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