AICE organizes an online seminar on November 25th from 5:00 pm to 7:00 pm titled: NEXT-GENERATION TCM: the Value of TCM in a changing world.

The webinar will be held on Microsoft TEAMS subscriptions at the following LINK.

Speakers: Alfredo Biffi, Emanuele Banchi, Gianluca di Castri, Alessandro Margherita and Agnete Skytte.

Total Cost Management has always been a discipline in constant evolution and as a whole represents a systematic and global approach to the management of value. The first definitions, born with AICE in 1979 and then matured in the following 80s and 90s, have developed over time until arriving in recent years at the TCM model that AICE has been proposing since 2015 as a reference for this discipline (also for Certification issued by AICE in Italy and accredited worldwide by ICEC). With this event, AICE proposes a reflection on the great social, technological and market transformations and their impact on the evolution of the Total Cost Management discipline. Starting from the current models and definitions of TCM, how can we build a "captivating" and high impact future using TCM as a lever? What are the new paradigms that need to be considered in order to develop the tools and professionalism that new trends require today?

We are pleased to inform about the publication of the article titled "Beyond Total Cost Management to Systemic Value Management: transformational trends and a research manifesto for an evolving discipline" in the prestigious magazine "Sustainability".
An important document on the meaning and value of TCM and what this discipline may become in the future.
Here below the abstract of the article that can be downloaded directly from the Sustainability website:  https://www.mdpi.com/1874822

Abstract:
"Total cost management (TCM) has developed as a systematic approach to managing resources, costs, profitability, and risks throughout the lifecycle of any enterprise, program, facility, project, product or service. However, a number of trends are today creating a new socio-technical scenario, characterized by increasing volatility, uncertainty, complexity, and ambiguity (VUCA), which is affecting the strategic scope and applicative dimensions of TCM. A logic of sustainability and multi-stakeholder value is increasingly required to account for the competing and multi-dimensional needs of customers, employees, partners, and large stakeholder ecosystems. This article presents a review of cross-disciplinary literature and the use of authors’ engagement and consolidated expertise in the field to drive a group model building process aimed to design a conceptual framework and a research manifesto for the evolving TCM discipline. The study provides a classification of nine major trends and evaluates the impact of those trends on a number of TCM dimensions. Next, a research agenda is showed, including nine trajectories for scholars and practitioners engaged to support the evolution of TCM towards a new idea of systemic value management (SVM). The study advances the current knowledge on value-based and sustainable approaches to management and offers to experts and practitioners a basis to implement innovative development projects in the field of TCM."

The ICEC 2022 World Congress took place on 12/15 June, hosted in Rotterdam by the Dutch association DACE (Dutch Association of Cost Engineers).
AICE participated with presentations and participations in round tables for discussion on the future of Economic Engineering and on ICMS.
We thank Dr. Emanuele Banchi, Eng. Gianluca di Castri and Eng. Daniela Pedrini for their contribution to the event.

Finally, here we are.
It started in July 2020 the AICE and RICS Italia collaboration for an ambitious and apparently simple project, namely the translation into Italian of the International Construction Measurement Standards to propose them to the national market. First it was establishment of a Technical Commission and subsequently a Scientific one, both Italian.

There are many challenges in this journey.

First, a linguistic and not a literal translation: it was immediately clear that in order to make the Standards speak Italian, not only lexical knowledges were required, but as well a study and analysis of the principles underlying them. The Anglo-Saxon languages, indeed, expose concepts in a different way from us, through a simplified linguistic structure, entrusting words to the transmission of a vision, often highlighted by a capital initial of the main words and composing them. Without this study, an effective translation and proposal would have not been possible.

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