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CCP Past Papers

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CCP Past Papers

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  1. Certified Cost Professional (CCP)

  2. What is AACE? AACE International (formerly the Association for the Advancement of Cost Engineering) was founded in 1956 by 59 cost estimators and cost engineers during the organizational meeting of the American Association of Cost Engineering at the University of New Hampshire in Durham, New Hampshire.

  3. Certification A CCP is an experienced practitioner with advanced knowledge and technical expertise to apply and communicate the broad principles and best practices of Total Cost management (TCM) in the planning , execution and management of any organizational project or program.

  4. Here are some sample questions that you really get in your exam. Pass any exam in first attempt by the help of exams4sure

  5. Question No 1: 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 total float to be calculated B. Determines the duration of each activity C. Calculates the earliest allowable start and finish times for the activities in the schedule D. Allows activities to finish as soon as all their ‘predecessor’ relationships are satisfied Answer: C

  6. Question No 2: 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. Why is a +/- notation necessary when developing an estimate? A. Contingency cushion B. It makes up for the lack of time to develop a real estimate C. It is a government requirement D. There are unknowns that affect the final cost of a project Answer: D

  7. Question No 3: Meetings require: A. Goals, an agenda, preparation, relevant discussions, support for your actions and to consider the total physical and human setting of the meeting B. Goals, an agenda, preparation, conclusions, control and conversations that are relevant C. Goals, an agenda, preparation, control, good listening skills and relevant discussions D. Goals, an agenda, flipchart, computer projector, laser pointer and consulting with others where Appropriate Answer: B

  8. Question No 4: 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. Select the statement that best describes the method to estimate the cost of the new rides: A. Break down the technology into components B. Call vendors for quotes C. Use historical data from past projects D. Adjust known data from existing rides Answer: D

  9. Question No 5: _____________is defined as the budget for the cost (work) account times the percent complete for that account. A. Percent complete B. Forecast C. Cost to complete D. Earned value Answer: D

  10. Question No 6: 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 unit costs? A. $21.57 B. $26.65 C. $48.22 D. $485.00 Answer: D

  11. Question No 7: Cost performance index (CPI) is defined by AACE International as: (assume no change in budgeted quantities) A. ACWP/BCWS B. BCWS/BCWP C. ACWP/BCWP D. BCWP/ACWP Answer: D

  12. Question No 8: 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 is NOT an advantage of the critical path method: A. The ability to determine cost overruns of critical path activities B. The ability to identify activities that cannot have their schedules slip if the desired project end date is to be achieved C. Reveals activities that additional resources need to be dedicated toward D. The ability to show slippage in the progress of key activities Answer: A

  13. Question No 9: 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. How many years will it take to earn $400 in interest on $800 at 4% compounded annually? A. 10 years B. 11 years C. 12 years D. 13 years Answer: A

  14. Question No 10: Which of the following is NOT a type of float? A. Total B. Negative C. Open end D. Free Answer: C

  15. 100% Passing Guarantee

  16. Stairs To Your Success

  17. Certified Cost Professional (CCP)

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