Creating and Interpreting Project Cost Estimates for Small Capital Projects

Learn how to develop in-plant design, estimate and schedule using Aspen In-Plant Cost Estimator. Reduce estimation variability by adopting a consistent methodology.

Audience:

Project Managers and Engineers, Plant Engineers, Plant Estimating Managers, Plant Estimators, Engineering Managers new to Aspen In-Plant Cost Estimator

Training Details

  • Course Id:

    EEE103

  • Duration:

    3 day(s)

  • CEUs Awarded:

    2.1

  • Level:

    Introductory

Benefits

  • Learn how to use Aspen In-Plant Cost Estimator to evaluate your company's projects
  • Maximize your company's return on investment (ROI) and reduce the risk involved in making decisions
  • Compose specific outline scope definitions for Aspen In-Plant Cost Estimator projects
  • Obtain in-plant designs and estimates from minimal input in a fraction of the time required by traditional methods
  • Reduce estimation variability by adopting a consistent methodology
  • Increase costing accuracy by generating detailed reports for analysis, traceable to line items, not lump sums of money
  • Make adjustments to project estimates according to local area conditions
  • Use system documentation to improve estimate consistency and reliability

Approach

  • Instruction on basic topics
  • Discussion about the general approach and the key elements for successful simulations
  • Instructor-guided demonstrations of features
  • Hands-on workshops that apply learned concepts
  • Detailed course notes

Subsequent Courses

  • EEE101¬†Introduction to Aspen Capital Cost Estimator
  • EEE102¬†Introduction to Aspen Process Economic Analyzer

Agenda

Introduction
  • Overview of Aspen Economic Evaluation products and technology
  • Introduction to Aspen In-Plant Cost Estimator concepts

Graphical User Interface (GUI)
  • Overview of the Aspen In-Plant Cost Estimator graphical user interface (GUI)

Project Basis View
  • Implement project basis and scope specifications via Standard Basis Files and Template File
  • Workshop 1: Project Basis View.

Adding Project Components
  • Discuss how the In-Plant Cost Estimator system develops construction labor man-hours
  • Introduction to specifying process equipment
  • Review how In-Plant cost estimator designs and costs process equipment
  • Workshop 2: Multiple Diameter Tower Alloy Study
  • Workshop 3: Equipment List

Heat Exchanger Sizing
  • Use the Heat Exchanger Sizing Expert to generate preliminary heat exchanger designs based on known process conditions
  • Workshop 4: Heat Exchanger Sizing Expert

Custom Piping Specs
  • Define and implement custom piping specifications
  • Workshop 5: Custom Pipe Specification

Installation Bulks
  • Introduce and define installation bulks for process equipment items
  • Add plant bulk items such as bulk piping, pipe racks, and site lighting/wiring
  • Workshop 6: Multiple Diameter Tower Installation Bulks ¬†
  • Workshop 7: Equipment List Installation Bulks

COA Indexing
  • Introduce Aspen Economic Evaluation Codes of Accounts (COAs)
  • Discuss the indexing of COAs as a means for adjusting material and labor costs
  • Workshop 8: Pipe Rack and COA Indexing

Utility and COA Allocations
  • Introduce Utility Piping and Utility Station piping
  • Use Code of Account allocation to define preferred material and labor cost reporting
  • Workshop 9: Utility Piping and COA Allocation

Building and Site Development
  • Define buildings and site development items within a project estimate
  • Workshop 10: Site Development and Control Building

Quoted Equipment and Material / Man hour Additions
  • Learn how to define quoted equipment, material, and labor costs within an Aspen In-Plant Cost Estimator project
  • Workshop 11: Proprietary Extruder

Cost Libraries
  • Introduce Cost Libraries (Unit Cost and Equipment Model) as options for user specification of project-related costs
  • Workshop 12: Unit Cost Libraries
  • Workshop 13: Equipment Model Library

Material Man-hour % Adjustment and Demolition
  • Implement percentage adjustments to equipment material and labor costs, enabling precise modifications to reported costs
  • Define equipment demolition within a project scope
  • Workshop 14: Equipment Demolition

Project Scheduling
  • Review modifications to construction labor settings and productivities and how those affect project scope and costs
  • Discuss construction equipment rental and learn how to modify rental equipment for your project
  • Workshop 15: Equipment Rental and Labor Adjustments

