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Certified Cost Professional (CCP)

This Certified Cost Professional training will prepare you for the official international Cost Professional certificate of AACE, International Association of Cost Engineers. You will earn the title Certified Cost Professional (CCP).

Certified Cost Professional (CCP) – mode of study

Option 1: 9-day training (in-class and live online) spread over 3 building blocks of 3 days
Option 2: In-company training

What will you learn in this worldwide acknowledged CCP training?

Cost EngineeringThe Certified Cost Professional (CCP) training 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 training follows the international standards set by the global organization of cost engineers, the AACE. The training 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 cost management domain globally.

About the Association for Advancement of Cost Engineers (AACE)

AACE Logo IMF AcademyAACE (international) is a non-profit, leading-edge professional society, founded in 1956. AACE is the largest organization serving the entire spectrum of the cost management profession. It is a member-driven organization that is serving the profession around the world. Members get the resources to enhance their success over the span of their career. There are over 9,000 members around the world, in almost 100 countries.

The AACE international salary survey reveals that Certified Cost Professionals (CCPs) earn more throughout their whole career than those without certification. When you get your cost certification, you show that you have today's highest professional standard in the industry.

Prerequisites to become a Certified Cost Professional (CCP)

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 AACE and the profession of cost professional. You must also satisfy continuing certification requirements. If you do not (yet) have the required experience, you can first earn the Certified Cost Technician (CCT) title.

What are the differences between the Certified Cost Professional (CCP) and the Certified Cost Technician (CCT) training/title?

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/or level of education, required to be eligible to take one of both exams. A major 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.

Who should attend the Certified Cost Professional training?

The Certified Cost Professional (CCP) training is suitable for everyone who is part of any team that executes industrial projects. The course is aimed at cost controllers, project engineers, (cost) estimators, project managers, project cost engineers, project control professionals, contract administrators, discipline leads, members of the purchase department, members of a tendering team, work preparators and all who are involved in technical projects, cost estimation, cost control and contract review in their organization as well as those who are associated with project planning and scheduling.

What is a Certified Cost Professional (CCP)?

A 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. Specifically covering aspects of cost engineering, the Certified Cost Professional (CCP) certification also includes the wider integration of project controls incorporating cost estimating, planning & scheduling, cost control and risk management.

Certified Cost Professionals also demonstrate the ability to research and communicate aspects of Total Cost Management principles and practices to all levels of a project or program, both internally and externally. The Certified Cost Professional (CCP) certification will demonstrate that you are a cost professional who has the skills, experience and knowledge necessary to make a positive impact on revenues for your organization.

Certified Cost Professional (CCP) – examination

The Certified Cost Professional examination is a broadly desired and demanding examination. The exam can be daunting if you are not prepared well. The CCP exam is a closed-book exam, tests 4 modules, consists of 120 questions and takes 5 hours. The Certified Cost Professional (CCP) exam contains 2 components: the multiple choice exam and the 2,500 word technical paper. To pass the exam you must meet the minimum overall score of 70%. The 4 modules that are tested on your CCP examination are:
1. Basic cost engineering skills and knowledge
2. Economic analysis
3. Project management
4. Cost estimating and control

With regard to your technical paper (obligatory in order to enroll for the Certified Cost Professional (CCP) exam), your instructors will advise you in appropriate topics and assist you in setting up a good framework. Furthermore they will evaluate your paper when ready and provide feedback. The instructors will also check if your paper is written according to the AACE standards, so that it will be approved by the AACE examination board.

With testing centers all over the world, Kryterion serves as an approved examination proctor for the Certified Cost Professional (CCP) exam. You can take your computer-based exam any day and anytime that suits you.

How to maintain your Certified Cost Professional (CCP) certification?

Those holding the Certified Cost Professional (CCP) certification are required to recertify every 3 years from the date listed on their initial certification. To be eligible for recertification, certification holders must have at least 15 recertification units over a 3-year period.

Certified Cost Professional (CCP) – study materials

You will receive the AACE international Certified Cost Professional (CCP) certification Study Guide, AACE's Recommended Practices, AACE's Skills & Knowledge of Cost Engineering and AACE's Total Cost Management Framework. Moreover, you will receive exclusive documentation from your instructors.

