&# &* a%d c)ea+e 0a#/e b3 ad0a%c %g +ech% ca# "%&1#edge a%d ')&fe** &%a# de0e#&'$e%+=7 +he% 1e %0 +e 3&/ +& bec&$e &%e &f &/) $e$be)*: In addition to this and other Recommended Practices.&# &7 P)&g)a$ a%d P)&!ec+ Ma%age$e%+7 * a *+)/c+/)ed7 a%%&+a+ed ')&ce** $a' +ha+ f&) +he fi)*+ -$e e2'#a %* each ')ac-ce a)ea &f +he c&*+ e%g %ee) %g fie#d % +he c&%+e2+ &f +* )e#a-&%*h ' +& +he &+he) ')ac-ce a)ea* %c#/d %g a## ed ')&fe** &%*: Visual TCM Framework: V */a# TCM g)a'h ca##3 de$&%*+)a+e* +he %+eg)a-&% &f +he *+)a+eg c a**e+ $a%age$e%+ a%d ')&!ec+ c&%+)&#* ')&ce** $a'* &f +he TCM F)a$e1&)": The V */a# TCM a''# ca-&% ha* bee% de* g%ed +& ')&0 de a d3%a$ c 0 e1 &f +he TCM ')&ce**e*7 f)&$ +he &0e)a## *+)a+eg3 ')&ce** $a'* +& +he $ d?#e0e# ')&ce**e* a%d de+a #ed ac-0 -e*: The ')&ce**e* a)e h3'e)# %"ed7 g 0 %g +he /*e) +he ab # +3 +& $&0e +& a%d f)&$ )e#a+ed ')&ce** $a'* a%d )efe)e%ce Recommended Practice .* flag*h ' '/b# ca-&%7 +he TCM F)a$e1&)"9 A% I%+eg)a+ed A'')&ach +& P&).Th * Rec&$$e%ded P)ac-ce ARPB * b)&/gh+ +& 3&/ a* '/b# c *e)0 ce b3 AACE I%+e)%a-&%a#7 +he A/+h&) +3 f&) T&+a# C&*+ Ma%age$e%+: The AACE I%+e)%a-&%a# Rec&$$e%ded P)ac-ce* a)e +he $a % +ech% ca# f&/%da-&% &f &/) ed/ca-&%a# a%d ce)-fica-&% ')&d/c+* a%d *e)0 ce*: The RP* a)e a *e) e* &f d&c/$e%+* +ha+ c&%+a % 0a#/ab#e )efe)e%ce %f&)$a-&% +ha+ ha* bee% */b!ec+ +& a ) g&)&/* )e0 e1 ')&ce** a%d )ec&$$e%ded f&) /*e b3 +he AACE I%+e)%a-&%a# Tech% ca# B&a)d: AACE I%+e)%a-&%a# * a GDEAcBAFB %&%?')&fi+ ')&fe** &%a# a**&c a-&% *e)0 %g +he +&+a# c&*+ $a%age$e%+ c&$$/% +3 * %ce EKGH: AACE I%+e)%a-&%a# ')&0 de* +* $e$be)* a%d *+a"eh&#de)* 1 +h +he )e*&/)ce* +he3 %eed +& e%ha%ce +he ) 'e)f&)$a%ce a%d e%*/)e c&%-%/ed g)&1+h a%d */cce**: W +h &0e) J7GDD $e$be)* 1&)#d?1 de7 AACE I%+e)%a-&%a# *e)0e* +&+a# c&*+ $a%age$e%+ ')&fe** &%a#* % a 0a) e+3 &f d *c '# %e* a%d ac)&** a## %d/*+) e*: AACE I%+e)%a-&%a# ha* $e$be)* % JI c&/%+) e*: If 3&/ *ha)e &/) $ ** &% +& <e%ab#e &)ga% 4a-&%* a)&/%d +he 1&)#d +& ach e0e +he ) %0e*+$e%+ e2'ec+a-&%* b3 $a%ag %g a%d c&%+)&## %g ')&!ec+*7 ')&g)a$*7 a%d '&). here are just a sample of the products and services that AACE has to offer you: Recommended Practice Total Cost Management® Framework: T&+a# C&*+ Ma%age$e%+ * a *3*+e$a-c a'')&ach +& $a%ag %g c&*+ +h)&/gh&/+ +he # fe c3c#e &f a%3 e%+e)') *e7 ')&g)a$7 fac # +37 ')&!ec+7 ')&d/c+ &) *e)0 ce: AACE.