Register for a Class

Date Class Type Location Price Language
Date(s): 07/19/2021 - 07/21/2021 Type: Public Classroom Location: 655 Montgomery St Suite 400
San Francisco , California USA 94111
Price: (USD) 2100.00 Language: English Register
Date(s): 07/19/2021 - 07/21/2021 Type: Public Classroom Location: 1437 South Boulder Suite 300
Tulsa , Oklahoma USA 74119-3643
Price: (USD) 2100.00 Language: English Register
Date(s): 07/19/2021 - 07/21/2021 Type: Public Classroom Location: 701 Market Street, 3st Floor
Philadelphia , Pennsylvania USA 19106
Price: (USD) 2100.00 Language: English Register
Date(s): 07/19/2021 - 07/21/2021 Type: Public Classroom Location: 301 Sovereign Court Suite 204
Saint Louis , Missouri USA 63011
Price: (USD) 2100.00 Language: English Register
Date(s): 07/19/2021 - 07/21/2021 Type: Public Classroom Location: 999 18th Street Suite 300, South Tower
Denver , Colorado USA 80202
Price: (USD) 2100.00 Language: English Register
Date(s): 07/19/2021 - 07/21/2021 Type: Public Classroom Location: 230 W Monroe St, Suite 900
Chicago , Illinois USA 60606
Price: (USD) 2100.00 Language: English Register
Date(s): 07/19/2021 - 07/21/2021 Type: Public Classroom Location: PanArtic Plaza 815 8th Avenue Southwest Suite 300
Calgary , Alberta Canada AB T2P 3P2
Price: (USD) 2100.00 Language: English Register
Date(s): 07/19/2021 - 07/21/2021 Type: Public Classroom Location: Latter Center West Office Bldg 2800 Veterans Blvd. Suite 330
Metairie , Louisiana USA  70002
Price: (USD) 2100.00 Language: English Register
Date(s): 07/19/2021 - 07/21/2021 Type: Public Classroom Location: 3024 Westfork Drive
Baton Rouge , Louisiana USA 70816
Price: (USD) 2100.00 Language: English Register
Date(s): 07/19/2021 - 07/21/2021 Type: Public Classroom Location: 1155 W Pender St Suite 650
Vancouver , British Columbia Canada V6E 2P4
Price: (USD) 2100.00 Language: English Register
Date(s): 07/19/2021 - 07/21/2021 Type: Public Classroom Location: 2500 Citywest Blvd, Suite 1600
Houston , Texas USA 77042
Price: (USD) 2100.00 Language: English Register
Date(s): 07/19/2021 - 07/21/2021 Type: Public Virtual Location: Virtual-Americas Price: (USD) 2100.00 Language: English Register
Date(s): 07/19/2021 - 07/21/2021 Type: Public Classroom Location: 5200 77 Center Drive Suite 200A
Charlotte , North Carolina USA 28217
Price: (USD) 2100.00 Language: English Register
Date(s): 07/19/2021 - 07/21/2021 Type: Public Classroom Location: PCATT/Honolulu Community College, 874 Dillingham Blvd
Honolulu , Hawaii USA 96817
Price: (USD) 2100.00 Language: English Register
Date(s): 07/19/2021 - 07/21/2021 Type: Public Classroom Location: 222 N Sepulveda Blvd
El Segundo , California USA 90245
Price: (USD) 2100.00 Language: English Register
Date(s): 07/19/2021 - 07/21/2021 Type: Public Classroom Location: 660 N Main Ave. Suite 100
San Antonio , Texas USA 78205
Price: (USD) 2100.00 Language: English Register
Date(s): 07/19/2021 - 07/21/2021 Type: Public Classroom Location: 301 Sovereign Court Suite 204
Saint Louis , Missouri USA 63011
Price: (USD) 2100.00 Language: English Register
Date(s): 07/19/2021 - 07/21/2021 Type: Public Classroom Location: 14115 Farmington Road
Livonia , Michigan USA 48154-5457
Price: (USD) 2100.00 Language: English Register
Date(s): 07/19/2021 - 07/21/2021 Type: Public Classroom Location: 220 Athens Way, Suite 150
Nashville , Tennessee USA 37228
Price: (USD) 2100.00 Language: English Register
Date(s): 07/19/2021 - 07/21/2021 Type: Public Classroom Location: 1110 Vermont Ave NW, Ste 700
Washington , District of Columbia USA 20005
Price: (USD) 2100.00 Language: English Register
Date(s): 07/19/2021 - 07/21/2021 Type: Public Classroom Location:
Toronto , Canada
Price: (USD) 2100.00 Language: English Register
Date(s): 07/19/2021 - 07/21/2021 Type: Public Classroom Location: 2400 W. Michigan Avenue Ste 4
Pensacola , Florida USA 32526-220
