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New AACE International Recommended Practice Released

As a recommended practice (RP) of AACE International, the Cost Estimate Classification System provides guidelines for applying the general principles of estimate classification to nuclear new build and modification project cost estimates (i.e., cost estimates that are used to evaluate, approve, and/or fund projects). The Cost Estimate Classification System maps the phases and stages of project cost estimating together into a generic project scope definition maturity and quality matrix, which can be applied across the nuclear power plant industry…

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AACE Offering New Professional Guidance Document (PGD-02), Guide to Quantitative Risk Analysis (QRA)

In 2008, the AACE International Decision and Risk Management (DRM) Technical Subcommittee launched an effort to greatly expand the repertoire of recommended practices (RPs) on risk management with a particular focus on quantitative risk analysis (QRA)…

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AACE International Announces New Certification Institute

In 2022, AACE International will launch the AACE International Certification Institute, an affiliated organization, to manage its renowned certification program and activities. The Institute will develop, oversee, and manage professional certification programs associated with Total Cost Management and related practices, and promote such certification programs to individuals and businesses in furtherance of the cost management profession…

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In Memoriam, November 2021

Thomas Lee Barlow, 92, a longtime AACE International member and volunteer, passed away at League City, Texas at 8:07 a.m. on Monday, Oct. 22, 2021. He died peacefully in his sleep from congestive heart failure, pneumonia, and other health complications. He had been a resident at the Crossings in League City for four months…

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Introducing the AACE International MAC

Value to members, relevance to the industry, and membership growth – these are the core focus areas of the AACE Membership Advisory Committee (MAC). The MAC was recently established through the adoption of the updated AACE Bylaws as a means to develop and maintain strategies for membership acquisition and retention at the Section, Region, and international levels. I serve as the chairperson and Ghaith Al-Hiyari, CCP, serves as the vice chair…

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InEight to Sponsor Webinar July 20

Mark your calendars for an InEight sponsored webinar at 2 p.m. on Tuesday, July 20, conducted in conjunction with AACE International. The July 20 webinar is titled, “How a Multi-Dimensional Approach to Project Planning Reduces Risk and Delivers Better Project Outcomes.” This webinar is another in a continuing series of AACE International webinars being offered in conjunction with sponsors…

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