AACEI’s TCM vs PMI’s PMBOK

One of the things that drew me to WRENCH was its insistence on standardization. As someone who has long been immersed in PMI and AACE (the top two industry-wide standards of our time), I was delighted to meet someone who shared my view, namely, that standardization is perhaps the most overlooked yet most critical success …

Architectural comparison of TCM and PMBOK

Architecture refers 'carefully designed structure of something', and here it is about the Total Cost Management (TCM) framework. As the name suggests, the focus of TCM framework is cost management of projects and the deliverable of projects (assets). There lies the fundamental difference between the Project Management Body of Knowledge (PMBOK) by PMI, USA and …

The project management certification guide – 2019

It is cut throat competition out there in the certification arena. Every certification body wants to get a pie of the project management certification market. There are the established certification bodies which faces stiff competition from the new comers.   It is a red-ocean out there. The leaders of predictive project management want a share …

Total Cost Management Framework (TCM) by AACE and the Project Management Body of Knowledge (PMBOK) by PMI, a comparison #1

Past one month I was busy researching the Total Cost Management (TCM) framework by AACE. What differentiates TCM from PMBOK are the depth of the recommended practices (RPs) of TCM. These are the real project management practitioner's voice.  The recommended practices addresses the real life project management challenges from a practitioner's perspective, helping them to …