls, cost overruns and schedule delays remain persistent challenges.
The truth is, that most cost overruns are not caused by unexpected project-specific risks but by systemic risks—deeply embedded, structural uncertainties that traditional estimation methods fail to capture.