AACE CCP case studies
AACE CCP · Put your knowledge to work in context.
The Certified Cost Professional (CCP) is a professional credential administered by AACE International, the association behind the Total Cost Management Framework and the Recommended Practices series. It is aimed at practitioners who own or support cost engineering and project controls work - cost estimators, planners and schedulers, project controls engineers, quantity surveyors, and the managers who rely on their outputs. The AACE CCP case studies are 5 cases and about 3,168 words.
1Piping Bid: Congestion Factor vs. Flat Contingency
A mechanical contractor is bidding 14,000 LF of 6-inch stainless process piping for a food-processing plant. The estimator built labor from first principles at 0.55 labor-hours per LF, a rate drawn from two open-bay projects completed in the last three years.
620 words, about 3 min2Negative Float on a Constrained Milestone
During a schedule review of a hospital fit-out, you find that activity M-410 (mechanical rough-in, 12 working days) carries a finish-no-later-than constraint of 15 May, tied to the owner's equipment delivery milestone. The software reports total float of -8 days on M-410 and its predecessor B-210 (26 days).
620 words, about 3 min3Which EAC to Report When the Variance Is Not Uniform
At the month-9 review of a 24-month, 12.0M EPC contract, the control account shows PV = 4.80M, EV = 4.32M, AC = 4.68M. The project manager wants to report EAC = BAC/CPI and tell the client the job is '10% behind schedule.' You know two things he does not.
619 words, about 3 min4A Verbal Direction from the Wrong Person
You are the contractor's project manager on a 22M fixed-price wastewater treatment upgrade. On a site walk, the owner's operations superintendent points into the pump room: 'Move those three MCC panels to the east wall so my operators can reach the valves.
649 words, about 3 min5Two Pumps, Unequal Lives, and a Payback Argument
Your plant is replacing a boiler feed pump at end of life. Two proposals are on the table, evaluated at a 9% MARR in constant dollars.
660 words, about 3 min