Price: (USD) 2100.00 Language: English Register
Date(s): 07/19/2021 - 07/21/2021 Type: Public Classroom Location: 350 Tenth Avenue Suite 950
San Diego , California USA 92101-8705
Price: (USD) 2100.00 Language: English Register
Date(s): 07/19/2021 - 07/21/2021 Type: Public Classroom Location: 2200 N Central Avenue, Ste 400
Phoenix , Arizona USA 85004
Price: (USD) 2100.00 Language: English Register
Date(s): 07/19/2021 - 07/21/2021 Type: Public Classroom Location: 1000 Abernathy Rd Northpark Building 400, Suite 194
Atlanta , Georgia USA 30328
Price: (USD) 2100.00 Language: English Register
Date(s): 07/19/2021 - 07/21/2021 Type: Public Classroom Location: Berkshire 2145 Metrocenter Blvd, Suite 150
Orlando , Florida USA 32835
Price: (USD) 2100.00 Language: English Register
Date(s): 07/19/2021 - 07/21/2021 Type: Public Classroom Location: 5 Cherrington Parkway
Pittsburgh , Pennsylvania USA 15108
Price: (USD) 2100.00 Language: English Register
Date(s): 07/19/2021 - 07/21/2021 Type: Public Classroom Location: 7674 W. Lake Mead Blvd. #250
Las Vegas , Nevada USA 89128-6650
Price: (USD) 2100.00 Language: English Register
Date(s): 07/19/2021 - 07/21/2021 Type: Public Classroom Location: 180 Maiden Lane Suite 1102
New York , New York USA  10038
Price: (USD) 2100.00 Language: English Register
Date(s): 07/19/2021 - 07/21/2021 Type: Public Classroom Location: 4185 Bayview Road
Buffalo , New York USA 14219
Price: (USD) 2100.00 Language: English Register
Date(s): 07/19/2021 - 07/21/2021 Type: Public Classroom Location: 6716 Alexander Bell Drive Suite 100
Baltimore , Maryland USA 21046-2189
Price: (USD) 2100.00 Language: English Register
Date(s): 07/6/2021 - 07/8/2021 Type: Public Classroom Location: 655 Montgomery St Suite 400
San Francisco , California USA 94111
Price: (USD) 2100.00 Language: English Register
Date(s): 07/6/2021 - 07/8/2021 Type: Public Classroom Location: 1437 South Boulder Suite 300
Tulsa , Oklahoma USA 74119-3643
Price: (USD) 2100.00 Language: English Register
Date(s): 07/6/2021 - 07/8/2021 Type: Public Classroom Location: 701 Market Street, 3st Floor
Philadelphia , Pennsylvania USA 19106
Price: (USD) 2100.00 Language: English Register
Date(s): 07/6/2021 - 07/8/2021 Type: Public Classroom Location: 301 Sovereign Court Suite 204
Saint Louis , Missouri USA 63011
Price: (USD) 2100.00 Language: English Register
Date(s): 07/6/2021 - 07/8/2021 Type: Public Classroom Location: 999 18th Street Suite 300, South Tower
Denver , Colorado USA 80202
Price: (USD) 2100.00 Language: English Register
Date(s): 07/6/2021 - 07/8/2021 Type: Public Classroom Location: 230 W Monroe St, Suite 900
Chicago , Illinois USA 60606
Price: (USD) 2100.00 Language: English Register
Date(s): 07/6/2021 - 07/8/2021 Type: Public Classroom Location: PanArtic Plaza 815 8th Avenue Southwest Suite 300
Calgary , Alberta Canada AB T2P 3P2
Price: (USD) 2100.00 Language: English Register
Date(s): 07/6/2021 - 07/8/2021 Type: Public Classroom Location: Latter Center West Office Bldg 2800 Veterans Blvd. Suite 330
Metairie , Louisiana USA  70002
Price: (USD) 2100.00 Language: English Register
Date(s): 07/6/2021 - 07/8/2021 Type: Public Classroom Location: 3024 Westfork Drive
Baton Rouge , Louisiana USA 70816
Price: (USD) 2100.00 Language: English Register
Date(s): 07/6/2021 - 07/8/2021 Type: Public Classroom Location: 1155 W Pender St Suite 650
Vancouver , British Columbia Canada V6E 2P4
Price: (USD) 2100.00 Language: English Register
Date(s): 07/6/2021 - 07/8/2021 Type: Public Classroom Location: 2500 Citywest Blvd, Suite 1600
Houston , Texas USA 77042
Price: (USD) 2100.00 Language: English Register
Date(s): 07/6/2021 - 07/8/2021 Type: Public Virtual Location: Virtual-Americas Price: (USD) 2100.00 Language: English Register
Date(s): 07/6/2021 - 07/8/2021 Type: Public Classroom Location: 5200 77 Center Drive Suite 200A
Charlotte , North Carolina USA 28217
