Certified Cost Professional

Certified Cost Professional/Certified Cost Consultant

What is a Certified Cost Consultant/Certified Cost Professional (CCC/CCP)?

AACE Internationals Certified Cost Consultant / Certified Cost Engineer (CCC/CCP) certification program is designed to establish credentials to recognize your professional expertise. This certification program gives professionals a means to validate their skills and knowledge.

Since 1976, AACE’s CCC/CCP has recognized several thousand certified individuals as Certified Cost Consultants / Certified Cost Professionals. AACE’s CCC/CCP is independently accredited by the Council of Engineering & Scientific Specialty Boards (CESB) and the International Cost Engineering Council (ICEC). The intent is to recognize specialists who meet a demanding set of criteria by a rigorous examination, experience, education and ethical qualifications. The CCC/CCP requirements reflect the sophistication of individuals in today's earned value industry and it fairly measures their knowledge, experience and adherence to best management practices.

CCC/CCP certification distinguishes cost and management professionals who have the knowledge and skills that impact the bottom line. AACE certification ensures a high quality standard. AACE’s certification experience is extensive. A standard of excellence – AACE has other programs accredited by the Council of Engineering & Scientific Specialty Boards (CESB) and the International Cost Engineering Council (ICEC).

Advantages of CCP/CCC Certification  CCC are the only internationally-recognized certifications for cost management professionals.

 AACEI Promoting the planning and management of Cost and Schedules since 1956

 - certification recognized by RICS,UK

 AACEI has members in 78 Countries and 71 Local Sections

 RICS (Royal Institute of Chartered Surveyors) reciprocal Program

 AACE’s employment referral service, resume database, or through an advertisement in Cost Engineering Journal, or on website.

Why CCC/CCP Training from Zabeel International? Course Material: High Standard of Certified Estimating Professional – CCC/CCP Training provided by one of the most talented Certified Professional with practical scenarios & a lot of sample CCC/CCP Exam Questions. We will groom the candidates sufficiently to PASS THE CEP EXAM in the FIRST ATTEMPT.

To support the lectures, the faculty would be using Power-point Slides or projectors and /or lecture notes as the course goes on. The student would be provided with lecture notes as handouts or books which ever is appropriate to the lecture.

Valuable CCC/CCP Study Material & CCC/CCP Exam Sample Questions & Guidance to complete the Plan. Application Forms and other pre-requisites to pass the CCC/CCP Exam in the FIRST ATTEMPT.

Recommended reference books or websites would be suggested to the students for further reading if the student needs a deeper understanding of the topics that are covered in the class.

Course Coverage (CCP Modules)

• CCC/CCP Certification Study Guide, 3rd Edition

Part I :

Skills & Knowledge of Cost Engineering

Part II :

Cost Estimating and Control

Part III : Project Management

• Skills & Knowledge of Cost Engineering, 5th Edition Revised • Jelen’s Cost and Optimization Engineering, 3rd Edition • Project Management: A Reference for Professionals

Part IV : Economic Analysis

Certification: The candidate can apply for any certifications.

1 Certification in Cost Engineering, accredited by the Ministry of Education UAE

2 CCP “Certified Cost Engineer” ,awarded by the AACEI, USA 3 CCEP- “Certified Cost Engineering Professional”, awarded by the ACI, USA (American Certification Institute).

4 Advanced Diploma in Cost Engineering, awarded by the College of London, UK.

Summary of CCC/CCP Certification Process Candidates for the CCC/CCP designation must meet these minimum requirements: 1. EXPERIENCE REQUIREMENTS At least 8 full years of professional experience, of which up to 4 years may be substituted by a college/university degree. Related degrees include: engineering, building construction, construction technology, business, economics, accounting, construction management, architecture, computer science, mathematics, etc.

2. SUBMIT APPLICATION AND FEES Submit the application, work/education verification and fees, at least 40 days before the next exam date to be scheduled at an exam site.

CCC/CCP Exam Structure The CCC/CCP examination consists of four parts (1 hour 45 minutes each).  Part I is 50 multiple-choice questions on Supporting Skills & Knowledge (open book) • Part II is on Cost Estimating and Control

3. SUBMIT PROFESSIONAL PAPER You must submit an electronic copy of a professional paper of a minimum 2,500 words on a cost engineering-related subject on or before the time of the examination. You must also provide the exam proctor a CD with your professional paper at the time of your exam. Candidates failing to submit their professional paper on CD at the time of their exam will not be permitted to sit for the exam. Papers previously authored within the prior three years may be used if they meet the specific technical and length requirements. Papers are graded on a pass/fail basis.

4. PASS THE EXAMINATION To become a CCC/CCP, a 70% passing grade must be achieved on the 7-hour exam as determined by the Certification Board.

• Part III is on Project Management • Part IV is on Economic Analysis (open book) Parts II, III and IV consist of two sections each. The first section has 5 compound questions which contain 7 multiple-choice questions each. You will choose to answer only TWO of these compound questions, resulting in answering only 14 multiple-choice questions for the first section of each part. The second section of each part consists of 20 multiple-choice questions.

Recertification: RECERTIFICATION HELPS CCC/CCPS STAY CURRENT: The CCC/CCP designation is versatile. It is a mark of distinction. Recertification is an important indicator to professionals and employers that you have kept up with current trends in planning & scheduling. That is why CCC/CCPs must recertify every 3 years by either professional credit plan or re-testing. Recertification ensures continued expertise through work experience, continuing education, professional development, and active involvement in the profession.

CCP/CCC Course Content SECTION 1- COST: 1. Cost Elements 2. Pricing 3. Materials 4. Labour 5. Engineering 6. Equipments, Parts, and Tools 7. Economic costs 8. Activity Based Cost Management SECTION 2-COST ESTIMATING 9. Estimating 10. Process product Manufacturing 11. Discrete Product Manufacturing

SECTION 3 -PLANNING & SCHEDULING 12. Planning 13. Scheduling SECTION 4-PROGRESS & COST CONTROL 14. Progress Measurement and Earned Value 15. Earned Value for Variable Budgets 16. Tracking Cost and schedule performance 17. Performance and Productivity Management

SECTION 5-PROJECT MANAGEMENT 18. Project Management 19. Project organization Structure 20. Project Planning 21. Project Labour cost control 22. Leadership and Management of Project People 23. Quality Management 24. Value Analysis 25. Contracting for Capital Projects 26. Strategic Asset Management

SECTION 6-ECONOMIC ANALYSIS 27. Basic Engineering Economics 28. Applied Engineering Economics SECTION 7- STATISTICS, PROBABILITY, & RISK 29. Statistics & Probability 30. Basic Concepts in Descriptive Statistics 31. Risk Management

About Zabeel International Zabeel Institute, established in 1988, is a leading Educational and Training Institute for executives in Dubai & is accredited by the Ministry of Education, UAE. We offer training programs to professionals from various industries like Administration, Engineering, Construction, Projects, Accounts and Finance, Management and Languages etc.

Zabeel International Advantage  25 Years Experience in training Professional Executives  Achiever of many QUALITY AWARDS for training from 1988 till date  Qualified and Certified Trainers  Sophisticated Lab with High end machines and Licensed software

 Certificates attested by the Ministry of Education, UAE  Vast resource materials for reference & course materials  Free online support for further assistance  Free follow up orientation seminars, workshops and placement assistance