Cost Engineering

Every project has three goals. The first is completion, getting the job done on time, or in time. The second is Economy achieving projected returns or staying within budget in the process. The last but not least is customers satisfaction. Success comes when not one or two but all of these goals are realized.

SMCSE Cost Engineering / Engineering Economy practice groups provide expertise in four major areas for the achievement of three basic goals of a project, esp. economy.

I. PROJECT PLANNING

· Technical Scope Development
· Cost Estimating
· Money � Time Relationships
· Schedule Management / Work Plan
· Value Engineering / Analysis

II. PROJECT MANAGEMENT

· Project Control
· Change Control
· Risk Analysis
· Forecasting
· Life Cycle Cost Analysis / Replacement Analysis

III. POST- PROJECT ANALYSIS

· Model Development
· Benchmarking

IV. PROGRAM MANAGEMENT

· Total Cost Management
· Ongoing Process and Productivity Improvements
· Budget Development