Free AACE International CCP Study Guides Exam Questions and Answer

CCP Exam Dumps, CCP Practice Test Questions

To be eligible to take the CCP Certification Exam, candidates must meet specific educational and professional requirements. They must possess at least a bachelor's degree in engineering, construction management, business, or a related discipline, and have a minimum of four years of professional experience in cost engineering, project management, or a related field. Alternatively, candidates with a high school diploma or equivalent may qualify with eight years of experience in cost engineering or a related field.

 

NEW QUESTION # 24

The following question requires your selection of CCC/CCE Scenario 2 (2.3.50.1.2) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
6,573 hours have been expended to date. Planned completion at this time is 60%. The project is determined to be 55% complete. How many hours have been earned?

• A. 6,573
• B. 7,200
• C. 6,960
• D. 6,600

Answer: A

NEW QUESTION # 25
The process of stating goals and determining the most effective way of reaching them is the definition for:

• A. Planning
• B. Mission Statement
• C. Managing
• D. Implementing

Answer: A

NEW QUESTION # 26
A schedule's late dates are calculated during the:

• A. Float
• B. Backward pass
• C. Loop calculations
• D. Forward pass

Answer: B

NEW QUESTION # 27

The following question requires your selection of CCC/CCE Scenario 6 (2.7.50.1.3) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
What is the range of estimated quantities?

• A. $26.78 to $75.00
• B. $45 to $530
• C. $485
• D. $48.22

Answer: B

NEW QUESTION # 28
A major theme park is expanding the existing facility over a five-year period. The design phase will be completed one year after the contract is awarded. Major engineering drawings will be finalized two years after the design contract is awarded and construction will begin three years after the award of the design contract. New, unique ride technology will be used and an estimate will need to be developed to identify these costs that have no historical data.
Resource planning must take all of the following into account except:

• A. Types of materials, equipment and labor skills required to complete the project
• B. Earned value techniques established for the project
• C. Cash flow (expenditures) limitations for completing work on the project
• D. Time available to complete the project

Answer: B

NEW QUESTION # 29
An agricultural corporation that paid 53% in income tax wanted to build a grain elevator designed to last twenty-five (25) years at a cost of $80,000 with no salvage value. Annual income generated would be $22,500 and annual expenditures were to be $12,000.
Answer the question using a straight line depreciation and a 10% interest rate.
Which of the following would NOT be considered part of a project cost and schedule forecast?

• A. Peripherals report
• B. Changes to the project execution plan
• C. Usage of contingency
• D. Current trends of time and money

Answer: A

NEW QUESTION # 30
Listening to what is being said by all members of a group or audience and then summarizing or interpreting is called______________.

• A. Facilitative listening
• B. Visual listening
• C. Non-listening
• D. Directive listening

Answer: D

NEW QUESTION # 31
An agricultural corporation that paid 53% in income tax wanted to build a grain elevator designed to last twenty-five (25) years at a cost of $80,000 with no salvage value. Annual income generated would be $22,500 and annual expenditures were to be $12,000.
Answer the question using a straight line depreciation and a 10% interest rate.
The following question requires your selection of CCC/CCE Scenario 17 (4.2.50.1.1) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
Annual estimated tax would be:

• A. $10,500
• B. $11,925
• C. $3,869
• D. $5,565

Answer: D

NEW QUESTION # 32

The following question requires your selection of CCC/CCE Scenario 28 (3.7.50.1.7) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
A reason for using a Construction Manager type agreement is:

• A. To better coordinate subcontractors
• B. Coordinate the owner and engineer as in Type A
• C. To better coordinate contractors and subcontractors as in Type B
• D. To better coordinate contractors

Answer: B

NEW QUESTION # 33
An agricultural corporation that paid 53% in income tax wanted to build a grain elevator designed to last twenty-five (25) years at a cost of $80,000 with no salvage value. Annual income generated would be $22,500 and annual expenditures were to be $12,000.
Answer the question using a straight line depreciation and a 10% interest rate.
The following question requires your selection of CCC/CCE Scenario 17 (4.2.50.1.1) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
Depreciation (in the United States) is calculated in accordance with which of the following?

