AACE CEP Estimating Process and Practices

Estimating process and practices test how an estimate is built, reviewed, reconciled, and used. This domain is where estimating becomes a managed professional process rather than a spreadsheet exercise.

Study this chapter through the lens of governance. A credible estimate has a plan, inputs, methods, review steps, reconciliation, basis documentation, and management communication. It can support funding, value engineering, and project-control decisions because its assumptions and limits are visible.

In this section

• AACE CEP Estimate Review, Validation, and Reconciliation
  Study AACE CEP Estimate Review, Validation, and Reconciliation: key concepts, common traps, and exam decision cues.
• AACE CEP Value Engineering and Funding Recommendations
  Study AACE CEP Value Engineering and Funding Recommendations: key concepts, common traps, and exam decision cues.