Estimating and Cost Engineering Training

Total Cost Management

The identification and evaluation of capital investment options, development of capital project scope, and project execution should all be part of an integrated process for an owner company. This process is called Total Cost Management (TCM) by AACE International. This course will cover the following TCM elements: development and evaluation of capital project investment options; investment risk analysis and decision making; the development of project scope and project execution plans that focus on cost estimate and schedule development; cost/schedule control of projects during execution; and closing the process loop through asset and project knowledge management.

This course is intended for both business and technical personnel involved in managing, performing, or participating in capital project investment planning, project scope development, and project execution. These personnel typically have a basic understanding of some part of the project and cost management process, but want to increase their understanding of integrated cost management over the entire project life cycle.

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. Alternatively, we also offer a condensed version as a 4-hour executive seminar.

Download a Course Outline