Get Ready with CCP Exam Dumps (2023)
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AACE International CCP certification exam is a vital credential in the construction, engineering, and project management fields. Certified Cost Professional (CCP) Exam certification signifies that an individual has the necessary knowledge and expertise in cost engineering concepts, and professionals who have acquired this certification are highly sought after. The CCP certification exam is an opportunity for professionals to attain advanced learning in cost control and management, and earning the credential is an excellent way to advance their careers.
AACE International Certified Cost Professional (CCP) exam is designed to test individuals' understanding and knowledge of cost management principles, practices, and techniques. CCP exam is meant for professionals who have experience in cost management and wish to become certified in their field. It covers a range of topics, including cost estimating and budgeting, cost control and analysis, and project management.
NEW QUESTION # 25
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 following question requires your selection of CCC/CCE Scenario 26 (2.5.50.1.2) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
What information is needed to develop a Class 2 definitive estimate?
- A. Square footage of facilities, factored indirects and home office costs
- B. Vendor quotes, home office detailed estimate, preliminary quantities with labor, material, and factors applied
- C. Preliminary quantities with labor, material, and factors applied, square footage of facilities, minimum contingency detailed indirect costs
- D. Soil data, detailed construction drawings, quantity takeoffs, minimum contingency detailed indirect costs, detailed engineering estimates
Answer: D
NEW QUESTION # 26
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.
In an exit interview, an employee comments that the reason he is leaving the organization is lack of teamwork and cohesion among his co-workers. Which need of Maslow's hierarchy of needs is unmet?
- A. Esteem needs
- B. Primary needs
- C. Belongingness needs
- D. Self-actualization needs
Answer: C
NEW QUESTION # 27
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 percent complete measurement techniques is best suited for long-term non-production accounts (such as overhead accounts)?
- A. Incremental milestone
- B. Start/finish
- C. Units completed
- D. Ratio/level of effort
Answer: A
NEW QUESTION # 28
The purpose of a communication must be understood by ____________ if the message is to be clear to the
- A. Management; workers
- B. The speaker; the receiver
- C. Workers; management
- D. The receiver; the speaker
Answer: A
NEW QUESTION # 29
In a fixed price contract the:
- A. Contractor has no risk in the project
- B. Contactor assumes all the performance risk
- C. Owner has all the risk
- D. Contractor is paid for actual costs
Answer: B
NEW QUESTION # 30 
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.
If the owner in A has a primary goal of completion within budget, the following contract types with the engineer/contractor would be best:
- A. Engineer fixed price, contactor cost plus
- B. Engineer - fixed price, contractor fixed price
- C. Engineer - cost plus, contractor cost plus
- D. Engineer - cost plus, contractor fixed price
Answer: B
NEW QUESTION # 31
Two of the most important things to know when planning a speech or lecture are the ______________and______________ of your audience.
- A. Political preference, sense of humor
- B. Culture, understanding
- C. Motivation, professionalism
- D. Background, attitude
Answer: B
NEW QUESTION # 32
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.
When analyzing a precedence diagram schedule, the "backward pass"
- A. Allows activities to finish as soon as all their 'predecessor' relationships are satisfied
- B. Determines the duration of each activity
- C. Allows total float to be calculated
- D. Calculates the earliest allowable start and finish times for the activities in the schedule
Answer: D
NEW QUESTION # 33
The goal of listening is to:
- A. Analyze what the speaker is saying
- B. Find out what is going on
- C. Improve communication
- D. Have time to formulate your thoughts on the subject
Answer: C
NEW QUESTION # 34
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. The Federal IRS Reform Act (FIRSRA)
- C. Generally Accepted Accounting Practices (GAAP)
- D. Modified Accelerated Cost Recovery System (MACRS)
Answer: A
NEW QUESTION # 35 
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.
At the end of Year 4, the commodity which experienced the greatest projected percentage price index increase over today is:
- A. None of the above
- B. Copper
- C. Steel
- D. Manufacturing labor
Answer: D
NEW QUESTION # 36 
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.
9,375 hours have been expended to date. Planned completion at this time is 75%. The project is determined to be 66% complete. What is the current schedule performance index (SPI)?
- A. 0.88
- B. 0.84
- C. 0.96
- D. 1.14
Answer: D
NEW QUESTION # 37 
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. 6,960
- C. 7,200
- D. 6,600
Answer: A
NEW QUESTION # 38
Money is value. Having money when you need it is very important. Money can also be valuable when used wisely by knowing when to spend and when to conserve Also, planning now for future expenses can be a plus to the company rather than a debit.
There are several ways to capitalize money and spending. Basically there is the single payment method that has a compound amount factor and a present worth factor. There is the uniform annual series that has a sinking fund factor, capital recovery factor and also the compound amount factor and present worth factor. At this point, we can assure money is worth 10%.
The following question requires your selection of CCC/CCE Scenario 7 (4.8.50.1.1) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
If $20,000 is invested at the end of each fiscal year for the next 10 years, how much would our total investment be worth assuming the interest is at 10%?
- A. $318,740
- B. $289,370
- C. $265,798
- D. $420,236
Answer: A
NEW QUESTION # 39
What is a basic element of work or a task that must be performed over a given period of time in order to complete a project called?
- A. Activity
- B. WBS element
- C. Resource
- D. Commodity
Answer: A
NEW QUESTION # 40
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AACE International’s Certified Cost Professional (CCP) certification exam is a globally recognized credential that attests to an individual’s expertise in cost engineering and cost management. Offered by the world’s largest association of cost management professionals, the CCP certification reflects a high level of competency in cost estimation, budgeting, planning, and control, and is widely regarded as a must-have credential for professionals in the field.
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