Advanced Cost Estimating (AspenTech Software)

OBJECTIVE

This advanced course will help you gain the experience you need to use Aspen Capital Cost Estimator for detailed estimates and cost tracking, all phases of estimating the lifecycle of a job, and using the decision analyzer to scale estimates. Get hands-on experience with the import/export feature and detailed unit rate estimating in Aspen Capital Cost Estimator that will help you increase CAPEX estimate precision, reduce estimate uncertainty, and speed up estimate reviews. You will also learn how to get more out of your subcontract structure in Aspen Capital Cost Estimator and use the modularization feature to add to your company's ROI.

BENEFITS

• Use Aspen Capital Cost Estimator to evaluate your company's projects and maximize return on investment
• Build, interpret, and revise estimates in a fraction of the time required by traditional methods
• Make adjustments to project estimates according to local area conditions and reduce decision making risks
• Use system documentation for consistent cost estimating methods and reduce estimate variability
• Learn how the various levels of specifications impact final cost
• Maximize your ability to produce consistent, reliable estimates

OUTLINE

1. Key Parameters Which Drive Estimating Quantities
2. Area Concepts
3. Line Sizing
4. Volumetric Modeling
5. Testing Hours and Buried Items Calculation
6. Pricing Components Not in the System
7. Source of Pricing
8. Project Layout Definition
9. Process Control and Power Distribution
10. Electrical Single Line Diagrams
11. Creating a Secondary Process Control
12. Communications and Alarms
13. Special Instrument Valves
14. Cross Country Pipe Lines
15. Pipe Fittings Frequency Rule
16. Escalation Indices
17. Code of Accounts and Indexing
18. Location Index
19. Crew Mixes
20. Contracts
21. Customer Indirects File
22. Customer Steel File
23. Decision Analyzer
24. Currency
25. Merging Components and Areas Spreadsheet Import/Export
26. Detailed Unit Rate Estimating
27. Counting Equipment in ACCE
28. Discussion of Reports
29. Exporting ACCE to an Access Database
30. Error Trapping
31. Exporting to SPECS file
32. Modules
33. File Locations

TRAINING METHOD Offline Training: Presentation Discussion Case Study Evaluation   FACILITIES Training Kit Handout Certificate Lunch + 2x Coffee Break Souvenir