Certified Cost Professional (CCP) FAQ
What is a Certified Cost Professional?
A Certified Cost Professional (CCP) is an expert practitioner with excellent knowledge and technical expertise to implement the broad principles and best practices of Total Cost Management (TCM) in the planning, accomplishment, and management of any organizational project or program. Certified Cost Professionals also show the capacity to research and communicate features of TCM principles and practices to all levels of the project or program stakeholders, both internally and externally.
How many levels of certifications does AACE offers?
AACE offers three different certification types –
- Technician Level Certifications
- Professional Level Certifications
- Expertise Level Certifications
The Certified Cost Professional (CCP) exam is a professional level examination.
Do I have to be a member to take a certification exam?
No. You are not required to be an AACE member to sit for an AACE certification exam. However, there are many benefits to AACE membership such as discounted certification exam fees, discounted recertification fees, discounted study materials, free Recommended Practices downloads, free TCM Framework download, and much more.
Where can I take an exam?
AACE certification exams are only delivered at Kryterion designated testing centers (over 800 worldwide). You may preview the cities/states/countries by clicking here.
What are the learning objectives of the Certified Cost Professional (CCP) exam?
The learning areas of the Certified Cost Professional (CCP) exam are:
- Calculate the feasibility of an investment using various engineering economics tools and techniques.
- Estimate and measure the progress and performance of a project.
- Understand the role of effective project management and scheduling for successful project delivery.
- Understand the basic definitions and terminologies used in the total cost management framework.
How long do I have to take an exam?
Once you receive your clearance email, you have six months in which to take your exam up to three times – two of those attempts would be at a reduced fee.
What if I have to cancel a scheduled exam?
You must contact AACE certification staff at [email protected] or +1-304-296-8444, ext. 1110. A fee may apply if there is less than a 72-hour notice.
What if I have to reschedule a scheduled exam?
If it is greater than 72 hours’ notice, you will log in to your Kryterion test taker profile and reschedule the exam to another date, time and location (if desired), with no additional fees.
If it is less than 72 hours’ notice, you are required to contact certification staff at [email protected] or +1-304-296-8444, ext. 1110. A fee will apply.
What do I need to take with me on exam day?
You will need to take two IDs, one of which must be a government-issued photo ID.
When do I get my exam results?
- CCT & CST exam results are given immediately upon completion of the exam.
- CCP exam results are given within a few business days, as the technical paper component must be included in the result.
- CEP, CFCC, DRMP, EVP & PSP exam results are not given immediately, as the written portions of the exam (memo/essay) must be graded and averaged with your multiple-choice exam result. Memos and essays are sent to be graded during monthly grading cycles (on or around the 15th, depending on what day it falls) and results are given approximately 2-3 weeks following.
What score do I have to get on my exam to pass?
You must receive 70% for your overall result to pass. For CCP, you must also pass your technical paper to pass the overall exam.
Will I get a numerical score for my exam?
It is the policy of the Certification Board, in accordance with our accreditation authority, to release results on a Pass/Fail basis only; therefore, no individual scores will be given.
Why do I have to recertify?
Recertification is necessary to verify continuing competence for maintaining AACE certification for an additional certification term.
How do I recertify?
You must complete an application through your AACE profile. You may choose to apply for Recertification by Activity or Recertification by Examination from the menu options before your expiration date. There is no opportunity to apply for recertification in any other manner.
How often do I need to recertify?
Recertification is every three years.
When can I recertify by exam?
You can recertify by exam, up to six-months prior to your expiration date.
How long does my paper have to be?
Your paper must be at least 2,500 words and shouldn’t be more than 5,000.
How long is my paper valid?
Your technical paper must be current and written within the last three years. If your paper passed but you are retaking the exam, your passed paper is valid for three years from the date written.
How can I prepare for the Certified Cost Professional (CCP) exam?
The candidate can prepare for the Certified Cost Professional (CCP) exam by some steps such as visiting the official site, learning, and understanding the objectives, books and guides, practice test, training programs, etc.
