[Sep 15, 2024] Latest CCP PDF Dumps & Real Tests Free Updated Today [Q100-Q123]

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[Sep 15, 2024] Latest CCP PDF Dumps & Real Tests Free Updated Today

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Topics of AACE-International CCP: Certified Cost Professional (CCP) Exam

It is suggested that candidates utilize this and/or additional resources, including CCP exam dumps, to obtain background knowledge on the examination topics. Whenever feasible. The AACE-International CCP: Certified Professional Cost Examination curriculum is provided below with details of each part and subjects.

The Certified Cost Professional exam is a much wanted and difficult test. The examination may be intimidating if you are not properly prepared. The CCP examination comprises a closed-book examination, examines 4 modules and takes up to 120 questions. The CCP exam has two parts: the multiple-choice test and the 2,000 word research report. You must achieve the minimum total score of 70 percent to pass the test. The four modules examined for your CCP exam are:

Basic abilities and expertise in cost engineering
Analysis economics
Management of the project
Estimation and management of costs

Regarding your technical document, which is mandatory for registering for the Certified Cost Professional Examination (CCP), your trainers will advise you on suitable subjects and help you develop a solid foundation. They will also assess your work and offer comments when ready. The teachers will also verify that your paper is prepared in accordance with AACE criteria so that the examining body of AACE approves it.

Kryterion acts as a certified test proof for the Certified Cost Professional (CCP) exam with testing sites throughout the globe. You may take your computer-based test every day and whenever you want.

AACE International CCP or Certified Cost Professional (CCP) is a globally recognized certification for cost management professionals. Certified Cost Professional (CCP) Exam certification is awarded by the Association for the Advancement of Cost Engineering International (AACE International) and is designed to enhance the skills and knowledge of cost management professionals across various industries. Certified Cost Professional (CCP) Exam certification is recognized globally and is known for its rigorous training and examination process.

NEW QUESTION 100
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)?

BCWS – BCWP = 100.000 – 105,000 = -5,000

ACWP – BCWS = 110.000 – 100,000 = 10,000

BCWS -ACWP = 100.000 – 110,000 – -10,000

BCWP – BCWS = 105.000 – 100.000 =- 5,000

NEW QUESTION 101

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:

To better coordinate contractors

Coordinate the owner and engineer as in Type A

To better coordinate subcontractors

To better coordinate contractors and subcontractors as in Type B

NEW QUESTION 102
____________ is the application of total resources ($-workers-supports) and activity durations of the logic diagram.

Planning

Forecasting

Scheduling

Modeling

NEW QUESTION 103
If you deposit $100 per month for two (2) years and earn interest at 12% APR (Annual Percentage Rate) compounded monthly, how much will you have at the end of the period?

$2,424

$2,976

$2,688

$2,697

NEW QUESTION 104
Develop a CPM method considering the below tasks and logical relationships. Use this information to answer the related questions.

What is the late finish date of activity 50?

Day 47

Day 38

Day 28

Day 37

NEW QUESTION 105
As the leas cost engineer for the XYZ Services Company, you have been requested to provide pertinent for an equipment rental decision. The unit price of the food stuffs varies, but an average unit selling process has been determined to be $0.50 cents and the average unit acquisition cost is $0.40 cents.
The following revenue and expense relationships are predicted:

How many units are required per month to break even?

65,000 units

60,000 units

50,000 units

40,000 units

NEW QUESTION 106
______________can be defined as the determination of that course of action or combination of alternatives that yields either the lowest cost or the highest profit.

Economic optimization

Simulation

Linear programming

Dynamic programming

NEW QUESTION 107
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:

Annual income

Annual expenditures

Depreciation

Initial cost of investment

NEW QUESTION 108

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 3, steel prices will have increased by what percentage over today’s price? (round to 1 decimal)

8.7%

8.2%

4.6%

8.0%

NEW QUESTION 109
If a project is said to be on a “fast track program/’ the fast track method is:

Simultaneous working engineering, procurement, and construction, with appropriate overlap from each phase of work so that delays are eliminated and all the work is streamlined into a correct plan of logic/sequence and duration for all of the work

First completing engineering and procurement, then executing construction

Analyzing the project and specifying the basic approach to be used in its execution; segmenting the project into reasonable number of activities; estimating the time required to perform each activity; placing the activities in time order, considering both sequential and parallel performance

Revising the schedule logic to make it possible to identify constraints of faulty logic; revising the durations in the n p schedule that have been based on assumptions regarding the hay the work would be performed; revise the resources to work multiple shifts; evaluate the use of overtime

NEW QUESTION 110

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)

4.62

4.24

4.10

4.31

NEW QUESTION 111
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.
10,278 hours have been expended to date. The CPI at this point in time is 0.93. SPI is 1.03. How many hours were planned?

10,586

9,280

9,559

10,278

NEW QUESTION 112
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:

Types of materials, equipment and labor skills required to complete the project

Cash flow (expenditures) limitations for completing work on the project

Time available to complete the project

Earned value techniques established for the project

NEW QUESTION 113
Which statement best describes the constructability review for a project?

Is concerned primarily with resource scheduling and organizational planning

The review by a multi-discipline team to Improve the methods of delivering the intended scope

A method to reduce costs by considering alternate designs

The systematic application of recognized techniques which identify the functions of the product or service

NEW QUESTION 114

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 30 months, the final price for the piece of equipment will be:

$328,810

$370,710

$375,658

$378,750

NEW QUESTION 115
A bond that guarantees the bidder will enter into a contract on the basis of his/her bid is referred to as:

Surety bond

Performance bond

Bid bond

Liability bond

NEW QUESTION 116
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 cost performance index (CPI)?

0.96

0.84

1.14

0.88

NEW QUESTION 117
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.
Present worth calculations is represented by which of the following equations?

Option A

Option B

Option C

Option D

NEW QUESTION 118
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?

Modified Accelerated Cost Recovery System (MACRS)

The Federal IRS Reform Act (FIRSRA)

Generally Accepted Accounting Practices (GAAP)

Accelerated Cost Recovery System (ACRS)

NEW QUESTION 119
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:

Break down the technology into components

Call vendors for quotes

Use historical data from past projects

Adjust known data from existing rides

NEW QUESTION 120
A used concrete pumping truck can be purchased for $125,000. The operation costs are expected to be $65,000 the first year and increase 5% each year thereafter. As a result of the purchase, the company will see an increase in income of $100,000 the first year and 5% more each subsequent year. The company uses straight-line depreciation. The truck will have a useful life of five (5) years and no salvage value. Management would like to see a 10% return on any investment. The company’s tax rate is 28%.
All of the following are characteristics of standard normal distribution, except:

means and median are not equal

about 68% of its value is within one standard deviation

the total area underneath the curve is 1

the curve shape is symmetrical

NEW QUESTION 121
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 “book value (BV) of the asset at the end of 5 years?

$64,000

$16,000

$3,200

$60,000

NEW QUESTION 122
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)?

0.96

0.88

0.84

1.14

NEW QUESTION 123
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 30 months, the final price for the piece of equipment will be:

$328,810

$370,710

$375,658

$378,750

The Certified Cost Professional (CCP) is a respected certification in the field of project cost management. Certified Cost Professional (CCP) Exam certification is offered by AACE International – a professional association for cost professionals in various industries, including engineering and construction. The CCP certification exam is an essential step for candidates who want to validate their knowledge, skills, and expertise in cost management.

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