Certified Cost Professional (CCP) & AACE Exam Preparation (1 Week)

Certified  Cost Professional (CCP)   & AACE Exam Preparation 

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Introduction

The Certified Cost Professional (CCP) & AACE Exam Preparation Course. Tailored for cost engineers and project management professionals, this program delivers practical skills, expert knowledge, and a clear path to CCP certification. With a comprehensive study guide included, gain the confidence and expertise to excel in cost engineering, pass your certification exam, and stand out in your field.

Training Objectives

  • Identify the essential components of cost, including material and labor, required to complete activities or create assets.
  • Develop clear, actionable goals and objectives for planned projects.
  • Comprehend the key steps in risk management and strategies for mitigating potential risks.
  • Solve interest-related problems by calculating simple and compound interest using formulas for single payments, uniform series, and gradients.
  • Implement Earned Value Management (EVM) techniques to analyze past performance and forecast future outcomes.
  • Utilize engineering economics tools to assess the viability of investments.
  • Accurately monitor and evaluate project progress and performance.
  • Highlight the importance of effective project management and scheduling to ensure successful project delivery.
  • Familiarize yourself with key definitions and terminology in the Total Cost Management (TCM) framework.

Course Outlines

Day 1
ِA) The Role of the Cost Engineer:

  • Introduction to cost engineering.
  • The pivotal role of a cost engineer.
  • Overview of Total Cost Management TCM essentials.

B) Cost Estimating Methodologies and Classifications:

  • Identification and analysis of cost elements.
  • Pricing strategies for various project components.
  • Material.
  • Labour.
  • A detailed approach to cost estimating in materials and labor.

Day 2

A) Statistics, Economics, and Finance:

  • Understanding economic costs.
  • Basic principles of engineering economics.
  • Application of statistics and probability in cost estimation.

B) Planning, Cost Control, and Progress Measurement:

  • Strategic planning for projects, including cost and schedule forecasting.
  • Comprehensive scheduling techniques and methodologies.
  • Progress measurement and earned value analysis for accurate performance assessment.
  • Earned value for variable budgets.
  • Tracking cost and schedule performance.

Day 3

Cost Engineering Fundamentals within Project Management:

  • Insights into performance and productivity management.
  • Fundamentals of project management.
  • Effective project organization structures.
  • Project planning.
  • Essentials of project labor cost control.
  • The role of leadership and management in a project-oriented environment.

Day 4

Cost Management, Quality Management, Value Management, and Contract Management:

  • Effective allocation of equipment, parts, and tools.
  • Incorporating activity-based cost management techniques.
  • Introducing quality management and value analysis in manufacturing.
  • Quality management.
  • Value analysis.
  • Understanding strategic asset management principles for long-term success.

Day 5

Risk Management and Common Cost Engineering Practices:

  • Techniques for calculating net present worth and equivalent uniform annual cost or benefit.
  • Strategic considerations for contracting in capital projects.
  • Fundamentals of descriptive statistics for data analysis.
  • Comprehensive risk management approaches for project delivery.
  • AACE Certification Exam preparation

DATES & LOCATIONS

Amsterdam
Madrid
Istanbul
MUNICH
PARIS
BRUSSELS

AMSTERDAM - MADRID - ISTANBUL - MUNICH - PARIS - BRUSSELS

REF: MP-1101
€ 4250 Individual fee
  • COURSE DATES
  • 07 APR - 11 APR 2025
  • 21 APR - 25 APR 2025
  • 05 MAY - 09 MAY 2025
  • 19 MAY - 23 MAY 2025
  • 09 JUN - 13 JUN 2025
  • 23 JUN - 27 JUN 2025
  • 07 JUL - 11 JUL 2025
  • 21 JUL - 25 JUL 2025
  • 04 AUG - 08 AUG 2025
  • 25 AUG - 29 AUG 2025
  • 08 SEP - 12 SEP 2025
  • 22 SEP - 26 SEP 2025
  • 06 OCT - 10 OCT 2025
  • 20 OCT - 24 OCT 2025
  • 03 NOV - 07 NOV 2025
  • 17 NOV - 21 NOV 2025
  • 01 DEC - 05 DEC 2025
  • 15 DEC - 19 DEC 2025
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