Westney Consulting Group Inc.

Westney Consulting Group Inc.

Richard Westney

1800 West Loop South Suite 1200 Houston, TX 77027

About the Expert

45 years’ experience in project cost estimating, cost-risk analysis, cost forecasting & control. Past-President, Fellow, Award of Merit winner, AACE International. Author of 5 books on project cost- and risk-management. Visiting faculty for Construction Executive programs at leading universities worldwide.

Areas of Expertise

  • Construction Claims
  • Project Management

Expert's Videos

OGJ Exec Spotlight Interview Westney

Expert's Profile

Mr. Westney founded Westney Consulting Group in 1978 after managing worldwide projects for Exxon. The firm’s focus is on independent cost, schedule and economic risk assessment, analysis and mitigation; strategic project planning; effective implementation of best practices, and organizational capability assessment & performance improvement. The firm's clients include owner/operators, contractors, and investors in oil & gas, chemicals manufacturing, power, and mining/metals sectors.

Author of five books on project and risk management, Mr. Westney has served as visiting faculty at construction executive programs at Texas A&M University, The University of Texas, Stanford University, The Norwegian University of Science & Technology, and Moscow School of Management. He is Past-President and Fellow of AACE International, the leading global association for cost engineering, and received the Award of Merit for service to the profession; one of only five current members to have received all three distinctions.

A popular speaker at industry conferences, he serves on the board or program committees for the Engineering & Construction Contracting Association (ECC), the Offshore Technology Conference (OTC), the Global FPSO Forum, and the Rice Global Engineering & Construction Forum.

Mr. Westney has served as an expert witness in litigation involving cost estimating and cost-risk analysis of Alaskan North Slope production facilities, and the Trans-Alaska Pipeline System, in support of valuation controversies regarding federal, state and municipal taxation.

A licensed professional engineer in Texas, and certified Project Management Professional, he is a graduate of the City College of New York, Rensselaer Polytechnic Institute, and Harvard Business School.

Personal Achievements


  • Harvard Business School (3-year Owner/President Management Program)
  • Rensselaer Polytechnic Institute (MS Management Science)
  • City College of New York (BS Mechanical Engineering)


  • Licensed Professional Engineer, Texas
  • Certified Project Management Professional


  • AACE International (leading global organization for project cost management). Past President, Fellow, and Award of Merit winner - one of only 5 members worldwide to have received all three distinctions.
  • Engineering & Construction Contracting Association (ECC). Board member and Executive Advisory Committee member for past 10 years. Frequent presenter at Annual Conference.
  • Society of Petroleum Engineers (SPE). Instructor for Project & Facilities Management courses, presenter at annual conference, program committee for Offshore Technology Conference (OTC)
  • Project Management Institute (PMI)


  • Award of Merit for service to the Cost Engineering Profession (AACE International)


  • Oil & Gas Financial Journal
  • Five books on Cost Engineering, Project Management, Project Risk Management
  • Numerous articles and presentations, e.g.: Built-In Bias Jeopardizes Project Success (Society of Petroleum Engineers), Board Oversight of Major Capital Projects (The Corporate Board), The Challenges of Project Management (Oil & Gas Financial Journal), Executive Spotlight video series (Oil & Gas Journal).

Prior assignments

  • Five years subject matter expert/expert witness experience involving cost estimating and cost-risk analysis for large oil & gas production and transportation projects in Alaska.

Percentage of time spent as expert

  • Five years subject matter expert/expert witness experience involving cost estimating and cost-risk analysis for large oil & gas production and transportation projects in Alaska.%

Listed in the Following States

Westney Consulting Group Inc. is listed with ExpertPages in the following jurisdictions: All US Regions and States, Canada (all Provinces).