AACE International Total Cost Management Framework: An Integrated Approach to Portfolio. Program. and Project Management

Total cost management (TCM) is the effective application of professional and technical expertise to plan and control resources costs profitability and risk. Simply stated TCM is a systematic approach to managing cost throughout the life cycle of any enterprise program facility project product or service. The TCM Framework is a representation of that systematic approach. The TCM Framework is a structured annotated process map that explains each practice area of the cost engineering field in the context of its relationship to the other practice areas including allied professions. It provides a process for applying the skills and knowledge of cost engineering. A key feature of the TCM Framework is that it highlights and differentiates the main cost management application areas: project control and strategic asset management. This second edition of the AACE International Total Cost Management Framework An Integrated Approach to Portfolio Program and Project Management offers enhanced proce