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・ Costa Favolosa
・ Cost accrual ratio
・ Cost allocation
・ Cost analyst
・ Cost approach
・ Cost auditing
・ Cost basis
・ Cost center
・ Cost centre (business)
・ Cost competitiveness of fuel sources
・ Cost contingency
・ Cost curve
・ Cost database
・ Cost driver
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Cost engineering
・ Cost escalation
・ Cost estimate
・ Cost estimation in software engineering
・ Cost estimation models
・ Cost externalizing
・ Cost function
・ COST Hata model
・ Cost leadership
・ Cost model
・ Cost object
・ Cost of attendance
・ Cost of capital
・ Cost of carry
・ Cost of conflict


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Cost engineering : ウィキペディア英語版
Cost engineering
"Cost engineering () the engineering practice devoted to the management of project cost, involving such activities as estimating, cost control, cost forecasting, investment appraisal and risk analysis."〔"Provoc - Glossary of Common Project Control Terms," The Association of Cost Engineers (ACostE), http://www.acoste.org.uk〕 "Cost Engineers budget, plan and monitor investment projects. They seek the optimum balance between cost, quality and time requirements."〔"Home - DACE," Dutch Association of Cost Engineers, http://www.dace.nl/〕
Skills and knowledge of Cost Engineers are similar to those of Quantity Surveyors.
A cost engineer is "an engineer whose judgment and experience are utilized in the application of scientific principles and techniques to problems of estimation; cost control; business planning and management science; profitability analysis; project management; and planning and scheduling."〔''AACE International Recommended Practice No. 10S-90, COST ENGINEERING TERMINOLOGY, TCM Framework: General Reference'', AACE, 2010, pg 24〕
== Overview ==
One key objective of cost engineering is to arrive at accurate cost estimates and schedules and to avoid cost overruns and schedule slips. Cost engineering goes beyond preparing cost estimates and schedules by helping manage resources and supporting assessment and decision making. "The discipline of ‘cost engineering’ can be considered to encompass a wide range of cost-related aspects of engineering and programme management, but in particular cost estimating,cost analysis/cost assessment, design-to-cost, schedule analysis/planning and risk assessment."〔David Greves & Herve Joumier, "Cost Engineering for Cost-Effective Space Programmes," esa bulletin 115 - august 2003, pg1〕 The broad array of cost engineering topics represent the intersection of the fields of project management, business management, and engineering. Most people have a limited view of what engineering encompasses. The most obvious perception is that engineering addresses technical issues such as the physical design of a structure or system. However, beyond the physical manifestation of a design of a structure or system (for example, a building), there are other dimensions to consider such as the money, time, and other resources that were invested in the creation of the building. Cost engineers refer to these investments collectively as "costs".
Cost engineering, then, can be considered an adjunct of traditional engineering. It recognizes and focuses on the relationships between the physical and cost dimensions of whatever is being "engineered". Cost engineering is most often taught at universities as part of construction engineering, engineering management, civil engineering, and related curricula because it is most often practiced on engineering and construction capital projects. Engineering economics is a core skill and knowledge area of cost engineering.
AACE International "is dedicated to the tenets of furthering the concepts of Total Cost Management and Cost Engineering. Total Cost Management is the effective application of professional and technical expertise to plan and control resources, costs, profitability and risk. Simply stated, it is a systematic approach to managing cost throughout the life cycle of any enterprise, program, facility, project, product or service. This is accomplished through the application of cost engineering and cost management principles, proven methodologies and the latest technology in support of the management process. ... Total Cost Management is that area of engineering practice where engineering judgment and experience are utilized in the application of scientific principles and techniques to problems of business and program planning; cost estimating; economic and financial analysis; cost engineering; program and project management; planning and scheduling; and cost and schedule performance measurement and change control. In summary, the list of practice areas ... are collectively called cost engineering; while the “process” through which these practices are applied is called total cost management or TCM.〔John K. Hollmann, PE CCE, ''AACE International Recommended Practice No. 11R-88, REQUIRED SKILLS AND KNOWLEDGE OF COST ENGINEERING, TCM Framework: General Reference'', AACE, 2010, pg 2〕

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