Includes ACE, CO$TAT and POST Tools
COURSE LENGTH: 4 Days (8:30am - 4:30pm)
PREREQUISITES: Students must have basic knowledge of algebra, spreadsheet operations, and the cost estimating process and underlying principles (e.g., WBS, learning curves, inflation indices, estimating methodologies, project planning/financial management).
OBJECTIVE: This is an introductory course to help you build estimates using the ACEIT software. You will become familiar with the tools in the software suite and explore the electronic interaction between them. You will understand the structure of ACE and how it standardizes cost estimating modeling, what if analysis, and reporting. In addition, you will learn the syntax of ACE equations, and how ACE imports from CO$TAT and other tools. At the completion of the course you will be able to construct a WBS; develop a simple cost model estimate; apply inflation, learning and time-phasing methods; create reports in ACE; and generate reports in POST.
ACEIT 101 Course Outline:
Day One
Setting Up an Estimate Structure
* Opening ACE and Building a WBS
Basic Methodology Implementation
* Entering Input Variables
* Entering Phased Data
* Entering an Equation
* Phasing Data/Cost Over Time
* Entering Time-Phased Dollar Throughputs
Day Two
Building an Estimate
* Spreading Totals with Time Phasing Methods
* Incorporating Learning Curves
* Implementing Shared Learning
* Bounding Equations to Calculate over Time
Entering Documentation
* Documenting the Estimate
Model Revision and Debugging
* Revising Models and Debugging
Day Three
1st Level Model Automation
* Syntax of ACE Equations
* Using Functions to Automate Estimates
Using and Developing CERs
* Entering a CER
* Using the CER Library
* Using CO$TAT to develop CERs
* Incorporating Cost Adjustments
Day Four
Working with Estimate Results: Creating Estimate Excursions, Running Reports and Applying Cost Risk
* Conducting Excursions
* Creating Reports
* Introduction to POST Excel
* Applying Risk to an Estimate |
