About Draft RP RM-30, Cost Estimate Accuracy Range and Contingency Determination using Tables Derived from Parametric Risk Models:
This draft recommended practice defines a tabular, risk-driven method for establishing predetermined cost estimate accuracy range and contingency values based on industry parametric risk quantification models. In order to provide comment or access the draft, please join the Decision and Risk Management Subcommittee community. Also, select this link to be taken directly to the community post to comment on the draft RP. This draft RP is open for review and comment until May 15, 2021
AACE welcomes subcommittee review, comment, and dialog for recommended practices (RP) that are under development. The subcommittee review utilizes the knowledge of subject matter experts that have specific industry experience and perspective to help strengthen RP quality.
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 and can be accessed at the following link: https://web.aacei.org/resources/publications/reco...
Price: Members - FREE / Non-Members - $50
This draft recommended practice defines a tabular, risk-driven method for establishing predetermined cost estimate accuracy range and contingency values based on industry parametric risk quantification models. In order to provide comment or access the draft, please join the Decision and Risk Management Subcommittee community. Also, select this link to be taken directly to the community post to comment on the draft RP. This draft RP is open for review and comment until May 15, 2021
AACE welcomes subcommittee review, comment, and dialog for recommended practices (RP) that are under development. The subcommittee review utilizes the knowledge of subject matter experts that have specific industry experience and perspective to help strengthen RP quality.
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 and can be accessed at the following link: https://web.aacei.org/resources/publications/reco...
Price: Members - FREE / Non-Members - $50