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THIS IS NOT A BOOK OR CD-ROM. YOU WILL NOT RECEIVE IT IN THE MAIL. This product is the downloadable version, which can only be downloaded by Individuals, therefore it is not recommended to be purchased by organizations.

A paperback version of this publication is available through CreateSpace


TCM Framework:An Integrated Approach to Portfolio, Program and Project Management, 2nd Edition
H. Lance Stephenson, CCP FAACE, Editor
AACE International, 2015


A continuing project of the AACE International Technical Board.

Total cost management (TCM) is the effective application of professional and technical expertise to plan and control resources, costs, profitability and risk. Simply stated, TCM is a systematic approach to managing cost throughout the life cycle of any enterprise, program, facility, project, product or service. The TCM Framework is a representation of that systematic approach.

The TCM Framework is a structured, annotated process map that explains each practice area of the cost engineering field in the context of its relationship to the other practice areas including allied professions. It provides a process for applying the skills and knowledge of cost engineering. A key feature of the TCM Framework is that it highlights and differentiates the main cost management application areas: project control and strategic asset management.

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