PDU's from the Project Management Institute (PMI)

The Certified Cost Professional (CCP) training is approved by the Project Management Institute (PMI) for 40 PDU's.

Also interesting!

The following (certifiying) trainings could be interesting for you and/or your colleagues:

In-company

With at least 5 participants an in-house training could be your best option. An in-company training, customized to the needs of your organization, has many advantages and:

  • saves you and your colleagues time
  • enables you to train in the comfort of you own working environment
  • saves travel and accommodation expenses
  • can be arranged at a time convenient for you
  • sensitive issues can be discussed openly since no outsiders are present

Do you prefer an in-company cost professional training? Please contact us for more information. We are more than happy to discuss the various possibilities with you.

Content

DAY I
The role of the cost engineer
The training is introduced by a presentation of the AACE certification process and professional title variations, followed by elaborating on the framework of cost engineering and total cost management. The estimating cycle, methodologies, classifications and cost control methodologies are discussed to support the importance of the role of cost engineering in projects. Furthermore, a process overview of the total cost framework is introduced, including topics such as strategic asset management, risk management, project control, etc.

The following major topics are discussed:

  • presentation of the AACE certification
  • introduction to cost engineering
  • the role of the cost engineer
  • the basics of Total Cost Management (TCM)

DAY II
Cost estimating methodologies and classifications
The second day of the training will focus on cost estimating methodologies and classifications. Important topics are the definition and types of cost elements and their differentiation from pricing (business and economic ratios). In addition, materials and labour are discussed to assist in identifying project materials and issues involved in selecting and handling materials, classifications of labour rates and how each contributes to the final completed project. Moreover, cost estimating methodologies and classifications to determine estimate accuracy levels are discussed. Practical examples will illustrate the content of the training. A number of quizzes and exercises are included so that you can immediately put your newly acquired knowledge into practice.

The following major topics are discussed:

  • cost elements
  • pricing
  • material
  • labour
  • cost estimating

DAY III
Statistics, economics, and finance
The focus of the third day is on basic knowledge of statistics, economics and finance. You will be provided with the required elements to understand economic costs, such as inflation, depreciation, escalation, governmental cost impacts, etc., in order to be able to evaluate the differences between two or more alternative courses of action. You will also focus on engineering economics and become familiarized with techniques that assist in the solution of substantial engineering problems. Moreover, you will learn how statistics and probabilities can assist you in examining data in order to draw conclusions. Practical examples will illustrate the content of the training. A number of quizzes and exercises are included so that you can immediately put your newly acquired knowledge into practice.

The following major topics are discussed:

  • economic costs
  • basic engineering economics
  • statistics and probability

DAY IV
Planning, cost control, and progress measurement
The focus of day 4 is on planning, cost control, and progress measurement. The importance of planning is discussed as well as understanding its major elements and identifying the available planning tools. In addition, scheduling methods and techniques - including their benefits and risks - are illustrated. Progress measurement and earned value management techniques are dealt with, identifying methods for measuring progress, defining the concepts of earned value, and how to use it in order to analyse cost and schedule performance. Practical examples will illustrate the content of the training. A number of quizzes and exercises are included so that you can immediately put your newly acquired knowledge into practice.

The following major topics are discussed:

  • planning
  • scheduling
  • progress measurement and earned value
  • earned value for variable budgets
  • tracking cost and schedule performance

DAY V
Cost engineering fundamentals within project management
On day 5, the fundamentals of cost engineering within project management will be discussed. You will get acquainted with performance and productivity management, project management fundamentals and the project organization structure. In addition, the need and development of proper project planning is illustrated as well as project labour cost control and leadership and managing project people. Questions and exercises will help you put these theoretical concepts into practice.

The following major topics are discussed:

  • performance and productivity management
  • project management fundamentals
  • project organization structure
  • project planning
  • project labour cost control
  • leadership and management of project people

DAY VI
Cost management, quality management, value management, and contract management
A broad scope of engineering will be discussed, such as process and product design and production processes, patents and trade secrets, equipment parts, and tools. Activity-based cost management is illustrated to understand its importance with regard to strategic purposes, such as profit margin analysis and asset utilization. Process and discrete product manufacturing is discussed as a means to determine operating and manufacturing costs and to distinguish between different cost types. Quality management, value analysis and strategic asset management are also discussed, as well as their characteristics and importance. To gain practical experience, many exercises and examples are included.

