This work focuses on the application of fundamental cost engineering principles to the capital and operating costs estimation of major projects. It provides detailed coverage of profitability, risk, and sensitivity analysis. This third edition: discusses novel strategies for calculating preliminary estimates using MasterFormat; presents new information on estimating the retrofitting and extension of existing plants; contains current international cost data; and more.;A solutions manual is available to instructors only.
This thoroughly rewritten and updated third edition offers comprehensive coverage of cost engineering, emphasizing capital projects and focusing on both estimating and cost control. Maintaining and enhancing the style of presentation that made the previous editions so popular, Applied Cost Engineering, Third Edition furnishes an entirely new and cost-effective approach to estimating and controlling contingency, a new chapter on systems and computer applications, a new chapter on bulk material control, expanded coverage of the factors that affect estimate accuracy, an introduction to the novel concept of estimate and schedule classification, additional end-of-text case studies, and much more.
Designed as a day-to-day resource for practitioners, and a self-study guide for the AACE International Cost Engineers' certification examination. This third edition has been revised and expanded, and topics covered include project evaluation, project management, and planning and scheduling.
Making the specifics of a complex concern accessible and its handling quite manageable, this fourth edition of the Project and Cost Engineers' Handbook examines the variables associated with international projects and project risk analysis. It provides instruction on contingency planning, delves into ethical considerations, considers the imp
This work outlines a state-of-the-art project control and trending programme, focusing on advanced applied-cost and schedule-control skills for all phases of a project at both owner and contractor level. It contains information on the three major aspects of the total project programme: the techniques and procedures utilized for a project; the exper
This volume aims to teach effective and practical techniques to improve the overall performance and outcome of design projects in various industries. It shows how to maximize budgets, reduce life cycle costs, improve project understanding and create better working relationships. It also features MS PowerPoint slides for class instruction.
In today’s hyper-competitive, global marketplace, a manufacturing company needs a competitive edge if it is to survive and grow. That edge could be anything from superior manufacturing technology to innovative product design; from patent protection to solid, well-established customer relationships. One competitive edge available to all manufacturers, but realized by only a few, is the ability to accurately measure, control, and optimize costs throughout a product’s entire life cycle. The lack of a methodology to engineer cost optimization into every product makes attaining and maintaining profitability all that the more difficult. Cost Engineering provides a means for a manufacturer to achieve and sustain profitability by designing and manufacturing products to specific cost requirements. It incorporates a variety of proven methodologies including cost estimating, cost control, and cost optimization. Features: Describes the components and organization of an effective cost optimization process Provides detailed explanations of cost estimating techniques for many of the most common manufacturing processes Explains the selection and use of appropriate cost allocation methods Presents the fundamentals of cost-based negotiation Includes both proper and improper executions of cost engineering principles The details presented in this book are important to design engineers, manufacturing engineers, buyers, accountants, cost estimators, cost optimization specialists, and their managers and provides CEOs, COOs, general managers, product line managers, and plant managers with guidance on improving and sustaining profitability. .
Aiming to bridge the gap between the quantitative viewpoint of management science and the practical, day-to-day needs of project cost management, this text offers coverage of an integrated cost management programme. It presents the use of method study techniques to increase the effectiveness of procedures and improve the productivity of resources, emphasizing a systematic approach to cost control.
This compact reference succinctly explains the engineering profession's codes of ethics using case studies drawn from decisions of the National Society of Professional Engineers' (NSPE) Board of Ethical Review, examining ethical challenges in engineering, construction, and project management. It includes study questions to supplement general engineering survey courses and a list of references to aid practicing engineers in exploring topics in depth. Concentrating primarily on situations engineers encounter on a daily basis and offering pragmatic answers to ethical questions, What Every Engineer Should Know About Ethics discusses recent headline-making disasters such as the Challenger explosion, the Chernobyl nuclear catastrophe, and the Hyatt-Regency Hotel collapse; considers the merits and drawbacks of professional codes of ethics; covers the application of the "committee approach" to specific cases; compares and contrasts ethical codes and personal values with alternative approaches to morality; defines professional licensing and registration and enumerates their prerequisites; outlines legal standards for liability; emphasizes the importance of communication, coordination, and documentation; includes a discussion of "whistleblowing;" defines the engineer's primary ethical responsibility; and more.
