Estimating and Cost Engineering Training

Capital Project Cost Control Utilizing TCM

The AACE International Total Cost Management (TCM) Framework identifies the effective application of professional and technical expertise to plan and control project resources, costs, profitability and risk. Simply stated, TCM is a systematic approach to managing cost throughout the life cycle of capital projects.

This course will describe the concepts of TCM, and illustrate how it addresses the project cost control process for capital projects. It will provide a comprehensive understanding of the Plan-Do-Check-Assess cycle of project cost control; and illustrate the principles of both performance measurement and performance assessment that is critical to effective project control.

This course is intended for those involved in the management and control of large capital projects. A combination of lecture, examples, and interactive sessions will be utilized, providing the attendees with an opportunity to engage in discussions and to participate in an effective learning experience.

This course is typically provided as a 3-day course; however, the course can be extended to additional days for more in-depth coverage of selected topics.

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