Exam Application for Certified Cost Professional of AACE

Becoming a Certified Cost Professional (CCP) through the Association for the Advancement of Cost Engineering (AACE) is a valuable investment for those in the cost engineering, cost management, and project management fields. The CCP certification demonstrates a high level of knowledge and expertise in cost engineering and management and can lead to career advancement and increased earning potential.

The process to become a CCP involves passing an exam, meeting education and experience requirements, and agreeing to adhere to AACE’s Code of Ethics. The cost of becoming a CCP varies depending on AACE membership status, but typically includes an application fee and exam fee. Overall, investing in the CCP certification can be a worthwhile investment for professionals looking to advance in their careers.

 

CCP Exam Application Requirements:

1. Educational Attainment + Work Experience

• • • Bachelor’s Degree – 4 years of work experience
    • Diploma Holder – 8 years of work experience

2. Technical Paper
3. Affidavit for Technical Paper
4. Work Experience Letter
5. Education Certificate

Membership: Prorated

• • • January – March: $215
    • April – June: $165
    • July – September: $125
    • October – December: $270

 

CCP Examination Investment:-

Member: $500
NonMember: $625
Resit: $250 resit fee (member and non-members)

To apply for the Certified Cost Professional (CCP) exam through the Association for the Advancement of Cost Engineering (AACE), candidates will need to complete the following steps:

1. Review the CCP Certification Requirements: Candidates must have a minimum of 4 years of cost management experience or related to any domain of CCP – Domains: Basic Skills & Knowledge, Economic Analysis, Project Management, and Cost Estimating & Control. They must also agree to abide by the AACE’s Code of Ethics.

2. Complete the Online Application Form: Sign up at the AACE website. The application form will require candidates to provide personal and professional information, as well as information about their cost management experience and formal education.

3. Submit the Required Documentation: Candidates will need to submit transcripts or other proof of formal education, work experience letter signed by the employer, and technical paper. Please refer to the below video for detailed instructions on how to submit your exam application.

4. Pay the Application Fee: The application fee for the CCP exam is currently $500 for AACE members and $625 for non-members. Check AACE membership. Each and every fee is due and non-refundable upon application submission. The cost includes our eligibility documentation review and the cost of the computer-based test (CBT).

5. Schedule the Exam: Once the application has been reviewed and approved, candidates will receive instructions on how to schedule their exam at a testing center or opt for an online proctored exam.

6. Take the Exam: The exam is a computer-based test that consists of 150 multiple-choice questions. It covers topics such as cost estimating, budgeting, forecasting, and project control. Candidates will have 5 hours maximum to complete the exam. 120 simple multiple choice and compound, scenario questions: Domains: Basic Skills & Knowledge (38), Economic Analysis (28), Project Management (27), and Cost Estimating & Control (27).

7. Pass the Exam: Achieving Certification. To pass the test, you must receive an overall average score of at least 70%. By averaging the scores across all four domains, the final exam result is determined:

For instance, the average score for the four domains would be 70% if Domain 1 had a score of 69%, Domain 2 of 70%, Domain 3 of 65%, and Domain 4 of 76%. (pass the exam). Additionally, CCP candidates must score at least 70% on the CCP technical paper.

Failed the CCP Exam?
The passed paper is still valid for three years after the date of writing if a candidate passes the test but fails the exam.

Failed the CCP Technical Paper?
Candidates are provided grader feedback on ways to improve the paper and are given 30 days in which to revise and resubmit the paper. The candidate will have to retake the exam and submit a new or revised technical paper if the revision is unsuccessful.

Please note that the above information is based on my knowledge cutoff date and the AACE might have updated their policies.

Read more articles about CCP here.

You can always check their website on the Certification Hub for the most recent copy of the Technical Paper Handbook. 

I recommend visiting AACE CCP Certification webpage for the most recent and accurate information.

Don’t miss this opportunity to invest in your professional development and increase your earning potential with a CCP certification. Sign up for our CCP Certification Exam Preparation course today and take the first step toward earning your CCP with confidence.