Application for AACE International
Competitive Scholarships at the Undergraduate and Graduate Levels
Introduction
AACE International is dedicated to advancing the
study of cost engineering, and cost management through the integrative
process of total cost management. To promote this objective, AACEI
awards academic scholarships to full-time students pursuing a related
degree in engineering, construction management, building construction,
computer sciences, business, quantity surveying, information
technology, etc. The cost engineering profession uses the process of
total cost management to identify and define those areas of business
in which the discipline of cost engineering and cost management
principles may be applied to plan and control resources, assets,
costs, profitability, and risk. The major elements of the cost
engineering discipline include estimating, project/product controls,
planning and scheduling, business sciences, and project/product
management.
Scholarship Descriptions
AACE International scholarships are available in
amounts ranging from $2000 to $8000. Specific awards will be
determined based on your overall scholarship and collegiate
accomplishments.
Eligibility
Applicants must be currently enrolled full-time students who
are enrolled in a program related to cost engineering/cost management. These programs include:
Agricultural Engineering
Architectural Engineering
Building Construction
Business Administration
Chemical Engineering
Civil Engineering
Industrial Engineering
Manufacturing Engineering
Mechanical Engineering
Mining Engineering
Electrical Engineering
Quantity Surveying
Applicants in their final undergraduate year must have been accepted to attend a full-time graduate program in the next academic year to qualify for a scholarship.
Important Dates
AACE International scholarships are awarded for
use in the fall term of the next academic year. The process follows
this cycle each year:
January 1 to February 15 – Obtain an application on campus or use one
of the electronic applications below
February 15 – By this date, applications must be received by AACE International. The mailing address is:
ATTN: Staff Director-Education
AACE International
209 Prairie Avenue, Suite 100
Morgantown, WV 26501-5934
February 17 – All applications received electronically and by mail will
be forwarded from AACE Headquarters to the appropriate local AACE
Section (chapter) for the first round of judging.
March 1 – After the local sections’ judging committees have
reviewed all applications received, they submit the names of up to
four semi-finalists to AACE International Headquarters office by this
date.
March 1 to March 15 – AACE Headquarters distributes
semi-finalists applications to Education Board for second round of
judging
Spring Education Board Meeting – Education Board identifies finalists,
and makes determination of awards
July 1 – All candidates are notified of the results of the judging
August 1 – scholarship checks are mailed to the schools of the winners
Evaluation Criteria
Scholarship recipients are selected on the basis
of academic performance (35%), extracurricular activities (35%), and
an essay (30%) on the value of study of cost engineering or total cost
management. The essay should explain why cost management will be
important in your career goals.
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