Includes ACE and POST

Course Length: 2 Day (8:30am – 4:30 pm)

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 course is designed for those in a position to review estimates. It focuses on techniques for reviewing and understanding equations/functions, documentation, time phasing methods, uncertainty specifications, what-if cases, and outputs in an existing ACE model. Each section explores a different topic or set of related topics using examples, instructor exercises and student exercises.

Topics covered:

·        Reviewing an Estimate

o   Automated Cost Estimator (ACE) Overview

o   Becoming familiar with an Existing ACE Model

o   Viewing Model Documentation and Reports

o   Understanding Time Phasing Methods

o   Equations and Time Period (T) Functions

o   Reviewing the Model’s Uncertainty Assumptions and Results

o   Reviewing What-if Cases

o   ACE and POST Outputs