What does AACE International stand for?
Association for the Advancement of Cost Engineering
AACE International (Association for the Advancement of Cost Engineering) was founded in 1956 by 59 cost estimators and cost engineers during the organizational meeting of the American Association of Cost Engineering at the University of New Hampshire in Durham, New Hampshire.
What is AACE recommended practice?
As a recommended practice (RP) of AACE International, the Cost Estimate Classification System provides guidelines for applying the general principles of estimate classification to project cost estimates (i.e., cost estimates that are used to evaluate, approve, and/or fund projects).
What is AACE program?
AACE is the organization focused on endocrinology, diabetes and metabolism that is most: Recognized worldwide for its clinical leadership. Valued by clinical endocrinologists and other healthcare professionals. Respected by healthcare decision-makers and the public.
What is AACE cost estimate?
What is a AACE Class 3 estimate?
10% to 40% of full project definition. End Usage: Class 3 estimates are typically prepared to support full project funding requests, and become the first of the project phase “control estimates” against which all actual costs and resources will be monitored for variations to the budget.
What does AACE stand for diabetes?
These 2015 clinical practice guidelines (CPGs) for developing a diabetes mellitus (DM) comprehensive care plan are an update of the 2011 American Association of Clinical Endocrinologists (AACE) Medical Guidelines for Clinical Practice for Developing a Diabetes Mellitus Comprehensive Care Plan.
How many levels of cost estimate are classified by the AACE International?
five estimate classes
Table 1 provides a summary of the characteristics of the five estimate classes. The maturity level of project definition is the sole determining (i.e., primary) characteristic of class.
What is a Class D budget?
Class “D” (Indicative) Estimate “Based upon a comprehensive statement of requirements, an outline of potential solutions and/or functional program, this estimate is to provide an indication of the final project cost that will enable ranking to be made for all the options being considered.
What medications are thiazolidinediones?
Oral tablet – There are two types of thiazolidinediones that are currently available: Pioglitazone (marketed as Actos) Rosiglitazone (marketed as Avandia). Combination pills containing pioglitazone and rosiglitazone along with other diabetes medications such as metformin are available.
What has type 2 diabetes mellitus previously been called?
Type 2 diabetes (T2D), formerly known as adult-onset diabetes, is a form of diabetes that is characterized by high blood sugar, insulin resistance, and relative lack of insulin. Common symptoms include increased thirst, frequent urination, and unexplained weight loss.
What is a Class C cost estimate?
Class ‘C’ Estimate: to be in elemental cost analysis format latest edition issued by the Canadian Institute of Quantity Surveyors and based on a comprehensive list of requirements and assumptions, including a full description of the preferred schematic design option, construction/design experience, and market …
What is a Class F estimate?
Class F estimates are known as “ballpark” estimates. This is a quick cost estimate prepared in the absence of design and cost information and is based on gross approximations. They may be acceptable when higher-level estimates are not possible due to insufficient time or incomplete information.
What are the recommended practices of AACE International?
The AACE International Recommended Practices (RPs) are intended to be the main technical foundation of our educational, and certification products and services. The RPs are a series of documents that contain valuable reference information that has been subject to a rigorous review process and recommended for use by the Technical Board.
What are the terms in AACE recommended practice 10s-90?
Any terms found in AACE Recommended Practice 10S-90, Cost Engineering Terminology, supersede terms defined in other AACE work products, including but not limited to, other recommended practices, the Total Cost Management Framework, and Skills & Knowledge of Cost Engineering.
What is the purpose of an AACE professional guidance document?
AACE International professional guidance documents (PGDs) provide roadmaps to improve use and understanding for collections of related recommended practices. They provide clarification on their purpose, function, context, and inter-relationships.
What are the RPS of the AACE Technical Board?
The RPs are a series of documents that contain valuable reference information that has been subject to a rigorous review process and recommended for use by the Technical Board. All RPs are available to AACE members free of charge.
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