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CEP – Certified Estimating Professional (AACE -USA)

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  • Certified Course

CEP Certification Training Course

A CEP is a professional with vital expertise to contribute to the economic evaluation of potential projects by supporting the development of budgets, project resource requirements, and value engineering. By applying the estimating body of knowledge as outlined in AACE’s Recommended Practice 46R-11, the CEP estimates costs of a determined scope in order to advise management on project funding decisions. The CEP’s ability to clearly communicate cost estimates, both verbally and written, to all project stakeholders is critical to their success.

AACE International’s Certified Cost Professional certification course is an independently accredited certification by the Council of Engineering & Scientific Specialty Boards (CESB) and the International Cost Engineering Council (ICEC). 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.

This intensive course is designed to quickly and efficiently give you information, skills, strategies, and techniques to lead to successful preparation for your
CEP Certification Exam Course Syllabus.

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CEP Certification Exam Structure

  • 5 hours maximum
  • 119 simple, multiple choice and compound, scenario questions
  • 1 memo writing assignment with a given scenario and instructions for writing a response in an onscreen text box
  • Closed Book
  • Any style, battery operated calculator permitted (not provided by the testing center)

Who Should Attend?

Who should attend CEP Certification Training Course?

  • 8 years industry related experience
  • Or 4 years industry related experience + 4-year industry related college degree
  • Adherence to AACE’s Canons of Ethics

COST ESTIMATING COURSE OUTLINE

  • Introduction: The Role of the Cost Estimator
  • Elements of Cost
  • Elements of Analysis
  • Enabling Knowledge

  • 2.1 General Estimating Concepts
    • Cost Estimating Terminology
    • Cost Estimate Classifications
    • Estimate Variability
    • Uncertainty
    • Estimating Algorithms
    • Code of Accounts
    • Historical Cost Data
  • 2.2 Estimating Processes and Practices
    • Planning the Estimate
    • Estimating Methodologies
    • Quantification
    • Costing
    • Pricing
    • Conditioning
    • Risk Evaluation and Contingency Determination
    • Estimate Documentation
    • Estimate Reconciliation
    • Estimate Review and Validation
    • Estimate Reporting
    • Estimate Closeout
  • 2.3 Other Estimating Issues
    • Bidding
    • Budgeting
    • Project and Life Cycle Costing
    • Cash Flow and Forecasting
    • Cost Control Baseline
    • Project and Product Costs
  • 2.4 Internationalization
  • 2.5 Building Information Modeling (BIM)
  • 2.6 Change Order Estimating
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