Economic Evaluation 21.0

AspenTech Economic Evaluation is a software solution for building reliable cost estimates and investment cases for process industry projects, from early concept through detailed design. It helps engineering, estimating, and project teams turn process designs into consistent capital and operating cost estimates, then translate those estimates into cash-flow models and decision metrics such as NPV, IRR, and payback. By combining equipment-level models with up-to-date cost data and proven estimating methods, it accelerates decision making while improving transparency and repeatability.

Key capabilities:

• Generate CAPEX and OPEX estimates from process designs and equipment lists, with rapid updates as scope changes
• Import design data from AspenTech process modeling tools to reduce manual handoffs
• Cost major equipment, bulk materials, labor, indirects, and construction, with localization for currencies, wage rates, and regional factors
• Build cash-flow projections and evaluate economics (NPV, IRR, payback), including what-if and sensitivity analyses
• Apply contingencies and allowances, benchmark against historical data, and document the basis of estimate
• Produce detailed, auditable reports and export results to common formats

Who uses it:

• Process engineers, cost estimators, and project managers in chemicals, energy, refining, and related sectors
• Owner-operators and EPC firms seeking faster, more consistent estimating and clearer investment decisions

Benefits:

• Shorter estimating cycles and fewer manual errors
• Greater consistency and traceability across project phases
• Better-informed project selection and risk management

Economic Evaluation is developed by AspenTech and is used by 26 users of Software Informer. The most popular versions of this product among our users are: 16.1, 17.0, 18.1, 19.1 and 21.0. The names of program executable files are Aspen Process Economic Analyzer.exe, ICARUSKB.exe.