$a+e) a#: Th * a##&1* f&) +he &'-$a# effec-0e%e** &f /%de)*+a%d %g a%d /* %g +he ')&ce** a%d */b?')&ce** % +he c&%+e2+ &f a%d )e#a-&%*h ' +& a**&c a+ed */b?')&ce**e* +ha+ *ha)e c&$$&% *+)a+eg e* a%d &b!ec-0e*: V */a# TCM a##&1* +he /*e) +& 0 e1 a%d a''#3 TCM *ec-&%?b3?*ec-&%7 a+ a */b?')&ce** &) f/%c-&%a# #e0e#: V */a# TCM * a0a #ab#e +& $e$be)* a+ %& e2+)a fee: $a%age$e%+: C&$')ehe%* 0e7 1e## &)ga% 4ed7 a%d -$e#37 each PPG * a c&##ec-&% &f *e#ec+ed a)-c#e* c&0e) %g a 'a)-c/#a) +ech% ca# +&' c a)ea &) %d/*+)3 *eg$e%+: The PPG* ')&0 de a% e2ce##e%+ *&/)ce &f )efe)e%ce $a+e) a# a%d * a 1e#c&$e add -&% +& a%3 )efe)e%ce # b)a)3: Certification: Virtual Library: Me$be)* )ece 0e f)ee acce** +& +he V )+/a# L b)a)37 a% &%# %e c&##ec-&% &f &0e) GDDD c&$'#e+e +ech% ca# a)-c#e* &% 0 )+/a##3 e0e)3 a*'ec+ &f c&*+ e%g %ee) %g: Sea)ch +h * e2+e%* 0e da+aba*e a%d $$ed a+e#3 )e+) e0e +he be*+ +ech% (/e* a%d '&+e%-a# *&#/-&%* +& +he ')&b#e$* c&%f)&%-%g 3&/ a%d 3&/) &)ga% 4a-&%: S %ce EKIH7 AACE ha* bee% ce)-f3 %g %d 0 d/a#* a* Ce)-fied C&*+ C&%*/#+a%+* ACCCB>Ce)-fied C&*+ E%g %ee)* ACCEB8 Ce)-fied C&*+ Tech% c a%* ACCTB8 Ce)-fied E*-$a-%g P)&fe** &%a#* ACEPB8 Ce)-fied F&)e%* c C#a $* C&%*/#+a%+* ACFCCB8 Ea)%ed Va#/e P)&fe** &%a#* AEVPB8 a%d P#a%% %g C Sched/# %g P)&fe** &%a#* APSPB: I% +he $ d*+ &f *+agge) %g b/* %e** a%d ec&%&$ c +/)$& #7 3&/ %eed a## +he +&&#* a+ 3&/) d *'&*a# +& he#' *h&)e /' 3&/) ca)ee) ')&*'ec+*: AACE ce)-fica-&% ca% he#' 3&/ a%d +he &)ga% 4a-&%* +ha+ )e#3 &% 3&/ f&) he#'5 Professional Practice Guides (PPGs): P)&fe** &%a# P)ac-ce G/ de* c&%+a % +he $&*+ 1&)+h1h #e c&%+) b/-&%* +& +he fie#d &f +&+a# c&*+ Recommended Practice Online Learning Center: The O%# %e Lea)% %g Ce%+e) fea+/)e* $&d/#e* ba*ed /'&% ac+/a# +ech% ca# ')e*e%+a-&%* ca'+/)ed Recommended Practice .

