AACE National Conference in IITM Indian Institute of Technology Madras - brochure Blog post link: http://bit.ly/2prS1NG

1. IIT MADRAS IN ASSOCIATION WITH AACE INTERNATIONAL
NATIONAL CONFERENCE 2017
Background:
Overruns, pose huge risk to the projects viability and intended outcomes. The KPMG in India - PMI study
2012 was initiated on the request of Ministry of Statistics and Program Implementation (MoSPI), highlights
the major reasons for schedule and cost overruns across major sectors infrastructure projects. While some
projects are impacted due to external factors which are beyond the control of the implementing agencies
such as land acquisition, regulatory approvals, etc., majority of projects are delayed by factors which can be
controlled at the project level through proper planning and project management.
The Flash Report of MoSPI for November 2016 contains information on the status of the 1188 central
sector infrastructure projects costing 150 crore and above. Total original cost of implementation of the
1188 projects was Rs.14,56,871.67 crore and their anticipated completion cost is likely to be
Rs.16,23,728.15 crore, which reflects overall cost overruns of Rs.1,66,856.48 crore (11.45% of original
cost). The number of projects reporting cost overruns stands at 23% and time overruns at 28%.
The above statistics is only for Central Projects costing over Rs.150 crore. The statistics could be mind bog-
gling if projects below Rs.150 crores, state government projects and project from private sector are added.
The bottom line is that huge money is wasted and precious time is lost which otherwise could be used
efficiently.
“Powering Capital Projects through Enhanced Cost and Schedule Performance”
IIT Madras and AACE international, USA is hosting a National Level Conference at IIT Madras Campus on
3rd May 2017 with a focus on “Powering Capital Projects through Enhanced Cost and Schedule Perfor-
mance”.
Enormous overruns result not only in huge losses to the national exchequer but huge burden on tax payers
and all stakeholders. If Government of India’s Mission- “Transform India” is to be a success, solution lies in
implementation of sound program management practices with greater emphasis on monitoring and control
practices which would help the nation move ahead with a view to ensuring inclusive growth with efficiency
in both public sector as well as in private sector projects.
Governments of USA, Canada, Australia and even some little known nations have already adopted national
standard for integrated program management and directed the implementation agencies receiving the
funds to align their program management practices with the national standards. Many private organiza-
tions in those countries have also adopted them as best practice.
National Conference 2017:

2. The expected outcome of the conference is to chalk out a road map with representation from Government,
like-minded professional bodies, private companies, academia and professional organizations like AACE
International, Project Management Institute and financial institutions. Benchmarking international best prac-
tices, shortfalls in current practices in India, required support mechanisms and collaboration with various bodies
to address the gaps shall be the fulcrum of discussion and charting out a road map for achieving, so that it benefits
both public as well as private projects.
About AACE International:
AACE International (AACE) is a not-for-profit professional body established in 1956 in USA, working in the
areas of Cost Engineering, Total Cost Management, Earned Value, Forensic Claim etc. With 8,500 members in
100 countries, AACE International has been serving the Total Cost Management community since it is estab-
lished. AACE International is committed to the constructive exchange of ideas between members, develop-
ment of technical guidance and quality education and recognition of subject matter experts.
The members of AACE enable organizations around the world achieve their investment expectations by man-
aging and controlling projects, programs and portfolios; we create value by advancing technical knowledge
and professional development. Many global Engineering and Construction firms (viz. AECOM, Foster Wheel-
er, Chevron, Raytheon, Bechtel etc.,) have been successfully implementing Control techniques, using AACE's
Recommended Practices on mega projects in India and globally.
AACE has been certifying individuals since 1976. AACE offers the following certifications: Certified Cost Pro-
fessional (CCP), Certified Estimating Professional (CEP), Certified Forensic Claims Consultant (CFCC), Certified
Scheduling Technician (CST), Earned Value Professional (EVP), Decision & Risk Management Professional
(DRMP), Planning & Scheduling Professional (PSP), and technician level certifications: Certified Cost Techni-
cian (CCT) and Certified Scheduling Technician (CST). AACE International is a member of the Board of the
Council of Engineering and Scientific Specialty Boards (CESB); AACEs CCP, CCT, CEP, EVP and PSP Certification
Programs are fully accredited by the CESB.
WHEN:
Wednesday, 3rd May 2017
Starts at : 10:00 am - 6:00 pm
WHERE:
IC&SR Auditorium | Indian Institute of Technology Madras
Sardar Patel Road, Adayar | Chennai - 600036
S. Sankar | Jaimin Metha | V. Sivakumar |
Prof. Koshy Varghese | V. T. Chandrashekar RaoCONFERENCE COMMITTEE
For any queries contact : S. Sankar, Chair-India Task Force | Email : sankar@aaceindia.org | call: +91-9741596853, 9900060178

