Certified Cost Professional

Day 1: Cost Engineering and Cost Estimating Fundamentals

• Understanding the role and principles of cost engineering
• Exploring the project lifecycle from a cost management perspective
• Understanding cost classifications, structures, and terminology
• Developing the Cost Breakdown Structure (CBS)
• Applying different estimating methods and techniques
• Understanding estimate accuracy, assumptions, contingencies, and allowances
• Practical exercise: Preparing a structured project cost estimate

Day 2: Budgeting, Planning, and Cost Control

• Converting estimates into approved project budgets
• Establishing cost baselines and control accounts
• Integrating cost information with the Work Breakdown Structure (WBS)
• Understanding commitments, expenditures, accruals, and cash flow
• Establishing effective project cost control procedures
• Identifying and analyzing cost variances
• Practical exercise: Developing a project cost baseline and control framework

Day 3: Performance Measurement and Forecasting

• Understanding project performance measurement principles
• Applying Earned Value Management (EVM)
• Calculating and interpreting Cost Performance Index (CPI) and Schedule Performance Index (SPI)
• Forecasting Estimate at Completion (EAC) and Estimate to Complete (ETC)
• Conducting variance and trend analysis
• Developing accurate project cost forecasts
• Practical workshop: Analyzing project cost and schedule performance

Day 4: Economic Analysis, Risk, and Decision-Making

• Understanding the time value of money
• Applying cash-flow analysis to project decisions
• Using Net Present Value (NPV), Internal Rate of Return (IRR), and payback techniques
• Evaluating alternative investment and project options
• Understanding uncertainty and cost risk
• Applying contingency and risk-based cost analysis
• Practical exercise: Evaluating project alternatives using economic and risk analysis

Day 5: Advanced Cost Management and Reporting

• Integrating cost, schedule, scope, and risk information
• Managing changes and their impact on project costs
• Applying cost optimization and value improvement techniques
• Developing meaningful cost KPIs and management dashboards
• Preparing concise cost reports and forecasts for senior management
• Identifying emerging practices in digital cost management and analytics
• Capstone Exercise: Developing and presenting an integrated project cost control and performance report