Functional Requirements for Machine Learning Modeling in Total Cost Management

Abstract: The presentation of the functional requirements for machine learning in TCM serves as a foundational guide for organizations seeking to integrate artificial intelligence (AI) and ML models into their business operations. The presentation guides the audience through the deployment steps based on the defined functional requirements for ML modeling. This structured approach paves the way for the integration of sophisticated technologies for data-driven results. With this said, the key points covered in this presentation include:

• Data-driven content for quality, accuracy, and completeness, focusing on data understanding and data types (structured, semi-structured, unstructured).
• Defining structural frameworks like data ontologies, layering, knowledge graphs, and feature engineering for categorizing data entities.
• Establishing a machine learning life cycle and mining process for consistent data analysis in predictive and prescriptive.
• Identifying problems, framing use cases, and creating analytical models for different machine learning strategies. Learn how to recognize the attributes of machine learning and prepare datasets for modeling.

By establishing functional requirements and data modeling for AI/ML, individuals can enhance the utilization of data within their respective projects as strategic assets. These steps within the presentation enable individuals to improve data quality, accuracy, and completeness while also structuring data frameworks and implementing an ML life cycle. Additionally, individuals can identify problems, frame use cases, and develop analytical models tailored to their specific business objectives.

Speaker:

H.L. (Lance) Stephenson CET, CCP, FAACE, PMP, MRICS 
Director of Operations, PD&C

Lance Stephenson is a senior leader with over 40 years of experience in the operational, capital portfolio, program, and project delivery environment, where he has worked for the owner, engineer, and constructor. Lance is a dynamic and results-oriented individual who always enjoys a good challenge.

Based on Lance’s years of experience and education in the operational and capital project delivery environment, Lance has provided direction in organizational design, process improvements, auditing, maturity assessments, and the development and implementation of best practices for improved capital portfolio and project effectiveness.

Lance is a contributing member of the Technical Board for AACE International and is a Certified Cost Professional, a Project Management Professional, and a certified Member of the Royal Institute of Chartered Surveyors. Lance’s past roles include director, senior manager, supervisor, PM/CM, specialist, analyst, foreman, tradesman, and life-long learner & practitioner. Lance is currently the Director of Operations for AECOM.

Click here to RSVP before the end of business day Wednesday, 09APR25.

Please register by Wednesday, 04/09/2025; an invitation, including the Webinar link, will be e-mailed to you. For AACE members who hold professional certifications, Webinar attendance counts toward renewal points as long as online attendance for the entire presentation is verified.