A CCP has advanced knowledge as well as technical expertise in applying the broad principles and best practices of Total Cost Management for the planning, execution and management of organizational project. You may think of cost engineering as an adjunct of traditional engineering. The key objectives of cost engineering are: 1, to arrive at accurate cost estimates; and 2, to avoid cost overruns. Cost engineering encompasses a wide range of cost-related aspects of engineering management. Keep in mind, awareness of the related costs is a key factor in making the proper choice of engineering approaches to take. Although the cost engineering exam focuses primarily on the various cost analysis and estimation techniques, basic background knowledge of certain "business management" related disciplines will definitely help for those who have little experience on topics outside of the scope of traditional engineering. To be honest, without possessing solid knowledge on these topics a candidate will have a very tough time mastering the skills of cost engineering. This is especially true when the TCMF (Total Cost Management Framework) methodology is in place to integrate Asset, Operations and Project Management into a single model. We create this study book product referencing the concepts and principles currently valid in the exam. Each practice question comes with an answer and a short explanation which aids you in seeking further study information. For purpose of exam readiness drilling, this product includes questions that have varying numbers of choices. Some have 2 while some have 5 or 6. We want to make sure these questions are tough enough to really test your readiness and draw your focus to the weak areas. Think of these as challenges presented to you so to assess your comprehension of the subject matters. The goal is to reinforce learning, to validate successful transference of knowledge and to identify areas of weakness that require remediation. The questions are NOT designed to "simulate" actual exam questions. "realistic" or actual questions that are for cheating purpose are not available in any of our products. This product includes both study notes and self practice questions in straight forward MC format (not scenario based).