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31.05.2016

National Association of Construction Engineering Consultants (NACEC) Received a Special Award from International Association for the Advancement of Cost Engineering

 

PRESS-RELEASE

 

 

National Association of Construction Engineering Consultants (NACEC) Received a Special Award from International Association for the Advancement of Cost Engineering

On May 25-27 experts from National Association of Construction Engineering Consultants (NACEC) participated in the workshop hosted by International Association for the Advancement of Cost Engineering (AACE International) for the first time in Russia.

 

 

  

 

 

 

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The main objective of the workshop was to discuss not only contemporary tools of cost management but a series of case studies where the AACE cost management standard was used. The workshop was opened by Alexander Tsvetkov, Director General of PMSOFT Group of Companies. He noted that AACE Greater Russia Section is developing momentum and today it numbers about 150 professionals. “Initially we mastered the use of such tools as investment project execution schedules, and today we came to grips with implementing the Total Cost Management Framework in Russia”, emphasized Alexander Tsvetkov.

 

Julie Owen, AACE International President, delivered a report on key processes of global Total Cost Management Framework. Later she presented a detailed case study on establishing a Project Management Office in the process of restructuring the work of Los Angeles Metropolitan Transportation Authority. Aldo Mattos, AACE Regional Director (South America) presented a report on cost control practices in executing the project to prepare for 2014 FIFA World Cup in Brazil. Besides, the workshop was also devoted to discussing such topics as synergy between cost estimation, project control and benchmarking, and to discussing the experience of applying principles of cost engineering in executing megaprojects (Chevron experience). Not only representatives of foreign companies, but managers of big Russian industrial holding companies (RusHydro JSC, SIBUR JSC, GazpromNeft JSC, and some others) shared their experience on executing investment projects and implementing principles of cost engineering. A report on implementing Multi-D technology at all lifecycle stages of large-scale capital projects was presented by Vyacheslav Alenkov, Director for System Engineering at NIAEP-ASE JSC.

 

During the workshop, prizes were awarded for substantial contribution to the development of cost engineering and project management principles in Russia. National Association of Construction Engineering Consultants (NACEC) was one of the first to receive an award. Gennady Sakharov, NACEC President, Director on Capital Investments of Rosatom State Corporation, Director of Branch Centre of the Capital Construction of Rosatom, officially received an honorary prize – a laureate wreath and a book (Total Cost Management Framework) signed by the authors. Gennady Sakharov thanked the workshop participants for the award and noted that “no strong company can be successful today without project management in place”. He also mentioned that since NACEC is actively working in international markets, it means that personnel certification and appraisal systems based on the cost engineering framework are particularly essential today.

 

 

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