ACEIT for Model Builders
This is an introductory course in ACEIT, designed for students that want to build cost estimating models for their projects.
Includes ACE, CO$TAT and POST Tools
Training Formats:
Open Training
Self-Paced
Onsite Training
Description:
This is an introductory course designed for students that want to build cost estimating models for their projects. Students will build an estimate in ACE and learn how other suite tools support estimate construction and reporting.
This course includes recent Inflation/Escalation changes to the software.
- Construct a WBS
- Set estimate schedule
- Build estimate equations
- Enter system quantities
- Create model inputs
- Apply inflation/escalation
- Incorporate a learning curve
- Time phase your estimate
- Enter cost throughputs
- Develop Cost Estimating Relationships (CERs) with CO$TAT
- Incorporate CERs to your estimate
- Build dynamic modeling equations with ACE Functions
- Document your estimate inputs and methods
- Model uncertainty on your point estimate
- Trace the logic of a model
- Create What-if cases in your model
- Create estimate Reports
- Create estimate Charts (including uncertainty charts)
- Create a POST session for your ACE estimate
Successful students should already have a basic knowledge of the cost estimating process and spreadsheet operations. This course focuses on how to use ACEIT and does not teach underlying cost estimating principles.
ACEIT Overview and Course Tools Introduction
- Module 1 - ACE Demonstration
Starting a New Session
- Module 2 – Opening ACE and Building a WBS
Implementing Basic Methodologies
- Module 3 – Basic Methodology Entry
- Module 4 – Types of Inputs
Entering Documentation
- Module 5 – Documentation
Building an Estimate
- Module 6 – Spreading Total Methodologies
- Module 7 – Time Phased Cost Inputs
- Module 8 – Working with Phased Quantities
- Module 9 – Entering Inputs to Use in Equations
- Module 10 – Incorporating Learning Curves
- Module 11 – Entering a CER
Developing CERs and RI$K
- Module 12 – Using CO$TAT to Develop CERs
- Module 13 – Capturing Uncertainty in the Estimate
Model Automation
- Module 14 – Using ACE Functions to Automate Calculations
- Module 15 – Implementing Leads and Lags
- Module 16 – Tracing the Methodology
- Module 17 – Putting It All Together
Working with Estimate Results
- Module 18 – Cases
- Module 19 – ACE Charts
- Module 20 – ACE Reports
- Module 21 – POST
Open Training
- In-person classes taught by ACEIT Certified Instructors.
- Classes are held in the Washington DC area unless otherwise indicated.
- Classes runs for 4 consecutive days (8:30 am – 4:30 pm) on location.
- Hardcopy Training Manual.
- Electronic Starting and Results files.
Self-Paced
- Designed to allow you to learn at your own pace.
- Instructional Videos accessed online through the Media Center.
- Includes up to 4 remote tutoring hours with an ACEIT Certified Instructor.
- Hardcopy Training Manual.
- Electronic Starting and Results Files.
Onsite Training
- In-person classes taught by ACEIT Certified Instructors.
- Economical option for 5 or more students at your organization.
- Classes on 4 consecutive days at your location or virtual available.
- Hardcopy Training Manual.
- Electronic Starting and Results Files.
Upcoming Courses
Interested in tutoring services?
This course can be taught at your location. To request an onsite training quote, submit a request.
Don’t see a class you’re looking for or need additional information?
Contact the ACEIT Training Coordinator
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