The membership grade of Fellow is a selective and prestigious honor for the recipients. Approval of Fellow is in recognition of professional attainment and significant accomplishment in cost management or cost engineering. Click here to see this year’s winners…
AACE Fellow Announced Read More »
AACE International, the leading organization for the advancement of project controls and the cost management profession, is pleased to announce the appointment of Michael T. Kobylka II, CAE, as its eleventh Executive Director and Chief Executive Officer in the organization’s 68-year history…
AACE International Appoints Michael T. Kobylka II, CAE as New Executive Director/CEO Read More »
The AACE International Certification Institute’s Certification Board is excited to announce that the DRMP certification examination is officially open for registration after a two-year restructuring. This expertise-level certification, long considered a benchmark for excellence in cost engineering and project controls, has been reimagined to reflect our profession’s evolving landscape better and ensure it continues to set a high standard for professional expertise…
This document is intended to provide a guideline, not a standard, for using fault tree analysis (FTA) to improve the quality of the outputs of the project or product by providing a comprehensive and systematic way to identify, assess, and prioritize risks. FTA enhances a decision-maker’s understanding of the complex relationships regarding potential risks or failure points that should be addressed to improve or optimize project outcomes…
New Recommended Practice 131R-23: Introduction to Fault Tree Analysis for Projects Read More »
It is with great sadness that we announce the passing of Pegasus-Global Holdings’ Co-Founder and Co-Chair. Dr. Patricia Galloway, who passed away unexpectedly on Thursday, September 26, 2024, in the company of family and beloved friends. She lost her courageous battle with pancreatic cancer…
In Memoriam, October 2024 Read More »
The purpose of this recommended practice (RP) is to describe risk analysis concepts that can be used when important alternative selection strategies are being developed by senior leaders. These selections are made well before there is a detailed project plan, schedule, and cost estimate. The RP describes the development of simplified models to assess alternatives under consideration…
Vera Anna Lovejoy, beloved wife, sister, and mother, passed away peacefully on March 14, 2024, in Los Angeles, California, in the company of her loving family. She was 62 years old…
Vera Anna Lovejoy Obituary Read More »
Results from this year’s annual AACE International Board of Directors election for President-Elect, Treasurer, and Director-At-Large are announced. Voting ended on March 31…
AACE 2024 Election Results Announced Read More »
Anthony J. Werderitsch (Tony) passed away peacefully at home in the early morning hours of January 7, 2024, with his beloved wife, Patricia, at his side, after suffering from pneumonia and a lengthy battle with cancer (bladder, skin, and soft tissue sarcoma). Tony had full mental acumen up until his passing and fought death every step of the way…
In Memoriam, January 2024 Read More »
This recommended practice defines general practices and considerations for integrated cost and schedule risk analysis and estimating contingency using a combination or hybrid of estimate ranging and integrated cost and schedule expected value analysis with Monte Carlo simulation methods. R+EV is used as a shorthand designation for this quantitative risk analysis (QRA) combination…