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A cost engineer is an engineer whose judgment and experience are utilized in the application of scientific principles and techniques to problems of estimation; cost control; business planning and management science; profitability analysis; project management; and planning and scheduling.. Contents.ost engineering is a field of engineering practice that began in the 1950s (AACE International was founded in 1956). The skills and knowledge areas of Cost Engineers are similar to those of Quantity Surveyors.
A course fee may be charged for certain undergraduate and graduate courses. Tier I fees are $25, Tier II fees are $55, and Tier III fees are $75 (per course). Undergraduate engineering students pay a program fee of $480 per semester if attending full-time,or $40 per credit if attending part-time.