27/7/2016 AACEInternationalMeetings/ConferencesAnnualMeeting2016AnnualMeetingTechnicalProgramAbstractsSKILLSANDKNOWLEDGEOF

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SKILLSANDKNOWLEDGEOFCOSTENGINEERING(SK)
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(SK2120)SkillsandKnowledgeofCostEngineering:ProjectCommunications
PrimaryAuthor:MrJosephA.LukasPECCPPMCentersUSA
Time/Location:SUN1:302:30/Chestnut(MezzanineLevel)

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Projectpersonnelinvolvedintotalcostmanagementspendconsiderabletimeworkingwithprojectstakeholdersanduseextensiveverbal
andwrittencommunications.Effectivecommunicationwithprojectstakeholdersisavitalelementtohelpensureprojectsuccess.
Thischapterexplainstheprojectcommunicationsprocesswithafocusontheproblemsintodaysworkenvironment.Theimportanceof
knowing your project stakeholders will be discussed, along with a proven method to analyze the importance and interest of the
stakeholders.Elementsofactivelisteningwillbecovered,includinggoodlisteninghabits.Howtoreadbodylanguagewillbeexplained.
Best practices for written communication will be covered along with the essential elements of a concise message. Finally, the keys to
makingvirtualteamsworkwillbediscussed.Implementingthesuggestionsinthischapterwillhelpyoubecomeabettercommunicator
onyourprojects.
(SK2121)SkillsandKnowledgeofCostEngineering:Pricing&Costing
PrimaryAuthor:MrRohitSinghP.EngCCPCenterraGold
Time/Location:WED9:4510:45/Chestnut(MezzanineLevel)
This chapter highlights the difference between pricing and costing. It is very important to distinguish between the terms price and
cost.Thereisaveryfinedifferencebetweenthem,whichiswhypeopleoftentendtousetheminterchangeably.Thischapterdiscusses
the concepts of pricing and costing of a project, illustrates the differences and helps the reader to identify the inputs, transforming
mechanismsandoutputsrelatedtothecostandpricingprocess.
(SK2124)SkillsandKnowledgeofCostEngineering:Scheduling
PrimaryAuthor:MrAnthonyJWerderitschPECCPCFCCAdministrativeControlsManagement,Inc
Time/Location:SUN2:453:45/Chestnut(MezzanineLevel)
Thefollowingchapterisanintroductionintotheskillsandknowledgeofscheduling.Schedulingincludestheconceptofupdating,logic,
and date processing, in accordance with the project execution plan that is a deliverable from the planning process (See Chapter 12,
Project Planning.) Scheduling provides a way of contributing input during project execution concerning means, methods, techniques,
sequences,orotherconditionsaffectingoutcomes.Itusesthebaselineestablishedinplanningandalignstheupdateofthescheduleasa
methodologyofupdatingandanalysistoallowforperiodicprogressandforecastreporting.Additionally,itestablishesabasisforchange
managementandprojectexecutioncontroltoachievesuccessfuloutcomes.
(SK2346)SkillsandKnowledgeofCostEngineering:Financial&CashFlowAnalysis
PrimaryAuthor:MrMarkTChenPECCPISTN
Time/Location:MON10:0011:00/Chestnut(MezzanineLevel)
Engineering decision making usually applies economic analysis to assist in the solution of substantial engineering problems where
economic aspects dominate over a considerable period of time. Using the time value of money, discount factors, and the principle of
equivalence, the economic costs of a problem can be modeled and evaluated. Those who have previously taken a basic financial
managementorengineeringeconomiccoursewillfindthismaterialarefresheroftheconceptsandbasictoolsoffinancialmathematics.
Thechapterprovidesareviewofthetimevalueofmoneytoassistintheperformanceofbasiccashflowanalysistosupporteconomic
and financial analyses that inform investment decisions. The use of these financial tools for decision making will be illustrated in
subsequentchapters.
(SK2347)SkillsandKnowledgeofCostEngineering:OverviewofConstructionClaims&Disputes
PrimaryAuthor:MrJohnCLivengoodCCPCFCCPSPNavigantConsulting
CoAuthor(s):MrJamesGZackJrCFCCNavigantConsulting,Inc.
Time/Location:SUN4:305:30/Chestnut(MezzanineLevel)
Claims (requests for additional time and/or money) are common on construction projects. Claims have grown around the world in the
past50years,andarenowamajorconstructionmanagementissue,oftenovershadowingontimeoronbudgetperformance.Theriseof
construction claims has been paralleled by the advent of stricter contracts, creation of dispute resolution alternatives, and in many
locations,ahardeningofowner/employerattitudestowardcontractorspleasforrelieffromdelays,changes/variationsinthework,site
conditions,etc.Nomemberoftheprojectteam,fromdesignerstoconstructionmanagers,tocontractors,toowners/employers,hasbeen
leftuntouchedbytheriseofclaims.Claims,leftunresolvedontheproject,mayresultinlegaldisputesinvolvingarbitrationorlitigation.

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27/7/2016 AACEInternationalMeetings/ConferencesAnnualMeeting2016AnnualMeetingTechnicalProgramAbstractsSKILLSANDKNOWLEDGEOF
Thischapterprovidesashortpresentationonthebasicsofhowandwhyclaimsdevelopwhatittakestomakeaclaimwhatittakesto
defendagainstaclaimhowsomeformsofprojectdeliverymethodsmayaffectthenumberandtypesofclaimsonprojectsandsome
suggestionstohelpavoid,minimize,andresolveclaims.Thischapteralsoprovidesanoverviewofthe various legal dispute resolution
venuesandforumsintheeventthatclaimsgounresolvedontheproject.

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