Cost Engineering: Current Trends and Future Research

This paper aims to review the current practice in cost engineering, identify the scientific research challengesand suggest future direction of this area research. It has been developed based on both the outputs from the academic forum of cost engineering at Cranfield University in the UK and the state of art on cost engineering research. The promising future research subjects in Cost Engineering have been identified and discussed in detail such as understanding the factors impacting design rework; cost estimation using CAPP information; estimating the uncertainties through life cycle; and developing uncertainty modelling methods.