The Certified Cost and Estimation Manager (CCEM) program is a prestigious certification meticulously designed to equip individuals with advanced knowledge and expertise in the specialized field of cost estimation and management. Accurate cost estimation is critical in various industries, including construction, manufacturing, and project management. The CCEM program offers a comprehensive curriculum that covers cost estimation techniques, cost control strategies, project budgeting, and risk management, ensuring that graduates are well-prepared to excel in roles that demand precision and proficiency in cost management.

Certification Program Objectives:

Upon completing the Certified Cost and Estimation Manager (CCEM) program, participants will be able to:

• Master Various Cost Estimation Techniques: Develop a deep understanding and proficiency in a range of cost estimation methods, from parametric and analogous estimation to bottom-up estimation.
• Effectively Utilize Cost Estimation Software: Learn how to use cutting-edge cost estimation tools and software to enhance accuracy and efficiency in estimating project costs.
• Mitigate Cost Risks: Identify potential cost risks and develop strategies to manage and mitigate these risks effectively, ensuring projects stay within budget.
• Create Accurate Cost Baselines: Develop comprehensive cost baselines and budgets that align with project objectives and provide a solid foundation for cost management.
• Implement Earned Value Management (EVM): Apply Earned Value Management principles to monitor project costs, measure performance, and make informed decisions to keep projects on track.
• Adapt to Agile Project Environments: Understand how to tailor cost estimation practices to Agile project management methodologies, where flexibility and adaptability are key.

Certification Requirements:

• Bachelor’s Degree

And/or

• 2 – 5 years of relevant work experience

Certifying Examination:

• To be certified as CCEM, student should take up a 1.5 hours online exam conducted by AIBM.
• The qualifying exam would consist of 50 multiple choice questions, testing core certification modules.
• Professionals with relevant experience and other qualifying criteria may be exempted from the examination.

Certification Modules:

1. Cost Estimation Fundamentals
2. Advanced Cost Estimation Techniques
3. Cost Estimation Tools and Software
4. Risk Management in Cost Estimation
5. Cost Baseline Development and Budgeting
6. Monitoring, Controlling, and Reporting Costs

* The modules of the certification are constantly updated and are subject to change.

Who Should Do This Certification:

The Certified Cost and Estimation Manager (CCEM) certification is highly beneficial for professionals across various roles and industries, including:

• Project Managers: Seeking to enhance their skills in cost estimation and budget management.
• Cost Estimators: Professionals responsible for accurately predicting project costs.
• Finance and Accounting Professionals: Interested in expanding their expertise in project cost management.
• Risk Managers: Looking to incorporate cost risk assessment into their risk management practices.
• Engineers and Architects: Involved in project planning and cost estimation.
• Business Analysts: Seeking to improve their cost analysis and budgeting skills.

Earning the CCEM certification signifies your mastery of cost estimation techniques and your ability to effectively manage project costs. Whether you are already working in project management or aim to specialize in cost estimation, this certification equips you with the knowledge and skills needed to excel in roles that demand advanced proficiency in cost management.