a+ &/) A%%/a# Mee-%g*: Each )ec&)ded /% + %c#/de* a # 0e a/d & )ec&)d %g &f +he *'ea"e) *3%ch)&% 4ed +& +he *# de* acc&$'a%3 %g +he ')e*e%+a-&%: Each /% + %c#/de* +he +ech% ca# 'a'e) a**&c a+ed 1 +h +he ')e*e%+a-&%7 a%d a d&1%#&adab#e a/d &?&%#3 0e)* &% +ha+ 3&/ $a3 '#a3 &% 3&/) $&b #e de0 ce &) P&d: C&$'#e-&% &f each /% + ea)%* D:E AACE )ece)-fica-&% c)ed +* A :e: D:E CEU*B: A% e#ec+)&% c ce)-fica+e &f c&$'#e-&% 1 ## be a.e) $a%age7 '#a%7 *ched/#e7 a%d $'#e$e%+ +ech%&#&g3 f&) $&)e effec-0e a%d effic e%+ b/* %e** ')ac-ce*: The I%+e)%a-&%a# TCM C&%fe)e%ce * a * $ #a) e0e%+ +ha+ * he#d &/+* de &f N&)+h A$e) ca @ c&$'#e+e 1 +h +ech% ca# ')e*e%+a-&%*7 *e$ %a)* a%d e2h b +*: Mentoring Program: L&&" %g +& ga % $&)e "%&1#edge f)&$ a% e2'e) e%ced ')&fe** &%a# &) a% &''&)+/% +3 +& he#' a%&+he) ')&fe** &%a#6 I%c#/ded 1 +h 3&/) $e$be)*h '7 AACE &ffe)* a c&$')ehe%* 0e $e%+&) %g ')&g)a$ f&) %d 0 d/a#* %+e)e*+ed % *ha) %g "%&1#edge 1 +h &+he)* &) ad0a%c %g +he ) &1% ca)ee)* +& +he %e2+ #e0e#: Recommended Practice Recommended Practice .* #ead %g c&*+ ')&fe** &%a#* % a f&)/$ f&c/*ed &% #ea)% %g7 *ha) %g7 a%d %e+1&)" %g: O0e) EDD h&/)* &f +ech% ca# ')e*e%+a-&%* a%d a% %d/*+)3 +)ade*h&1 +ha+ 1 ## cha##e%ge 3&/ +& be.ached +& 3&/) ')&fi#e: Discussion Forums: The d *c/** &% f&)/$* e%c&/)age +he e2cha%ge &f +h&/gh+* a%d dea*7 +h)&/gh '&*-%g (/e*-&%* a%d d *c/** %g +&' c*: The3 ')&0 de a g)ea+ $ea%* f&) %e+1&)" %g a%d %+e)ac-&% 1 +h 3&/) 'ee)*: Pa)-c 'a+e a%3-$e a+ 3&/) c&%0e% e%ce a%d )ece 0e a/+&$a-c e?$a # %&-fica-&%* &% +&' c* +ha+ a)e &f %+e)e*+ +& 3&/: W +h *e0e)a# +h&/*a%d /*e)*7 f 3&/ ha0e (/e*-&%* &) c&%ce)%* ab&/+ a +ech% ca# */b!ec+7 ')&g)a$7 &) ')&!ec+ ? +he f&)/$* a)e a g)ea+ )e*&/)ce f&) 3&/: Conferences: AACE I%+e)%a-&%a#.* A%%/a# Mee-%g b) %g* +&ge+he) +he %d/*+)3.