Price: (USD) 2100.00 Language: English Register
Date(s): 07/6/2021 - 07/8/2021 Type: Public Classroom Location: PCATT/Honolulu Community College, 874 Dillingham Blvd
Honolulu , Hawaii USA 96817
Price: (USD) 2100.00 Language: English Register
Date(s): 07/6/2021 - 07/8/2021 Type: Public Classroom Location: 222 N Sepulveda Blvd
El Segundo , California USA 90245
Price: (USD) 2100.00 Language: English Register
Date(s): 07/6/2021 - 07/8/2021 Type: Public Classroom Location: 660 N Main Ave. Suite 100
San Antonio , Texas USA 78205
Price: (USD) 2100.00 Language: English Register
Date(s): 07/6/2021 - 07/8/2021 Type: Public Classroom Location: 301 Sovereign Court Suite 204
Saint Louis , Missouri USA 63011
Price: (USD) 2100.00 Language: English Register
Date(s): 07/6/2021 - 07/8/2021 Type: Public Classroom Location: 14115 Farmington Road
Livonia , Michigan USA 48154-5457
Price: (USD) 2100.00 Language: English Register
Date(s): 07/6/2021 - 07/8/2021 Type: Public Classroom Location: 220 Athens Way, Suite 150
Nashville , Tennessee USA 37228
Price: (USD) 2100.00 Language: English Register
Date(s): 07/6/2021 - 07/8/2021 Type: Public Classroom Location: 1110 Vermont Ave NW, Ste 700
Washington , District of Columbia USA 20005
Price: (USD) 2100.00 Language: English Register
Date(s): 07/6/2021 - 07/8/2021 Type: Public Classroom Location:
Toronto , Canada
Price: (USD) 2100.00 Language: English Register
Date(s): 07/6/2021 - 07/8/2021 Type: Public Classroom Location: 2400 W. Michigan Avenue Ste 4
Pensacola , Florida USA 32526-220
Price: (USD) 2100.00 Language: English Register
Date(s): 07/6/2021 - 07/8/2021 Type: Public Classroom Location: 350 Tenth Avenue Suite 950
San Diego , California USA 92101-8705
Price: (USD) 2100.00 Language: English Register
Date(s): 07/6/2021 - 07/8/2021 Type: Public Classroom Location: 2200 N Central Avenue, Ste 400
Phoenix , Arizona USA 85004
Price: (USD) 2100.00 Language: English Register
Date(s): 07/6/2021 - 07/8/2021 Type: Public Classroom Location: 1000 Abernathy Rd Northpark Building 400, Suite 194
Atlanta , Georgia USA 30328
Price: (USD) 2100.00 Language: English Register
Date(s): 07/6/2021 - 07/8/2021 Type: Public Classroom Location: Berkshire 2145 Metrocenter Blvd, Suite 150
Orlando , Florida USA 32835
Price: (USD) 2100.00 Language: English Register
Date(s): 07/6/2021 - 07/8/2021 Type: Public Classroom Location: 5 Cherrington Parkway
Pittsburgh , Pennsylvania USA 15108
Price: (USD) 2100.00 Language: English Register
Date(s): 07/6/2021 - 07/8/2021 Type: Public Classroom Location: 7674 W. Lake Mead Blvd. #250
Las Vegas , Nevada USA 89128-6650
Price: (USD) 2100.00 Language: English Register
Date(s): 07/6/2021 - 07/8/2021 Type: Public Classroom Location: 180 Maiden Lane Suite 1102
New York , New York USA  10038
Price: (USD) 2100.00 Language: English Register
Date(s): 07/6/2021 - 07/8/2021 Type: Public Classroom Location: 4185 Bayview Road
Buffalo , New York USA 14219
Price: (USD) 2100.00 Language: English Register
Date(s): 07/6/2021 - 07/8/2021 Type: Public Classroom Location: 6716 Alexander Bell Drive Suite 100
Baltimore , Maryland USA 21046-2189
Price: (USD) 2100.00 Language: English Register
Date(s): 06/2/2021 - 06/4/2021 Type: Public Virtual Location: Virtual-Americas Price: (USD) 2100.00 Language: English Register
Date(s): 05/24/2021 - 05/26/2021 Type: Public Virtual Location: Virtual-Latin America Price: (USD) 1200.00 Language: Spanish Register
Date(s): 08/30/2021 - 09/1/2021 Type: Public Virtual Location: Virtual-Americas Price: (USD) 2100.00 Language: English Register
Date(s): 10/4/2021 - 10/6/2021 Type: Public Virtual Location: Virtual-Americas Price: (USD) 2100.00 Language: English Register
Date(s): 11/29/2021 - 12/1/2021 Type: Public Virtual Location: Virtual-Americas Price: (USD) 2100.00 Language: English Register

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.