Total Cost Management

The term Ingegneria Economica, which is a substantial and qualifying element of the italian name of the association, was coined in 1987 as an evolution of the term Cost Engineering.

In the same period also the term Total Cost Management (TCM for short) was coined: this term is mainly used in the international arena among the organizations belonging all'ICEC (International Cost Engineering Council), organization to which AICE belongs.

In the story, the definitions of these terms have evolved up to reach very complex representations, especially in the early 2000s. Since the beginning, however, the basic idea was to identify the Ingegneria Economica as the meeting point of different and complementary worlds related to engineering and economics, in order to capture in depth the concept of inter-relationships existing in real life between the phenomena studied by these two disciplines.

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