e) /%de)*+a%d %g &f +he c&$'e--0e $a)"e+'#ace f&) +a#e%+ a%d f&) e$'#&3ee* %+e)e*+ed % "%&1 %g h&1 +he ) c&$'e%*a-&% c&$'a)e* 1 +h +he ) 'ee)* % +he ')&fe** &%: Recommended Practice Recommended Practice .* b ?$&%+h#3 ')&fe** &%a##3 'ee)?)e0 e1ed '/b# ca-&%: I+ c&%+a %* be*+? %?c#a** +ech% ca# a)-c#e* &% +&+a# c&*+ $a%age$e%+ )e#a+ed */b!ec+*: I+ * '/b# *hed a* b&+h a ') %+ 0e)* &% a%d a% &%# %e 0e)* &%: O/) b ?$&%+h#3 d g +a# '/b# ca-&%7 S&/)ce7 f&c/*e* &% AACE ac-0 -e* a%d +e$* &f %+e)e*+ +& +he +&+a# c&*+ $a%age$e%+ c&$$/% +37 1 +h *'ec a# fea+/)e* f&) &/) $e$be)*: Salary and Demographic Survey: C&%d/c+ed a%%/a##37 *a#a)3 */)0e3 * a g)ea+ )e*&/)ce f&) e$'#&3e)* +ha+ 1a%+ +& ga % a be.Career Center: AACE.* ca)ee) ce%+e) ')&0 de* +&&#* a%d )e*&/)ce* f&) 3&/ +& ')&g)e** +h)&/gh 3&/) ca)ee): L&&" %g f&) +he %e2+ )/%g &% +he ca)ee) #adde) &) +& h )e +he +a#e%+ %ece**a)3 +& +a"e 3&/) fi)$ +& +he %e2+ #e0e#6 J&b *ee"e)*7 /*e &/) *e)0 ce* +& fi%d 3&/) %e2+ !&b @ '&*+ 3&/) )e*/$e7 ge+ e?$a # %&-fica-&%* &f %e1 !&b?'&*-%g*7 a%d $&)e: E$'#&3e)*7 '&*+ 3&/) c/))e%+ !&b?&'e% %g* a%d *ea)ch &/) e2+e%* 0e )e*/$e da+aba*e +& fi%d 3&/) %e2+ *+a) e$'#&3ee: Periodicals Me$be)* )ece 0e a c&$'# $e%+a)3 */b*c) '-&% +& +he C&*+ E%g %ee) %g !&/)%a#7 AACE.

It was originally published in Cost Engineering journal and because of favorable response from academia and industry was accepted as an AACE recommended practice in June 1989. AACE International Recommended Practices .AACE International Recommended Practice No. Inc. Copyright 2003 AACE. 12R-89 MODEL MASTER’S DEGREE PROGRAM WITH EMPHASIS IN COST ENGINEERING TCM Framework: General Reference Prepared by the AACE Education Board This recommended practice is the result of several years of planning and effort by the AACE Education Board.

