AACE Certified Cost

Professional (CCP) Certification

Preparation Training
Course Brochure and
Competency Matrix

INDEX:
1. Course Description

2. Course Development
3. Certifications offered by the professional bodies
4. Eligibility Requirements
5. Course Syllabus
6. Competency Matrix

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 1. Course Description

Course name: AACE Certified Cost Professional (CCP) Certification Preparation.

Dedicated training in a structured manner allows candidates to demonstrate 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.
This training distinguishes you as a professional that has the skills and knowledge that is benchmarked
with international cost engineering practices.

2. Course Development
This course is mapped to the following standards or guides:

AACEi’s Total Cost Management Framework

AACE’s Skills & Knowledge of Cost Engineering, 6th Edition

AACE's CCP Certification Study Guide

AACE’s Recommended Practices 11R-88 and 10S-90

CCP Technical Paper Handbook

3. Certifications offered by professional bodies

AACE Certified Cost Professional (CCP)

4. Eligibility Requirements

8 years industry related experience or 4 years industry related experience and 4-year industry related
college degree

2,500 minimum word technical paper

Adherence to AACE's Canons of Ethics

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 5. Course Syllabus

Module# Module Description

1 Cost Fundamentals
2 Planning and Scheduling
3 Cost Estimating
4 Project and Cost Control
5 Project Management
6 Economic Analysis, Statistics, Probability and Risk

6. Competency Matrix

Module 1 Cost Fundamentals

End state vision - This module is designed to develop the ability of the learner to understand the
fundamentals of cost elements, the difference between pricing and costing, type of materials,
classifications of labour, the role of engineering in project success, management of machinery,
equipment, and tools related to a project, the time value of money, tax impact, depreciation, and economic
analysis techniques and activity based cost management.
Understanding Skills achieved
Understand concepts and fundamental principles of Relate the cost elements to the life cycle of
the following: the asset: acquisition, use and disposal.
Cost Elements The distinction between cost elements that
Pricing and Costing are directly applied to an asset and those
Materials that are indirectly applied.

Labor Calculate financial ratios related to the

costing and pricing of projects.
Engineering Role and Project Success
Identify types of project materials.
Machinery, Equipment, and Tools
Develop labor rates for estimating.
Economic Cost
Develop and use weighted average
Activity-Based Cost Management rates/composite crew rates.
Establish an equipment valuation database
and identify the different equipment value
categories and subcategories.
Research equipment price and cost
information.
Evaluate, on an economic analysis basis,
the differences between two or more
alternative courses of action.
Identify how cost drivers cause costs to
occur.

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 Module 2 Planning and Scheduling
End state vision - This module is designed to develop the ability of the learner to understand and implement
the concepts of planning and scheduling.
Understanding Skills achieved

Project assurance and project planning process. Scaling of the planning appropriate for the
Contract requirements and stakeholder needs. project complexity and risk.

How to organize a project for execution. Organise the project for project controls.

Breakdown structures, RAM, Control Accounts Develop WBS, OBS and RAM, CA, WP, PP
(CA), Work packages (WP), Planning Package (PP) and RACI.
and RACI. Establish a baseline/Performance
Schedule levels, types, specifications and Measurement Baseline (PMB).
methodologies. Develop the project controls plan.
Schedule development/building. Select the schedule type that best fits the
Schedule maintenance and controlling. size, scope, and complexity of the project.

Schedule change management. Model schedule (Identify activities, estimate

durations, logic links, resources, constraints,
Schedule acceleration techniques. calendars and milestones).
Recovery schedule. Analyse total float and critical path.
Document schedule basis.
Schedule quality analysis.
Schedule maintenance and control (update,
forecasting & analysis) and reporting.
Module 3 Cost Estimating
End state vision - This module is designed to develop the ability of the learner to understand the
fundamental concepts of cost estimating and its integral importance to the quality of the cost and
scheduling program on any project, understand how to determine the operating and manufacturing costs
and concepts of discrete part manufacturing.
Understanding Skills achieved

Understand concepts and fundamental principles of Develop the project estimate.

the following:
Analysing and appreciating risk in estimating.
Cost Estimating Process and types.
Document the basis of estimate.
Estimating methodologies.
Relate estimate accuracy to the level of scope
Product Manufacturing. information and methodologies used in
Discrete Part Manufacturing. preparing cost estimates.
Apply the estimating knowledge to specific
project estimating situations.
Distinguish between direct and indirect costs
in manufacturing as compared to
construction.
Relate operating costs at full production to
reduce costs at less than full plant capacity.
Identify the four break-even points in
discrete part manufacturing.
Calculate the four break-even points in
discrete part manufacturing.

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 Module 4 Project and Cost Control
End state vision - This module is designed to develop the ability of the learner to understand and implement
the cost control for the project.
Understanding Skills achieved

Understand concepts and fundamental principles of Implementation of earned value management

the following: system for cost control.
Earned Value Overview Analyse productivity and performance.
Performance and Productivity Management Identify ways to increase productivity,
improve performance, and minimize waste in
the workplace.
Module 5 Project Management
End state vision - This module is designed to develop the ability of the learner to understand the
fundamentals of project management, project organization structure, communications, management of
human resources in the project, quality management, value engineering, Contracting for Capital Projects,
Strategic Asset Management, Change Management, Construction Claims and Disputes.
Understanding Skills achieved

Review and understand the following concepts: Use project management concepts to achieve
Project Management Fundamentals project success (cost savings, minimising
Project Organization Structure schedule delays and an improved economic
return etc.).
Project Communications
Prepare project organization structure for
Leadership and Management of Project People effective communication and governance.
Quality Management Use quality management to ensure product
Value Engineering meets expected quality.
Contracting for Capital Projects Conduct value management workshops and
implementation of value management
Strategic Asset Management
process and analyse impact of value
Change Management Practical Guide engineering on budget and schedule.
Overview of Construction Claims and Disputes Assist in developing strategies for contracting
of capital projects.
Implement strategic asset management.
Perform change management.
Analyse impact of delays and claims on
schedule and budget.

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for clarification/more information. Also, visit www.projectcontrolsinstitute.com for further details.
 Module 6 Economic Analysis, Statistics, Probability and
Risk
End state vision - This module is designed to develop the ability of the learner to understand the concepts
of cash flow, investment decision making, use of statistics and probability in optimization, optimization and
risk management.
Understanding Skills achieved

Review and understand the following concepts: Prepare cash flow for the project.
Financial and Cash Flow Analysis Assist in corporate investment decision
Practical Corporate Investment Decision-Making making by calculating Average Annual.
Statistics & Probability Rate of Return (AARR), return on Investment
Optimization (ROI) etc.

Risk Management Fundamentals Apply statistics and probability for bidding,

planning, scheduling and estimating.
Risk Management Practical Guide
Optimization of resources, time and materials
to maximise the profit/productivity and
minimise the construction or production
time.
Perform project risk management.

Note – Our course brochures are updated on a regular basis for continuous improvement

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for clarification/more information. Also, visit www.projectcontrolsinstitute.com for further details.