Chair: Richard C. Plumery, EVP
Technical Board Liaison: Richard C. Plumery, EVP
Project and cost control focuses on the ability to establish the project baseline, measure project progress, and provide forecasts to complete as it relates to the baseline scope, budget and schedule. This focus includes: 1) the application of procedures to monitor expenditures and performance against progress of projects or manufacturing operations: 2) to measure variance from authorized budgets: 3) develop forecasts and trends: and 4) recommend mitigating strategies that allow for effective action to be taken to achieve minimum costs and/or best value.
The subcommittee has established the following goals: 1) provide a forum for AACE members regarding project and cost control related subject matter; 2) provide resources for reviewing TCM Framework documentation; 3) promote publication in "Cost Engineering" and presentation at AACE Annual Meetings; and 4) complete Recommenced Practices publications.
An important function of a subcommittee is the development of AACE recommended practices (RPs). These are peer-reviewed documents (usually < 10 pages) that define the specifics of particular methods or procedures, often derived from past papers and articles. Click here to learn more about the RP Development Guidelines and Process.