Cost Engineering and TCM Training

Get it from the source: the lead author of the

"AACE's Total Cost Management Framework"

  • Training is customized to your needs
  • Focus is on cross-functional skills and knowledge
  • Start with processes that tie everything to business objectives. 
  • Drill down to the functional areas (including your own practices

Here are some example modules (focused on costs):

    TCM/Cost Engineering Process

    • TCM Process Overview
    • Strategic Asset Management and Project Control
    • Asset and Project Life Cycles, Portfolios and Programs
    • Capital Project Systems (Phase-Gate Systems)
    • Capex Investment Options Identification and Development
    • Capex Investment Risk Analysis and Decision Making
    • Profitability
    • Value Improving Practices
    • Risk Management
    • Knowledge Management
    • Project Planning
    • Organization and Leadership for TCM 
    • Establishing and Communicating Goals and Objectives

    Cost Estimating

    • Definitions and Terminology
    • Estimate Types/Classifications and Technical Deliverables
    • Estimate Preparation Workflow
    • Estimate Components/Structuring the Estimate
    • Overview of Estimating Methodologies
    • Capacity Factored Estimating
    • Equipment Factored Estimating
    • Parametric Estimating
    • Detailed Estimating
    • Costing/Pricing/Adjustments/Allowances
    • Accuracy/Statistics
    • Risk Analysis/Contingency/Escalation
    • Presenting the Estimate/Basis of Estimate
    • Estimate-Schedule Integration
    • Estimate Review & Validation
    • Project Knowledge Bases
    • Organization for Estimating
    • Dealing with Mega-Projects

    Cost Control

    • Cost Control versus Accounting
    • Establishing Control Baselines
    • Initiating Control Systems
    • Measuring Progress and Performance
    • Assessing Performance
    • Cost/Schedule Integration
    • Cost Forecasting
    • Change Management
    • Risk Management
    • Project Close-out