Professional Level Certifications

Certified Cost Professional (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.

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

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Recommended Study Materials

• 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

Examination Structure

• 5 hours maximum
• 120 simple multiple choice and compound, scenario questions
  • Domains: Basic Skills & Knowledge (38), Economic Analysis (28), Project Management (27), and Cost Estimating & Control (27)
• Closed Book – onscreen formula sheet(s) will be available for use
• Any style, battery operated calculator permitted (not provided by the testing center)

Earning the Certification

•  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

Certified Estimating Professional (CEP)

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.

Eligibility Requirements

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

Apply Now

Recommended Study Materials

• AACE's Certified Estimating Professional Study Guide
• AACE’s Skills & Knowledge of Cost Engineering, 6th Edition
•  AACE’s Recommended Practices 46R-11, 11R-88, and 10S-90
• AACE’s Total Cost Management Framework
• AACE's CEP Examinee Format of Definitions

Examination Structure

• 5 hours maximum
• 119 simple, multiple choice and compound, scenario questions
  • Domains: Basic Estimating Knowledge (50), Complex Estimating Problems (24), and Estimating Process & Practices (45)
• 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)

Earning the Certification

•  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)

Earned Value Professional (EVP)

An EVP is a practitioner of Earned Value with demonstrated mastery of contract language as it relates to Earned Value application, the organization of a project’s scope into meaningful structure for execution; planning scheduling and budgeting the project work from initiation through close out using an integrated cost/schedule tool; highly proficient in monitoring project progress for performance measurement; an earned value management system (EVMS) and its related accounting component used to record actual costs for a project or activity; generating relevant reports, understanding and analyzing the information reported, using actual cost data from, or reconcilable with, the accounting system for management of a project or activity; and managing change to the scope of work and/or any deviation, performance trend, or change to an approved or baseline project control plan, throughout the life-cycle of a project or portfolio of projects in the public and/or private sector. The experienced EVP will have broad experiences in the interpretation of the EV data/metrics and possess the skills to provide coherent, relevant communications (oral and written) to all levels of project stakeholders (internal and external).

Eligibility Requirements

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

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Planning & Scheduling Professional (PSP)

A PSP is a skilled planning and scheduling professional with advanced experience in project planning, and developing, monitoring, updating, forecasting and analyzing integrated project schedules. The PSP leads the planning and scheduling process within the AACE International Total Cost Management (TCM) framework. A PSP is able to communicate effectively with all project stakeholders, both internal and external.

Eligibility Requirements

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

Apply Now

Recommended Study Materials

• AACE’s Planning and Scheduling Certification Study Guide
• AACE's Skills & Knowledge of Cost Engineering, 6th Edition
• AACE's Recommended Practices 14R-90, 11R-88, and 10S-90
• AACE’s Total Cost Management Framework
• CPM in Construction Management, 8th Edition
• Construction Planning and Scheduling Manual, 2nd Edition
• Project Management

Examination Structure

• 5 hours maximum
• 119 simple, multiple choice and compound, scenario questions
  • Domains: Basic Planning & Scheduling Knowledge (56), Practical Exercise (29), and Planning & Scheduling Applications (34)
• 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)

Earning the Certification

•  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)

Project Risk Management Professional (PRMP)

A PRMP is a skilled and knowledgeable practitioner whose role is to establish an effective risk management plan and implement that plan in accordance with the project/program/portfolio’s objectives. It is the PRMP’s responsibility to clearly communicate in verbal and written forms, both internally and externally.

Eligibility Requirements

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

Apply Now

Recommended Study Materials

• AACE’s Project Risk Management Professional Certification Study Guide
• AACE's Skills & Knowledge of Cost Engineering, 6th Edition
• AACE Recommended Practices 121R-21, 11R-88, and 10S-90
• AACE’s Total Cost Management Framework

Examination Structure

• 5 hours maximum
• 119 simple, multiple choice and compound, scenario questions
  • Domains: Supporting & Other Functional Skills & Knowledge (47), Overall Risk Management Terminology & Concepts (24), and General & Specific Processes and Practices in Risk Management (48)

• 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)

Earning the Certification

•  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)