AACE International Recommended Practices

TABLE OF CONTENTS

June 18, 2013 Revision Date April 25, 2013

AACE International Recommended Practice No. 10S-90 COST ENGINEERING TERMINOLOGY TCM Framework: General Reference (All Sections) AACE International Recommended Practice No. 11R-88 REQUIRED SKILLS AND KNOWLEDGE OF COST ENGINEERING TCM Framework: General Reference (All Sections) AACE International Recommended Practice No. 12R-89 MODEL MASTERS DEGREE PROGRAM WITH EMPHASIS IN COST ENGINEERING TCM Framework: General Reference AACE International Recommended Practice No. 13S-90 RECOMMENDED METHOD FOR DETERMINING BUILDING AREA TCM Framework: 7.3 Cost Estimating and Budgeting AACE International Recommended Practice No. 14R-90 RESPONSIBILITY AND REQUIRED SKILLS FOR A PROJECT PLANNING AND SCHEDULING PROFESSIONAL TCM Framework: General Reference 7.2 Schedule Planning and Development AACE International Recommended Practice No. 15R-81 PROFITABILITY METHODS TCM Framework: 3.3 Investment Decision Making 6.1 Asset Performance Assessment AACE International Recommended Practice No. 16R-90 CONDUCTING TECHNICAL AND ECONOMIC EVALUATIONS AS APPLIED FOR THE PROCESS AND UTILITY INDUSTRIES TCM Framework: 3.2 Asset Planning 3.3 Investment Decision Making AACE International Recommended Practice No. 17R-97 COST ESTIMATE CLASSIFICATION SYSTEM TCM Framework: 7.3 Cost Estimating and Budgeting AACE International Recommended Practice No. 18R-97 COST ESTIMATE CLASSIFICATION SYSTEM AS APPLIED IN ENGINEERING, PROCUREMENT, AND CONSTRUCTION FOR THE PROCESS INDUSTRIES TCM Framework: 7.3 Cost Estimating and Budgeting AACE International Recommended Practice No. 19R-97 ESTIMATE PREPARATION COSTS AS APPLIED FOR THE PROCESS INDUSTRIES TCM Framework: 7.3 Cost Estimating and Budgeting
Copyright AACE International

June 18, 2013

November, 1990

November, 1990

September 19, 2006

July 16, 2008

April 1991

November 29, 2011

November 29, 2011

June 19, 1998

AACE International Recommended Practices

Table of Contents

2 of 6 June 18, 2013

AACE International Recommended Practice No. 20R-98 PROJECT CODE OF ACCOUNTS TCM Framework: 7.1 Project Scope and Execution Strategy Development 7.2 Schedule Planning and Development 7.3 Cost Estimating and Budgeting AACE International Recommended Practice No. 21R-98 PROJECT CODE OF ACCOUNTS AS APPLIED IN ENGINEERING, PROCUREMENT, AND CONSTRUCTION FOR THE PROCESS INDUSTRIES TCM Framework: 7.1 Project Scope and Execution Strategy Development 7.2 Schedule Planning and Development 7.3 Cost Estimating and Budgeting AACE International Recommended Practice No. 22R-01 DIRECT LABOR PRODUCTIVITY MEASUREMENT AS APPLIED IN CONSTRUCTION AND MAJOR MAINTENANCE PROJECTS TCM Framework: 9.2 Progress and Performance Measurement AACE International Recommended Practice No. 23R-02 IDENTIFICATION OF ACTIVITIES TCM Framework: 7.2 Schedule Planning and Development AACE International Recommended Practice No. 24R-03 DEVELOPING ACTIVITY LOGIC TCM Framework: 7.2 Schedule Planning and Development AACE International Recommended Practice No. 25R-03 ESTIMATING LOST LABOR PRODUCTIVITY IN CONSTRUCTION CLAIMS TCM Framework: 6.4 Forensic Performance Assessment AACE International Recommended Practice No. 27R-03 SCHEDULE CLASSIFICATION SYSTEM TCM Framework: 7.2 Schedule Planning and Development AACE International Recommended Practice No. 28R-03 DEVELOPING LOCATION FACTORS BY FACTORING AS APPLIED IN ARCHITECTURE, ENGINEERING, PROCUREMENT, AND CONSTRUCTION TCM Framework: 7.3 Cost Estimating and Budgeting 10.4 Project Historical Database Management AACE International Recommended Practice No. 29R-03 FORENSIC SCHEDULE ANALYSIS TCM Framework: 6.4 Forensic Performance Assessment AACE International Recommended Practice No. 30R-03 IMPLEMENTING PROJECT CONSTRUCTABILITY TCM Framework: 11.5 Value Management & Value Improving Practices (VIPs)

