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CCP Reliable Dumps Questions, CCP New Study Questions
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The Certified Cost Professional (CCP) certification exam offered by AACE International is the leading certification for cost engineering and quantity surveying professionals. CCAs are proficient in cost estimation, budgeting, control, and analysis, ensuring that they meet or surpass stakeholder expectations regarding the effective use of project resources.
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The CCP covers essential cost engineering and quantity surveying subjects such as cost estimating, cost analysis, schedule and cost control, asset management, and risk management. CCP exam tests the candidate's ability to execute these tasks effectively, including proficiency in communication, teamwork, and ethical conduct in workplace situations.
The CCP certification exam covers a broad range of topics, including project management principles, cost control techniques, cost engineering, and risk management. CCP Exam is comprehensive and challenging, requiring a deep understanding of concepts and practical experience in implementing them. Certified Cost Professional (CCP) Exam certification exam is designed to evaluate the candidate’s ability to analyze project costs, develop cost estimates, and manage project budgets effectively.
AACE International Certified Cost Professional (CCP) Exam Sample Questions (Q39-Q44):
NEW QUESTION # 39
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 relative frequency of unit costs from Atlanta, GA?
- A. 0
- B. $48.33
- C. $40.59
- D. 33.33%
Answer: D
NEW QUESTION # 40
In the application of the benefit/cost method of analysis, what are the criteria for determining whether a proposed project is acceptable?
- A. B/C is >1.0
- B. B/C is - 1.0
- C. B/C is <1.0
- D. B/C is > minimum ROR
Answer: A
Explanation:
In the benefit/cost (B/C) method of analysis, the criterion for determining whether a proposed project is acceptable is if the Benefit/Cost ratio (B/C) is greater than 1.0. This indicates that the benefits of the project outweigh the costs, thus making the project economically viable. A B/C ratio of exactly 1.0 suggests that the benefits are just sufficient to cover the costs, while a ratio greater than 1.0 indicates a profitable investment.
NEW QUESTION # 41
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.
Given a unit price contract between the owner and contractor, each assumes the following:
- A. Bid unit rate, owner quantities can exceed estimate range Contractor can perform above
- B. Bid unit rate, owner quantities are within estimate range
- C. Contractor can perform at or below bid unit rate, owner quantities are within estimate range
- D. Contractor can perform at or below bid unit rate, owner quantities can exceed estimate range
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.
You are reporting on a roadway project, which was estimated to be 10 miles of road. It was scheduled to be completed in 16 weeks, which is this week. According to your calculations, the project has a schedule performance index of 0.80. What would you advise the management about the scheduled completion date?
- A. Project will be completed in 12.8 more weeks
- B. Project will be completed this week - on schedule
- C. Project will be completed in 20 more weeks
- D. Project will be completed in 4 more weeks
Answer: D
NEW QUESTION # 43
____________ is the application of total resources ($-workers-supports) and activity durations of the logic diagram.
- A. Forecasting
- B. Scheduling
- C. Planning
- D. Modeling
Answer: B
Explanation:
Scheduling is the process of assigning resources (such as labor, materials, and equipment) to project activities and determining the timing and sequence of these activities. The term "scheduling" specifically refers to the application of total resources (including workers and support) and the activity durations outlined in a logic diagram. The logic diagram, often depicted as a network or Gantt chart, shows the sequence and dependencies of project activities, enabling planners to establish a timeline for the project.
Option A: Planning is broader and includes not only scheduling but also the development of strategies, policies, and procedures for achieving the project's objectives.
Option B: Forecasting involves predicting future project performance based on current data, not directly the application of resources and activity durations.
Option D: Modeling refers to the creation of representations or simulations of the project, which may include scheduling but is not limited to it.
Thus, C. Scheduling is the correct answer as it accurately describes the application of resources and activity durations within a logic diagram.
NEW QUESTION # 44
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