About Recommended Practice
As a recommended practice (RP) of AACE
International, this document suggests a code of accounts (COA)
for projects in the environmental remediation (ER) industries.
While some systems exist, this RP provides a comprehensive list
of cost elements unique to the life cycle of ER projects and
A COA is typically implemented early in a
project, as a cost coding structure, and is used for the
duration of a project. This coding structure is an
organizational and accounting tool made up of an alpha and/or
numeric set of values which are assigned to every item within a
schedule or budget. These unique identifiers, designated by a
corporate and/or industry standard, remain constant through the
life of the project and across the organization. This coding
structure is then used to support project and program
management in the development, collection, organization, and
reporting of project data.
In the ER industry, the benefit of a
standardized COA is significant for effective project and
program management. Examples of how a COA can benefit are
demonstrated early when initial costs are estimated. COAs, when
used to organize cost, support the development of a project
baseline, and provide a means to monitor for variations/trends
as the project develops. Also, when reviewing projects, the
ability to identify unique elements within a project is
increased. As an example, and assuming the project COA is so
coded, worker categories such as a radiation technician or
technology types such as a geomembrane liner, can be quickly
identified wherever it may occur in the project schedule or
budget. The intent of this RP is to provide a recommendation
for a standardized code of accounts for the environmental
remediation industries promoting benefits such as project cost
sharing, metrics, measurements.
About AACE Recommended
The AACE International Recommended Practices
(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. RPs are
intended to be the main technical foundation of AACE
educational, and certification products and services. All RPs
are available to AACE members free of charge.
NOTE: The webinar is free to members, but there is a
fee for nonmembers. CEUs will be awarded to both members and
nonmembers. You will need to create an AACE International
account prior to registering if you do not already have one.
Click here to create an AACE account.