CCP

Certified Cost Professional

→ Set goals and objectives that planned endeavors must meet.
→ Collect stakeholder input and information.
→ Determine feasible alternative plans and choose the best alternative.
→ Communicate the project plan to all the stakeholders.
→ Implement the project according to the plan.
→ Plan to meet new conditions as they arise through the implementation of the project.
→ Review of effectiveness of the plan against attainment of objectives.

→ Convert the project plan into a schedule.
→ Utilize schedules to monitor, control, and report work progress.
→ Update for progress and incorporate changes.
→ Analyze the schedule to identify critical activities and work paths and forecast future trends.

→ Measuring work progress.
→ Using earned value to report on past performance and predict future performance.
→ Cost and schedule performance.
→ Fixed budget earned value.
→ Variable budget earned value.
→ Budget and schedule baselines.
→ Control account baselines.
→ Performance analysis, trending and forecasting.

→ Delineate the role of the project manager in project planning.
→ State common planning strategies.
→ List and explain the major components of project planning.
→ Explain the importance of project planning.
→ Calculate installed quantities (progress) for construction activities.
→ Define how actual labor work hours are collected using time cards.
→ Analyze labor cost performance using earned value, unit rates, and variance analysis.
→ Components of labor costs i.e., quantities, installed production rates, and wage rates.
→ List and explain the basic requirements of a contract.
→ Understand how contracts may become defective and possibly unenforceable.
→ State the types of contracts typically employed in capital projects, their requirements, and the potential advantages and disadvantages of each.
→ Clarify what types of claims may arise on contracts for capital projects.
→ State how disputes arising under contracts may be resolved.

→ Calculate simple and compound interest rates, as well as solve interest problems using basic single payments, uniform series, and gradient formulas.
→ Calculate present value, future value, and equivalent uniform annual value of cash flow series.
→ Determine the discounted rate of return of a cash flow series.
→ Evaluate and select the best alternative using present value, future value, equivalent uniform annual value, and discounted rate of return.
→ Compare alternatives using the benefitcost ratio.

→ Basic definitions and terminologies in probability and statistics.
→ Frequency distribution, the cumulative probability curve, and the normal curve.
→ Statistical techniques in decision making such as market and/or risk analyses.
→ Explain basic steps of a risk management process.
→ Describe risk mitigation options.
→ Decision tree analysis