Your performance on the exam will be measured against a predetermined standard of knowledge. This standard is the basic knowledge level that can reasonably be expected of individuals with fundamental competence in construction financial management. You will NOT be measured against the performance of the other individuals taking the exam. This means that if everyone who takes the exam meets the knowledge standard, everyone will pass.
The passing score for the CCIFP exam is set by a national panel of people representative of the construction financial management profession who are also certificate holders. These Certified Professionals have reviewed each exam question, evaluated the difficulty of the question, and made a judgment as to how a professional with fundamental competence would perform on the question. Questions that appear to be flawed are reviewed by ICCIFP’s Examination Committee to determine if they should be deleted from scoring entirely or if credit should be given for more than one answer. These judgments are analyzed statistically to determine the passing score.