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Meet the Staff: Janice Johnson

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My first exposure to accounting was in high school where I took two introductory accounting courses.  I immediately felt a connection with the balance of the process of recording and organizing financial data.  Throughout my college studies and preparing for the CPA exam, my interest only intensified.  The first part of my career was in public accounting and then a few years in the energy industry.  I am thoroughly grateful that my career path eventually led me to AACE where I have been given a priceless opportunity to continue to grow professionally…

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Why We Exist

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When I first started at AACE two and a half short years ago, I did a lot of listening. I wanted to find out what made AACE buzz. Initially (and unsurprisingly), I heard a lot about our technical content and certifications – renowned for their quality, rigor, and hallmark status in the industry. Of course! Because this is what we do. But what I really wanted to know was… why do we do it? Why is our value unique from any other organization with similar offerings? It didn’t take long to uncover: our people. AACE is much more than its programs and products, we’re a community…

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Meet the Staff: Jennie Amos

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I joined AACE In August 1999 – in AACE years that could be perceived as a hot minute after Christian and Marvin which may or may not be pictured here. Only kidding of course, they weren’t in New Hampshire in 1956 with our great founding members. When I started at AACE, there were limitations on how long any staff member was supposed to be connected to the internet…

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NEW RP – 119R-21: Cost Estimate Accuracy Range and Contingency Determination Using Tables Derived from Parametric Risk Models

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This recommended practice (RP) of AACE® International defines a tabular, risk-driven method for establishing predetermined cost estimate accuracy range and contingency values based on industry parametric risk quantification models. It uses the RAND Corporation (RAND) parametric cost risk model from AACE RP 43R-08, Risk Analysis and Contingency Determination Using Parametric Estimating – Example Models as Applied for the Process industries, to illustrate the method and develop example tables…

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Sara Peters – Helping Others Achieve Their Goals and Dreams

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Before joining AACE, my professional background was primarily in Human Resources. I have discovered Association work is more meaningful to me because I feel like I am helping others achieve their goals and dreams. Also, as a mom, I want to show my daughters than you can balance a career and motherhood in a healthy environment. AACE’s culture grants me the privilege of having work-life harmony…

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NEW RP – 118R-21: Cost Risk Analysis and Contingency Determination Using Estimate Ranging for Inherent Risks with Monte Carlo Simulation

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This recommended practice (RP) defines general practices and considerations for inherent cost risk analysis and estimating contingency using a cost estimate ranging analysis with the Monte Carlo simulation (MCS) method. The method is only recommended for quantifying inherent cost uncertainty when the project scope is well-defined (i.e., Class 3 or better) and when the project has no new technology and minimal complexity. In all cases, the method is not to be used alone when there are significant project-specific risks (e.g., contingent risks or events). The method is applicable to two situations…

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AACE Introduces Ken Cressman – Online Learning Subcommittee Chair

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Mr. Cressman joined AACE in 1982. He has served on Section Boards, as well as the AACE Board of Directors. He obtained the CCE in 1982 and the EVP in 2012. He has served as the Vice President of TEC, as well as a local section president, VP, and treasurer. Mr. Cressman was the initial sponsor of the Rising Professionals Committee. He is currently a member of the Education Board…

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New AACE Recommended Practice Fills Gap in Quantitative Risk Analysis Maturity Model

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This recommended practice (RP) of AACE International (AACE) defines a quantitative risk analysis (QRA) maturity model (QRAMM) for assessing the level of capability for quantifying the uncertainty and risks associated with projects, programs, and portfolios within the risk management (RM) function of a capital investment or project management organization. Maturity models for general risk management are widely published, but less common for the QRA step of RM processes such as presented in Chapter 7.6 of the AACE Total Cost Management (TCM) Framework. This RP is intended to fill that gap…

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Deb Lally: Put the People First

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When I was a kid, I loved going into work with my mom. I would empty out the backgammon case and use that as my briefcase (hey, it was the 80s). I couldn’t wait to have a career, but I didn’t know “why” until I discovered association management. By their very nature, not-for-profit associations exist to help improve an industry and those in the profession. I love that. Leading a mission driven organization grounds both members and staff in the purpose of the work. Since I started at AACE, I’ve asked “why” a lot. It’s sparked a lot of conversation around how we work and how we could serve members even better. And that all starts with developing ourselves…

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