About this Recommended Practice:
This recommended practice provides guidelines for the structure and content of a cost basis of estimate, a document that’s identified by the Total Cost Management Framework (TCM) as a required component of a cost estimate. the Basis of Estimate (BOE) is characterized as the one deliverable that defines the scope of the project, and ultimately becomes the basis for change management. When prepared correctly, any person with capital project experience can use the BOE to understand and assess the estimate, independent of any other supporting documentation.
About AACE Recommended Practices:
The AACE International Recommended Practices (RPs) are a series of documents that contain valuable reference information that has been subject to a rigorous review process and recommended for use by the Technical Board. RPs are intended to be the main technical foundation of AACE educational, and certification products and services. All RPs are available to AACE members free of charge.
CEUs will not be available for this presentation.
This recommended practice provides guidelines for the structure and content of a cost basis of estimate, a document that’s identified by the Total Cost Management Framework (TCM) as a required component of a cost estimate. the Basis of Estimate (BOE) is characterized as the one deliverable that defines the scope of the project, and ultimately becomes the basis for change management. When prepared correctly, any person with capital project experience can use the BOE to understand and assess the estimate, independent of any other supporting documentation.
About AACE Recommended Practices:
The AACE International Recommended Practices (RPs) are a series of documents that contain valuable reference information that has been subject to a rigorous review process and recommended for use by the Technical Board. RPs are intended to be the main technical foundation of AACE educational, and certification products and services. All RPs are available to AACE members free of charge.
CEUs will not be available for this presentation.