Atlas Salt Announces De-risked Development Schedule for Great Atlantic Salt Project - Seite 2

PERT Analysis and Monte Carlo Simulation: A full Program Evaluation and Review Technique ("PERT") analysis has been conducted, accompanied by a Monte Carlo simulation to address schedule risks and duration uncertainties. This dual approach has provided a more realistic and resilient schedule that anticipates potential challenges and mitigates associated risks.

Oracle Primavera Cloud Software: The scheduling work was performed using Oracle Primavera Cloud, a leading scheduling software. This platform enhances the precision and flexibility of the schedule while ensuring a seamless transition into the construction phase, supporting the Project's long-term success. Additionally, Atlas Salt is currently implementing Oracle Aconex and Oracle Netsuite systems, which together will form an integrated scheduling, construction management, costing, procurement and financial controls system.

Quality Assurance Review: The revised schedule underwent a quality assurance review by Tamkali, an independent project services and controls advisory firm. The review confirmed that the schedule serves as a robust baseline for project execution, capable of accommodating future project phases, including construction and commissioning.

A graphic illustrating the high-level project schedule reflecting the 3-month improvement and estimated ranges, is included below.

Foto: Accesswire

Figure 1 - Updated Overall Project Schedule

Tamkali's President, Will van Niekerk, highlighted, "Our Independent peer review of the de-risked Project schedule found that it is representative of the execution strategy and can effectively be used to establish an initial baseline for the Project's timeline, ensuring that the key milestones for management, engineering, procurement, construction and commissioning are defined and achievable. This foundation will support a baseline upon which permitting, engineering, and associated activities can be built to ensure transparent progression of the Project as it advances through its subsequent phases."

Richard LaBelle, CEO, commented: "This schedule improvement is a testament to our commitment to building the Great Atlantic Salt Project. By integrating expert insights from Tamkali and advanced risk analysis, we have strengthened our confidence in the Project's successful execution. We are excited about the progress made and are fully dedicated to advancing the Project with a focus on operational excellence and stakeholder value."