Social and Behavioral Sciences Commons^™

Cost Estimating Certifications Offered By Professional Societies In The United States And Abroad, Donald S. Remer, Karen Ahle, Kevin Alley, John Silny, Karen Hsin, Elijah Kwitman, Allison Hutchings

All HMC Faculty Publications and Research

Many projects in industry and government go over budget and schedule. In most engineering economics courses, the emphasis is on how to compare alternatives and learn about time value of money and interest and inflation rates. The students are usually given the costs and asked to compare the alternatives. However, this is the easy part of the analysis. The hard part of real project evaluations is developing the cost and investment numbers to do the engineering economics analysis. In most engineering economic textbooks, there is at most one chapter on cost estimation. More and more companies and government organizations are …