How long is the Certified Cost Professional course?

The course runs over 5 days of classroom training, usually Monday to Friday.

When is the next Certified Cost Professional course?

The next public date is 4 - 8 Jan 2027 in London. There are 10 upcoming dates in total.

Where is this course held?

Upcoming sessions run in London, Kuala Lumpur, Istanbul, Frankfurt, Munich, Barcelona, Amsterdam.

Can I take Certified Cost Professional online?

Yes. Every date can also be joined live online in a virtual classroom with the trainer, for £1,280 per participant. Choose "Live online" in the dates table when you register.

How much does the course cost?

Fees start from £2,250 per delegate, depending on the city. Fees include tuition and course materials.

Do participants receive a certificate?

Yes. Delegates who complete the course receive a London Leadership Management Innovation certificate of completion.

Can this course be delivered in-house for our team?

Yes. LLMI can tailor and deliver this course privately for your organisation at your premises or in one of our training cities.

Certified Cost Professional (AF-012) Training Course

Course overview

Why Attend

Effective cost management is essential for keeping projects financially controlled, commercially viable, and aligned with organizational objectives. Cost professionals need a strong command of estimating, budgeting, forecasting, cost control, economic analysis, and performance measurement throughout the project lifecycle. This programme develops the practical and analytical capabilities required to manage project costs, evaluate financial performance, identify variances, and support sound management decisions.

Course Methodology

The programme combines instructor-led sessions, practical calculations, cost-estimating exercises, case studies, forecasting workshops, earned value exercises, group discussions, and project-based scenarios. Participants apply cost engineering principles to realistic situations and develop practical approaches that can be transferred directly to their workplace.

Course Objectives

By the end of this course, participants will be able to:

Apply fundamental cost engineering and cost management principles
Develop reliable project cost estimates and budgets
Establish effective cost control and performance measurement systems
Analyze cost variances and forecast project financial outcomes
Apply economic analysis techniques to support investment decisions
Integrate cost, schedule, risk, and performance information
Prepare meaningful cost reports for management decision-making
Strengthen professional capabilities in project cost management

Target Audience

Cost engineers and cost controllers
Project managers and project controls professionals
Estimators and quantity surveyors
Planning and scheduling engineers
Finance and commercial professionals
Engineers responsible for project budgets and cost performance
Professionals preparing for cost management certification

Target Competencies

Cost engineering
Cost estimating
Budgeting and forecasting
Project cost control
Earned Value Management
Economic analysis
Cost risk management
Performance reporting

Course outline

1Day 1: Cost Engineering and Cost Estimating Fundamentals
- Understanding the role and principles of cost engineering
- Exploring the project lifecycle from a cost management perspective
- Understanding cost classifications, structures, and terminology
- Developing the Cost Breakdown Structure (CBS)
- Applying different estimating methods and techniques
- Understanding estimate accuracy, assumptions, contingencies, and allowances
- Practical exercise: Preparing a structured project cost estimate
2Day 2: Budgeting, Planning, and Cost Control
- Converting estimates into approved project budgets
- Establishing cost baselines and control accounts
- Integrating cost information with the Work Breakdown Structure (WBS)
- Understanding commitments, expenditures, accruals, and cash flow
- Establishing effective project cost control procedures
- Identifying and analyzing cost variances
- Practical exercise: Developing a project cost baseline and control framework
3Day 3: Performance Measurement and Forecasting
- Understanding project performance measurement principles
- Applying Earned Value Management (EVM)
- Calculating and interpreting Cost Performance Index (CPI) and Schedule Performance Index (SPI)
- Forecasting Estimate at Completion (EAC) and Estimate to Complete (ETC)
- Conducting variance and trend analysis
- Developing accurate project cost forecasts
- Practical workshop: Analyzing project cost and schedule performance
4Day 4: Economic Analysis, Risk, and Decision-Making
- Understanding the time value of money
- Applying cash-flow analysis to project decisions
- Using Net Present Value (NPV), Internal Rate of Return (IRR), and payback techniques
- Evaluating alternative investment and project options
- Understanding uncertainty and cost risk
- Applying contingency and risk-based cost analysis
- Practical exercise: Evaluating project alternatives using economic and risk analysis

Schedule

Dates and fees

10 upcoming dates in 7 cities. Fees are per delegate; bring colleagues and every seat is discounted. Every date can also be joined live online for £1,280.

All dates as PDF

January 2027

4JAN 4 - 8 Jan 2027Mon to Fri · 5 daysNext sessionOur home city

LondonUnited Kingdom · Classroom

£2,750per delegate2+ people: £2,200 each

February 2027

1FEB 1 - 5 Feb 2027Mon to Fri · 5 days

Kuala LumpurMalaysia · Classroom

£2,550per delegate2+ people: £2,040 each

March 2027

1MAR 1 - 5 Mar 2027Mon to Fri · 5 days

IstanbulTurkey · Classroom

£3,200per delegate2+ people: £2,560 each

April 2027

5APR 5 - 9 Apr 2027Mon to Fri · 5 daysOur home city

LondonUnited Kingdom · Classroom

£2,750per delegate2+ people: £2,200 each

June 2027

7JUN 7 - 11 Jun 2027Mon to Fri · 5 days

FrankfurtGermany · Classroom

£3,250per delegate2+ people: £2,600 each

July 2027

5JUL 5 - 9 Jul 2027Mon to Fri · 5 days

IstanbulTurkey · Classroom

£3,200per delegate2+ people: £2,560 each

August 2027

2AUG 2 - 6 Aug 2027Mon to Fri · 5 days

MunichGermany · Classroom

£4,250per delegate2+ people: £3,400 each

September 2027

6SEP 6 - 10 Sep 2027Mon to Fri · 5 days

BarcelonaSpain · Classroom

£3,850per delegate2+ people: £3,080 each

November 2027

1NOV 1 - 5 Nov 2027Mon to Fri · 5 days

Kuala LumpurMalaysia · Classroom

£2,250per delegate2+ people: £1,800 each

December 2027

6DEC 6 - 10 Dec 2027Mon to Fri · 5 days

AmsterdamNetherlands · Classroom

£4,250per delegate2+ people: £3,400 each

Live online, on the same dates

Join the class in real time from your office or home: live sessions with the trainer, group discussion, course materials and a certificate of completion. Joining details are emailed before the course starts.

January 2027

4JAN 4 - 8 Jan 2027Mon to Fri · 5 daysNext session

Live onlineVirtual classroom · join from anywhere