AACE Certified Estimating Professional Preparatory Course

₦346,000.00

Certified Estimating Professional (An AACE Certification Prep Course) provided by Lonadek Nigeria Limited, is a three (3) day course designed to equip participants to become CEP professionals with vital expertise to contribute to the economic evaluation of potential projects by supporting the development of budgets, project resource requirements, and value engineering. By applying the estimating body of knowledge as outlined in AACE’s Recommended Practice 46R-11, the CEP estimates costs of a determined scope in order to advise management on project funding decisions. The CEP’s ability to clearly communicate cost estimates, both verbally and written, to all project stakeholders is critical to their success. This intensive course prepares and equips participants towards the AACE Certification credential examination: Certified Estimating Professional (CEP). Participants also become acquainted with key terminologies and techniques in addition to obtaining international certification, as well as achieving professional and career development.

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Description

Upon completion of this course, participants will be able to:

  • Apply project cost estimating and control to their projects.
  • Learn the concepts, theories, methodology, tools, and techniques through Portfolio, Program, and Project Management.
  • Know how to integrate the theories of Total Cost Management (TCM)- Develop a practical understanding of TCM as it applies to their specific industry. (All courses will use actual examples from their sector) That is, to provide a means to “bridge the gap” from the THEORY to real-life IMPLEMENTATION.

Eligibility Requirements

  • 8 years of related experience or
    4 years industry related experience + 4-year industry related college degree
  • Adherence to AACE’s Canons of Ethics

CEP Examination Investment

While AACE membership is not required for certification, members benefit from reduced examination fees.

  • US$525 for members
  • US$690 for non-members
  • US$260 resit fee (member and non-members)

All fees are due upon submission of an application and are non-refundable. The fee includes AACE eligibility documentation review and a computer-based testing (CBT) fee.

Exam Structure

  • 5 hours maximum
  • 119 simple multiple-choice and compound scenario questions
    • 3 Domains: Basic Estimating Knowledge (50 questions), Complex Estimating Problems (24 questions), and Estimating Process & Practices (45 questions)
  • 1 domain: Communication. Comprised of 1 memo writing assignment with a given scenario and instructions for writing a response in an onscreen text box
  • Closed Book
  • Any style, battery-operated calculator permitted (not provided by the testing center)

Earning the Certification

  • An overall average score of 70% or higher is needed to pass the exam
  • The final exam result is arrived at by averaging the scores of all four domains

    Example:
    Domain 1: 69% (fail domain) +
    Domain 2: 70% (pass domain) +
    Domain 3: 65% (fail domain) +
    Domain 4: 76% (pass domain)
    The sum of domains divided by 4 = average score of 70% (pass the exam)

Please note that it is the policy of the Certification Board, under our accreditation authority, to release results on a Pass or Fail basis only; therefore, no individual score.

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