AACE Recommended Practice

AACE Recommended Practice refers to guidelines created by the Association for the Advancement of Cost Engineering, which provide best practices in cost management, project control, and related disciplines. These recommendations help professionals in industries like construction and engineering to plan and manage projects more effectively. By following these guidelines, organizations can improve accuracy in budgeting, schedule management, and risk assessment, leading to better project outcomes and increased efficiency. Essentially, they serve as a roadmap for managing costs and resources throughout the lifecycle of a project.