RRM Archive

Summary: Do you know what certifications in project risk management are available? Are you interested to know how you can become a certified risk management professional? There are two internationally recognized certifications in project risk management that I highly recommend you to consider if you are a project risk management practitioner or you perform cost

Imagine that you are asked to estimate the total cost of a project. You have measured the quantities, and estimated the cost and price of each resource required for executing the scope of the project. After all the hard work that you have put into developing the cost estimate, you are asked how confident you

Summary: There are plenty of tools available today for Project Controllers to help them better manage and control projects. As technology evolves, more tools become available for use. This can become overwhelming as to what tool to choose from for controlling projects. Sometimes, finding and selecting the right tool is a project of its own

Summary: Are you interested to know what internationally recognized certifications are available in Cost Estimating? There are several Cost Estimating associations that provide a variety of Cost Estimating certifications: ICEAA’s Professional Cost Estimator/ Analyst (PCEA®) AACE’s Certified Estimating Professional (CEP) ASPE’s Certified Professional Estimator (CPE) ICEAA’s Certified Cost Estimator/ Analyst (CCEA®) Watch this video to

How to succeed in Cost Estimating?! This is a question that can be best answered by a senior cost estimator. I conducted an interview with Ramani Sundaram, a senior cost estimator with 25+ years experience, to share his experience as a cost estimator and provide his insights on Cost Estimating. Before I go to the

According to Wikipedia.org, “Changes in the cost or price of specific goods or services in a given economy over a period of time is defined as “Cost Escalation” [1]. Very often, the common question from an owner to an estimator is “Is your estimate in current dollars or escalated dollars?” Any cost estimate is a

Summary: I get this question a lot, “What is the Difference Between Project Controls and Project Management?”. I believe there are 3 key differences between Project Management and Project Controls: 1- Project Control is a subset of Project Management with the primary focus of managing the project’s cost and schedule. 2- Project Manager is directing the