Session 1: Understand the scope of cost engineering and its impact on project success

1. Overview of cost engineering disciplines.
2. The CCP certification journey and professional benefits.
3. AACEI’s Code of Ethics and its implications for CCP-certified professionals.
4. Ethical decision-making in cost estimation, control, and risk management.
5. Case studies on ethical challenges in project cost management.

Session 2: Project Cost Estimating Techniques

1. Order of magnitude estimates, parametric, and analytical methods.
2. Developing detailed estimates: bottom-up, top-down, and activity-based costing.
3. Use of cost databases and historical data for accurate estimation.
4. Incorporating inflation, contingencies, and escalation.

Session 1: Budgeting and Cost Control

1. Techniques for project cost baselines and budgeting across lifecycle stages.
2. Cost tracking: monitoring, controlling, and updating cost forecasts.
3. Variance analysis and techniques for managing project cost overruns.
4. Introduction to Cost Breakdown Structures (CBS) and Work Breakdown Structures (WBS).

Session 2: Earned Value Management (EVM)

1. Principles and benefits of EVM in cost control.
2. Planned Value (PV), Earned Value (EV), Actual Cost (AC) and their interpretation.
3. Planned Value (PV), Earned Value (EV), Actual Cost (AC) and their interpretation.
4. Forecasting final project costs using Estimate at Completion (EAC) and Estimate to Complete (ETC).

1.  Types of cost risks: market conditions, material price fluctuations, scope changes.
2. Qualitative and quantitative risk analysis techniques.
3. Building risk reserves and managing cost contingencies.
4. Monte Carlo simulations and probabilistic forecasting. 

Session 1: Effective Project Planning and Scheduling

1.  Fundamentals of scheduling: Gantt Charts, Critical Path Method (CPM), and PERT analysis.
2. Scheduling impacts on cost performance.
3.  Use of scheduling software (e.g., MS Project, Primavera).

Session 1: Engineering Economy

1. Time value of money calculations
2. Life Cycle Costing (LCC) and its impact on long-term cost planning.
3. Planning and measuring earned value
4. Establishing an EV measurement system
5. Inflation, depreciation, and tax considerations in project budgeting.

1. Full mock exams based on previous AACEI CCP exam formats.
2. Detailed feedback sessions and areas of improvement.
3. Two comprehensive Case studies.

Session 1: Forecasting

1. Factors determining project results
2. Statistical forecasts
3. Estimate at complete
4. To complete performance index
5. Schedule forecasting - EACt

Session 2: EVM criteria review

1. EVM Overview
2. Implementing EVM in oil and gas