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CERTIFIED COST PROESSIONAL (CCP)

What is Certified Cost Professional (CCP)? 

A CCP 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 organisational 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.

 Course Eligibility Requirements

  • 8 years industry related experience or
    4 years industry related experience + 4-year industry-related college degree
  • 2,500 minimum word technical paper
  • Adherence to AACE’s Canons of Ethics

Course Benefits or Course  outcome

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.

Course Structure 

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 organisation structure

Project planning

Project labour 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) – RECAP

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