January 27, 2003

January 27, 2003

April 26, 2004

May 3, 2007

March 26, 2004

April 13, 2004

November 12, 2010

October 19, 2006

April 25, 2011

May 20, 2009

Copyright AACE International

AACE International Recommended Practices

Table of Contents

3 of 6 June 18, 2013

AACE International Recommended Practice No. 31R-03 REVIEWING, VALIDATING, AND DOCUMENTING THE ESTIMATE TCM Framework: 7.3 Cost Estimating and Budgeting AACE International Recommended Practice No. 32R-04 DETERMINING ACTIVITY DURATIONS TCM Framework: 7.2 Schedule Planning and Development AACE International Recommended Practice No. 34R-05 BASIS OF ESTIMATE TCM Framework: 7.3 Cost Estimating and Budgeting AACE International Recommended Practice No. 36R-08 DEVELOPMENT OF COST ESTIMATE PLANS AS APPLIED IN ENGINEERING, PROCUREMENT, AND CONSTRUCTION FOR THE PROCESS INDUSTRIES TCM Framework: 7.3 Cost Estimating and Budgeting AACE International Recommended Practice No. 37R-06 SCHEDULE LEVELS OF DETAIL AS APPLIED IN ENGINEERING, PROCUREMENT, AND CONSTRUCTION TCM Framework: 7.2 Schedule Planning and Development AACE International Recommended Practice No. 38R-06 DOCUMENTING THE SCHEDULE BASIS TCM Framework: 7.2 Schedule Planning and Development AACE International Recommended Practice No. 39R-06 PROJECT PLANNING AS APPLIED IN ENGINEERING AND CONSTRUCTION FOR CAPITAL PROJECTS TCM Framework: 3.1 Requirements Elicitation and Analysis 3.2 Asset Planning 4.1 Project Implementation 7.1 Project Scope and Execution Strategy Development 7.2 Schedule Planning and Development 7.3 Cost Estimating and Budgeting 7.4 Resource Planning 7.5 Value Analysis and Engineering 7.6 Risk Management 7.7 Procurement Planning 8.1 Project Control Plan Implementation AACE International Recommended Practice No. 40R-08 CONTINGENCY ESTIMATING GENERAL PRINCIPLES TCM Framework: 7.6 Risk Management AACE International Recommended Practice No. 41R-08 RISK ANALYSIS AND CONTINGENCY DETERMINATION USING RANGE ESTIMATING TCM Framework: 7.6 Risk Management

May 12, 2009

January 14, 2012

April 4, 2013

June 12, 2009

March 20, 2010

June 18, 2009

December 8, 2011

June 25, 2008

October 27, 2008

Copyright AACE International

AACE International Recommended Practices

Table of Contents

4 of 6 June 18, 2013

AACE International Recommended Practice No. 42R-08 RISK ANALYSIS AND CONTINGENCY DETERMINATION USING PARAMETRIC ESTIMATING TCM Framework: 7.6 Risk Management AACE International Recommended Practice No. 43R-08 RISK ANALYSIS AND CONTINGENCY DETERMINATION USING PARAMETRIC ESTIMATING EXAMPLE MODELS AS APPLIED FOR THE PROCESS INDUSTRIES TCM Framework: 7.6 Risk Management (Microsoft Excel models included in downloadable product and at www.aacei.org) AACE International Recommended Practice No. 44R-08 RISK ANALYSIS AND CONTINGENCY DETERMINATION USING EXPECTED VALUE TCM Framework: 7.6 Risk Management AACE International Recommended Practice No. 45R-08 SCHEDULING CLAIMS PROTECTION METHODS TCM Framework: 6.4 Forensic Performance Assessment 7.2 Schedule Planning and Development 8.1 Project Control Plan Implementation AACE International Recommended Practice No. 46R-11 REQUIRED SKILLS AND KNOWLEDGE OF PROJECT COST ESTIMATING TCM Framework: General Reference 7.3 Cost Estimating and Budgeting AACE International Recommended Practice No. 47R-11 COST ESTIMATE CLASSIFICATION SYSTEM AS APPLIED IN THE MINING AND MINERAL PROCESSING INDUSTRIES TCM Framework: 7.3 Cost Estimating and Budgeting AACE International Recommended Practice No. 48R-06 SCHEDULE CONSTRUCTABILITY REVIEW TCM Framework: 7.2 Schedule Planning and Development 11.5 Value Management & Value Improving Practices (VIPs) AACE International Recommended Practice No. 49R-06 IDENTIFYING THE CRITICAL PATH TCM Framework: 7.2 Schedule Planning and Development 9.2 Progress and Performance Measurement 10.1 Project Performance Assessment 10.2 Forecasting AACE International Recommended Practice No. 52R-06 TIME IMPACT ANALYSIS AS APPLIED IN CONSTRUCTION TCM Framework: 6.4 Forensic Performance Assessment 7.2 Schedule Planning and Development 10.2 Forecasting 10.3 Change Management

