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Certified Cost Professional (CCP®)

Certified Cost Professional (CCP®)

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

Modules

Module 1: The role of the cost engineer

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

 

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