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Certified Cost Technician (CCT) – Preparation Course – Certified Program

Location

London, UK

Date

From Date: 02-Sep-2024
To Date: 06-Sep-2024

Duration

5 days

Language

ENGLISH

Discipline

Accounting, Finance

Introduction

Since 1956, AACE International (the Association for the Advancement of Cost Engineering) has provided its members with the resources they need to enhance their performance and ensure continued growth and success.

The Certified Cost Technician (CCT) course will teach you the techniques of estimating, planning and cost control for the various stages of a project, as well as statistics, economics and finance. Having this knowledge will kick-start your career in the industry.

PDUs/CONTACT HOURS OFFERED

Total – 6 CEUs

Objective

Today’s ever?changing business environment requires new approaches to cost engineering management, which has become an important tool for dealing with time?to?market, resources limitations, downsizing and global competition.

This training course will provide participants with a background in the concepts of total cost management and cost engineering. The course addresses area of Total Cost Management through planning and controlling resources, costs, profitability and risk. i.e. managing cost throughout the life cycle of any enterprise, program, facility, project, product or service.

Audience

This course is targeted for those seeking CCT certification represent early-career, young professionals who have not yet achieved the requisite years of experience needed to become certified as a Certified Cost Professional (CCP), or experienced mid- to late-career professionals who are working to advance their cost engineering skills.

Content

Day #1

Course Introduction
- CCT Certification Requirements CCT Certification
- Examination Structure
- Test Your CCT Knowledge
Cost Elements
Cost Dimensions
Cost types
- Materials
- Equipment
- Labor
- Subcontractor
Pricing

Activity-Based Cost Management
Workshop # 1

Day #2

Cost Estimating
- Conceptual Estimating Methodologies
- Deterministic Estimating Methodologies

Project planning
Understanding Time Management Environment
Critical path method (CPM)
Project Budgeting
Workshop # 2

Day #3

Earned Value Overview

Performance and Productivity Management
Workshop # 3
Project Management Fundamentals
Project Organization Structure
Leadership and Management of Project People
Quality Management

Day #4

Value Analysis
Contracting for Capital Projects
Overview of Construction Claims & Disputes
Workshop # 4

Financial & Cash Flow Analysis
Workshop # 5

Day # 5

Statistics & Probability
Optimization

Risk Management Fundamentals
Total Cost Management Overview
Workshop # 6
The International System of Units (SI)

NOTE:

Pre & Post Tests will be conducted.

Post tests will be with minimum pass marks.

80% of attendance is a must to receive Certificate.

Case Studies, Individual & Group Exercises, Project works (making into groups), Role plays, Group Discussions, Last Day Review & Assessments will be carried out as applicable.

Certificate

DEFINE Management Consultancy & Training Certificate of course completion will be issued to all attendees With Valid approved Logo of AACE (Certification Preparatory Training by AACE)

Methodology

A highly interactive combination of lectures and discussion sessions will be managed to maximize the amount and quality of information and knowledge transfer. The sessions will start by raising the most relevant questions and motivating everybody to find the right answers. You will also be encouraged to raise your questions and to share in the development of the right answers using your analysis and experiences. Tests of the multiple-choice type will be made available daily to examine the effectiveness of delivering the course.

Very useful Course Materials will be given.

30% Lectures
30% Workshops and work presentation
20% Group Work& Practical Exercises
20% Videos& General Discussions

Course Details