Academic SIG

Expand all | Collapse all

Educational Practice 01E-14 - Proposed Curriculum for a Master of Sceince in Cost Engineering

  • 1.  Educational Practice 01E-14 - Proposed Curriculum for a Master of Sceince in Cost Engineering

    Posted 02-01-2018 05:24
      |   view attached
    ​​

    AACE® International Educational Practice No. 01E-14 (Formerly Recommended Practice No. 12R-89)

    Proposed Curriculum for a Master of Science Degree in Cost Engineering


    The Academic SIG is proud to announce the International Education Practice for  Proposed Curriculum Master Science Degree in Cost Engineering.

    Reviewing with North American and International Universities, and expanding on previous documents this allows Academia to review and propose a MS Program.

    Any Additional Information or Comments

    Contact

    Dr. Sean Regan - sean@ ontrackpm.com
    or Dr. Alexia Nalewaik - dralexia@earthlink.net

    ------------------------------
    Sean Regan FAACECCP CEP EVP MRIC FPCG
    Director Region 9
    President International Operations
    OnTrack Engineering CZ s.r.o.
    Prague, Czech Republic
    +420775226608
    +17023387687
    ------------------------------

    Attachment(s)

    pdf
    180201 - 01E-14_Final.pdf   169K 1 version


  • 2.  RE: Educational Practice 01E-14 - Proposed Curriculum for a Master of Sceince in Cost Engineering

    Posted 02-13-2018 17:56
    Please note, this was benchmarked against degrees at Universities around the world, in Engineering Management, Construction Management, Project Management, Business, and Systems Engineering. The intent is for it to be a guideline, for Universities to adapt by using some of their existing curriculum and developing the proposed coursework as needed.

    ------------------------------
    Alexia Nalewaik CCP
    ------------------------------



  • 3.  RE: Educational Practice 01E-14 - Proposed Curriculum for a Master of Sceince in Cost Engineering

    Posted 27 days ago

    Sean, Alexia,

    How are the sections around the world supposed to relate to this document?  Since it can be a very good basis for local cooperation agreements with academic institutions, sections around the globe may be very interested in it, since it's their specific function to further the objectives of the Association through closer personal relationships at the local level.            Is a complete list of the Universities involved in benchmarking this work available and also a complete list of Universities that have been provided with the document?

    Thanks,
    Lucio



    ------------------------------
    Lucio Provenzani CCP
    ------------------------------



  • 4.  RE: Educational Practice 01E-14 - Proposed Curriculum for a Master of Sceince in Cost Engineering

    Posted 12 days ago
    This is a draft of the proposed curriculum, for comment. I will edit this again in July, as I have received additional comments and benchmarks.

    There are several universities that are interested in implementing this curriculum, and Sean can speak more to that.

    ------------------------------
    Dr. Alexia Nalewaik CCP FRICS
    ------------------------------



  • 5.  RE: Educational Practice 01E-14 - Proposed Curriculum for a Master of Sceince in Cost Engineering

    Posted 11 days ago
    Thanks Alexia.

    As a minimum, the course must consider all the 8 qualifications offered by AACE as well as critical subjects like system engineering, value engineering, Quality, Health Safety Environment, Sustainability, Risk, Project Management, Procurement/Contracts, Asset Integrity etc.

    kind regards

    Varan


    ------------------------------
    Varan Karunakaran
    Consultant
    Freelance
    Balwyn North
    61404324396
    Varan
    ------------------------------



  • 6.  RE: Educational Practice 01E-14 - Proposed Curriculum for a Master of Sceince in Cost Engineering

    Posted 27 days ago
    Sean

    It is a nine-page document and it is not easy to comment through this discussion group. A formal review option should be best value addition to this document. My key observation and my input are follows:
    - Considering the modern education system (even medicine - some university admit through GAMSAT - Graduate Australian Medical School Admissions Test) and no perquisite on any subject. On the basis an admission test examination is the best way forward. Alternatively Universities may admit based on a Bachelor Degree with scoring (3)
    -10 subjects with major thesis or 12 subjects with minor project should be considered
    -  Cost Engineering Required / Core Courses
      (8 courses / 24 credits from this list)
    • Cost Estimating - to be Cost, Time and Resources Estimating Principles (of course later one finally leading to cost)
    • New subject- Engineering Economics (covering budgeting, project evaluation and approval etc)
    - Project Management
    - Planning (which automatically include Scheduling)
    • Project Procurement Management (automatically include Contracting, construction law, contract administration and forensic claim, Alternative dispute resolutions)
    • Project and Contract Administration -delete
    • Fundamentals of Project Management -delete - System Engineering
    • Project Controls (Based on EVM and RP 29R)
    • Decision and Risk Analysis - may change merely to Risk Engineering
    -Project Accounting and Financial Engineering
    - Total Cost Engineering (Avoid management)
    - Asset Management
    • Performance Measurement and Data Analytics (Change the Data Analysis to Reporting)
    Depending of the response I will add more.
     




    ------------------------------
    Varan Karunakaran
    Consultant
    Freelance
    Balwyn North
    61404324396
    ------------------------------



  • 7.  RE: Educational Practice 01E-14 - Proposed Curriculum for a Master of Sceince in Cost Engineering

    Posted 12 days ago
    Thank you for your comments

    ------------------------------
    Dr. Alexia Nalewaik CCP FRICS
    ------------------------------