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The Certified Cost Professional (CCP) certification is an industry-standard that demonstrates proficiency in the fields of project and cost management. It is offered by AACE International, which is the largest professional association for cost engineers, estimators, schedulers, and project managers. The CCP certification is recognized globally as a benchmark of excellence and commitment to the profession.

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AACE International CCP Latest Dumps | Exam CCP Voucher

The Certified Cost Professional (CCP) Exam (CCP) practice questions (desktop and web-based) are customizable, meaning users can set the questions and time according to their needs to improve their discipline and feel the real-based exam scenario to pass the AACE International CCP Certification. Customizable mock tests comprehensively and accurately represent the actual CCP certification exam scenario.

AACE International Certified Cost Professional (CCP) Exam Sample Questions (Q134-Q139):

NEW QUESTION # 134
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 project scheduler left the company and has left unfinished work. You have been hired as the new project scheduler and must update the existing schedule. What will be your first task?

A. Recalculate the critical path
B. Recalculate the early start for each activity
C. Recalculate the early finish for each activity
D. Update the remaining duration for each activity

Answer: D

Explanation:
When taking over an unfinished schedule, the first task should be to update the remaining duration for each activity. This step is crucial because it provides a current and accurate view of how much work is still needed to complete the project. Once the remaining durations are updated, other calculations, such as recalculating the critical path or early start/finish, will be more accurate. Therefore, the correct answer is C. Update the remaining duration for each activity.

NEW QUESTION # 135
After collecting the control information on a light rail project within an original budget of 200.000work hours, the construction contractor is ready for their monthly progress meeting with the client.
A total of 100.000 work hours have boon scheduled to date. with 105.000 work hours earned, and 110.000 work hours paid. The stated progress by the contractor Is 60%.
What is the schedule variance (SV)?

A. BCWP - BCWS = 105.000 - 100.000 =- 5,000
B. ACWP - BCWS = 110.000 - 100,000 = 10,000
C. BCWS - BCWP = 100.000 - 105,000 = -5,000
D. BCWS -ACWP = 100.000 - 110,000 - -10,000

Answer: A

Explanation:
Schedule Variance (SV) is another EVM metric that measures the difference between the work performed and the work scheduled.
Key Points:
SV Formula:
SV = BCWP - BCWS
BCWP = 105,000 work hours
BCWS = 100,000 work hours
Calculation:
SV = 105,000 - 100,000 = 5,000 work hours
Interpretation:
A positive SV indicates that the project is ahead of schedule, as more work has been performed than was planned.
Conclusion: The correct answer is D. BCWP - BCWS = 105,000 - 100,000 = 5,000 because this calculation accurately reflects the schedule variance of the project.

NEW QUESTION # 136
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. Changes to the project execution plan
B. Peripherals report
C. Current trends of time and money
D. Usage of contingency

Answer: B

NEW QUESTION # 137
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.
Cost engineers who feel completely satisfied and fulfilled by their work as part of a project team are said to have reached the ______________ stage of Maslow's hierarchy of needs.

A. Esteem
B. Belonging needs
C. Need satisfaction
D. Self-actualizations

Answer: D

NEW QUESTION # 138
The measure of number of units completed divided by work-hours consumed is referred to as:

A. Cost performance Index (CPI)
B. Credit work-hours
C. lined value
D. Productivity

Answer: D

Explanation:
Productivity is defined as the measure of the number of units completed divided by the work-hours consumed. It is a key performance indicator in construction and other project-based industries, reflecting how efficiently resources are being used to produce outputs.
Key Points:
Productivity Calculation:
Productivity = Number of units completed / Work-hours consumed.
Higher productivity means more output is being generated per unit of time, indicating efficient use of resources.
Other Terms:
Lined Value: Not a standard term related to productivity.
Credit Work-Hours: A concept related to earned work-hours, not a direct measure of productivity.
Cost Performance Index (CPI): A measure in earned value management indicating the cost efficiency of budgeted resources, calculated as EV/AC.
Conclusion: The correct answer is C. Productivity because it directly refers to the efficiency of labor in terms of output per work-hour.

NEW QUESTION # 139
......

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