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Skills & Knowledge of Cost Engineering, 5th Edition, Revised
Skills & Knowledge
of Cost Engineering
Fifth Edition Revised
With New Appendix Listings
Edited by Dr. Scott J. Amos, PE
2007
 
A Special Publication
of
AACE International – the Association for the Advancement of Cost Engineering
SKILLS & KNOWLEDGE
OF
COST ENGINEERING
Fifth Edition, Revised
With New Appendix Listings
Edited by Dr. Scott Amos, PE
A continuing project of the AACE International Education Board
Education Board Members:
Mark T. Chen, PE CCE, Chair
Dr. Scott J. Amos, PE, Co-Chair and Editor
William R. Barry, CCE
Lawrence J. Bloch, ECCE
Brian D. Dunfield
M. Steven Franklin, CCE
Donald F. McDonald, Jr. PE CCE
Franklin D. Postula, PE CCE
Dr. Parviz F. Rad, PE CCE
Rohit Singh, CCE
Dr. George Stukhart, PE
Michael B. Pritchett, CCE
Sean T. Regan, CCE
Harry W. Jarnagan, PE CCE
Technical Production Staff:
Charla Miller, Staff Director Education and Administration
Marvin Gelhausen, Managing Editor
Cathie Falvey, Production Editor
Noah Kinderknecht, Graphic Designer
Robin Donley, IT/IM/Graphics Specialist
 
Support the AACE Education Fund
Net proceeds from the sale of this book go to the AACE Education Fund and support scholarship
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the AACE Education Fund are also welcome in any amount. Donations are tax deductible in both
the U.S. and Canada. Please make your checks payable to AACE and mail them to:
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SKILLS & KNOWLEDGE OF COST ENGINEERING
5th Edition Revised
Copyright © 1987, 1988, 1992, 1993, 1999, 2002, 2004, 2005, 2007
by
AACE International
209 Prairie Avenue, Suite 100, Morgantown, WV 26501 USA
Printed in the United States of America
Printing by:
ISBN: 1-885517-49-1
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CONTENTS
Preface
Dr. Scott J. Amos, PE
Dedication
Donald F. McDonald, Jr PE CCE
Acknowledgements
INTRODUCTION
Integration of Skills & Knowledge
of Cost Engineering
John K. Hollmann, PE CCE
SECTION 1—COST
1.
Cost Elements
Franklin D. Postula, PE CCE
2.
Pricing
Rohit Singh, PEng CCE
3.
Materials
Neil D. Opfer, CCE
4.
Labor
Morris E. Fleishman, PE CCE
5.
Engineering
Neil D. Opfer, CCE
6.
Equipment, Parts, and Tools
Dr. Carl C. Chrappa
7.
Economic Costs
Neil D. Opfer, CCE
8.
Activity-Based Cost Management
Gary Cokins
SECTION 2—COST ESTIMATING
9.
Estimating
Larry R. Dysert, CCC
10
Process Product
Manufacturing
Dr. Kenneth K. Humphreys, PE CCE
11.
Discrete Product
Manufacturing
Dr. Robert C. Creese, PE CCE
SECTION 3—PLANNING & SCHEDULING
12.
Planning
Jennifer Bates, CCE
13.
Scheduling
Anthony J. Werderitsch, PE CCE
SECTION 4—PROGRESS & COST CONTROL
14.
Progress Measurement and
Earned Value
Dr. Joseph J. Orczyk, PE CCE
15.
Earned Value for Variable
Budgets
Dr. Joseph J. Orczyk, PE CCE
16.
Tracking Cost and Schedule
Performance
Dr. Joseph J. Orczyk, PE CCE
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17.
Performance and Productivity
Management
Dr. James M. Neil, PE CCE
SECTION 5—PROJECT MANAGEMENT
18.
Project Management
Fundamentals
James A. Bent, CCC
19.
Project Organization Structure
James A. Bent, CCC
20.
Project Planning
James A. Bent, CCC
21.
Project Labor Cost Control
Dr. Joseph J. Orczyk, PE CCE
22.
Leadership and Management of Project
People
Dr. Ginger Levin
23.
Quality Management
Gary Cokins
24.
Value Analysis
Del L. Younker, CCC
25.
Contracting for Capital Projects
James G. Zack, Jr.
26.
Strategic Asset Management
John K. Hollmann, PE CCE
SECTION 6—ECONOMIC ANALYSIS
27.
Basic Engineering Economics
Dr. Scott J. Amos, PE
28. Applied Engineering Economics
Dr. Scott J. Amos, PE
SECTION 7—STATISTICS, PROBABILITY, & RISK
29.
Statistics & Probability
Dr. Elizabeth Y. Chen and
Mark T. Chen, PE CCE
30.
Basic Concepts in
Descriptive Statistics
Dr. Frederick B. Muehlhausen
31.
Risk Management
Allen C. Hamilton, CCE
APPENDICES
A.
Glossary of Terms
B.
International System of Units
C.
Estimating Reference Material
D.
RP 11R-88—Required Skills and Knowledge of a Cost Engineer
E.
RP 17R-97—Cost Estimate Classification System
F.
RP 18R-97—Cost Estimate Classification System—As Applied in
Engineering, Procurement, and Construction for the Process Industries
G.
RP 21R-98—Project Code of Accounts—As Applied in Engineering,
Procurement, and Construction for the Process Industries
H.
Proposed Scope Graphic for PSP
J.
Membership Information (Introduction, Application, Canon of Ethics)
AUTHOR INDEX
 

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