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Variables for Calculations

Here is something that may help when calculations are experiencing “rounding errors”, or when calculation totals of millions of dollars are off by $100,000. When calculations are off, a lot of time is wasted reviewing spreadsheets to find a possible error in some cell math. From experience, the solution is never found after hours of work. Being defeated and facing a presentation deadline, the solution is to manually edit the presentation with the correct answer and move onto the next assignment. But this means the problem was not solved and it will repeat itself in the future…

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Meet Penny Whoolery

Over the past 16 months, my interests have been narrowly focused to wedding planning, since both of my daughters decided to get married 10 months apart. So, I will share the most recent interesting thing to happen to me that ended up being a surprising, but great interest of mine…

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Meet Molly Burrow

The employees of AACE HQ are good people who are always ready to lend a hand or help in any way. They have all laughed with me, cried with me, been excited with me and it makes the work environment great! I also enjoy meeting and working with Board members, section members, leaders and everyone who is associated with AACE…

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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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