3. Speakers Profile
Dr. Koshy Varghese
Professor
IIT Madras
Mr. Subramanian Sarma
CEO & MD
L&T Hydrocarbon Engineering Ltd
Dr. Nick Lavingia, P. E
Project Managment Consultant
Retd. Advisor, Chevron
Mr. James Perry
PS Consulting
Dr. Madhu Pillai
Project Director
Kentz / SNC Lavalin
Mr. Devi Prasad
India Economic Service(1982-2014)
Founding Director
Fiscal Policy Institute
Dr. Ashwin Mahalingam
Associate Professor
IIT Madras
Mr. Jaimin Metha
Technical Director, AECOM
Director Region-8, AACEI
Mr. Shankar Narayanan
GM & Head-Strategy and Planning
L&T Construction
Mr. Varadharajan
Chief Growth Officer
VA TECH WABAG

4. Conference Agenda
START FINISH ACTIVITY DESCRIPTION SPEAKER
2017
9:00 10:00 Registration
10:00 10:35 Inauguration and Address by Chief
Guest
MoSPI
10:35 11:00 Project Controls in India: Current
Practices and Roadmap for Improvement
Dr. Koshy Varghese
Professor IIT Madras
11:30 12:15 Excellence in Project and Total Cost
Management
Dr. Nick Lavingia
PM Consultant
12:15 13:00 Key Note Address Mr. Subramanya Sharma
CEO & MD L&T Hydro Carbon
13:00 14:00
15:15 15:45
15:45 16:30
Tea break
14:00 15:15
Lunch
11:00 11:30 Tea break
16:30 17:05 AACE Knowledge Areas & Certifications
17:05 17:15 Valedictory Address & Symposium
Closure
Panel Discussion:
Opportunities and Barriers for
Effective Project Monitoring
and Controls
Mr. Devi Prasad
Dr. Madhu Pillai
Dr. Ashwin Mahalingam
Mr. Varadarjan
Mr. Jaimin Mehta
Mr. Shankar Narayanan
Matching Contracting Methods with
the Employer’s Objectives and the
Type of Works
Mr. James Perry, PS Consulting
Mr. Philip Tharakan
VP International Regions, AACEI
Agenda 4th May 2017
9:00 10:00 Understanding Total Cost Management (TCM)
10:15 12:15 Understanding the Certified Cost Professional (CCP) certification
12:15 1:00 Lunch
1:00 3:00 Understanding the PSP and EVP certification
3:00 3:15 Tea Break
3:15 5:00 The Role of the Modern Cost Engineer
START FINISH ACTIVITY DESCRIPTION

6. Membership in AACE International helps your employees stay informed about the complexities of the total
cost management profession—plus gain knowledge, find access to networks, and obtain resources that will
help them solve complex problems they might face within their department.
AACE International’s Corporate & Organizational Membership Program (COMP) identifies your company as a
leader in the industry—a company that is committed to professional staff development.
Whether your interest is in the cultivation of business-to-business contacts, professional development of
your staff, or becoming involved in the development of industry practices, AACE’s COMP empowers your
business. The COMP is designed to ensure a tangible return on your investment while offering leader-ship
and affordable education opportunities for your staff.
AACE’s COMP is a comprehensive package of benefits designed to encourage companies to develop the skills
of their cost management employees through AACE membership.
COMP Membership Benefits:
• Cost Engineering Journal & Source - AACE’s bi-monthly electronic magazines
• AACE News – AACE’s monthly electronic newsletter
• TCM Today – our series of professional development webinars.
Discounted fees for:
•Annual Meeting registration - over 100 hours of presentations to showcase the best and most current
tools and techniques used in industry today covering a wide range of programs.
•Continuing Education Seminars - a collection of education seminars held before and after our annual meet
ing.
•Certification & Recertification - a portfolio of 8 distinct certifications for technician, professional and
expertise levels.
•AACE’s Online Learning Center - a series of professional development presentations fea-turing some of
the most popular presentations and presenters from past annual meetings.
Members-only access to:
•AACE’s body of knowledge – the Total Cost Management Framework including Visual TCM which graphical
ly demonstrates the integration of the strategic asset management and project controls process maps of
the TCM framework.
•AACE’s Virtual Library – a collection of over 5,000 technical articles on practically every aspect of total cost
management.
•AACE’s Recommended Practices – a series of consensus documents on numerous tech-nical topics, that
have been subject to a rigorous review process and have been recom-mended for use by the AACE
Technical Board.

7. AACE International is a 501(c)(3) non-profit professional association. Since 1956, AACE International has
provided its members with the resources they need to enhance their performance and ensure continued
growth and success. With over 8,500 members world-wide, AACE International serves cost management
professionals in the disciplines of project management, estimating, risk management, and claims. AACE
International has members in 100 countries and over 80 local sections.
COMP Membership Details:
• Calendar year (Jan 1—Dec 31)
• US$95 one-time application fee
• US$1,600 Base fee—prorated quarterly (base of 10
members)
• US$160 discounted membership fee—prorated quarterly
(for each member beyond 10)
• US$10 individual new-member application fee is waived
• Standing listing in Source magazine, AACE’s electronic
periodical distributed to over 50,000 professionals world
wide