This text investigates the systematic methodologies required to effectively plan, execute, and control large-scale capital projects to ensure financial and operational success. Authored by John W. Hackney under the auspices of the American Association of Cost Engineers, the book provides a comprehensive framework for cost estimation, scheduling, and project oversight. It argues that rigorous management protocols are necessary to mitigate the inherent risks associated with complex industrial and infrastructure investments.

Experts recognize this work as a foundational text in the field of cost engineering and project management. Readers frequently note the technical density of the prose, which serves as a rigorous reference for professionals managing high-stakes capital investments.