CCSPCertified Cost Professional
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Advanced
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Course Overview
This course is beneficial to any cost engineer or individual who is working in a cost control/project management environment wanting to grow and advance their knowledge of cost engineering, and fast track their career. The aim of each session is to equip delegates with practical skills and knowledge to become better cost engineers. It is more than just a course to make delegates pass a certification exam.
A CCP is an experienced practitioner with advanced knowledge and technical expertise to apply the broad principles and best practices of the TCM framework. Specifically covering aspects of Cost Engineering this certification also includes the wider integration of Project Controls incorporating Cost Estimating, Planning & Scheduling, Cost Control and Risk Management. CCP’s also demonstrate the ability to research and communicate aspects of the TCM principles and practices to all levels of a project or program, both internally and externally.
Key Takeaways
1
Understand what makes up cost i.e., the basic resources (material, labor, etc.) that are needed to perform an activity or create an asset.
2
Learn to set goals and objectives that planned endeavors must meet.
3
Understand the basic steps of a risk management process and risk mitigation.
4
Learn to calculate simple and compound interest rates, as well as solve interest problems using basic single payments, uniform series, and gradient formulas.
5
Become skilled in using earned value to report on past performance and predict future performance.
LEORON - Professional Development Institute
LEORON is the leading corporate training and EdTech company in the EMEA region, with the most comprehensive learning and development solutions in all strategic corporate functions, including Corporate Finance, HR, Procurement and SCM, Technology, Quality, Operations and Engineering. Through instructor-led sessions, in-company training, and coaching, our faculty of experts deliver over 1200+ programs annually, while 25,000+ professionals are equipped with up-to-date relevant education and the latest tech solutions across the EMEA region.We help our valued clients with a wide range of services, including Training Needs Analysis, Competency Development and Assessment, and custom-built e-Learning solutions that cater to specific industries and knowledge areas.LEORON mission remains boosting competitiveness of our clients worldwide through continuous learning, while we strive to achieve our vision of becoming the best quality corporate training and EdTech Company in the EMEA and the world.Whether our clients are facing difficulties re-organising their brand, equipping their workforce with an extra set of skills or aiming to assess competencies within an existing structure, our development planning is a great solution.LEORON’s mission is to help our worldwide clients boost their competitiveness by improving the competency levels of their employees, through top quality training and development solutions delivered by unrivaled global experts and facilitated by the best training managers in the industry.
Course Outline
Module 1
Cost Due to the importance of the term “cost”, the basic anatomy of costing is discussed in this module.
→ What makes up cost i.e., the basic resources (material, labor, etc.) that are needed to perform an activity or create an asset.
→ The distinction between cost elements that are directly and indirectly applied to an asset.
→ Cost elements to the life cycle of the asset i.e., acquisition, use, and disposal.
→ Cost elements to further understand how cost is measured, applied and recorded to arrive at the total activity and/or asset cost.
→ The distinction between cost elements that are directly and indirectly applied to an asset.
→ Cost elements to the life cycle of the asset i.e., acquisition, use, and disposal.
→ Cost elements to further understand how cost is measured, applied and recorded to arrive at the total activity and/or asset cost.
Module 2
Cost Estimating Project success cannot be supported without accurate knowledge of the cost limits to which the project must be controlled.
→ Common industry classifications of cost estimates.
→ Common methodologies applied to prepare cost estimates of the various classifications.
→ Risk analysis techniques to determine appropriate contingency for an estimate.
→ Common methodologies applied to prepare cost estimates of the various classifications.
→ Risk analysis techniques to determine appropriate contingency for an estimate.
Module 3
Project Planning Good planning is the foundation of successful project implementation. The project planning team is tasked to use their knowledge, experience, resources, and supporting tools to plan the effective implementation of each major element of the project.
→ 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.
→ 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.
Module 4
Scheduling is the process that converts a project work plan into a roadmap which, if followed, will assure timely project completion.
→ 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.
→ 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.
Module 5
Progress and Cost Control Upon completion of this module delegates will be able to define and explain the process, purpose, and advantages and disadvantages of project progress and cost control.
→ 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.
→ 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.
Module 6
Project Management In today’s difficult global business environment it is vital that project management identifies and controls risks, maximizes cost savings, minimizes schedule delays, and improves economic return
→ 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.
→ 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.
Module 7
Economic Analysis Engineering economic analysis is a technique that assists in the solution of substantial engineering problems where economic aspects dominate over a considerable period of time.
→ 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.
→ 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.
Module 8
Statistics, Probability, & Risk Management A successful company collects information so that when analyzed, good decisions can be made.
→ 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
→ 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
Who Should Attend?
This highly practical and interactive course has been specifically designed for
This training is designed for: Project Managers, Planners, Schedulers and Controllers; Cost Engineers; PMO Managers; and line or front managers, site engineers and cost control factory accountants.
FAQ
What language will the course be taught in and what level of English do I need to take part in a LEORON training program?
Most LEORON courses are delivered in English. However, there are some courses offered in Arabic, mainly online. For our in-house courses, sessions can be curated and delivered in any language upon request. In general, the best way to confirm language availability is to check with our Enrollment Managers for the most up-to-date information. Simply click on “Let’s talk on WhatsApp” to chat with us directly.
What formats are the courses offered in?
