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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:
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
Decision and Risk Management
- Definitions, Terminology, Taxonomy, Standards
- Integrated Processes to support TCM
- Qualitative vs. Quantitative Analysis
- Human Elements (bias, psychology, motivation, etc.)
- Integrating Risk and Value Management
- Risk Identification, Facilitation/Elicitation
- Risk Analysis
- Risk Treatment
- Risk Control
- Cost and Schedule Contingency Methodologies
- Other Risk Methodologies (Escalation, Currency, etc.)
- Decision Analysis
- Decision Analysis Methodologies and Models
- Presenting and Communicating Results and Decisions
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