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Tony Colburn

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Does Your Project History Walk Out the Door?

Posted by Tony Colburn on Jul 18, 2017 10:29:00 AM

 

Perspectives from the AACE International Conference 2017 in Orlando

Every year, interest in capturing project cost history grows among the attendees at the annual AACE International conference. This year was no different.

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Topics: Cost Estimator, benchmarking, AACEI, Project History, Sage Estimating, Sage Timberline, Cost Estimating Solution, Cost Estimating, Eos Group, Estimating Software, AACE International, AACE, Cortex Project History, Conceptual Estimating, Trend Analysis, Cortex

When Estimating Worlds Collide… In a Good Way

Posted by Tony Colburn on Apr 25, 2017 11:17:47 AM

The owner develops an estimate. The engineer develops an estimate. While both are right, they’re rarely close and often worlds apart.

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Topics: Cost Engineering, Cost Estimator, Eos High Voltage Knowledgebase, Sage Estimating, Sage Timberline, Eos Group, Estimating, High Voltage Knowledgebase, EPC, Cost Engineer

Benchmarks for Spaceships

Posted by Tony Colburn on Jun 21, 2016 11:30:00 AM

Aerospace contractors, private spaceflight companies, and NASA all maintain libraries of history and benchmarks for their spacecraft and equipment. They use this data to justify and validate current project costs or compare past projects (or elements within projects). However, with the exponential technology advancement curve they undoubtedly operate under, I can imagine how hard it is to keep this data current, much less collect and calibrate the volume of data necessary to achieve a meaningful analysis.

Without a doubt, this is true for engineering, architectural, and contracting firms building Spaceship Apple, the technology giant’s new corporate headquarters targeted for completion at the end 2016.

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Topics: Cost Estimator, benchmarking, Project History, Eos Group

Creating Class 2 Estimates

Posted by Tony Colburn on Jun 14, 2016 10:30:00 AM

 

Class 2 Estimates Using Your Project History, Total Cost Management, and Cleopatra Enterprise

This is the fourth and final post in a series demonstrating how Cleopatra Enterprise facilitates creating estimates of different levels of accuracy as defined by AACE International's classification supporting its Total Cost Management (TCM) framework.

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Topics: Cost Estimator, Cleopatra Enterprise, AACEI, Cleopatra Total Cost Management, Project History, Cost Estimating Solution, Cost Estimating, Eos Group, Estimating Software, Total Cost Management, TCM, AACE International, AACE

Creating Class 3 Estimates

Posted by Tony Colburn on May 3, 2016 11:45:37 AM



Create Class 3 Estimates Using Your Project History, Total Cost Management, and Cleopatra Enterprise

This is the third post in a series demonstrating how Cleopatra Enterprise facilitates creating estimates of different levels of accuracy as defined by AACE International's classification supporting its Total Cost Management (TCM) framework. 

A Class 5 or rough order of magnitude estimate rough order of magnitude estimate was prepared to assist management in determining project feasibility and a Go/No-go decision.  

A Class 4 or screening estimate or screening estimate led to a contract and the project has started. Estimators are now preparing more detailed estimates for self-perform and/or contractor estimate validation. The data you use needs to support specific quantification that relates directly to the equipment or objects (like buildings, sites, etc.) required for the project. All disciplines related to the equipment or object need to be accounted for and assemblies of detailed items can be leveraged to prepare the estimate. 

In this example, we will prepare a Class 3 estimate for a distillate plant using an approach supported by a more detailed knowledgebase with predefined data and tools. Future blog posts in the series will evolve the estimate as more engineering becomes available.

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Topics: Cost Estimator, Cleopatra Enterprise, Cleopatra Total Cost Management, Project History, Cost Estimating Solution, Cost Estimating, Eos Group, Estimating Software, Total Cost Management

Creating Class 4 Estimates

Posted by Tony Colburn on Mar 22, 2016 12:03:25 PM


Webinar Registration

Create Class 4 Estimates Using Your Project History, Total Cost Management, and Cleopatra Enterprise

This is the second post in a series demonstrating how Cleopatra Enterprise facilitates creating estimates of different levels of accuracy as defined by AACE International's classification supporting its Total Cost Management (TCM) framework.

A Class 5 or screening estimate has been prepared and approved, and now  you want to study the project further. Ideally you have cost data to support estimating with equipment-based factored and parametric cost models to achieve an estimate in the 40% accuracy range.

In this example, we will prepare a Class 4 estimate for the column in a distillate plant using an approach supported by a knowledgebase with predefined data and tools. Future blog posts in the series will evolve the estimate as more engineering becomes available.

 

We will be in Toronto at the Annual AACEI Meeting on June 26-29. Be sure to stop by and visit our booth to lear more about our TCM solution! 

To learn more about Cleopatra, please join us for a special webinar introduction, March 25th at 9:00am CST.

 

 

 

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Topics: Cost Estimator, Cleopatra Enterprise, Cleopatra Total Cost Management, Project History, Cost Estimating Solution, Cost Estimating, Eos Group, Estimating Software, Total Cost Management, Class 4 Estimates

Creating Class 5 Estimates

Posted by Tony Colburn on Mar 10, 2016 9:00:00 AM

Create Class 5 Estimates Using Your Project History, Total Cost Management, and Cleopatra Enterprise

This is the first post in a series that demonstrates how Cleopatra Enterprise facilitates creating estimates of different accuracy levels as defined by AACE International's classification supporting its Total Cost Management (TCM) framework.

For this case, we will prepare a Class 5 estimate for a distillate plant. To read the full example, please click below.

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Topics: Cost Estimator, Cleopatra Enterprise, Cleopatra Total Cost Management, Project History, Cost Estimating Solution, Cost Estimating, Eos Group, Estimating Software, Total Cost Management

Cleopatra–Regression Analysis

Posted by Tony Colburn on Jul 21, 2015 10:52:22 AM

I want to follow up on Nick's blog post. This year's AACEI conference was a great success for both the AACEI and Eos Group. The most interesting aspect of the conference was the opportunity to connect with the community of cost estimators and engineers under one roof. We were also pleased with our new relationship with Cost Engineering Consultancy and Eos Group's North American representation of their Cleopatra Enterprise solutions.

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Topics: Cost Engineering, Cleopatra Enterprise, Cost Engineering Consultancy, AACEI, Cleopatra Total Cost Management, Primavera Ingetrator, regression analyss, Eos Primavera

Welcome Chris Gerlach!

Posted by Tony Colburn on Jun 16, 2015 9:30:00 AM

Welcome Chris Gerlach to Eos Group's Professional Services Team.

We are pleased to welcome Chris Gerlach as a consultant on Eos Group's professional services team. Chris will focus on Cleopatra Enterprise implementations. He will also be responsible for developing and maintaining our commercial databases and knowledgebases that are available in Cleopatra format.

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Powerful Comparisons without Microsoft Excel

Posted by Tony Colburn on Apr 7, 2015 9:52:00 AM

It’s scary to think about the time invested in creating comparative studies with Microsoft Excel. It is difficult to standardize estimate source data (i.e., uniform cost structure and units of measure) using the necessary Excel processes and formulas every time you need a comparison report.

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