The following major topics are discussed:

  • engineering
  • equipment, parts, and tools
  • activity-based cost management
  • process and discrete product manufacturing
  • quality management
  • value analysis
  • strategic asset management

DAY VII
Risk management and common cost engineering practices
On day 7, common cost engineering practices will be explained, such as net present worth and equivalent uniform annual cost or benefit. Practical exercises will help you put the theory into practice. Other topics that will be dealt with include contracting for capital projects to understand the basic requirements of a contract, key clauses, and how to choose among different types. Basic concepts in descriptive statistics are also discussed as a useful means for the analysis of information. A discussion of risk management will help you understand how to develop techniques and methods to deal with anticipated and unanticipated events.

The following major topics are discussed:

  • net present worth and equivalent uniform annual cost or benefit
  • contracting for capital projects
  • basic concepts in descriptive statistics
  • risk management

DAY VIII
Comprehensive cost engineering skills and knowledge case
You will take part in a series of twelve assignments that are based on the training material of all previous days. This gives you, with the guidance of your instructors, the opportunity to practice your knowledge in an interactive way, and to thoroughly prepare for the upcoming Certified Cost Professional (CCP) exam.

The following major topics are discussed:

  • assignment 1: discuss estimating plan
  • assignment 2: class 5 estimate preparation
  • assignment 3: discuss 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

DAY IX
Certified Cost Professional (CCP) – exam preparation
This day is devoted to optimally prepare you for the Certified Cost Professional (CCP) exam. You can test your knowledge through a pilot exam that simulates the final exam.

Note!
During the Certified Cost Professional (CCP) training, the trainers will support you with online mentoring and will advise you in appropriate topics for your technical paper. They will also assist you in in setting-up a good framework. Furthermore, the trainers will evaluate your paper when ready and provide feedback. They will also check if the paper is written according the AACE standards, so that it will be approved by AACE's evaluation board. When your paper has been completed, the trainers will arrange the submission of your paper to the evaluation board and will register you for the Certified Cost Professional (CCP) exam.

 

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Certificate

When you successfully pass the official AACE Certified Cost Professional (CCP) exam, you are entitled to put the title CCP behind your family name.

Trainer(s)

The Certified Cost Professional (CCP) training is a great introduction into a cost engineering future. All instructors are international experts in their field. They will provide you with a unique blend of theoretical information and practical challenges. You will be supported by online mentoring.

Start date(s)

The Certified Cost Professional (CCP) training consists of 9 days in total, taught during 3 building blocks. Every training day starts at 09.00 hrs in the morning until approx. 17.00 hrs in the afternoon.You can attend the training in-class or remote/live online (up to your choice). The in-class training will be held in The Netherlands. You can attend the training on the following dates:

Certified Cost Professional (CCP) – training I

  • 5 - 7 October 2021
  • 2 - 4 November 2021
  • 11 - 13 January 2022

Fee / Registration

The fee for the Certified Cost Professional (CCP) training is € 7.980 (VAT excl.) per person. All training materials, the exam, drinks and lunches are included. Please make your choice between the public in-class training or the live online (remote) version of the training.



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Terms & Conditions
In the event that you wish to transfer your booking to a later Certified Cost Professional (CCP) training (if possible), you must notify us at least 4 weeks prior to the start of the booked training. In case you are not able to attend at all, delegate substitution may be made up until 2 weeks before the training starts, without any additional costs being charged. Cancellations will be accepted up to 14 days prior to the starting date of the Certified Cost Professional (CCP) training. In this case we will invoice 10% of the training fee for administration costs. For cancellations made between 14 and 2 days before the starting date of the training, 50% of the training fee is due. If you cancel within 2 days before the start of the training, you will have to pay the full training fee. All cancellations must be received in writing.
Payment
Payment of training fees must be received within 30 days of the invoice date, though always before the start of the training.

Certified Cost Professional (CCP)

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