New Recommended Practice Released
124R-22: Project Code of Accounts – As Applied for the Environmental Remediation Industries
As a recommended practice (RP) of AACE International, this document suggests a code of accounts (COA) for projects in the environmental remediation (ER) industries. While some systems exist, this RP provides a comprehensive list of cost elements unique to the life cycle of ER projects and programs.
A COA is typically implemented early in a project, as a cost coding structure, and is used for the duration of a project. This coding structure is an organizational and accounting tool made up of an alpha and/or numeric set of values which are assigned to every item within a schedule or budget. These unique identifiers, designated by a corporate and/or industry standard, remain constant through the life of the project and across the organization. This coding structure is then used to support project and program management in the development, collection, organization, and reporting of project data.
In the ER industry, the benefit of a standardized COA is significant for effective project and program management. Examples of how a COA can benefit are demonstrated early when initial costs are estimated. COAs, when used to organize cost, support the development of a project baseline, and provide a means to monitor for variations/trends as the project develops. Also, when reviewing projects, the ability to identify unique elements within a project is increased. As an example, assuming the project COA is so coded, worker categories (such as a radiation technician) or technology types (such as a geomembrane liner), can be quickly identified wherever it may occur in the project schedule or budget. The intent of this RP is to provide a recommendation for a standardized code of accounts for the environmental remediation industries. The RP also will promote benefits such as project cost sharing, metrics, measurements.
Contributors:
Corey Clemmons (Primary Contributor)
Dr. Dan Melamed, CCP EVP FAACE (Primary Contributor)
Bryan A. Skokan, PE CCP (Primary Contributor)
Edward E. Douglas, III CCP PSP FAACE Hon. Life
Nick Papadopoulos
About Corey:
Corey is a senior project manager with AECOM, supporting the Project Delivery and Control Division in the development of guidelines and processes. He also supports project manager mentorship and training, as well as internal consultation on risk reduction and profit protection. He has 21 years of industry experience with 12 of those supporting state, federal, and environmental nuclear projects and programs. He has supported several project controls programs across the industry. Corey is a certified Project Management Professional (PMI), member of AACE National Capital Section, and unit leader for Scouts with the BSA National Capital Area Council.
About Dan:
Dan Melamed is a program analyst with the Department of Energy’s (DOE) Office of Environmental Management (EM) where he has organized, directed, and participated in environmental baseline reviews for a wide variety of sites across the EM Complex. His most recently project is the EM Los Alamos Integrated Baseline Review, as the organizer and colead.
He has also been involved in the earned value management system evaluation for new contractors for the EM program. He has served as the president for the AACE National Capital Section. He is currently a member of the Technical Board of AACE International.
Prior to his work at the Department of Energy, Dan Melamed was a staff scientist at Brookhaven National Laboratory, where he did research on waste processing technologies and solar energy conversion. In addition to being a Certified Cost Professional and an Earned Value Professional, Dan Melamed has a Ph.D. in Chemistry from Princeton University. He is a member of AACE International, Sigma Xi the Scientific Honor Society, as well as the American Chemical Society. He is the author of over 20 peer-reviewed publications and one patent.
About Bryan:
Bryan is a senior professional engineer with Acuity – Project, Time & Cost. He is assigned to the DOE Office of Project Management, supporting project management areas that include policy, guidance, cost estimating, risk management, scheduling, and earned value management. Prior to retirement, he was a DOE employee serving in the DOE Offices of Environmental Management with its cleanup program. Before that, he was with the Office of New Production Reactors and the DOE Office of Project and Facility Management. Prior to DOE, Bryan was employed by the Naval Facilities Engineering Command performing project planning and reviews. He was also employed at two Navy laboratories, performing project planning, design, cost estimating, and construction management. He is a registered Professional Engineer and a Certified Cost Professional (AACE) and a member of the AACE National Capital Section.
AACE Members may download the RP free of charge here:
https://web.aacei.org/docs/default-source/rps/124R-22.pdf
Non-members may purchase the RP for USD 100 here:
https://www.pathlms.com/aace/courses/2928/documents/67320