The Certified Estimation Professional (CEP) program is a prestigious certification designed to recognize individuals with advanced knowledge and expertise in the field of estimation and cost analysis. Estimation professionals play a pivotal role in various industries, ensuring that projects are accurately budgeted, resources are optimized, and cost control is maintained. Professionals with CEP certification are acknowledged for their mastery in estimation techniques, cost analysis, risk assessment, and the practical application of estimation principles.

The CEP program encompasses a comprehensive curriculum, comprising various modules, each focusing on specific aspects of estimation and cost analysis. These modules provide participants with an extensive understanding of estimation methodologies, cost forecasting, risk assessment, and real-world application of estimation practices.

Certification Learning Objectives:

Upon completing the Certified Estimation Professional (CEP) program, participants will acquire a diverse skill set, including the ability to:

• Estimation Methodologies: Proficiently use estimation techniques, including parametric, analog, and bottom-up methods, to develop accurate project cost estimates.
• Cost Forecasting: Develop comprehensive project cost forecasts, account for contingencies, and ensure accurate budgeting for projects.
• Risk Assessment and Mitigation: Identify and assess estimation-related risks, develop mitigation strategies, and ensure projects stay on budget in the face of challenges.
• Cost Control and Reporting: Implement cost control measures, monitor project expenses, and provide recommendations for cost optimization.

Certification Eligibility Criteria:

To apply for certification from The American Institute of Business and Management (AIBM) and its allied institutions, candidates must meet at least one of the following criteria:

• A Bachelor’s degree from a recognized institution

And/or

• 2 to 5 years of relevant work experience in the related professional field.

Note: Applicants who do not hold a Bachelor’s degree but possess exceptional professional experience and hold significant positions within their organizations in a relevant field may also be considered for certification on a case-by-case basis, subject to the approval of the AIBM evaluation committee.

Certifying Examination:

• To be certified as CEP, 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. Estimation Methodologies and Techniques
2. Cost Forecasting and Budget Development
3. Risk Assessment and Mitigation in Estimation
4. Cost Control Measures and Reporting
5. Advanced Estimation Models and Tools
6. Estimation in Project Management

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

Who Should Do This Certification:

The Certified Estimation Professional (CEP) certification is highly valuable for professionals across various roles and industries, including:

• Estimation Specialists: Those dedicated to developing accurate cost estimates for projects.
• Project Managers: Professionals seeking to enhance their cost management skills and budgeting expertise.
• Financial Analysts: Individuals involved in financial planning, forecasting, and cost analysis.
• Engineers and Architects: Those seeking to integrate cost estimation into their project planning.
• Construction and Procurement Managers: Professionals responsible for managing project budgets and expenses.

Embark on the journey of achieving the CEP certification to become a recognized expert in estimation and cost analysis, deliver projects within budgetary constraints, and advance your career in the dynamic field of project management and financial analysis.