Copyright

Cost Engineering Training Programs and Courses

Learn about training programs and courses that are related to cost engineering. See program coursework, employment outlook projections and salary statistics.

View 1 Popular School »

Essential Information

Individuals working in engineering and construction-related occupations who want to transition their careers to the project management side of their profession may consider training in cost engineering. While the subject is often taught within an engineering degree program, a small number of stand-alone training programs are available from universities and professional organizations.

A training program in cost engineering prepares engineers to use a systematic, scientific approach to estimate the total cost of a project, from initiation to completion. Program content touches on the time value of money, profitability analysis, budgeting, scheduling and project management. Assignments typically include a series of cost estimating problems patterned after real world examples. The standalone training programs can be completed in less than a year, and some are offered online.

Some of these programs are designed for current engineers; however, other programs accept applicants who have earned at least an undergraduate degree. Applicants should have significant professional experience.

Program Coursework

Rather than multiple courses, training programs tend to consist of a single course divided into multiple modules. Cost engineering module topics typically include:

  • Capital and operating budgets
  • Financing alternatives
  • Overhead expense analysis
  • Break-even analysis
  • Payback periods
  • Cash flow, depreciation and taxes
  • Cost capacity and cost improvement curves

Employment Outlook and Salary Info

Graduates of a cost engineering training program can seek positions that go by a variety of names, including cost estimator, quantity surveyor, value engineer or claims consultant, and often work in the construction or manufacturing industries. The U.S. Bureau of Labor Statistics (BLS) predicted employment of cost estimators to grow 36% from 2010-2020, which is much faster than the average for all occupations; this growth will be driven by the need for estimators on infrastructure projects. The BLS also stated that the median salary of cost estimators as of May 2012 was $58,860.

Continuing Education Information

Many cost engineering training programs prepare students for certification by the Association for the Advancement of Cost Engineering (AACE). The Certified Cost Technician designation requires four years of experience or education and passage of a 2-part exam. To obtain the more advanced Certified Cost Engineer certification, candidates must accumulate eight years of experience or education, submit a technical paper and pass a 4-part exam.

Show me popular schools

Related to Cost Engineering Training Programs and Courses

  • Related
  • Recently Updated
  • Popular

Popular School

Other Schools:

  • School locations:
    • California (1 campus)
    Areas of study you may find at Stanford University include:
      • Graduate: Doctorate, First Professional Degree, Master
      • Undergraduate: Bachelor
    • Engineering
      • Aeronautical and Astronautical Engineering
      • Biomedical and Medical Engineering
      • Chemical Engineering
      • Civil Engineering
      • Electrical Engineering and Electronics
      • Environmental Engineering
      • Industrial Engineering
      • Materials Engineering
      • Math
      • Mechanical Engineering
      • Petroleum Engineering
      • Systems Engineering
  • School locations:
    • Pennsylvania (1 campus)
    Areas of study you may find at University of Pennsylvania include:
      • Graduate: Doctorate, First Professional Degree, Master
      • Post Degree Certificate: First Professional Certificate, Post Master's Certificate, Postbaccalaureate Certificate
      • Undergraduate: Associate, Bachelor
    • Engineering
      • Biomedical and Medical Engineering
      • Chemical Engineering
      • Civil Engineering
      • Computer Engineering
      • Electrical Engineering and Electronics
      • Environmental Engineering
      • Geological Engineering
      • Materials Engineering
      • Math
      • Mechanical Engineering
      • Systems Engineering
  • School locations:
    • North Carolina (1 campus)
    Areas of study you may find at Duke University include:
      • Graduate: Doctorate, First Professional Degree, Master
      • Post Degree Certificate: Postbaccalaureate Certificate
      • Undergraduate: Bachelor
    • Engineering
      • Biomedical and Medical Engineering
      • Civil Engineering
      • Electrical Engineering and Electronics
      • Math
      • Mechanical Engineering
  • School locations:
    • Indiana (1 campus)
    Areas of study you may find at University of Notre Dame include:
      • Graduate: Doctorate, First Professional Degree, Master
      • Undergraduate: Bachelor
    • Engineering
      • Aeronautical and Astronautical Engineering
      • Chemical Engineering
      • Civil Engineering
      • Computer Engineering
      • Electrical Engineering and Electronics
      • Environmental Engineering
      • Math
      • Mechanical Engineering
  • School locations:
    • Tennessee (1 campus)
    Areas of study you may find at Vanderbilt University include:
      • Graduate: Doctorate, First Professional Degree, Master
      • Undergraduate: Bachelor
    • Engineering
      • Biomedical and Medical Engineering
      • Chemical Engineering
      • Civil Engineering
      • Computer Engineering
      • Electrical Engineering and Electronics
      • Environmental Engineering
      • Materials Engineering
      • Math
      • Mechanical Engineering
  • School locations:
    • Florida (1 campus)
    Areas of study you may find at University of Florida include:
      • Graduate: Doctorate, First Professional Degree, Master
      • Post Degree Certificate: Post Master's Certificate
      • Undergraduate: Associate, Bachelor
    • Engineering
      • Aeronautical and Astronautical Engineering
      • Biological and Agricultural Engineering
      • Biomedical and Medical Engineering
      • Chemical Engineering
      • Civil Engineering
        • Construction Engineering Technologies, General
      • Computer Engineering
      • Electrical Engineering and Electronics
      • Environmental Engineering
      • Materials Engineering
      • Math
      • Mechanical Engineering
      • Nuclear Engineering
      • Ocean Engineering
      • Surveying
      • Systems Engineering
  • School locations:
    • New York (1 campus)
    Areas of study you may find at Cornell University include:
      • Graduate: Doctorate, First Professional Degree, Master
      • Non-Degree: Coursework
      • Undergraduate: Bachelor
    • Engineering
      • Aeronautical and Astronautical Engineering
      • Biological and Agricultural Engineering
      • Biomedical and Medical Engineering
      • Chemical Engineering
      • Civil Engineering
      • Electrical Engineering and Electronics
      • Engineering Mechanics
      • Engineering Physics
      • Environmental Engineering
      • Industrial Engineering
      • Materials Engineering
      • Math
      • Mechanical Engineering
      • Nuclear Engineering
      • Systems Engineering
  • School locations:
    • Florida (1 campus)
    Areas of study you may find at University of Miami include:
      • Graduate: Doctorate, First Professional Degree, Master
      • Non-Degree: Certificate
      • Undergraduate: Bachelor
    • Engineering
      • Aeronautical and Astronautical Engineering
      • Biomedical and Medical Engineering
      • Civil Engineering
      • Computer Engineering
      • Electrical Engineering and Electronics
      • Engineering - Architectural
      • Environmental Engineering
      • Industrial Engineering
      • Manufacturing Engineering
      • Math
      • Mechanical Engineering
  • School locations:
    • Kentucky (1 campus)
    Areas of study you may find at University of Louisville include:
      • Graduate: Doctorate, First Professional Degree, Master
      • Non-Degree: Certificate
      • Post Degree Certificate: Post Master's Certificate, Postbaccalaureate Certificate
      • Undergraduate: Associate, Bachelor
    • Engineering
      • Chemical Engineering
      • Civil Engineering
      • Computer Engineering
      • Electrical Engineering and Electronics
      • Environmental Engineering
      • Industrial Engineering
      • Math
      • Mechanical Engineering

Popular Schools

Avg. Wages For Related Jobs

Source: Bureau of Labor Statistics