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."
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Integrated Product Support Elements Addressed
Disclaimer
This tool was identified as part of a product support analytical tools database provided solely to assist defense acquisition workforce professionals to identify best value product support solutions which optimize system readiness and life cycle cost. Neither the Department of Defense or the Defense Acquisition University provide any warranty of these tools whatsoever, whether express, implied, or statutory, including, but not limited to, any warranty of merchantability or fitness for a particular purpose or any warranty that the contents of the item will be error-free. This analytical tools database should under no circumstances be considered as being all-encompassing, and is in no-wise meant to endorse the capabilities or products of any particular individual, company, or organization.
