AACE International Transactions

AACE International Transactions refer to the formal process of recording and managing financial and contractual exchanges within project management, especially for cost and schedule control. This includes documenting purchase orders, change orders, project cost updates, and other financial activities to ensure transparency, accuracy, and proper control over project finances. These transactions help project teams track progress, allocate resources effectively, and maintain accountability. Essentially, they are the official records that verify and communicate the financial status and changes related to a project, supporting informed decision-making and adherence to budgets and schedules.