Cost Control for Construction Projects (AACE)
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Cost Control for Construction Projects
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Cost Control for Construction Projects (AACE)
- 3. 3 About AACE Established in 1956, AACE International is the Association for the Advancement of Cost Engineering. Together with the AACE International Certification Institute, it serves over 10,000 members and certificants in 100 countries. Cost Engineering is a field of study using integrated means and methods to enable sound decision making in enterprise asset management. AACE’s Body of Knowledge is developed, refined, and deployed by industry professionals worldwide. web.aacei.org/
- 4. 4 About CCP A CCP 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. 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. web.aacei.org/
- 5. Eligibility Requirements • 8 years industry related experience or 4 years industry related experience • 4-year industry related college degree • 2,500 minimum word technical paper • Adherence to AACE's Canons of Ethics 5
- 6. • 35 direct contact hours (not self-directed training) • Hours must have been earned in the area of Project Management practices. • Training can include topics covering methodologies, principles and practices related to Project Management. • The training hours must be completed by the time the certification application is submitted. • Training is eligible regardless of when it was accrued. Training Requirements 6
- 7. The Application Process • The form is online • Once you start there is a 90 day period to complete the application • Approximately a 5 day turn-around process if using online application process • 1 year to take the exam from the time of approval • Take the exam up to 3 times in one year • There is an audit process and if selected, there is a 90 day turn-around period to complete it 7
- 8. About the CCP Exam 8
- 9. Examination Fees • While AACE membership is not required for certification, members receive the benefit of reduced examination fees. • US$500 for members • US$625 for non-members • US$250 resit fee (member and non-members) • All fees are due upon submission of an application and are non- refundable. • The fee includes our eligibility documentation review and computer based testing (CBT) fee. 9
- 10. The Exam • 5 hours maximum • 120 simple multiple choice and compound, scenario questions • Closed Book – onscreen formula sheet(s) will be available for use • Any style, battery operated calculator permitted (not provided by the testing center) 10
- 11. CCP Exam Blueprint 11 Note: Please read the CCP Handbook for more information Domains No of Questions Basic Skills & Knowledge 38 % Economic Analysis 28% Project Management 27% Cost Estimating & Control 27%
- 12. Question Patterns • Regular Questions: questions with four possible answers and only one correct answer • Multiple Answer Questions: questions with more than one correct answer, and you need to select all the correct answers • Drag and Drop style questions: questions where you need to move boxes to align to a specific prompt. For example, “Match each process in Project Stakeholder Management with its associated Process Group.” • “Hot Spot Questions”: questions where you are interacting with data and data points on a graph. • Animation style questions: questions where you will see a short video, and then answers questions about the scenario. 12
- 13. Exams Results • An overall average score of 70% or higher is needed to pass the exam. • The final exam result is arrived by averaging the score of all four domains: Ex: Domain 1: 69% (fail domain) + Domain 2: 70% (pass domain) + Domain 3: 65% (fail domain) + and Domain 4: 76% (pass domain) / 4 domains = average score of 70% (pass the exam) • CCP candidates must also separately receive a 70% or higher on the CCP technical paper 13
- 14. Recertification • CCP certification is valid for 3 years and must be recertified through the accumulation of 12 CEUs in at least two categories or reexamination 14
- 15. Preparing for the CCP Exam 15
- 16. Essentials for this Course • ACCE • CCP Technical Paper Handbook • AACE's CCP Certification Study Guide • AACE’s Recommended Practices 11R-88 and 10S-90 • AACE’s Skills & Knowledge of Cost Engineering, 6th Edition • AACE’s Total Cost Management Framework • Red Learning • Course Content • Class Recordings (whichever applicable) • Chapter Quizzes • Practice Tests & Mocks Ups
- 17. AACE's CCP Certification Study Guide • Is a standard (formal document that describes established norms, methods, processes and practices) • A good practices which are applicable most of the time • A common vocabulary within cost engineering profession • A foundational cost engineering & management reference • Code of Ethics and Professional Conduct is also requirement for CCP certification
- 18. CCP Certification Roadmap Certification Roadmap Registration Faculty Lead Training Application Audit Self Study Mentored Studying Exam Attempt 2 5 Weeks 4 Weeks 2 Weeks Exam Attempt 1
Editor's Notes
- Instructor Notes: 1. Ensure students are clear that time spent at PMI chapter meetings are not eligible unless there was a training aspect associated to the meeting. 2. Self-directed learning activities such as reading books, watching instructional videos or sessions with coaches or mentors are not eligible 3. Education and training contact hours can be achieved through completing courses offered from an employer, training company, college/university, PMI Registered Education Provider, distance learning company, etc.