Total Cost Management (TCM) Framework
An Integrated Approach to Project, Program, and Portfolio Management

What Is the Total Cost Management Framework?

The Total Cost Management Framework is a structured approach developed by AACE International to manage cost across the full life cycle of projects, programs, and enterprises. The TCM Framework connects estimating, planning, scheduling, and cost control to support consistent, informed decision-making.

How the TCM Framework Integrates with Cost Engineering Practices

The Total Cost Management Framework integrates cost engineering practices within a unified system that links planning, estimating, forecasting, and performance measurement. The TCM Framework aligns these disciplines with project management and risk management, helping organizations maintain consistency and adaptability across different project types and scales.

Frequently Asked Questions About the TCM Framework

Is the Total Cost Management Framework applicable to both small and large-scale projects?

The Framework is designed to be scalable and flexible, allowing organizations to apply its principles to projects of any size or complexity. Processes can be tailored to match the scope, risk profile, and organizational structure without compromising consistency or governance.

Does the TCM Framework align with other project management standards like PMI or ISO?

The Framework complements widely recognized standards such as PMI and ISO. It provides detailed cost-focused processes that integrate seamlessly with broader project and quality management systems, strengthening alignment between cost control, performance measurement, and organizational objectives.

Are there training programs or certifications that specifically focus on applying the TCM Framework?

AACE International supports the Framework through professional development resources, recommended practices, and certifications focused on cost engineering and Total Cost Management principles. These programs help practitioners apply the Framework consistently while advancing professional competency and industry best practices.