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Significant professional bodies for electrical engineers include the Institute of Electrical and Electronics Engineers and the Institution of Engineering and Technology. The former claims to produce 30 percent of the world's literature on electrical engineering, has over 360,000 members worldwide and holds over 300 conferences annually.
In 2009, Porter and Chester Institute was awarded a School of Excellence Award from Accrediting Commission of Career Schools and Colleges (ACCSC). [3] In October 2014, the Westborough locations closed and moved to Worcester, Massachusetts. James Bologa is the President and Chief Executive Officer of Porter and Chester Institute.
Cost engineering is "the engineering practice devoted to the management of project cost, involving such activities as estimating, cost control, cost forecasting, investment appraisal and risk analysis". [1] "Cost Engineers budget, plan and monitor investment projects. They seek the optimum balance between cost, quality and time requirements." [2]
A problem with a cost overrun can be avoided with a credible, reliable, and accurate cost estimate. A cost estimator is the professional who prepares cost estimates. There are different types of cost estimators, whose title may be preceded by a modifier, such as building estimator, or electrical estimator, or chief estimator.
According to the U.S. Energy Information Administration (EIA), "Electricity prices generally reflect the cost to build, finance, maintain, and operate power plants and the electricity grid." Where pricing forecasting is the method by which a generator, a utility company, or a large industrial consumer can predict the wholesale prices of ...
It was founded in 1956 [1] by about 20 cost estimators in Los Angeles, California. [2] In 1974, there were 10 chapters totalling 600 members. By 1977, there were 23 chapters totalling 1500 members. The society's web page states that there are thousands [clarification needed] of members in 65 chapters across the US.
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