Certified Cost Professional – CCP
About Course
The Cost Management course addresses the identification, elaboration, planning, and management of the project budget. Including selected processes from the PMI Integration, Cost, Scope and Risk Knowledge Areas, this class addresses the development of a Project Cost Estimate, Project Budget, and the Project Budget Baseline. In addition it addresses the preparation of a spending profile that supports variance analysis and corrective action using Earned Value Management. Using a combination of theory based lecture and hands on exercises, students are provided with an effective skill set for developing and controlling the project budget baseline
Course Objectives
- Fluency in cost estimating methods.
- Skills and tools allowing the development of a project cost estimate.
- Development and management of the Cost Baseline.
- Ongoing cost baseline management and control.
Course Content
Unit 1 Introduction: Skills & knowledge of Cost Engineering
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Cost elements ( Material, labor & Equipment)
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Understanding the basic definitions
Unit 2 Planning & Scheduling
Unit 3 Cost Estimate Methods
Unit 4 Cost Control & Earned Value Measurements
Unit 5 Project Management Overview
Unit 6 Economic Analysis & Statistics
Unit 7 Value Engineering & Strategic Assest Management
Unit 8 Exam & Technical Paper Preparation
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