An important aspect of the program is that it recognizes the worth of hands-on experience and continuing education courses and stipulates that "in lieu of college credit. In June 1989. The curriculum for this course of study is based upon the content of "Required Skills and Knowledge of Cost Engineering. basic scheduling and cost estimating. value engineering. The purpose of this document is to support post-graduate education in cost engineering by providing the following: • • • • guidance to faculty and students in the formulation of master's degree programs that will concentrate on cost estimating. business law. The course model provides course descriptions and outlines components of each subject." a document that defines cost engineering performance standards. The Section I summary is an at-a-glance look at the entire program. and technical writing. fundamentals for business project management. the course outline was published and a number of universities critiqued the model and indicated their interest in the program. and applied project management. Copyright 2003 AACE. a basis for evaluation of university programs for purposes of qualifying such schools for AACE education support. A master's-level program in cost engineering should include prerequisite undergraduate courses like engineering economics." Five primary subject areas are recognized as required for the cost engineering knowledge base: • • • • • motivational management. The course of study for a master's degree program with emphasis in cost engineering and project management was approved in 1987 by the AACE Board of Directors. which could be a cost engineering survey or a research project on a cost engineering subject. 12R-89 MODEL MASTER’S DEGREE PROGRAM WITH EMPHASIS IN COST ENGINEERING TCM Framework: General Reference November. self-study programs. Optional in the program is a thesis. and advanced cost estimating. Inc. AACE International Recommended Practices . The model also permits students to personalize their education by taking approved electives that create an emphasis in special topics in cost engineering. Electives allow for an emphasis in computer applications. cost control. AACE's Board of Directors approved the program as an AACE Recommended Practice. commercial short courses. planning and scheduling. statistics. and project management. financial accounting. statutory aspects of personnel management. These subjects are considered essential for the professional cost engineer. a basis for qualifying proposed degree programs of individuals who have applied for AACE graduatelevel scholarships. introduction to computers. operations management. or qualification exams. Subsequently. depending on the requirements of the school implementing the master's degree program. 1990 INTRODUCTION This model course of study for a master's degree program with emphasis in cost engineering is a product of the Education Board of the American Association of Cost Engineers. contract preparation and administration. the student may be qualified through attendance at company training programs. advanced economic analysis.AACE International Recommended Practice No. productivity. These courses are identified in the model. which was adopted in 1987 as an AACE Recommended Practice. and a basis for course selection or self-study where no college program exists.

1990 SECTION I—SUMMARY A. AACE International Recommended Practices . General Electives • Subjects as locally approved to round out degree program Copyright 2003 AACE. Cost Engineering Elective Subjects (Minimum of 15 credits from this group of subjects) 3 3 3 3 3 3 3 3 3 3 Advanced Computer Subjects Computer Applications in Industry Operations Research (Operations Management) Statistics Value Engineering Methods and Productivity Improvement Applied Project Management Contract Documents Contract Administration Special Topics in Cost Engineering Motivational Management Statutory Aspects of Personnel Management Fundamentals for Business/Project Management Advanced Economic Analysis Advanced Cost Estimating Engineering Economics Basic Cost Estimating Basic Scheduling Introduction to Computers Business Law Financial Accounting Technical Writing Speech Communication 15 credits minimum D. Cost Engineering Survey or Research Projects (0-4 credits) • Thesis or graduate report on cost engineering subject E. Cost Engineering Required Subjects (15 credits in these subjects) 3 3 3 3 3 15 credits C.Model Master’s Degree Program With Emphasis in Cost Engineering 2 of 7 November. Undergraduate Prerequisite Subjects Credits/course 2-3 3 2-3 3 3 3 3 3 22-24 credits B. Inc.

The equivalent of a 2. Inc. commercial short courses. Basic Cost Estimating. Undergraduate Prerequisite Subjects These subjects are normally considered to be undergraduate level. These subjects should be included: • • • • • Barchart (Gantt) scheduling Arrow diagram method (ADM) scheduling Precedence diagram method (PDM) scheduling Time-scaled networks Line-of-balance charts 4.to 3-credit course in the fundamentals of economic analysis. Includes these subjects: • • • • • • • • • • • • Labor costs Determination of work-hour requirements Determination of materials requirements Materials costs Determining equipment requirements Equipment costs Equipment productivity Overhead. An incoming candidate for a master's program who does not have college credit for any of these subjects should either add them to his/her total degree program or demonstrate proficiency in them to the satisfaction of the university. The important thing is for the total content of the program to incorporate as many as possible of the components noted in the descriptions. Introduction to Computers. A. The equivalent of a 3-credit course designed to provide basic computer literacy and programming capability. It is recognized that each university may use titles and package courses differently than listed. indirect. 1990 SECTION II—COURSE CONTENT Capsulized descriptions of content for each of the courses identified in Section I follow.Model Master’s Degree Program With Emphasis in Cost Engineering 3 of 7 November. self-study programs. and distributable costs Risk costs and contingency Inflation/Escalation Profit Practical exercise in pricing a construction project or a manufactured product 3. Engineering Economics. The equivalent of a 2. AACE International Recommended Practices . It should include these subjects: Copyright 2003 AACE. The equivalent of a 3-credit course built around construction or manufacturing cost estimating which provides an introduction to definitive estimating. Basic Scheduling.to 3-credit course designed to provide basic proficiency in common scheduling techniques. or qualification exams. the student may be qualified through attendance at company training programs. future value Rate of return Depreciation/depletion Methods for comparison of economic alternatives Break-even analysis Budgeting and cash flow 2. 1. In lieu of college credit. It should encompass at least these subjects: • • • • • • • • Time value of money Equivalence Present value.

