Certified Cost Professional is an experienced practitioner with advanced knowledge and technical expertise to apply the broad principles and best practices of Total Cost Management (TCM) in the planning, execution, and management of any organizational project or program.
CCPs also demonstrate the ability to research and communicate aspects of TCM principles and practices to all levels of project or program stakeholders, both internally and externally.
This course designed to prepare you for the official international Cost Professional certificate of the AACE, the International Association of Cost Engineers.
The Certified Cost Professional (CCP) course will teach you the techniques of estimating, planning and cost control for the various stages of an industrial project.
Having this knowledge will kick-start your career.
The certification course follows the international standards set by the global organization of cost engineers, the AACE.
The course allows you to take the necessary steps towards becoming a Certified Cost Professional (CCP). The Certified Cost Professional (CCP) designation is one of the most recognized certifications in the cost engineering and costs management domain globally.
Certified Cost Professional (CCP) and Certified Cost Technician (CCT) – differences
The AACE international portfolio of certificates includes a Technician (Certified Cost Technician) and a Professional (Certified Cost Professional) level.
The initial difference between the two is the minimum years of experience and level of education, required to be eligible to take one of both exams.
A significant difference is – apart from the contents of the exam – the technical paper you have to write before you can enroll for the Certified Cost Professional (CCP) exam.
Depending on your experience and qualifications, you could choose to do the Certified Cost Technician (CCT) exam rather than the more advanced Certified Cost Professional (CCP) exam.
You might be interested in another Project Management programs as a next step.
YOU WILL LEARN HOW TO
A CCP is an experienced practitioner with advanced knowledge and technical expertise to apply the broad principles and best practices of the Total Cost Management (TCM) framework.
Explicitly covering aspects of Cost Engineering this certification also includes the broader integration of Project Controls incorporating Cost Estimating, Planning & Scheduling, Cost Control and Risk Management. CCP’s also demonstrate the ability to research and communicate aspects of the TCM principles and practices to all levels of a project or program, both internally and externally.
What this course provides in addition to helping you prepare for CCP certification, this course will also provide you with a comprehensive understanding of skills and knowledge based upon AACE International body of expertise in the field of Planning and Scheduling.
IMPORTANT COURSE INFORMATION
Prerequisites
To become a Certified Cost Professional (CCP) you must have at least 8 years of professional experience. Of those 8 years, 4 years of appropriate college-level/academic education count as acceptable professional experience.
You have to pass the technical paper submittal and have to agree with the Code of Ethics of the AACE and the profession of Cost Professional. You must also satisfy continuing certification requirements.
Exam
5 hours maximum
120 simple multiple choice and compound, scenario questions
Closed Book – onscreen formula sheet(s) will be available for use
Any style, battery operated calculator permitted
COURSE OUTLINE
presentation of the AACE certification
introduction to cost engineering
the role of the cost engineer
the basics of Total Cost Management (TCM)
presentation of the AACE certification
introduction to cost engineering
the role of the cost engineer
the basics of Total Cost Management (TCM)
Module 2: Cost estimating methodologies and classifications
cost elements
pricing
material
labor
cost estimating
Module 3: Statistics, economics, and finance
economic costs
basic engineering economics
statistics and probability
Module 4: Planning, cost control, and progress measurement
planning
scheduling
progress measurement and earned value
earned value for variable budgets
tracking cost and schedule performance
Module 5: Cost engineering fundamentals within project management
performance and productivity management
project management fundamentals
project organization structure
project planning
project labor cost control
leadership and management of project people
Module 6: Cost management, quality management, value management, and contract management
engineering
equipment, parts, and tools
activity-based cost management
process and discrete product manufacturing
quality management
value analysis
strategic asset management
Module 7: Risk management and common cost engineering practices
net present worth and equivalent uniform annual cost or benefit
contracting for capital projects
basic concepts in descriptive statistics
risk management
Module 8: Comprehensive cost engineering skills and knowledge case
assignment 1: discuss estimating plan
assignment 2: class 5 estimate preparation
assignment 3: discuss the basis of estimate preparation
assignment 4: questions on cost elements
assignment 5: economic feasibility of a project
assignment 6: unit conversion
assignment 7: equipment factor estimate
assignment 8: long term cost of ownership
assignment 9: network planning
assignment 10: equipment depreciation
assignment 11: questions on statistics
assignment 12: earned value management
Module 9: Certified Cost Professional (CCP) – exam preparation
introduction to the Certified Cost Professional (CCP) certification
recap cost engineering skills and knowledge
basic and applied engineering economics
statistics and probability
basic concepts in descriptive statistics
schedule the AACE certification exam
Certified Cost Professional (CCP) and technical paper submittal requirements
the Certified Cost Professional (CCP) exam
how to write a certification paper
