ACE is the estimating portion and heart of the ACEIT application suite. ACE is a model building tool consisting of a structured format for analysts to quickly structure their cost estimate and a calculation engine to quickly process the information. A predictive cost modeling tool, to prepare Life Cycle Cost Estimates for Weapon Systems. The ACEIT Model can respond to “what-if” excursions, estimating future costs based on a given scenario. This is government-developed software.
ACEIT is an automated framework for cost estimating and other analysis tasks. This tool is used to standardize and simplify LCC estimating. ACEIT is a generic, flexible, Windows-based system which consists of several software tools for the cost estimating community. Core features include a database to store technical and normalized cost data, statistical package to facilitate cost estimating relationship development and a spreadsheet that promotes structured model development. It also has built-in inflation, learning, time phasing, sensitivity, risk and other analysis capabilities.
According to their website, ACEIT (Automated Cost Estimating Integrated Tools) "is a family of applications that support program managers and cost/financial analysts during all phases of a program's life-cycle. ACEIT applications are (a) tool for analyzing, developing, sharing, and reporting cost estimates, providing a framework to automate key analysis tasks and simplify/standardize the estimating process."
Integrated Product Support Elements Addressed
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