About AACE International

AACE International (Association for the Advancement of Cost Engineering) was founded in 1956 by 59 cost estimators and cost engineers during the organizational meeting of the American Association of Cost Engineering at the University of New Hampshire in Durham, New Hampshire. AACE International Headquarters is located in Morgantown, West Virginia, USA.

These intensive courses prepares and equips participants towards any of the AACE Certification credential examinations including Certified Cost Professional (CCP), Planning & Scheduling Professional (PSP), Earned Value Professional (EVP), Cost Estimating Professional (CEP), Decision & Risk Management Professional (DRMP) and Certified Forensic Claims Consultant (CFCC). Participants also become acquainted with key terminologies and techniques in addition to obtaining international certification, as well as achieving professional and career development.

• AACE 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

Examination Structure

5 hours maximum
120 simple multiple choice and compound, scenario questions
Closed Book – onscreen formula sheet(s) will be available for use
Any style, battery operated calculator permitted (not provided by the testing center)

COURSE DESCRIPTION

Lesson 1: Cost Elements
Lesson 2: Cost Estimating
Lesson 3: Planning And Scheduling
Lesson 4: Project And Cost Control
Lesson 5: Project Management
Lesson 6: Economic Analysis, Statistics, Probability And Risk
Lesson 7: Reviews of Recommended Study Materials.
Lesson 8: Review of Past Questions, Answers and Case Studies

AACE Certified Cost Professional (CCP): N249,999 ($685), 32 PDU (32 CONTACT HOURS)

• AACE 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

Examination 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)

COURSE DESCRIPTION

Lesson 1: Skills & Knowledge of Cost Estimating
Lesson 2: Supporting Skills and Knowledge
Lesson 3: General Estimating Concepts
Lesson 4: Estimating Processes and Practices
Lesson 5: Other Estimating Issues
Lesson 6: Reviews of Recommended Study Materials.
Lesson 7: Review of Past Questions, Answers and Case Studies

AACE Certified Estimating Professional (CEP): N249,999 ($685), 32 PDU (32 CONTACT HOURS)

• AACE 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

Examination 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)

COURSE DESCRIPTION

Lesson 1: EVM Basic Concept and Definitions
Lesson 2: Scope Definition and Organizational Requirements
Lesson 3: Planning, Scheduling and Budgeting
Lesson 4: Accounting Considerations
Lesson 5: Earned Value Analysis and Draft Management Reports
Lesson 6: Revisions and Data Management
Lesson 7: Reviews of Recommended Study Materials.
Lesson 8: Review of Past Questions, Answers and Case Studies

AACE Earned Value Professional (EVP): N249,999 ($685), 32 PDU (32 CONTACT HOURS)

• AACE 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

Examination 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)

COURSE DESCRIPTION

Lesson 1: Planning Development
Lesson 2: Planning Input and Data
Lesson 3: Planning Considerations and Constraints
Lesson 4: Planning Product
Lesson 5: Establish Work Breakdown Structure (WBS), Organizational Breakdown Structure (OBS) and Cost Breakdown Structure (CBS)
Lesson 6: Scheduling
Lesson 7: Schedule Development
Lesson 8: Schedule Input and Data (from Planning)
Lesson 9: Schedule Creating Schedule
Lesson 10: Schedule Maintenance/Controlling
Lesson 11: Maintain Schedule
Lesson 12: Schedule Output and Deliverables
Lesson 13: Reviews of Recommended Study Materials.
Lesson 14: Review of Past Questions, Answers and Case Studies

AACE Planning & Scheduling Professional (PSP): N249,999 ($685), 32 PDU (32 CONTACT HOURS)

• AACE Certified Forensic Claims Consultant (CFCC)

A CFCC is an experienced claims professional and testifying expert working in the construction dispute resolution and litigation support arenas. With emphasis on claims arising from design and construction projects in countries with common law or mixed law, where common law is part of mixed law, the CFCC represents practitioners and specialists who meet a demanding set of claims preparation and dispute resolution criteria comprising of experience, education, and compliance with industry-accepted ethical requirements.
NOTE: Click here to review the Application Policy & Procedure before submission

Eligibility Requirements

12 years claims relevant experience in preparation and submission of claims, and dispute resolution (the experience cited must be centered on and deal directly with the prosecution, defense and resolution of claims and disputes)
4-year college degree
4 letters of recommendation from industry professionals to verify years of experience*
A current certification or license after education which must be one of the following**:
-AACE’s CCP; CEP; EVP; PSP; DRMP
-Certified Construction Manager (CCM)
-Certified Professional Constructor (CPC)
-Professional engineer (PE)
-Registered Architect (RA)
-Chartered Surveyor, or 
-Admitted to Practice Law
An electronic submission of an expert report submitted as evidence, a formal claim submittal, or a professional paper accepted for publication, for which authorship by the prospective candidate is verifiable, any of which must have been written within the 24 months prior to applying to sit for the examination***

*References – Four (4) letters of recommendation from industry professionals (attorneys, in-house legal counsel, and/or clients, past or present) familiar with the candidate’s claims related experience and who can attest to the applicant’s years of claims-relevant experience.

**Applicant may substitute an additional 12 years of verifiable claims relevant experience in lieu of an approved certification after education.

***The written report or professional paper will be reviewed by one or more of AACE’s CFCC SMEs for acceptance. If the formal claim submittal, expert report, or professional paper submission does not represent the rigorous detailed analysis customarily prepared by an experienced claims analyst or testifying expert and that has been accepted for publication or submitted to a court, board, arbitration or other trier of fact in support of planned testimony, the prospective candidate will not be cleared to sit for the CFCC examination.

