SmartPlant Materials

PRISM® Project Estimator

PRISM Project Estimator is multi-project, multi-user, concurrent access database system for developing and maintaining project cost estimates. It is designed to support a structured "building-block" methodology for developing project cost estimates. This approach maximizes consistency of estimate information while minimizing repetitive data entry. The system uses a Work Breakdown Structure (WBS) coding system as the key to organizing estimate data. This structure is identical to the structure found in PRISM Project Manager and allows a seamless interface between the detailed cost estimate developed with PRISM Project Estimator and the budget, actual, and forecast data contained in PRISM Project Manager.

The "Building Block" Structure of PRISM Project Estimator has many advantages:

Estimates can be developed rapidly, since the basic units (the building blocks) are already defined and in place. With predefined work element cost models and assemblies the estimator simply applies a quantity takeoff to the cost model or assembly code and the complete detailed estimate is calculated.
Estimates can be quickly modified, because a change to a single component (such as a craft rate or a material unit price) is automatically reflected throughout the entire estimate.
The Work Element database from a completed estimate can be used as the Master Database for a new estimate.
Global factors may be applied to any one of the databases or to the calculated line-item estimate to reflect local or site-specific conditions.
Estimates may be entered directly, bypassing the cost model database allowing both top-down or bottom-up estimating
Powerful Import/Export routines allow single-source data entry and complete data integrity. Import cost data, descriptions or quantities from spreadsheets, databases or ASCII files.
Powerful Report Writer allows generation of detail or summary reports at any level of the user-defined coding structure.
Unlimited user-defined cost elements make PRISM Project Estimator suitable for any type of project in virtually any industry.
Compatible with all popular digitizers for direct entry of quantity take-offs.

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