CCP Online Course Key Features
CCP Certification Online Self-paced Course Details
Certified Cost Professional Exam Preparation Course Summary
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. 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.
CCP is formerly known as CCE/CCC (Certified Cost Engineer / Consultant)
This course will provide a detailed overview of the four domains covered in the CCP Examination viz. Cost Management, Performance Analysis, Interfacing with Other Disciplines, and Communication. The first domain (Cost Management) focuses on topics such as annual compounding, net present worth, investment alternatives, depreciation, taxes, break-even analysis cost estimation tools and techniques, and cost forecasting. The second domain (Performance Analysis) focuses on, earned value management metrics, progress and performance measurement, and variance analysis. The third domain (Interfacing with Other Disciplines) focuses on topics such as leadership and management of project people, contracting for capital projects, scheduling, quality management, value analysis, statistics, risk management, and the fourth domain (Communication) focuses on memo writing. The primary objective of this course is certification preparation, hence most of the topics will be taught at the level of remembering, understanding and applying.
Learning Objectives
1. Calculate the feasibility of an investment using various engineering economics tools and techniques.
2. Estimate and measure the progress and performance of a project.
3. Understand the role of effective project management and scheduling for successful project delivery.
4. Understand the basic definitions and terminologies used in the total cost management framework.
Teaching and Learning Methodology
A combination of lectures, discussions, exercises, and cooperative learning will be used. Active learning will focus on discussions based on trainee project scenarios related to the application of qualitative and quantitative methods that will facilitate decision-making in project management problems in both the local and international contexts and assessed through standard structured response questions. Finally, a summative comprehensive assessment at the end of the course will assess comprehension of the core concepts.
Certified Cost Professional Online Course Outline
The syllabus for this course will closely follow the current version of AACE International Recommended Practice No. 11R-88: “Required Skills and Knowledge of Cost Engineering” published by AACE International.
The course focuses on the following 4 key domains:
1. Cost Management
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- Basic Concepts
- Annual Compounding
- Net Present Worth
- Investment Alternatives
- Depreciation and Taxes
- Break Even Analysis
- Cost Estimation
- Cost Forecasting
2. Performance Analysis
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- EVM Metrics
- Progress Measurement
- Performance Measurement
- Variance Analysis
3. Interfacing with Other Disciplines
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- Leadership and Management of Project People
- Contracting for Capital Projects
- Scheduling
- Quality Management
- Value Analysis
- Strategic Asset Management
- Project Planning
- Project Labor Cost Control
- Probability and Statistics
- Risk Management
4. Communication
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- Memo Writing
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Mock Exam
US $90 / 60 Days
- 1 full-length mock exam
- Result page with correct and wrong answers
- Including formula sheet
- 60 days with 24/7 access
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Exam Plus
US $190 / 60 Days
- 3 full-length mock exams
- Result page with correct and wrong answers
- Including formula sheet
- 60 days with 24/7 access
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Standard
US $590 / 90 Days
- Self-paced learning
- 40 on-demand video lessons
- 3 full-length CCP mock exams
- Including formula sheet
- Result page with correct and wrong answers
- Certification application support
- Webinar videos
- 90 days with 24/7 access
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The CCP certification is a globally recognized professional credential offered by the AACE International (Association for the Advancement of Cost Engineering). It demonstrates a professional’s expertise in cost management, estimation, and control.
The CCP certification is open to individuals who meet the eligibility requirements set by AACE International. Generally, those who have a minimum of eight years of professional experience related to cost engineering, cost estimation, cost control, or other related fields, along with a four-year degree or equivalent, are eligible to pursue the CCP certification. It is important to review the specific eligibility criteria provided by AACE International to ensure you meet the requirements before applying for the certification.
Becoming a Certified Cost Professional (CCP) provides several benefits, including enhanced professional credibility, recognition of expertise in cost engineering, improved career opportunities, and access to a network of professionals in the cost engineering field.
The CCP Certification will demonstrate that you are a Certified Cost Professional that has the skill, experience, and knowledge necessary to make a positive impact on revenues for your organization.
A Certified Cost Professional is an experienced expert who has advanced technical expertise and knowledge to communicate and apply the best practices and principles of Total Cost Management when planning, executing or managing organizational programs or projects.
To take the CCP exam, students must have one of the following. Students should only apply for this preparation course once they meet one of the following requirements.
1. A High School Diploma with at least 8 years of work experience.
2. A Bachelor’s Degree or equivalent, in addition to 4 years of work experience.
All necessary documents pertaining to your education and experience must be submitted to AACE International when applying to take the CCP Exam. For additional information, see the CCP Certification checklist.
To apply for the CCP Exam, you must do the following:
- Complete the Registration Process with AACE International
- Apply for Membership with AACEI
- Complete the Online CCP Exam Application and Submit the Form
- Submit Experience Certificates and Educational Certificates to certificationsubmittals[at]aacei[dot]org in Word Format
After the above requirements have been met, AACE International will review your submissions before notifying you of any additional requirements.
To maintain CCP certification, you must recertify every three years. This can be done by accumulating 12 Continuing Education Units (CEUs) in at least two categories or by choosing the option of reexamination.
The application fee for the CCP certification varies based on membership status with AACE International. AACE members are charged $525, while non-members are charged $690. The resit fee for both members and non-members is $260.
It’s important to note that all fees are due upon submission of the application and are non-refundable. The fees cover the eligibility documentation review and the computer-based testing (CBT) fee.
• Maximum duration: 5 hours
• Question types: Simple multiple-choice and compound, scenario-based questions
• Domains: Cost Management (55), Interfacing with Other Disciplines (24), Performance Analysis (40), and Communication (1).
• Exam conditions: Closed book with onscreen formula sheet(s) available for use
• Calculator: You can use any style of battery-operated calculator (not provided by the testing center)
The CCP certification is valid for three years. After that, you need to renew your certification to maintain its active status.
Yes, there are prerequisites for taking the CCP certification exam. You need to meet the educational and experience requirements mentioned earlier, as well as submit a completed application and pay the necessary fees.
There are various ways to prepare for the CCP exam, and one option is enrolling in 3FOLD Training’s comprehensive course. We offer online self-paced learning that allows you to study from anywhere, at any time. The course includes module-wise recorded videos, mock exams with a formula sheet, webinar videos, and technical papers.
Continuing education units (CEUs) are a measure of the time and effort spent on professional development activities. CEUs are typically awarded for attending workshops, seminars, conferences, webinars, or completing relevant coursework.