Note: There are no exceptions to the eligibility criteria. One must satisfy all of the eligibility criteria in order to sit for the CFCC examination. Having some, or most, or all but one does not meet the full complement of eligibility requirements. The established certification examination eligibility requirements reflect the expectations of the claims and dispute resolution profession and fairly measure the individual’s knowledge, experience and best management practices in the development, submission, presentation/testimony and resolution or litigation of construction claims.

Examination Structure

5 hour maximum
100 simple, multiple choice questions
4 written essays, where the candidate will choose from an onscreen list of suggested scenarios based upon a real dispute and will write a response in an onscreen text box for the selected scenario
Open Book – candidate’s choice of 2 reference books maximum
(downloaded reference books should be printed and bound in a notebook; no loose paper, iPads, Kindles, etc. will be permitted for resource materials)
Any style, battery operated calculator permitted (not provided by the testing center)

COURSE DESCRIPTION

Lesson 1: Legal Knowledge, Dispute Resolution and Evidentiary Rules
Lesson 2: Cost Damages, Estimating, Direct and Indirect Costs, Loss of Productivity
Lesson 3: Planning, Scheduling and Delay Analysis
Lesson 4: Project Management Practices, Requirements, Techniques, and Documentation
Lesson 5: Ethics and Professional Practice
Lesson 6: Situations with multiple prime contractors and site accessibility
Lesson 7: Potential conflict of interest situations
Lesson 8: Selection and use of a document management system
Lesson 9: Cumulative impact claim situations
Lesson 10: Comparative analysis of arbitration versus litigation for a complex claim
Lesson 11: Potential cardinal change situations
Lesson 12: Situations involving weather delays
Lesson 13: Potential termination for default situations
Lesson 14: Differing site condition situations
Lesson 15: Pursuing delay claims in the face of a No Damages for Delay Clause
Lesson 16: Analyzing schedule delay in situations where there are disputes over actual progress.
Lesson 17: Reviews of Recommended Study Materials.
Lesson 18: Review of Past Questions, Answers and Case Studies

AACE Certified Forensic Claims Consultant (CFCC): N349,999 ($959), 32 PDU (32 CONTACT HOURS) – 5 Days

• AACE Decision & Risk Management Professional (DRMP)

A DRMP is a senior-level practitioner with business experience in life cycle asset and project management with exhibited knowledge and skills ranging from analytical to socio/psychological to management. A DRMP also has extensive technical experience in specialized tools and services such as decision analysis, cost risk and uncertainty analysis, and schedule risk analysis. DRMPs demonstrate strong communication skills to connect with all levels of project stakeholders and are increasingly employed by owners and stakeholders in their decision making process – whether it is for a go, no-go decision on an investment interest or determination of time and cost contingency amounts for capital projects.
NOTE: Click here to review the Application Policy & Procedure before submission

Eligibility Requirements

4-year college or university degree*
4 years of industry related experience
4 years of experience (does not need to be continuous) directly related to the field of decision and risk management, with at least 18 months of recent experience required, demonstrated by providing any combination of the following:

    Three (3) letters of recommendation from a client (past or present) describing the complexity of the project, type of risk management implemented on the project, and the candidate’s role in the implementing or providing such risk management services. All letters submitted must include the duration of time the candidate actually spent in tasks related to decision and risk management. If 3 letters of recommendation and no work products are submitted, those durations must sum to 4 years of combined experience.
    Three (3) work products personally produced by the candidate that demonstrates having performed any aspect of the risk management work (decision analysis, schedule and cost risk analyses, implementation of risk management programs, risk workshops, etc.) on his or her projects to sum 4 years. The candidate must demonstrate that he or she was the primary author/contributor in developing the work product. Merely being a junior-level participant or member of a larger team without being the lead is not adequate demonstration of a senior-level practitioner.

    NOTE: A candidate may provide a total of three (3) letters of recommendation or three (3) work products, or combine two (2) letters of recommendation and one (1) work product, or one (1) letter of recommendation and two (2) work products, etc.

    Depending on the combination that works for your application, keep in mind that at least one recommendation letter or one work product must demonstrate recent experience within the past 18 months.

*Applicant may substitute a 4-year of college degree with an additional 4 years of industry related experience or one of the following professional certifications: AACE’s CCP; CEP; EVP; PSP; Certified Construction Manager (CCM); Certified Professional Constructor (CPC); Professional engineer (PE); Registered Architect (RA); or Chartered Surveyor.

Examination Structure

5 hours maximum
119 simple, multiple and compound scenario questions
1 memo writing assignment where the candidate will choose from an onscreen list of suggested scenarios and will write a response in an onscreen text box
Closed Book
Any style, battery operated calculator permitted (not provided by the testing center)

COURSE DESCRIPTION

Lesson 1: Cost vs. pricing: concepts, classifications, tools and techniques
Lesson 2: Life cycle costs: project and asset
Lesson 3: Monetary versus opportunity costs
Lesson 4: Economic and financial analysis
Lesson 5: Engineering economics
Lesson 6: Investment decision-making
Lesson 7: Basic concepts in probability and statistics
Lesson 8: Risk Management Skills and Knowledge
Lesson 9: Decision Modeling and Analysis
Lesson 10: Reviews of Recommended Study Materials.
Lesson 11: Review of Past Questions, Answers and Case Studies

AACE Decision & Risk Management Professional (DRMP): N249,999 ($685), 32 PDU (32 CONTACT HOURS)

NB: (CCP)®, (CEP)®,(EVP)®, (PSP)®, (CFCC)®, (DRMP)® are All Trade Marks of AACE International (https://web.aacei.org)

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