- Authorized Computer
- A desktop or laptop computer that has been issued a token (permission code) that enables it to open Ironworks. The number of computers that can be authorized with a token is set when a subscription to Ironworks is ordered.
- Cost Breakdown Structure (CBS)
- An outline of costs.
- Ironworks’ copyrighted CBS decomposes machine employment cost into segments (Overhead, Custody, Operation) and then subdivides each segment into elements to enable granular cost estimates.
- Ironworks’ CBS organizes all Machine Employment Estimates.
- Cost Factor
- A variable value used to calculate an element of the CBS; e.g., fuel consumption per hour.
- Cost Recovery Method
- An accounting device used to recover the cost of machine employment. Two are available in Ironworks:
- If the “Charge Rate” option is elected, both a total cost AND a Charge Rate is calculated in the respective MECE using the Cost Factor Values and Settings specified. Charge rates are used in practice 1) in bidding systems as part of the job cost estimating process; 2) in accounting systems as part of the job cost accounting process; 3) in accounting systems as part of the equipment cost accounting process; 4) in accounting systems as part of the A/R accounting process.
- If the “Non-pay Equipment” option is elected, ONLY a total cost is calculated and that cost is automatically included in the Non-Pay Equipment cost estimate component of the Overhead Cost Estimate. NPE employment costs are thus recovered along with all other overhead costs and expenses through overhead allocations to individual machines that “burden” or increase that machine’s cost and its charge rate.
- An accounting device used to recover the cost of machine employment. Two are available in Ironworks:
- Custody
- The state of control of a machine. Three types are possible in Ironworks: rented, leased, owned. See Custody Type.
- Custody Period
- The time period defined by a machine’s custody start and end dates specified in the Custody Plans sheet.
- Custody Plan
- A model of the nature of a machine’s planned custody consisting of a custody period, a custody type, and forecast employment for the custody period.
- Custody Type
- The nature of the state of control of a machine. Three types are available in Ironworks for every Machine Record: rented, leased, owned.
- Custody Type election in the Custody Plans sheet drives machine employment cost calculations based on CBS Component Cost Applicability specified in the Estimate Setup sheet.
- For example, if preventive maintenance is made to be applicable to an owned machine but not a rented machine, changing a Machine Record’s custody type from owned to rented will reduce the cost of preventive maintenance to ZERO for that Machine Record.
- Fleet Employment Cost Estimate (or “Estimate”)
- The set of cost calculation rules, forecast overhead costs, forecast wages for maintenance labor, forecast fuel prices, individual Machine Records and their associated custody plans and forecast employment cost factor values that model the employment of an equipment fleet and forecast its employment cost for a specified period of time.
- An “Estimate” can involve any number of individual machine employment cost estimates.
- Forecast Employment for the Rate Period (FERP)
- The total quantity of employment forecast to occur within the Rate Period for an individual Machine Record.
- Global Datapoints Warehouse
- The cloud repository of de-identified datapoints extracted from Local Datapoints Databases produced by all Ironworks’ users.
- Ironworks ECM.exe
- The Ironworks application file.
- Knowledge Base
- The collection of documentation about the operation and use of Ironworks that is available on the support.ironworksecm.com website’s Support page
- Library
- The Excel file stored in the Shared Files Folder that contains lists of valid machine property values used to define the nature of a machine as specified in the Equipment List sheet.
- Local Datapoints Database
- A set of Excel tables containing the datapoints associated with a fleet employment cost estimate.
- Machine
- A piece of equipment represented in the Equipment List by its Equipment Number.
- Machine Properties
- Those attributes of a machine documented in the Equipment List for modeling/estimating purposes.
- Machine Employment Cost Estimate (MECE)
- The forecast of the monthly cost of a machine’s employment during the Rate Period.
- Machine Record
- The set of machine property, custody period, forecast employment, and employment cost factor values that define one employment case for one specific machine.
- Rate Period
- The period of time between the rate period’s start and end date as specified in the Estimate Setup sheet.
- Resource Requirements
- The quantity of those resources forecast to be required to employ one or more machines. Ironworks calculates in each MECE a monthly, annual, and Rate Period total for maintenance labor and fuel resources.
- Scheduled Cost Items
- Those items of cost whose value can be specified by the month in the Estimate Setup sheet including various maintenance personnel wage rates, and fuel prices.
- Shared Files Folder
- The folder containing system files that in a multi-user environment can be shared by all if located on a drive accessible to all users.
- Subscription
- The annual agreement to purchase one or more licenses to use Ironworks on an authorized computer.
- System ID
- The code identifying the computer hosting Ironworks.
- Sheets
- Short for worksheet in an Excel workbook.
- Tabs
- The visual device at the bottom of an Excel workbook that represents a worksheet.
- Workbook
- A workbook is a spreadsheet program file that you create in Excel. A workbook contains one or more worksheets. The Ironworks ECM application file is a VBA-heavy, fully compiled Excel workbook.
- Worksheet
- A worksheet (also known as a spreadsheet or sheet) consists of cells in which you can enter and calculate data. The cells are organized into columns and rows. A worksheet is always stored in a workbook. There are multiple sheets in the Ironworks ECM application.
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