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Level: Intermediate
TCM Section(s):
7.3. Cost Estimating and Budgeting
10.3. Change Management
Venue: 2021 AACE International Conference & Expo
Abstract: All projects experience change throughout their lifecycle in some form or another. This paper will examine: the factors associated with project changes which can affect both the accuracy and precision of the associated costs of the change, and the estimated forecasts for total project costs at completion, the best practices for change management to achieve successful cost control, and the cost estimator’s role in the change management process.
This paper will also provide recommendations to the estimator for how best to handle the cost estimation of changes to achieve project cost control throughout the project lifecycle using the skills and knowledge provided in AACE recommended practices.
Level: Intermediate
TCM Section(s):
7.3. Cost Estimating and Budgeting
10.3. Change Management
Venue: 2021 AACE International Conference & Expo
Abstract: All projects experience change throughout their lifecycle in some form or another. This paper will examine: the factors associated with project changes which can affect both the accuracy and precision of the associated costs of the change, and the estimated forecasts for total project costs at completion, the best practices for change management to achieve successful cost control, and the cost estimator’s role in the change management process.
This paper will also provide recommendations to the estimator for how best to handle the cost estimation of changes to achieve project cost control throughout the project lifecycle using the skills and knowledge provided in AACE recommended practices.