Algemene informatie over de cursus
Tijdens de Certified Cost Professional (CCP) training leert u de technieken voor cost estimating, projectplanning en cost control toepassen gedurende alle fases van een industrieel/technisch project. Naast de benodigde kennis voor het examen ontwikkelt u een diepgaand inzicht in de eisen en vaardigheden die aan een Certified Cost Professional (CCP) worden gesteld. Het programma is gebaseerd op de internationale best practices en maakt gebruik van procedures en methodes van AACE en andere vooraanstaande instituten. Aan de hand van praktische voorbeelden en oefeningen kunt u de theorie direct in praktijk brengen.Inhoud van de cursus
CERTIFIED COST PROFESSIONAL (CCP) – PROGRAMThe Certified Cost Professional (CCP) training course is an interactive mix of lectures. Many practical exercises are included in the training so that you can immediately put your newly acquired knowledge into practice. In addition to the course training days, you should take into account 8 - 14 hours of self-study.
The Certified Cost Professional (CCP) training course is composed of 2 modules:
Module I – 5 consecutive days Cost Engineering Principles and Practice (40 hours)
Module II – Certified Cost Professional certification exam (21 hours of remote/online training (spread over 4 half days) plus 2 hours of online mentoring per delegate prior to the CCP exam)
The remote training days (module II) consist of:
Review of CCP training topics including 100 sample questions
CCP mock exam: 119 questions
COURSE PROGRAM MODULE I
Module I consists of 5 days in-class training
1. Introduction to project capital budgeting and control
What is the project capital budgeting process?
The importance of capital budgeting controlling during project execution
Disciplines involved in capital budgeting and control
Standards and recommended practices: AACE, CII, ISO, CPM, and PMI
2. Financial mathematics and the time-value of money
Interest - from concept to quantification
Converting interest rates for different time periods
Calculating present value, future value, and annuity
Discounted Cash Flow (DCF)
PRACTICAL EXERCISE
3. Project evaluation and selection methods
Project economic evaluation indices
PRACTICAL EXERCISE
Project scoring models
PRACTICAL EXERCISE
Project portfolio optimization
PRACTICAL EXERCISE
4. Depreciation methods and types of costs
What is economic depreciation and why it matters
Depreciation methods and types of costs
PRACTICAL EXERCISE
5. Comparing project alternatives for replacing versus improving assets
Elaborating alternative cash flow scenarios
Evaluating and selecting the best alternative
PRACTICAL EXERCISE
6. Cost and schedule estimating with risk contingency
Principles of estimating
AACE International Recommended Practices 17R-97 and 27R-03
Cost estimating techniques
PRACTICAL EXERCISE
Parametric estimating and modelling
PRACTICAL EXERCISE
Schedule estimating techniques
PRACTICAL EXERCISE
Estimating the contingency reserve
PRACTICAL EXERCISE
Documenting the basis of estimates
7. Developing the project baseline and cash flow funding requirements
Integrating the cost estimates, project schedule, and risk contingencies to develop and consolidate project baseline
Deriving the cash flow funding requirements from the project baseline
PRACTICAL EXERCISE
8. Capital budgeting monitoring and control
Project cost and schedule performance measurement and analysis using Earned Value Management (EVM)
Project risk performance measurement and analysis
Managing project changes
Using performance measurements to update the cost and schedule estimates
Updating the project funding requirements and the benefits realization cash flows
Updating and monitoring the project evaluation models and indices
PRACTICAL EXERCISE
9. Final discussion
COURSE PROGRAM MODULE II
Certified Cost Professional (CCP) exam preparation
21 hours of live online training (spread over 4 half days) plus 2 hours of individual online mentoring.
Certification process and requirements – (1 hour)
DAY I – Webinar (5 hours)
Probability and statistics/basic business and finance/inflation
Optimization
Break - 30 minutes
Communications
Cost engineering areas of study/computer operations/operations research
DAY II – Webinar (5 hours)
Elements of cost/costing and pricing
Cost indices and escalation factors/estimating data sources
Break - 30 minutes
Cost, quality, resource, and productivity management
DAY III – Webinar (5,5 hours)
Organizational structures/management theories, behavioral science, motivational management
Planning & scheduling
Break - 30 minutes
Basic scheduling and present/future work analysis/metrics
DAY IV – Webinar (5,5 hours)
Value engineering
Depreciation
Break - 30 minutes
Cost management
Webinar – Memo question response CCP exam (1 hour)
How to write the memo question response
Additional online for self-study materials
Productivity adjustment/learning curve/capital equipment purchase, lease and rental (1 hour)
Contracting and contract administration/societal/legal issues of management/constructability analysis (1 hour)
Engineering economics/time value of money (1 hour)
Comparative economic studies/forecasting (1 hour)
Preparation
To prepare for the Certified Cost Professional (CCP) training course, you should read and work out some problems in 'Skills and Knowledge of Cost Engineering' (6th edition) and the 'Certification Study Guide' (2nd3rd edition). These publications are included in the course fee. You should also reacquaint yourself with college algebra, including logarithms and exponents.
