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Aspen Kbase(TM) - MA1240  
Course ID: MA1240
Course Name: Aspen Kbase(TM)
Course Category: Management and Administration
Course Subject: Economic Evaluation and Cost Estimation of an EPC Project
Duration: 24 hours
Agenda:
Objectives:

• To learn the basic concepts required to develop an engineering, procurement and construction (EPC) estimate using Aspen Kbase

Course Benefits:

• Maximize your company’s return on investment (ROI) and reduce the risk involved in making decisions
• Obtain detailed EPC estimate from minimal input in a fraction of the time required by traditional methods
• Reduce estimation variability by adopting a consistent methodology

Who Should Attend?

• Project Engineers, Estimators, and Discipline Engineers new to Aspen Kbase


Approach:

• Instruction on basic topics
• Discussion about the general approach and the key elements for successful simulations
• Observe how the product features contribute to efficient estimate preparation through instructor-guided demonstrations
• Hands-on workshops provide students with many opportunities to use the product and to apply concepts learned in seminar sessions
• Materials updated for Aspen Kbase

Content:

Day 1

• Overview of Aspen ICARUS design, estimating, and scheduling technology
• Introduction to Aspen Kbase concepts
• Prepare and use a new basis
• Specify Process Equipment
• Enter specifications from an equipment list


Day 2

• Define, arrange, and import areas
• Include proprietary equipment in a Project Estimate
• Specify major plant bulk components
• Adjust system-developed material costs using the indexing feature
• Specify utility piping and stations early in the project
• Specify a Control Building
• Define components from a plot plan


Day 3

• Define a Process Control system
• Define a Power Distribution system
• Use custom pipe specifications to define piping
• Revise installation on process equipment
• Use the Installation Option feature to include spares and demolition in a project


Day 4

• Define a Contract Structure
• Assign scope of work to defined contractors
• Define Engineering
• Utilize the project schedule and equipment rental features
• Include unique unit costs in an estimate
• Develop and utilize unique equipment models
• Review project trending reports
Requisite: Familiarity with oil and gas industries and EPC basis Projects
Instructors:
No Instructor

If you think that you are eligible for instructing this training course you may simply register yourself as a candidate for instructing of this course.
Instructor Admission
Ask Technical Question from Instructors
Scheduled Events: Not Scheduled
Related Jobs:

Related Jobs
Ref No. 6000197 View Job
 Planning & Cost Engineer
Cost Estimation and Planning 		Canada Ontario Full time Posted: 2008-11-20

Expir:

Start: Urgent 		Petroex
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