Minimize Bidding and Estimating Risk by following Estimating Best Practices

A systematic model-based estimating process that produces consistent and fast estimates. In this course you will identify and develop best practices for the engineering and procurement strategy with the goal of optimizing the project cost while keeping the project on schedule.

Note: If you are interested in this training class you need to attend Optimize 2019 and select All Access Pass
To register please go to: https://www.optimize2019.com/events/optimize-2019/registration-bea4532088f6457b866d27d8a345765f.aspx?fqp=true 

Audience:

  • Estimators and managers currently using Aspen Capital Cost Estimator that would like to learn how to leverage estimating best practices and principles

Training Details

  • Course Id:

    EEE150

  • Duration:

    1 day(s)

  • CEUs Awarded:

    0.7

  • Level:

    Introductory

Benefits

  • Gain the practical skills and knowledge to begin modeling new and existing processes
  • Learn some practical techniques for building and troubleshooting flowsheet simulations
  • Reduce process design time by testing various plant configurations
  • Determine optimal process conditions to improve current processes

Approach

  • Clear guidance on fundamental topics
  • Industry workflows
  • Hands-on workshops
  • Experienced instructor-guided demonstrations
  • Q&A on student-specific problem

Pre-requisites

  • Cost estimating experience recommended but not required.

Subsequent Courses

  • EEE101: Introduction to Aspen Capital Cost Estimator
  • EEE201: Aspen Capital Cost Estimator: Advanced Topics

Agenda


Build a Modular Project in ACCE. 
  • Improve and accelerate the decision-making process for evaluating the construction methodology for a project     
  • Workshop: Develop Quick Comparisons between Stick Built and Modular Construction
    • Evaluate a project with a contactor structure for a field-based project.
    • Create Module and Module Hook-up Areas
    • Allocate the module construction items and responsibilities to the module contractor
    • Create Project Scope and Evaluate the Module Project for Comparison with the Stick Built Project
 
Risk Analysis
  • Introduction to Risk Analysis feature in ACCE.
  • Highlight the high-risk areas in your project through a probabilistic analysis and mitigate uncertainties
  • Workshop: Run Risk Analysis.
    • Calibrate and evaluate the impact in the project RA
    • Modify Unit Rate Estimation and evaluate impact in the project RA.

Register for a Class

Date Class Type Location Price Language

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.