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Total Cost Management Framework to be Released at AACE International's 2006 Annual Meeting

AACE International will release its newest publication; the Total Cost Management Framework: A Process for Applying the Skills and Knowledge of Cost Engineering. Simply stated, Total Cost Management (TCM) is a systematic approach to managing cost throughout the life cycle of any enterprise, program,...

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Bibliographic Details
Published in:Cost engineering (Morgantown, W. Va.) W. Va.), 2006-05, Vol.48 (5), p.8
Main Author: Hollmann, John K
Format: Article
Language:English
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Summary:AACE International will release its newest publication; the Total Cost Management Framework: A Process for Applying the Skills and Knowledge of Cost Engineering. Simply stated, Total Cost Management (TCM) is a systematic approach to managing cost throughout the life cycle of any enterprise, program, facility, project, product or service. The TCM Framework is a structured, annotated process map that for the first time explains each practice area of the cost engineering field in the context of its relationship to the other practice areas, including allied professions. As a "framework," this document is not a "how-to" instructional guide, but a conceptual representation that provides a structured, integrated overview of cost engineering. The TCM Framework's structure will provide consistency and support development of the AACE International Education Board and Certification Board products. TCM provides a strategic model that can help an organization design its own processes related to cost management.
ISSN:0274-9696