LEORON delivers training in various formats including face-to-face, live virtual sessions, self-paced learning, in-house delivery as well as online courses.
Are LEORON Public courses certified by an official body/organization?
Yes, most LEORON public courses are accredited by internationally recognized bodies such as CIPD, ATD, PMI, EdEx, and many others—depending on the course.
Who accredits LEORON’s training programs?
LEORON partners with over 20 international bodies such as PMI, CIPD, ATD, EdEx, NASBA, CISI, GARP, HRCI, SHRM, ACCA, ASQ, IIA, ILM, IAC, and others
Are CPD points or PDUs provided?
Yes, learners can earn CPD credits and professional development units (PDUs) including NASBA CPEs, PMI PDUs, CISI, GARP, HRCI, SHRM, and more.
How can I register for a course?
You can register through our website by filling in the inquiry form, or by speaking directly with one of our consultants via WhatsApp or email. Once we confirm your interest, we’ll guide you through the steps.
When is the registration deadline for public courses?
Registration typically closes 14 days before the course start date, with occasional late registrations accepted upon confirmation
What is included in the course fee?
The fee generally covers 5-star venue facilities, training materials, certified instruction, lunches and refreshments, plus certification and membership where applicabl0065
Are there group rates or discounts?
Yes, group bookings and corporate-level discounts are available. Learners are encouraged to reach out to discuss specific arrangements
What support is available with registration?
Enrollment Managers and a Registration Desk assist with the entire process, including deadlines, travel logistics, and course customization. As well as any other special requests you might have. Simply to go your preferred course and click on “Let’s chat on WhatsApp” to do so.
Can I request a bespoke course at my location or within my organization?
Yes, in-house training is fully customizable in terms of curriculum, language, delivery, and timing. You can suggest dates and locations. Simply to go your preferred course and click on “Let’s chat on WhatsApp” in order to address any questions or concerns in this regards.
What is the refund or cancellation policy?
Refund and cancellation policies vary depending on the course type and location. Generally, cancellations made at least 14 days before the course start date may be eligible for a full or partial refund, while cancellations made closer to the course date may incur a fee. For exact terms, please consult your Enrollment Manager or refer to the course confirmation email.
Can I register multiple employees from my company?
Yes. We support group registrations and offer corporate packages for organizations enrolling multiple participants. Our team can help coordinate the logistics for group bookings.
Who should attend these courses?
LEORON caters to a variety of professionals: from those seeking leadership development to project managers, HR specialists, finance professionals, cybersecurity, procurement, Ai enthusiasts and many others.
Do I need prior experience or academic qualifications?
Not always. Many specialized paths, like cybersecurity, accept learners without prior experience. However, some courses (e.g., PMI PDU-based ones) may have recommended prerequisites. Its always better to chat with one of our Enrollment Managers to discuss more. Simply to go your preferred course and click on “Let’s chat on WhatsApp” to do so.
Will I receive a certificate after completing the course?
Yes. Upon full attendance and successful completion, you will receive a certificate of participation or accreditation, depending on the course.
Are meals and refreshments included in face-to-face courses?
Yes. For in-person courses, lunch and coffee breaks are provided daily at the venue.
Can LEORON deliver a course in-house at our organization?
Absolutely. All programs can be delivered privately at your company or virtually for your team, customized to match your internal goals and structure.
Reviews
- Review:IAMM Internal Audit Maturity ModelIn recognition of their dedication and contribution supporting IKEA Saudi Arabia in arranging training programs during 2017 & 2018, looking forward for more development and exciting effort this year. On behalf of IKEA Saudi Arabia, THANK YOU!Dalal KutbiCountry Learning & Development Manager at IKEA Saudi Arabia
- Review:Certified Professional in Quality and Patient SafetyDating back to 2014, Mobily’s “LEORON” experience has grown from a single collaboration to a long-term partnership. We consider ‘’LEORON” Institute as a strategic partner, whose contribution has been nothing but premium in equipping our staff with field-based knowledge and information. Past three years have resulted with an expanded collaboration with superior customer service and support. Best Regards,Turki S. AlsahaanDir L&D, Talent Management at Mobily, Etihad Etisalat Company
- Review:Certified Professional in Quality and Patient SafetySince the partnership was signed between BAE Systems Saudi Development & Training and LEORON in 2017, we have been working together to offer the Saudi market a complete portfolio of training solutions benefiting from the wide and extensive experience of both parties. Recognizing the great success of this partnership, we are looking for further collaborations in the future that will position both companies as one of the leading training providers in Saudi Arabia. We thank the LEORON team for their full cooperation and continuing support, and look forward to further success together in the years to come.Emad AlrajihVP, Business Winning at BAE Systems Saudi Development & Training
- Review:Certified Professional in Quality and Patient SafetyWe have been working with LEORON for the past two years and will be working with them again this upcoming year. The programs they delivered were fruitful and exciting and our organization has received positive feedback from the participants. What our organization aims to do is to provide at no cost training for all the private sector employees so that they may benefit from our offered programs in Innovation and Professional development. LEORON has helped us achieve this goal. We look forward to continuing this service and wish them the best of luck. Regards,Nasser M. Al-SubaieSr. Program Officer, Enterprise Learning & Human Development at Kuwait Foundation for the Advancemen