May 26, 2011

December 28, 2011

December 4, 2012

June 1, 2009

January 16, 2013

July 6, 2012

August 28, 2009

March 5, 2010

October 19, 2006

Copyright AACE International

AACE International Recommended Practices

Table of Contents

5 of 6 June 18, 2013

AACE International Recommended Practice No. 53R-06 SCHEDULE UPDATE REVIEW AS APPLIED IN ENGINEERING, PROCUREMENT, AND CONSTRUCTION TCM Framework: 9.2 Progress and Performance Measurement 10.3 Change Management AACE International Recommended Practice No. 54R-07 RECOVERY SCHEDULING AS APPLIED IN ENGINEERING, PROCUREMENT, AND CONSTRUCTION TCM Framework: 10.2 Forecasting 10.3 Change Management AACE International Recommended Practice No. 55R-09 ANALYZING S-CURVES TCM Framework: 10.1 Project Performance Assessment AACE International Recommended Practice No. 56R-08 COST ESTIMATE CLASSIFICATION SYSTEM AS APPLIED FOR THE BUILDING AND GENERAL CONSTRUCTION INDUSTRIES TCM Framework: 7.3 Cost Estimating and Budgeting AACE International Recommended Practice No. 57R-09 INTEGRATED COST AND SCHEDULE RISK ANALYSIS USING MONTE CARLO SIMULATION OF A CPM MODEL TCM Framework: 7.6 Risk Management AACE International Recommended Practice No. 58R-10 ESCALATION ESTIMATING PRINCIPLES AND METHODS USING INDICES TCM Framework: 7.3 Cost Estimating and Budgeting 7.6 Risk Management AACE International Recommended Practice No. 59R-10 DEVELOPMENT OF FACTORED COST ESTIMATES AS APPLIED IN ENGINEERING, PROCUREMENT, AND CONSTRUCTION FOR THE PROCESS INDUSTRIES TCM Framework: 7.3 Cost Estimating and Budgeting AACE International Recommended Practice No. 60R-10 DEVELOPING THE PROJECT CONTROLS PLAN TCM Framework: 8.1 Project Control Plan Implementation AACE International Recommended Practice No. 62R-11 RISK ASSESSMENT: IDENTIFICATION AND QUALITATIVE ANALYSIS TCM Framework: 7.6 Risk Management AACE International Recommended Practice No. 63R-11 RISK TREATMENT TCM Framework: 7.6 Risk Management AACE International Recommended Practice No. 64R-11 CPM SCHEDULE RISK MODELING AND ANALYSIS: SPECIAL CONSIDERATIONS TCM Framework: 7.6 Risk Management

August 14, 2008

November 19, 2010

November 10, 2010

December 5, 2012

June 18, 2011

May 25, 2011

June 18, 2011

December 21, 2011

May 11, 2012

August 23, 2012

May 2, 2012

Copyright AACE International

AACE International Recommended Practices

Table of Contents

6 of 6 June 18, 2013

AACE International Recommended Practice No. 65R-11 INTEGRATED COST AND SCHEDULE RISK ANALYSIS AND CONTINGENCY DETERMINATION USING EXPECTED VALUE TCM Framework: 7.6 Risk Management AACE International Recommended Practice No. 66R-11 SELECTING PROBABILITY DISTRIBUTION FUNCTIONS FOR USE IN COST AND SCHEDULE RISK SIMULATION MODELS TCM Framework: 7.6 Risk Management AACE International Recommended Practice No. 68R-11 ESCALATION ESTIMATING USING INDICES AND MONTE CARLO SIMULATION TCM Framework: 7.6 Risk Management AACE International Recommended Practice No. 69R-12 COST ESTIMATE CLASSIFICATION SYSTEM AS APPLIED IN ENGINEERING, PROCUREMENT, AND CONSTRUCTION FOR THE HYDROPOWER INDUSTRY TCM Framework: 7.3 Cost Estimating and Budgeting AACE International Recommended Practice No. 71R-12 REQUIRED SKILLS AND KNOWLEDGE OF DECISION AND RISK MANAGEMENT TCM Framework: General Reference 3.3 Investment Decision Making 7.6 Risk Management AACE International Recommended Practice No. 72R-12 DEVELOPING A PROJECT RISK MANAGEMENT PLAN TCM Framework: 7.6 Risk Management

May 2, 2012

August 24, 2012

May 2, 2012

January 25, 2013

June 17, 2013

April 25, 2013

Copyright AACE International

AACE International Recommended Practices