Inflation is a concept that often surfaces in discussions about prices and the economy. But what exactly is it, and why is it crucial for cost engineers? In this article, we will understand the fundamentals of inflation, explain how it’s calculated, highlight its effects on...
Cost engineers are often perceived as “numbers” people, working tirelessly within the confines of spreadsheets, calculations, and analytics. Their expertise in evaluating costs, forecasting budgets, and identifying savings is undeniably essential for organizations. But here’s the thing: their role is so much more than that. To...
Microsoft Excel remains one of the most essential tools for cost engineers. Whether you are conductingdetailed cost analyses, building cost models, or preparing reports, knowing the right Excel functions cansignificantly boost your efficiency and accuracy. Here are the top 10 Excel functions every cost engineershould...
I understand what you're going through because I've been in your shoes. You put in the hard work, you give everything you have to your job, but somehow, it feels like no one notices. You ask for recognition, and the response is, "There's still room...
ChatGPT says:"In an increasingly competitive global market, the need for more integrated approaches to costmanagement and process improvement has never been greater. Cost and Value StreamEngineering (CVSE) is a transformative methodology that blends Cost Engineering with theprinciples of Value Stream Mapping (VSM) and Value Stream...
In the world of product cost engineering, there’s one phrase I often hear: “I’m not a programmer.” This mindset stops many talented professionals from unlocking tools and skills that could revolutionize their careers. The truth is programming isn’t just for computer scientists anymore-it’s for anyone looking...
In the fast-paced and often rigid corporate world, it's easy to feel like you're constantly being asked to fit into a mold that doesn't quite align with who you are. Every company has its culture, its expectations, and its "unwritten rules," but what happens when...
An accountant, a financial analyst, and a cost estimator walk into a bar. They sit down on the stools at the counter. “What would you like to order?” asks the bartender. The accountant doesn’t answer the question but asks instead, “How much does your beer on tap...
Hey everyone! It’s Halloween week and I believe it is the perfect opportunity to talk about Leadership. First, let me introduce myself. I’m Simona Pappalardo, a former Fortune Top 200 Executive turned Leadership and Career Coach. My company, www.coachingwithSimona.com, is all about helping you navigate the...
As the demand for cost engineers continues to grow, understanding the academic backgrounds that hiring managers seek has become increasingly important. In a recent survey conducted by SPCEA, we explored the educational qualifications preferred by employers when hiring cost engineers. The results offer valuable insights...