PERCEPTION® ESTI-MATE™ Cost Estimating The following outlines a basic 16-hour training program for new users. I. Overview – 3 hours· Primary cost estimating functions · Menu bar selections · Tool bar selections · General system operations
II. Setting Up the Cost Estimating Database – 3 hours· Defining and filling out company specific parameters for various tables · Setting up library cost estimating relationships (CERs) · Setting up parametric equations · Setting up standard packages · The PERCEPTION Standard Parts Catalog · Cost escalation tables
III. Creating A Cost Estimate – 3 hours· Setting up contracts, projects, and work breakdown structures (WBS) · Setting up project rate tables · Defining detail cost items · Using library CERs · Using parametric equations · Using standard packages · Using Standard Parts Catalog
IV. Modifying the Estimate – 1 hour· Applying learning curves · Applying cost adjustments · Using cost escalation table · Trade-off studies · Refreshing CER calculations · Cost estimate roll-ups to WBS
V. Cost Risk Analysis – ½ hour· Methods for measuring cost risk · Monte Carlo risk analysis
VI. Reports – 1 hour· Summary WBS reports · Detail cost item reports · WBS drill down features
VII. Importing & Exporting – ½ hour· Importing & exporting data to various other programs and databases · Copy & paste · CAD systems interfaces & integration · Integration with PERCEPTION labor and material management modules
VIII. Introduction To Return Cost Module – 1 hour· Primary return cost module features and benefits · Defining project work order budgets, schedules and pallet requirements
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