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SubTel Forum Issue #135 - Finance & Legal

Page 72

FEATURE FORECASTING THE VOYAGE: A Statistical Expedition into Submarine Cable System Development Success BY SYEDA HUMERA AND KRISTIAN NIELSEN ABSTRACT

decision-making in an industry influenced by financial, technological, and timing factors, underlining the critical role of accurate forecasting in achieving success.

This report introduces a predictive model designed to forecast the success and timelines of submarine cable system development, from concept to commissioning. It leverages the “Cable Dates” dataset CONCEPTUAL MODEL for a detailed analysis, providing The Conceptual Probability statistical insights into the likeModel is based on key observalihood of advancing through key tions of submarine cable system development stages: Announcedevelopment, pinpointing essential ment, Contract in Force (CIF), milestones that indicate the projMarine Survey, Manufacturing, ect’s progress through its lifecycle. and Ready for Service (RFS). These milestones include the The model offers a compreheninitial announcement, Contract sive overview of the development in Force (CIF), start of Marine process, highlighting the initial Route Survey, beginning of manmomentum at the announceufacturing, and the final step of ment phase and identifying CIF commissioning leading to Ready as a critical indicator of financial for Service (RFS). These stages commitment and project viability. form the core of our model. The It notes that the stages following CIF milestone is especially signifFigure 1: Conceptual Probability Model CIF, while technically and logistiicant, acting as the key indicator cally more complex, show a higher of financial viability and compredictability in terms of project advancement. The report mitment. After reaching CIF, the likelihood of the project quantifies the average time between milestones, noting a rela- continuing and successfully completing increases significantly. tively swift transition from CIF to Marine Survey and longer periods from Survey to Manufacturing and Manufacturing METHODOLOGY to RFS, reflecting the inherent challenges of engineering and The methodology involves compiling data from the implementing submarine communications infrastructure. provided “Cable Dates.csv” file, extracting key dates, and By providing these statistical analyses, the report serves calculating the interval between different stages. This inforas a practical tool for industry stakeholders, guiding them mation is then used to assess the likelihood of progression through the complexities of submarine cable projects. It to subsequent stages. emphasizes the importance of data-driven planning and To adapt the methodology, you’ve provided for the anal-

72 SUBMARINE TELECOMS FORUM MAGAZINE


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