Preparing for the Certified Cost Professional (CCP) exam can be overwhelming, especially given the sheer volume of recommended study materials. It’s easy to get lost in the details and invest time in areas that may have little to no weight in the actual exam. From personal experience, it’s clear that not all topics are treated equally in the exam. Moreover, many sections covered in the reference materials are barely addressed in the exam, if at all.
This article aims to help exam takers prioritize their study efforts by highlighting the most commonly tested topics in the CCP exam. While an understanding of all study areas is ideal, focusing on the high-impact subjects can make your preparation more efficient. Let’s break down where to focus your attention in each area to maximize your chances of success.
Cost
1. Elements of Cost
2. Constructability
3. Activity Cost-Based Management (ABC/M)
Economic Analysis, Statistics and Probability and Risk
4. Statistics and Probability
5. Time value for money (P, F, I)
6. Cash Flow Analysis and NPV
7. Depreciation
8. Investment Decision-Making
9. Escalation
10. Risk Management
11. Optimization
Cost Estimating
12. Cost Estimate Classification
13. Cost Estimating Methodologies
14. Breakeven Analysis
Project Management
15. Contract Types
16. Contracting Arrangement
17. Value Engineering
18. Strategic Asset Management
19. Quality Management
20. Project Communication
21. Leadership and Management of People
22. Project Organization Structure
Progress and Cost Control
23. Performance and Productivity Management
24. Earned Value
Planning and Scheduling
25. Planning vs Scheduling
26. CPM and Diagram Calculations
While the CCP study materials are extensive, not all topics carry equal importance in the actual exam. By focusing on the most frequently tested areas, you can streamline your Certified Cost Professional (CCP) exam preparation and use your time more effectively. This approach doesn’t replace comprehensive study, but it helps ensure that your energy is directed where it matters most.
Regards,
Osama Saad, MBA, PMP, PSP, CCP, PMI-SP
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