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.
Learning Outcome
The 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 (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.
Course Information
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.
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.
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
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.