Includes ACE, CO$TAT and POST Tools

COURSE LENGTH: 4 Days (8:30am - 4:30pm)

Description: This is an introductory course in ACEIT 8.2, designed for students that want to build cost estimating models for their projects. Students will receive hands on experience building an estimate in ACE and learn how the other tools in the suite support estimate construction and reporting. This course was updated for the Inflation/Escalation changes to the software.

You'll learn how to:

Prerequisites: 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 for Model BuildersCourse Outline:
Setting Up the Estimate Structure
Module 1 – ACE Introduction
Module 2 – Opening ACE and Building a WBS

Basic Methodology Implementation
Module 3 – Basic Methodology Entry
Module 4 – Types of Inputs

Entering Documentation
Module 5 – Documentation

Phasing Cost Over Years/Months
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

Using and Developing Cost Estimating Relationships
Module 11 – Entering a CER
Module 12 – Using CO$TAT to Develop CERs

Intro to Modeling Uncertainty
Module 13 – Capturing Uncertainty in the Estimate

Automating the Model
Module 14 – Using ACE Functions to Automate Calculations
Module 15 – Implementing Leads and Lags

Model Revision and Debugging
Module 16 – Tracing the Methodology
Module 17 – Putting It All Together

Creating What-If Cases, Charts, and Reports (ACE and POST)
Module 18 – Cases
Module 19 – ACE Charts
Module 20 – ACE Reports
Module 21 – POST