6/24/2014 Training Course Data Sheet
TRAINING COURSE DATA SHEET
Introduction to Aspen Capital Cost Estimator
Course Number: EEE1011 Duration: 4 days CEUs Awarded: 2.8 Level: Introductory
Course Overview
· Learn to create and build detailed project estimates using Aspen Capital Cost Estimator
· Learn how to use the Aspen Capital Cost Estimator system more effectively, tailoring it to specific project estimates
Course 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 potential decision making risks
· Use system documentation to promote consistent cost estimating methodologies and reduce estimation variability
· Learn how the various specifications levels input impact final cost
· Maximize your ability to produce consistent, reliable estimates and reduce the risk involved in making decisions
Who Should Attend
· Project engineers, cost estimators, and discipline engineers new to Aspen Capital Cost Estimator
Approach
· Instruction on basic topics
· Discussion about the general approach to building a project/estimate and the key elements for successful usage
· Participate in instructor-guided demonstrations which show how the product features contribute to efficient estimate
preparation
· Hands-on workshops provide students with many opportunities to use the product and to apply concepts learned in
seminar sessions
· Detailed course notes
Prerequisites
· No prerequisite courses
Additional Courses
· EEE102 Introduction to Aspen Process Economic Analyzer
· EEE103 Introduction to Aspen In-Plant Cost Estimator
EEE1011: Introduction to Aspen Capital Cost Estimator Course Agenda
Aspen Economic Evaluation Technology
· Summarize the Aspen Economic Evaluation products and technology
· Introduce the Aspen Capital Cost Estimator (ACCE) concepts
Definition of the Project Scope
· Discuss how project specification and project components are used to define the project scope
· Review the levels of input in Aspen Capital Cost Estimator
Graphical User Interface (GUI)
· Familiarization with the Aspen Capital Cost Estimator graphical user interface (GUI)
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6/24/2014 Training Course Data Sheet
Project Basis View
· Implement project basis and scope specifications via Standard Basis Files and Template File
· Workshop 1: Entering Project Basis Information
Project Components
· Discuss how the Aspen Capital Cost Estimator system develops construction labor man-hours
· Introduction to specifying process equipment
· Review and understand how Aspen Capital Cost Estimator generates equipment costs and designs
· Understand how to generate cost and design reports using the Aspen Icarus reporting feature
· Workshop 2: Multiple Diameter Tower Alloy Study
· Workshop 3: Equipment List
Area Arrangement &Importing
· Learn how to use Areas and Report Groups to customize project scope and definition
· Workshop 4: Area Arrangement & Importing
Quoted Equipment & Material/ Man-hour Additions
· Understand how to define quoted equipment, material, and labor costs within an Aspen Capital Cost Estimator project
· Workshop 5: Quoted Equipment & Material Man-hour Additions
Equipment Model and Unit Cost Libraries
· Introduce Cost Libraries (Unit Cost and Equipment Model) as options for user specification of project-related costs
· Workshop 6: Equipment Model Library
Custom Models
· Briefly discuss Custom Models, which enable user customization of project components and bulks
Material and Man-hour Indexing
· Discuss Code of Account Indexing and Allocation
· Workshop 7: Modify Pipe Rack Costs Using COA Indexing
Plant Bulk Piping and COA Allocation
· Add plant bulk items such as bulk piping, pipe racks, and site lighting/wiring
· Workshop 8: Adjust Utility Pipe Cost Reporting Using COA Allocation
Buildings and Site Development
· Define buildings and site development items within a project estimate
· Workshop 9: Plant Bulk s, Buildings, and Site Development
Customer External Files
· Discover how to overwrite and supplement various project design rules and options using Customer External Files
Piping Procedures
· Differentiate between field and shop piping fabrication procedures in Aspen Capital Cost Estimator
· Define and implement custom piping specifications
· Workshop 10: Custom Piping Specifications
Volumetric Model and P&IDs
· Understand the built-in ACCE volumetric model and equipment P&IDs and how they affect equipment costs and labor
requirements
· Workshop 11: Revising and Modifying Installation Bulk s
Installation Options
· Learn how to modify installation details and options for process equipment models
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6/24/2014 Training Course Data Sheet
· Workshop 12:: Installation Options
Plant Layout and Key Distances
· Discuss how ACCE interprets key distances within a process facility and how these affect a project estimate
Process Control and Power Distribution Networks
· Show setup requirements for power distribution and process control options and methodology using ACCE
· Workshop 13: Defining a Process Control Network
· Workshop 14: Defining a Power Distribution Network .
· Incorporate acquired skills into a cumulative, detailed project estimate
· Workshop 15: Build a Plant
Contracts
· Investigate contract/contractor structure options and how they apply to ACCE projects
· Workshop 16: Defining a Contract Structure
Engineering
· Review how the system generates project engineering costs and learn how to adjust them towards specific projects
· Workshop 17:: Engineering
Construction Equipment Rental
· Discuss construction equipment rental and learn how to modify rental equipment for your project
Project Schedule
· View system-generated project schedules and learn which program options affect the schedule
· Workshop 18: Project Schedule and Equipment Rental
Spreadsheet Export / Import
· Discussion of spreadsheet import/export, which enables sharing of data with third-party applications
· Discuss project standards, enabling consistency and reliability among estimates
Aspen Technology, Inc. awards Continuing Education Units (CEUs) for training classes conducted by our organization. One
CEU is granted for every 10 hours of class participation.
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