• A. Accelerated Cost Recovery System (ACRS)
• B. Modified Accelerated Cost Recovery System (MACRS)
• C. The Federal IRS Reform Act (FIRSRA)
• D. Generally Accepted Accounting Practices (GAAP)

Answer: A

NEW QUESTION # 34

The following question requires your selection of CCC/CCE Scenario 4 (2.7.50.1.1) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
What is the cost index value of copper at the end of Year 2? (rounded to 2 decimal positions)

• A. 4.62
• B. 4.24
• C. 4.31
• D. 4.10

Answer: C

NEW QUESTION # 35
A major theme park is expanding the existing facility over a five-year period. The design phase will be completed one year after the contract is awarded. Major engineering drawings will be finalized two years after the design contract is awarded and construction will begin three years after the award of the design contract. New, unique ride technology will be used and an estimate will need to be developed to identify these costs that have no historical data.
According to Maslow's hierarchy of needs, giving the employees an award that acknowledges their achievements is most likely to satisfy which level of need?

• A. Power needs
• B. Self-actualization
• C. Belonging needs
• D. Safety needs

Answer: B

NEW QUESTION # 36
A major theme park is expanding the existing facility over a five-year period. The design phase will be completed one year after the contract is awarded. Major engineering drawings will be finalized two years after the design contract is awarded and construction will begin three years after the award of the design contract. New, unique ride technology will be used and an estimate will need to be developed to identify these costs that have no historical data.
The latest allowable end time minus the earliest allowable end time on a schedule activity is referred to as:

• A. Activity total slack
• B. Free float
• C. Remaining duration
• D. Just-in-time" scheduling

Answer: A

NEW QUESTION # 37
Any combination of unique letters, numbers, or blanks, which describes and identifies any activity or task shown on the schedule, is:

• A. Account number
• B. Activity ID
• C. WBS Code
• D. Resource

Answer: B

NEW QUESTION # 38
An agricultural corporation that paid 53% in income tax wanted to build a grain elevator designed to last twenty-five (25) years at a cost of $80,000 with no salvage value. Annual income generated would be $22,500 and annual expenditures were to be $12,000.
Answer the question using a straight line depreciation and a 10% interest rate.
The following question requires your selection of CCC/CCE Scenario 17 (4.2.50.1.1) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
What is the 25 year after tax present worth of this project?

• A. $13,738
• B. $(22,533)
• C. $22,533
• D. $137,466

Answer: C

NEW QUESTION # 39
Budgeted cost of work scheduled is all of the following except:

• A. Baseline for performance measurement
• B. Includes portion of the budget for level-of-effort work
• C. Sum of the budgets for work scheduled
• D. Total costs incurred in accomplishing work in a given-time period

Answer: B

NEW QUESTION # 40
A major theme park is expanding the existing facility over a five-year period. The design phase will be completed one year after the contract is awarded. Major engineering drawings will be finalized two years after the design contract is awarded and construction will begin three years after the award of the design contract. New, unique ride technology will be used and an estimate will need to be developed to identify these costs that have no historical data.
Profits that could not be formally recognized during a specific financial accounting period because the goods and services did not satisfy all the customer's requirements are:

• A. Marginal profits
• B. Lost profits
• C. Postponed profits
• D. Incurred profits

Answer: C

NEW QUESTION # 41
In a fixed price contract the:

• A. Contractor has no risk in the project
• B. Contractor is paid for actual costs
• C. Contactor assumes all the performance risk
• D. Owner has all the risk

Answer: C

NEW QUESTION # 42
A major theme park is expanding the existing facility over a five-year period. The design phase will be completed one year after the contract is awarded. Major engineering drawings will be finalized two years after the design contract is awarded and construction will begin three years after the award of the design contract. New, unique ride technology will be used and an estimate will need to be developed to identify these costs that have no historical data.
Which of the following methods a used for creating critical path schedules:

• A. Precedence diagram method
• B. Arrow diagram method
• C. Gantt chart (bar chart) method
• D. Precedence and arrow diagram methods only

Answer: D

NEW QUESTION # 43
An agricultural corporation that paid 53% in income tax wanted to build a grain elevator designed to last twenty-five (25) years at a cost of $80,000 with no salvage value. Annual income generated would be $22,500 and annual expenditures were to be $12,000.
Answer the question using a straight line depreciation and a 10% interest rate.
The following question requires your selection of CCC/CCE Scenario 17 (4.2.50.1.1) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
All of the following are included in "income tax" calculations except:

• A. Initial cost of investment
• B. Annual expenditures
• C. Depreciation
• D. Annual income

Answer: A

NEW QUESTION # 44
Which of the following is NOT an aspect of quality management?

• A. Quality planning
• B. Quality checking
• C. Quality control
• D. Quality assurance

Answer: B

NEW QUESTION # 45
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