AACE International
Encyclopedia
AACE International was founded in 1956 by 59 cost estimators and cost engineers during the organizational meeting of the American Association of Cost Engineering at the University of New Hampshire
in Durham
, New Hampshire
. AACE International Headquarters is located in Morgantown
, West Virginia
, USA. AACE is a 501(c)(3) non-profit professional association.
AACE is the publisher of Cost Engineering, a monthly technical journal, Skills and Knowledge of Cost Engineering (currently in its fifth edition), AACE Certification Study Guide (currently in its third edition), 14 different AACE International Professional Practice Guides, and its most comprehensive publication, the Total Cost Management
(TCM) Framework.
AACE currently manages seven certification
programs:
AACE's CCC/CCE, CEP, EVP, and PSP certified individuals must document ongoing cost and management professional experience and education every three years to keep their certification current. Since becoming a charter member of the Council of Engineering and Scientific Specialty Boards (CESB) in 1990, AACE's CCC/CCE, CCT, EVP, and PSP certifications are independently accredited by the CESB.
As of 2011, AACE reported over 8,000 members. To network in local areas, there are over 80 local sections located in 80 countries. There are also 11 Technical Sub-Committees and 17 Special Interest Groups (SIGs). Each SIG is devoted to a specific industry area, such as academic, construction, or manufacturing and serves as an outlet for individuals to develop a common body of knowledge relative to identifying issues and assisting others in finding a resolution to similar problem areas.
University of New Hampshire
The University of New Hampshire is a public university in the University System of New Hampshire , United States. The main campus is in Durham, New Hampshire. An additional campus is located in Manchester. With over 15,000 students, UNH is the largest university in New Hampshire. The university is...
in Durham
Durham, New Hampshire
As of the census of 2000, there were 12,664 people, 2,882 households, and 1,582 families residing in the town. The population density was 565.5 people per square mile . There were 2,923 housing units at an average density of 130.5 per square mile...
, New Hampshire
New Hampshire
New Hampshire is a state in the New England region of the northeastern United States of America. The state was named after the southern English county of Hampshire. It is bordered by Massachusetts to the south, Vermont to the west, Maine and the Atlantic Ocean to the east, and the Canadian...
. AACE International Headquarters is located in Morgantown
Morgantown, West Virginia
Morgantown is a city in Monongalia County, West Virginia. It is the county seat of Monongalia County. Placed along the banks of the Monongahela River, Morgantown is the largest city in North-Central West Virginia, and the base of the Morgantown metropolitan area...
, West Virginia
West Virginia
West Virginia is a state in the Appalachian and Southeastern regions of the United States, bordered by Virginia to the southeast, Kentucky to the southwest, Ohio to the northwest, Pennsylvania to the northeast and Maryland to the east...
, USA. AACE is a 501(c)(3) non-profit professional association.
AACE is the publisher of Cost Engineering, a monthly technical journal, Skills and Knowledge of Cost Engineering (currently in its fifth edition), AACE Certification Study Guide (currently in its third edition), 14 different AACE International Professional Practice Guides, and its most comprehensive publication, the Total Cost Management
Total cost management
Total cost management is the name given by AACE International to a process for applying the skills and knowledge of cost engineering. It is also the first integrated process or methodology for portfolio, program and project management. AACE first introduced the concept in the 1990s and published...
(TCM) Framework.
AACE currently manages seven certification
Certification
Certification refers to the confirmation of certain characteristics of an object, person, or organization. This confirmation is often, but not always, provided by some form of external review, education, assessment, or audit...
programs:
- A Certified Cost Consultant (CCC) / Certified Cost Engineer (CCE) has met specific education and experience requirements, has passed the technical paper submittal, has agreed to adhere to a canon of ethics, and has passed an examination designed to objectively assess and measure cost management and cost engineering knowledge. A CCC/CCE must also satisfy continuing certification requirements or lose the certification.
- A Certified Cost Technician (CCT) (formerly known as ICC - Interim Cost Consultant) has met specific education and experience requirements, has agreed to adhere to a canon of ethics, and has passed an examination designed to objectively assess and measure basic cost management and cost engineering knowledge. The CCT certification is an entry-level certification and is not eligible for renewal.
- A Certified Estimating Professional (CEP) has met specific education and experience requirements, has agreed to adhere to a canon of ethics, and has passed an examination designed to objectively assess and measure estimating and cost management knowledge. Additionally, a CEP must satisfy continuing certification requirements or lose the certification.
- A Certified Forensic Claims Consultant (CFCC) has met specific education and experience requirements, has submitted an expert evidence report requirement, has agreed to adhere to a canon of ethics, has obtained at least one of the pre-approved additional certification requirements, and has passed an examination designed to objectively assess and measure claims and dispute resolution knowledge. Additionally, a CFCC must satisfy continuing certification requirements or lose the certification.
- An Earned Value Professional (EVP) has met specific education and experience requirements, has agreed to adhere to a canon of ethics, and has passed an examination designed to objectively assess and measure cost management and earned value management knowledge. Additionally, an EVP must satisfy continuing certification requirements or lose the certification.
- A Planning & Scheduling Professional (PSP) has met specific education and experience requirements, has agreed to adhere to a canon of ethics, and has passed an examination designed to objectively assess and measure cost management, planning and scheduling knowledge. Additionally, a PSP must satisfy continuing certification requirements or lose the certification.
AACE's CCC/CCE, CEP, EVP, and PSP certified individuals must document ongoing cost and management professional experience and education every three years to keep their certification current. Since becoming a charter member of the Council of Engineering and Scientific Specialty Boards (CESB) in 1990, AACE's CCC/CCE, CCT, EVP, and PSP certifications are independently accredited by the CESB.
As of 2011, AACE reported over 8,000 members. To network in local areas, there are over 80 local sections located in 80 countries. There are also 11 Technical Sub-Committees and 17 Special Interest Groups (SIGs). Each SIG is devoted to a specific industry area, such as academic, construction, or manufacturing and serves as an outlet for individuals to develop a common body of knowledge relative to identifying issues and assisting others in finding a resolution to similar problem areas.
Further reading
- Amos, Scott (editor), "Skills and Knowledge of Cost Engineering," Fifth Edition, AACE International, Morgantown, West Virginia, 2004.
External links
- AACE International
- What is cost engineering? - a white paperWhite paperA white paper is an authoritative report or guide that helps solve a problem. White papers are used to educate readers and help people make decisions, and are often requested and used in politics, policy, business, and technical fields. In commercial use, the term has also come to refer to...
- The Total Cost Management Framework; An Integrate Approach to Portfolio, Program and Project Management
- AACE Public Discussion Forums