and similar statutory programs Policies involving alien workers Termination policies and Unemployment Compensation Occupational Safety and Health Act Worker's Compensation Special hiring/training programs involving disadvantaged population groups Current legal atmosphere relating to special personnel management matters (smoking. bankruptcies and related subjects. B. During the graduate study program the student must demonstrate competency in both written and oral communication gained through prior formal instruction or experience. corrective discipline Conflict management Team building Participative management Practical applications through case studies 2. Statutory Aspects of Personnel Management. A course in which the student is introduced to behavioral science theories and their application to effective management of personnel.) 3. investments. merit and open shop Copyright 2003 AACE. Affirmative Action. It is estimated that the equivalent of approximately 12 credits of the degree program will be devoted to pursuing these subjects. Financial Accounting. Any deficiencies should be remedied through addition of formal classes to the degree program on these subjects. Typical included subjects are: • • • • • • • • • Behavioral science theories Motivators and demotivators of personnel Effective communication Leadership/management styles Progressive. Technical Writing & Effective Oral Communication. the knowledge of these factors being essential as a "cost avoidance" tool. secured transactions. 7. contracts. Included topics are: • • • • • • • • Unions and collective bargaining Equal Employment Opportunity. This course covers internal organizational forms (functional. 6. The equivalent of a 3-credit overview of the body of law and case studies relating to business organizational forms. business taxation. AACE International Recommended Practices . Inc. insurance and bonding. Motivational Management. financing sources.Model Master’s Degree Program With Emphasis in Cost Engineering 4 of 7 November. etc. management under union. substance abuse. sexual harassment. This course is intended to supplement the Motivational Management course by presenting statutory/regulatory factors which affect personnel management. 1. Fundamentals for Business/Project Management. Cost Engineering Required Subjects. Business Law. documents of title. 1990 • Computer hardware and software nomenclature and functioning • Programming using a common engineering language • Introduction to a representative group of personal computer commercial software programs applicable to cost engineering 5. Subjects in this category are intended to provide a basic background in business or project management and are considered essential for the professional cost engineer. The equivalent of a 3-credit course in basic financial accounting. task force and matrix).

Advanced Economic Analysis. budgeting and cost control. 3. Inc. programs for small. Advanced Cost Estimating. quality control. safety and morale programs. environmental protection. Operations Research (Operations Management). and disadvantaged businesses. and rental options Profitability studies Benefit: cost studies Value analysis Budgeting and cash flow analysis Inflation/Escalation 5. substance abuse control. 1990 conditions. Potential topics are: • Decision theory • Systems theory • Linear and dynamic programming Copyright 2003 AACE. female-owned. This course is designed to demonstrate and apply principles of economic analysis to a variety of business situations and case studies. employee benefit programs. planning and marketing of services. This subject area includes the following possibilities: • • • • • • High-level programming languages Database management Artificial intelligence Computer modeling Hardware design Software program development 2. Cost Engineering Elective Subjects Students will select a minimum of 15 credits from this group of subjects. Advanced Computer Subjects. This course is designed to demonstrate cost estimating techniques and applications not covered in Basic Cost Estimating. health. This subject area includes many topics which may be combined into one or more courses or included as portions of other courses. AACE International Recommended Practices . Computer Applications in Industry. 1. Included subjects are: • • • • • • • • • Approximate estimating techniques Capital cost estimating Manufacturing and product cost estimating Operating cost estimating Indexes Risk analysis Integration of estimating with cost and schedule control Computerized estimating systems Probabilistic estimating C. minority-owned. procurement practices.Model Master’s Degree Program With Emphasis in Cost Engineering 5 of 7 November. lease. business insurance and bonding. 4. This subject area deals with computers and computer programs within a specific industry and can include applications using commercial software and/or development of special software programs. financial statements and other financial reporting. Typical of included subjects are: • • • • • • • Life-cycle cost analysis Evaluation of purchase.

