Section Certification Review Training
For AACE Section Use
Description and Learning Objectives
This course provides an overview of skills and knowledge of cost engineering. The course will cover basic concepts of estimating, planning and scheduling, cost control and forecasting, breakeven analysis, and productivity analysis. Professionals who attend this Review Course will gain a better understanding of some of the basic concepts of cost engineering. This course is also suitable for those who plan to take the CCP Certification Exam as it will enable attendees to be better prepared to take the exam beyond what they would likely achieve on their own.
This course will primarily address those areas where numerical problem solving is of important consideration. The expectation is that professionals who do not routinely solve such problems will find that review to be more worthwhile. These primary areas will include engineering economics, estimating, scheduling and related subjects.
Standard CEP format that will cover key areas of emphasis for the CEP Exam. Estimating terminology and AACE's Cost Estimate Classification System along with related fundamentals will be covered. Cost estimating problems from unit-price, lump-sum, and conceptual estimating formats will be worked out in class.
- Become comfortable with the terminology of process estimates.
- Understand the estimate types, the technical information required for each type of estimate, and the reliability limitations of each type.
- Become familiar with the various estimating methodologies.
- Understand how to professionally present an estimate
- Understand the estimate review/validation process.
- Understand contractor vs. owner points of view and issues.
- Understand the estimating challenges of mega-projects.
The EVP Review presentation is designed to prepare candidates for the EVP certification exam.
- Prepare candidates for the AACE Earned Value Professional (EVP) certification exam.
- Increase understanding of development and integration of the project scope, schedule, and cost.
- Understand the ANSI/EIA-748 principles (Intent guide for EVMS principles).
- Apply EVMS concepts and principles to several project related problems, issues, and case studies.
Based on the PRMP Study Guide, the PRMP Review presentation reacquaints professionals with the knowledge, skills and competencies essential for effective performance in a related performance role, identifies certification eligibility requirements, prepares eligible candidates for the certification exam by reviewing the AACE recommended study materials, presents overviews of subject matter that MAY be included in the exam, and works through various samples of the different types of questions for each subject.
Understand the basis of project risk management within the Total Cost Management Framework as illustrated in the Risk Management Process Map (Section 7.6 of the TCM)
- Understand the processes and practices of project risk management
- Describe what is essential to planning and implementing a project risk management process and apply its practices within a capital management or project organization in various settings
- Understand the essentials of all supporting skills and knowledge necessary to plan and implement project risk management
The PSP Review presentation provides a good review of planning and scheduling principles/techniques and is intended as a refresher for individuals preparing to sit for the PSP certification exam.
- Understand the basic definition and use of planning
- Understand the basic definition and use of scheduling
- Understand how the concepts of planning and scheduling should be integrated in support of effective project management
- Understand the different scheduling techniques available and potential uses for each
- Understand the critical path method (CPM) scheduling, its basis, and its benefits
- Understand how to effectively communicate schedule status and potential issues
- Understand advance scheduling techniques/considerations, to include resource scheduling, earned value management, and schedule compression/acceleration methods
Planning, scheduling, CPM scheduling, schedule communication methods, advanced scheduling techniques/considerations
Once your instructor, venue, and event dates are confirmed, complete and submit the application for approval by the Education Board. Materials will be released no more than 60 days prior to event dates.