Case Study for WinGas

WINGAS and its personnel required a well engineering management system that would maintain assurance and operational consistency from start to finish. Crucially, it needed a solution that would allow strategic decision-makers based around the world to track progress instantly and reliably at any time. Click here to view more..







[youtube http://www.youtube.com/watch?v=DFCsnCVo4Y4?list=UUuBzD-cbsMp6dCqWT4__f5g&hl=en_US&w=560&h=315]

Register to mark your Comments

Case Study about Petrofac

Petrofac needed a software solution to manage its well delivery operations. It needed a system that integrated process, documentation and guidelines with an ability to capture lessons and actions for each individual well project: it required operational assurance. The well engineering team charged with managing the multi-million dollar investment covered all disciplines, from workover personnel to drilling professionals. That meant the software solution had to be flexible enough to span the breadth of each well operation – without compromising overall project integration or the audit trail. View further..







[youtube http://www.youtube.com/watch?v=OoozI5tqwnc&w=420&h=315]

Register to mark your Comments

Case Study for Energy & Minerals Australia Ltd

Energy Resources of Australia Ltd (ERA) is a specialist mining company which is currently producing approximately 11 per cent of the world’s uranium oxide. The company’s production comes entirely from the Ranger Uranium Mine, the world’s second largest, in the Alligator River’s region of the Northern Territory.The uranium sold by ERA is used only for the generation of nuclear electricity under strict international safeguards monitored by the Australian Safeguards and Non-Proliferation Office and the International Atomic Energy Agency. Read further..



Register to mark your Comments

Case Study about Endocoal

From early exploration drilling, two major targets had been identified at Orion Downs and Rockwood in the Bowen Basin. These projects are a vital influence to the company’s share price, and as such needed accurate data models and quality control. At this time the company was facing two major challenges. Firstly, there was no data management software system in place and there was clearly the need for data control, validation and to be confident in having one single truth data source. Secondly, the company didn’t have the capacity to create data models and the cost to outsource Resource Estimations was perceived as too expensive. Read further..







[youtube http://www.youtube.com/watch?v=eB5uqG7Pb8s&w=560&h=315]

Register to mark your Comments

Case Study of Birmingham City University

The University’s popularity has grown tremendously in recent years; between 2008 and 2010 BCU had the highest rise of UCAS applications of any Midlands university. However, it had no coherent approach to enquiry management with enquiries received centrally within Marketing and each of its six academic faculties. Almost half of prospective student enquiries received were not being logged at all and other than Open Day invitations and an ad hoc magazine, there was v/ery little by way of nurturing. Read further..







[youtube http://www.youtube.com/watch?v=jG9MXQdpllM&w=420&h=315]

Register to mark your Comments

Case Study for Wood Energy in Alaska

Biomass resources in Alaska are extensive and diverse, comprising millions of acres of standing small-diameter trees as well as limited amounts of forest harvesting residues and wood products manufacturing residues. Low-quality logs and small-diameter trees within commercial stands also represent an important potential source of biomass in Alaska (Alaska Department of Natural Resources 2008).



Recent wildfires in interior Alaska, including the summer of 2004, in which more than 6.7 million acres burned (Ipsen 2004), have also created large amounts of standing dead timber, a potentially large biomass source. Over the past two decades, beetle infestations have affected millions of board feet of timber in southcentral Alaska, and bioenergy and other biobased products may be one remaining use for this material. Read more..



Register to mark your Comments

Case Study on Empire Energy Llc

Empire Energy, LLC is part of the Empire Group of companies including Empire Research and Empire Farms. Facilities owned by or to which Empire Energy supplies energy include an approximately 3.6-MWe net geothermal binary power plant and an onion/garlic dehydration plant operated by Empire Farms (Figure 1). Both facilities are located in the San Emidio Desert in northern Washoe County, Nevada. The site is located just south of Empire and Gerlach, and approximately 100 miles (161 km) north of Reno, Nevada. Find out more..







Register to mark your Comments

Case Study Audit Planning and Risk Assessment

Audit managers must make several difficult decisions while planning complex audit engagements and can therefore benefit from the development of a structured methodology to assist in managing the risks associated with the audit planning process. The Information Systems Audit and Control Association (ISACA, 2000) confirms the need for guidelines to assist auditors in expressing an accurate opinion of the financial statements and detecting errors in audit areas. The traditional audit risk model (Woodhead, 1992; Kanter and Pitman, 1995; Dusenbury et al, 2000), which places risk factors into three broad categories viz. inherent risk, control risk, and detection risk, can provide some guidance to audit professionals.



Colbert and Weirich (2006) discuss the eight new Statements on Auditing Standards (SASs) developed by the AICPA. These new standards provide guidance for applying the traditional audit risk model and provide a framework for planning audit engagements. Some of the key issues addressed by the new standards include the meaning of reasonable assurance, audit risk and the risk of material misstatement, materiality and tolerable misstatement, financial statement assertions, internal control, information technology and audit evidence. The new standards also detail audit procedures such as observation, inquiry, confirmation, recalculation, performance and analytical procedures which may be used in tests of controls and substantive procedures. Read more..



Register to mark your Comments

Case Study on Audit Planning And Evaluation

For several decades there has been increasing interest in the audit and assurance profession in developing audit methods and standards that improve our ability to address the possibility of detect significant financial statement fraud. In the standards arena, SAS No. 82, Consideration of Fraud in a Financial Statement Audit (AICPA 1997), was promulgated in 1997. This audit standard requires CPAs to assess and document the risk of fraud during audit planning and to document changes to audit programs resulting from that assessment.



Unfortunately, both practice development and academic research have been handicapped by a lack of a rigorous framework to facilitate assessment of audits in contexts where the potential for fraud is significant. The purpose of this paper is to develop a framework to assist audit planning and evaluation given explicit consideration of the possibility of fraud. The model development is based on an evidential network that has two major sub-networks: one to capture risk and evidential relationships for a conventional financial statement audit and another to capture the risk and evidential relationships for SAS No. 82 fraud risk assessment. Read more..



Register to mark your Comments

A Case Studies on Money Management

Mr & Mrs X had £30,000 of unsecured borrowing consisting of credit cards and loans. Due to a reduction in Mrs X hours at work, their income did not cover the monthly repayments, which amounted to over £650. With the interest accruing every month on the amounts owed, the debts were growing month by month.

The couple approached Zebra Money Management who conducted a full review of their financial affairs. It was agreed that the couple would put together proposals for an Individual Voluntary Agreement (IVA). Mr & Mrs X could only afford to pay £320 per month, which was agreed by the creditors. This enabled the interest to be frozen on the accounts. With IVA in place Mr & Mrs X were able to cover the costs of the household again and get their lives back on track. Click here to read more…

Register to mark your Comments