Statistics. and maintainability analysis Work sampling and time-lapse photography Foreman and worker delay reporting Quality circles and problem-solving teams Suggestion programs 7. A practical exercise in which techniques are applied is normally a major element in this course. Applied Project Management. Inc. 1990 • • • • • • Learning curves Queuing Optimization Forecasting Statistical quality control Inventory control 4. Potential included topics are: • • • • • • Time and motion studies Constructability. AACE International Recommended Practices . 6. construction. Topics in this group apply the principles of earlier subjects to a type of project. A traditional course in statistics which includes these topics: • • • • • • Probability Data collection Frequency distribution Sampling Variance analysis Correlation and regression 5. This subject area provides special tools to evaluate and improve project performance. evaluation. Methods and Productivity Improvement. Value Engineering. operability. and heavy rigging Security Document control Startup (if applicable) • The special challenges of the fixed-price contract • The special challenges of "fast tracking" • In-process management: Copyright 2003 AACE. and other services Organizational structures for project management Insurance and bonding The impact of governmental regulation Risk identification. tools. this course explains value engineering techniques.Model Master’s Degree Program With Emphasis in Cost Engineering 6 of 7 November. Using life-cycle costs as a basis for evaluations. Potential topics include: • • • • • • • • • Project stakeholders and interests Contract approaches for engineering. and control Work breakdown structures and charts of accounts Control schedules and budgets Project plans: Project controls Materials management Quality management Subcontracting Safety/loss control Environmental protection Construction equipment.

Universities normally have a "Special Topics" course category which enables a student to pursue one or more credits of study in a subject area agreed to between the student and the advisor. contractor/vendor qualification. and supplies. Special attention is given to key contract clauses. E. other services. U. A master of engineering. and disputes. organizations for contract administration. construction. or comparable program will normally require one or more survey reports. AACE International Recommended Practices . they may or may not be awarded for survey reports. Contract Documents. This subject area provides an understanding of the administration of contracts for engineering. building construction. This is a detailed study of standard (AIA. document control. etc. procurement strategies.S. materials. construction management. risk allocation. Government. contract forms (short and long). trending. Those involving a cost engineering topic may be credited to the electives group. and forecasting Change administration Contingency management Management reporting Historical data files • Claims administration • Project closeout 8. drawings. equipment. D. Variations of these contract forms for common methods for contracting work. Coverage includes roles and responsibilities of contracting parties. special or supplementary conditions. specifications and addenda.) and selected user-prepared contract forms to include bid forms. General Electives Remaining hours in the degree program may be devoted to any subject area of interest to the student and approved by the supervising graduate faculty committee. change processing.Model Master’s Degree Program With Emphasis in Cost Engineering 7 of 7 November. Copyright 2003 AACE. liabilities of contracting parties. 9. Inc. 1990 Short-range planning Constructability Status reporting Schedule management Earned-value control Analysis. AGC. Credits are normally awarded for thesis work. 10. Contract Administration. Cost Engineering Survey or Research Project A master of science program will generally require a thesis. general conditions. these should be on a cost engineering subject. Special Topics in Cost Engineering. Whatever the requirements. or services are covered. claims. materials. incentive contracting.