AACE Skills and Knowledge of Cost Engineering

AACE Skills and Knowledge of Cost Engineering refer to the expertise required to accurately estimate, control, and analyze project costs throughout its lifecycle. This includes understanding how to develop budgets, assess financial risks, manage resources efficiently, and ensure projects stay within financial limits. It combines technical knowledge, analytical abilities, and industry standards to support decision-making, optimize investments, and achieve project objectives while minimizing unnecessary expenses. Overall, it’s about applying professional tools and methods to ensure projects are completed successfully within their financial boundaries.