ACEI has been basically formed to promote through education, scientific techniques and methods, the science of Cost Engineering and Cost Management comprising of multifarious activities such as Cost Estimation, Cost monitoring and Controls, Risk Analysis, Budgeting, Technology evaluations, Project economics and optimisation studies, project planning and time controls and other knowledge and skills in project Cost related activities. In a project life cycle ultimately, it is the cost – a resource is a cost, time is a cost, risk is a cost and even opportunity is a cost.

The organisation also proposes to provide forums and media through which the principles and techniques of cost engineering shall be reported, discussed and published. It also proposes to play a vital role in the cost management of the projects defining the road maps and necessary steps to estimate, monitor and control the cost of the projects.

ACE has a vital role in the cost management of projects. Giving road maps and necessary steps to monitor and control cost of projects are key aspects of ACE.”