CCP - Certified Cost Proessional

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