Certified Cost Technician Course

Course Contents

CCT PART I

Day One :

• Cost Concepts
• Factor Estimating
• Escalation
• Future Value of Money

Day Two :

• Financial Risk Management
• Contingency Calculations
• Project Control
• Cost Control
  • Cost Report
  • Earned Value
• Progress Measurement
• A Variable Budget System

CCT PART II

Day One :

• Code of Accounts
• Productivity
• Project Organisation
• Planning
• Scheduling

Day Two :

• Change Management
• Document Control
• Final Project Report
• Contracts
• OPEX
• Data and Indices
• Descriptive Statistics

The Skills of this Course is based on the experience of Hub Paquay

Knowledge references:

• Hub Paquay
• Skills & Knowledge 5th Edition AACE

Course Materials

Part I Day I

• Scope on Estimating
• Slides
  • Cost Concepts in the environment of OPEX and CAPEX
  • Estimating
    • Requirements for the estimating process
    • Factor Estimating
    • Basis of an Estimate
  • Escalation
  • Concepts and important elements that influence cost
  • Future Value of Money
• Data
  • Rates
  • Factors
  • Index
• Workshops

Part I Day II

• Slides
  • Financial Risk Management
  • Risk
    • Business Risk
    • Unforeseen Elements of Risk
    • Fundamental Risk Management Approach
      • Identification
      • Assessment
      • Analysis
      • Mitigation
    • Contingency
      • Purpose
      • Calculation definition
    • Project Control
      • Definition
      • Process
      • Requirements
    • Cost Control
      • Definition
      • Requirements
      • Cost Report
    • Progress Measurement
      • Definitions and methods
      • Calculations
      • Earned Value
    • Variable Budget
      • Definition
      • Characteristics
• Data
• Workshops

Part II Day I

• Slides
  • Code of Accounts
  • Time Management
  • Productivity
    • Cost of Waste
    • Factors effecting productivity
    • Corrective action
    • Productivity Calculations
    • Incentive programs
  • Project Organisation
  • Planning
    • Planning steps
    • Planning items
  • Scheduling
    • Types of Scheduling
    • Methods of scheduling
    • Concepts
      • Float
      • Critical path
• Workshops

Part II Day II

• Slides
  • Change management
    • Change Order
    • Variation order
    • Budget Shit
    • Design Change Order
    • Site Instruction
    • How do we control a Change Order
  • Document Control
  • Final Job Report
  • Contracts
    • Requirements
    • Type of Contracts
    • Contract arrangements
    • Concepts
    • Disputes resolution
  • Opex
    • Direct Cost
    • Indirect Cost
    • Administration Cost
    • Advertising and Distribution Cost
  • Depreciation
  • Data and Indeces
  • Discriptive Statistics
• Workshops