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Wow great minds think alike, I was just thinking that after posting about the Scrum/Kanban certifications. Estimation is such a huge field with a lot of contention (just ask Sergio lol). I think in many ways estimating is just as important if not more than scheduling, and they already have a certification for that. But more numbers, formulas and calculations? Man it's driving me crazy.
PMI is working on a new version of the actual practice standard related to estimation. The standard will be published this year. As you know estimation included all related to any type of estimations inside the project (costs for example). I am part of it. But I do not know about a certification. If you ask me, creating an standard or a certification on the field has no sense. Why? Because there are a lot of well documented methods and variances outside there from 1960. But as any other things people do not know or take the less effort way. The problem with estimation is not the methods. The problem is the attitude to manage all the process mainly when the estimations must be published and must be presented for acceptance. As you know, usually the first answer for top management is "no way" and that is the natural answer to receive because they have a need to be satisfy and by definition of need you will always receive that answer.
I think it will be the best to go
You are just trying to get my "Captain Picard Double Face Palm" reaction :-)
I believe there might be similar credentials already offered for this in the construction space by other associations but regardless, I don't think there would be sufficient demand within PMI's membership to justify launching this, and it is such a specialized competency that I can't see it being heavily referenced in mainstream job posts.
The only reputable cost certification I am aware of is offered by AACE Intenational and called CCP (Certified Cost Professional).
I beg to differ little bit with you and of course this is based on my international eperience in the far east, middle east & the gulf region. Such certifications are in high demand (Probably for the time being a bit more than PgMP, ACP & PfMP, PBA) and as I said to Sante, I am aware of one highly reputable certification related to cost offered by AACE International. I also know that PMI is well known and their certifications are highly desirable so if they introduce a certification like this, you might be surprised how much interest it will gain (If the fee is reasonable).
What you mentioned makes sense but people look at things differently especially in different countries. Like I mentioned below, I assure you that such certification will be highly desirable in regions like the middle east and gulf region.
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