AACE members must hold paramount the welfare of which specific group?

The correct focus for AACE members is on the welfare of future generations. This principle emphasizes the importance of sustainable practices and responsible decision-making within the cost engineering and project management professions. By prioritizing future generations, AACE members are encouraged to consider the long-term impacts of their work, ensuring that projects contribute positively to society and the environment over time. This perspective aligns with ethical standards that promote accountability and stewardship, emphasizing that actions taken today should not compromise the ability of future populations to meet their needs.

While the interests of current clients, ongoing projects, and business associates are important, the overarching duty to consider the implications for future generations underlines a commitment to sustainability and ethical responsibility in the field of cost management.