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Fundamental Skills and Knowledge of Cost Engineering


Registration Cost:

$500 USD Register Now

Course Hours:

~75 hours Preview Course for Free

Course Start Date:

Upon registration Frequently Asked Questions

Course Access Time:

12 months AACE_logo2

Continuing Education Units (CEUs):


Course Description

Engineering-LAS Online Learning has partnered up with AACE International to offer an AACE certification exam prep course. Learn or review the basic knowledge for cost engineers and project controls professionals. Fundamental Skills and Knowledge of Cost Engineering by correspondence is a self-paced, structured method to learn the skills required to be successful. We encourage you to view the Correspondence Course Content before registering.

Learning Outcome

  • Improve or review your knowledge of cost engineering subjects through a structured study guide, study questions and exercises.
  • Practice solving cost engineering problems of varying complexity and difficulty similar to those encountered in the practice of cost engineering.
  • Receive feedback and additional practice problems when warranted.

Course Procedures

The course begins the date we receive your registration and payment. All course work must be completed within 12 months of that date.  The $500 (U.S. dollars) non-refundable registration fee must be paid in advance to Iowa State University.  Upon receiving your payment, we will send you a username and password in order to access the course website where you can download course materials including the course workbook.

The course will cover the fundamental areas in 15 parts through a self-paced, online learning opportunity. Assignments will all be submitted on the course website, reviewed by the course teaching assistant, and then returned with a score and feedback attached. After successful completion of the course, you will receive 7.5 Continuing Education Units (CEUs). You will also receive a certificate of completion issued by Iowa State University. All segments of the course must be completed to earn CEU credit for the course. Partial credit will not be awarded.


You must complete all of the assignments and must receive 70% or better to receive CEUs.

Required Textbook
Skills and Knowledge of Cost Engineering Textbook

Skills & Knowledge of Cost Engineering, 5th Edition, Revised
by Dr. Scott Amos PE, Editor, AACE International, 2010

Now in its 5th edition, this updated and expanded guide for fundamentals is an excellent choice for anyone interested in a concise reference to all aspects of the profession.  The 5th edition includes 31 chapters on cost estimating, planning and scheduling, progress and cost control, project management, economic analysis, risk, and much much more.  This is a very useful book for those studying for the certification exam.

The required textbook can be purchased from the following stores:

*AACE store and will require you to register before ordering.  If you are a member of AACEI, discount can be applied.


Jim Rowings

Jim Rowings, PhD

Jim Rowings is Vice President of Peter Kiewit Sons’, Inc. After graduation in 1975, Jim began his career working for ARAMCO in Saudi Arabia as a construction engineer on projects ranging in scope from 60 million to 2.3 billion dollars.

Jim completed his MSCE, then on his PhD modeling energy use in construction. After completing his PhD in 1982, Jim accepted a faculty position at the University of Kansas. In 1986, Jim moved to Iowa State University as the Professor-in-Charge of Construction Engineering. During his academic career, Jim taught every fundamental construction engineering course and many graduate level courses related to Construction Engineering and Management.

He also authored and co-authored numerous papers and books. On a national level, Jim served in leadership positions as President of AACE, International (Cost Engineers), Chairman of the Engineering Management Group in ASCE, and Chairman of the DBIA Education and Research Foundation. He is a fellow in ASCE and AACE. After 15 years at Iowa State University, Jim joined Peter Kiewit Sons’, Inc. in 2001 as Vice President for Organization Development.

Time Extension

ELO offers a time extension of an extra 12 months for a fee of $200 if you are unable to finish the course in the allotted time.

1-Year Extension for Course


AACE Contact Information or call 1-800-858-COST