Applied Cost Engineering

This thoroughly rewritten and updated third edition offers comprehensive coverage of cost engineering, emphasizing capital projects and focusing on both estimating and cost control. Maintaining and enhancing the style of presentation that made the previous editions so popular, Applied Cost Engineering, Third Edition furnishes an entirely new and cost-effective approach to estimating and controlling contingency, a new chapter on systems and computer applications, a new chapter on bulk material control, expanded coverage of the factors that affect estimate accuracy, an introduction to the novel concept of estimate and schedule classification, additional end-of-text case studies, and much more.

P This thoroughly rewritten and updated third edition offers comprehensive coverage of cost engineering, emphasizing capital projects and focusing on both estimating and cost control. Maintaining and enhancing the style of presentation that made the previous editions so popular, Applied Cost Engineering, Third Edition furnishes an entirely new and cost-effective approach to estimating and controlling contingency, a new chapter on systems and computer applications, a new chapter on bulk material control, expanded coverage of the factors that affect estimate accuracy, an introduction to the novel concept of estimate and schedule classification, additional end-of-text case studies, and much more. /P

This work outlines a state-of-the-art project control and trending programme, focusing on advanced applied-cost and schedule-control skills for all phases of a project at both owner and contractor level. It contains information on the three major aspects of the total project programme: the techniques and procedures utilized for a project; the exper

Making the specifics of a complex concern accessible and its handling quite manageable, this fourth edition of the Project and Cost Engineers' Handbook examines the variables associated with international projects and project risk analysis. It provides instruction on contingency planning, delves into ethical considerations, considers the imp

This work focuses on the application of fundamental cost engineering principles to the capital and operating costs estimation of major projects. It provides detailed coverage of profitability, risk, and sensitivity analysis. This third edition: discusses novel strategies for calculating preliminary estimates using MasterFormat; presents new information on estimating the retrofitting and extension of existing plants; contains current international cost data; and more.;A solutions manual is available to instructors only.

Offers coverage of each important step in engineering cost control process, from project justification to life-cycle costs. The book describes cost control systems and shows how to apply the principles of value engineering. It explains estimating methodology and the estimation of engineering, engineering equipment, and construction and labour costs

This work focuses on the application of fundamental cost engineering principles to the capital and operating costs estimation of major projects. It provides detailed coverage of profitability, risk, and sensitivity analysis. This third edition: discusses novel strategies for calculating preliminary estimates using MasterFormat; presents new informa

Parametric cost estimating models are flexible tools which bring engineering, scientific and mathematical rigour to cost and schedule estimating, but great tools alone will not keep programs affordable. Tools must be applied as part of a credible process if estimates and analyses are to be accepted. Complex major projects involving engineering, hardware, software, service and IT, all suffer from two basic problems: the project sponsors often struggle to specify the project effectively, and project managers find themselves wrestling with unpredicted cost or schedule overruns. Everyone wants to be successful with the tools and solutions they use, so this book is a comprehensive collection of methods with proven success. The applications described by Dale Shermon and his co-authors have evolved over 30 years of cost engineering experience during which time they have been matured by the parametric community. Each chapter explores a different application of parametrics, based on real-life case examples, providing you with a detailed guide to the rationale and value of cost engineering in a different industry or program context. Systems Cost Engineering will help cost engineers, project and program directors, and the champions that support them, to understand and apply parametrics to ensure that their programs: * offer a credible analysis of alternative cost options * are never initiated with insufficient funding because of inaccurate estimates of cost or quantification of risks * are never diverted from their objective because of a lack of credible cost management * share and communicate knowledge of realistic and dynamic cost and productivity metrics amongst the program team * are never derailed by surprise cost overruns or schedule delays The information in this book will give projects sponsors and bid managers confidence in the business case that they are developing and enable them to communicate a clear and transparent picture of the risks, opportunities and benefits to stakeholders and project owners.