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Costimator was released in late 1982, [1] designed to model manufacturing costs. In 2002, IBM bought Costimator OEM from MTI Systems, Inc. [2] Many of the products on the market focused on machine shop operations. Costimator had its roots in the machining industry, but later branched out to include several other manufacturing processes.
In 1976 PRICE introduced its Hardware Life-Cycle Cost Model. This was followed in 1977 by a Software Development Cost Model, one of the oldest and most widely used software parametric models for large-scale software development projects. [6] In 1983 the company launched its first application for microcircuit cost modelling. TruePlanning
The most basic element of a cost estimate and therefore the cost database is the estimate line item or work item. [3] An example is "Concrete, 4000 psi (30 MPa)," which is the description of the item. In the cost database, an item is a row or record in a table (of items) and the description is a column or field for that record.
QAD Inc. is a software company that provides enterprise resource planning (ERP) software and related enterprise software to manufacturing companies. The company has customers in over 100 countries around the world.
Infor XA is commercial ERP software used to control the operations of manufacturing companies. Its prior name, MAPICS , is an acronym for M anufacturing, A ccounting and P roduction I nformation C ontrol S ystems.
A cost estimate is the approximation of the cost of a program, project, or operation. The cost estimate is the product of the cost estimating process. The cost estimate has a single total value and may have identifiable component values. A problem with a cost overrun can be avoided with a credible, reliable, and accurate cost estimate. A cost ...
Computer-aided manufacturing; Comparison of CAD software; Comparison of computer-aided design editors; G-code; List of 3D modeling software; List of 3D computer graphics software; List of 3D printing software; List of BIM software; List of computer-aided engineering software; List of CAx companies
A cost estimator will typically use estimating software to estimate their bid price for a project, which will ultimately become part of a resulting construction contract. Some architects, engineers, construction managers, and others may also use cost estimating software to prepare cost estimates for purposes other than bidding such as budgeting ...
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