Project Risk Academy

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

Summary: Have you ever reviewed a Cost Estimate of a project? Have you ever wondered what “Contingency” is in a Cost Estimate? Do you know why a contingency reserve/ fund is allocated to a cost estimate? Cost contingency is a reserved fund that is

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

(PDF) Risk Ranking for Tunnelling Construction Projects in Malaysia  ResearchGate

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

Summary: Have you ever been in a project that finished over budget, and nobody could explain exactly why? Have you ever seen a cost report in a project that only showed the budget versus the expenditures? Have you ever published, or seen a cost

Summary: Are you interested to know how you can become a Certified Cost Controller? Do you know what internationally recognized certifications are available in Cost Management? AACE International provides a variety of certifications in Cost Management including: Certified Cost Technician (CCT) Certified Cost Professional