Level: Basic
Venue: 2024 AACE International Conference & Expo
Abstract: This presentation serves as a foundational introduction for newcomers to the cost engineering field, guiding them towards professional certification. This includes individuals transferring from another profession with no previous cost engineering training. It explores the essentials of cost engineering, introduces the Total Cost Management (TCM) process, and explains the Total Cost Management Framework. The presentation focuses on how these elements are integral to the effective management of the total life cycle costs of strategic assets, from their initiation to decommissioning. This introduction aims to equip readers with a basic understanding of the critical role that proficient cost engineering plays in asset lifecycle management, its interactions with other stakeholders, and the primary outcomes expected from these engagements. Furthermore, it seeks to clarify the reader's role within the overall cost engineering process, providing a solid groundwork for further education and professional advancement in this domain.
It is recommended that DEV-4322 Introduction to AACE also be watched in conjunction with this presentation.
Venue: 2024 AACE International Conference & Expo
Abstract: This presentation serves as a foundational introduction for newcomers to the cost engineering field, guiding them towards professional certification. This includes individuals transferring from another profession with no previous cost engineering training. It explores the essentials of cost engineering, introduces the Total Cost Management (TCM) process, and explains the Total Cost Management Framework. The presentation focuses on how these elements are integral to the effective management of the total life cycle costs of strategic assets, from their initiation to decommissioning. This introduction aims to equip readers with a basic understanding of the critical role that proficient cost engineering plays in asset lifecycle management, its interactions with other stakeholders, and the primary outcomes expected from these engagements. Furthermore, it seeks to clarify the reader's role within the overall cost engineering process, providing a solid groundwork for further education and professional advancement in this domain.
It is recommended that DEV-4322 Introduction to AACE also be watched in conjunction with this presentation.