Free CCP Exam Braindumps - New 2022 AACE International Pratice Exam
Practice Test for CCP Certification Real 2022 Mock Exam
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.
The benefit of obtaining the AACE-International CCP: Certified Cost Professional (CCP) Exam Certification
For over thirty years, certifications provided by the Association for Cost Engineering Advancement (AACE) have been a hallmark of distinction and more and more companies need this certification as a requirement for employment. CCP is one of the widely recognized AACE certifications covering topics relating to project planning and planning. A qualification from AACE also leads to better acceptance by pairs and improves the chances of employment and income.
While a licensed professional engineer is generally considered to be “certified” in any field in which he or she works, it's a national mood for both licensed and non-licensed engineers to require certification of specialty disciplines. A positive reaction to the increasing strength of our software tools in teaching, theory, and practice and qualification governed by our professional organizations, including AACE and the CCP examination mentioned above.
NEW QUESTION 28 
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.
Calculate the mean unit cost.
- A. $48.09
- B. $48.35
- C. $46.59
- D. $48.22
Answer: C
NEW QUESTION 29 
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)
- A. 4.24
- B. 4.62
- C. 4.31
- D. 4.10
Answer: C
NEW QUESTION 30
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. $485.00
- B. $26.65
- C. $21.57
- D. $48.22
Answer: A
NEW QUESTION 31
Which of the following is NOT an aspect of quality management?
- A. Quality checking
- B. Quality control
- C. Quality planning
- D. Quality assurance
Answer: A
NEW QUESTION 32
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 is considered a measure of profitability?
- A. Annual Dividends
- B. Rate of return
- C. Total assets
- D. Annual sales
Answer: B
NEW QUESTION 33 
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.
Calculate the weighted average unit cost.
- A. $48.09
- B. $48.35
- C. $46.13
- D. $47.63
Answer: B
NEW QUESTION 34
If a project is said to be on a "fast track program/' the fast track method is:
- A. 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
- B. First completing engineering and procurement, then executing construction
- C. 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
- D. 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
Answer: D
NEW QUESTION 35
Listening to what is being said by all members of a group or audience and then summarizing or interpreting is called______________.
- A. Visual listening
- B. Directive listening
- C. Non-listening
- D. Facilitative listening
Answer: B
NEW QUESTION 36
NO: 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.
The entire pipe has been received, hangers have been installed, and all pipes are in place. None has been welded or flushed. What percent complete is this project?
- A. 45%
- B. 30%
- C. 95%
- D. 50%
Answer: A
NEW QUESTION 37
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. 12 years
- B. 10 years
- C. 11 years
- D. 13 years
Answer: B
NEW QUESTION 38
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.
A cyclical process model was chosen as the basis for total cost management (TCM) because:
- A. It facilitates development of budgets and schedules
- B. It is one of the basic tenets of quality improvement
- C. Refinement is needed to prepare the estimate at completion (EAC)
- D. Strategic assets and projects have inherent life cycles
Answer: D
NEW QUESTION 39
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. Soil data, detailed construction drawings, quantity takeoffs, minimum contingency detailed indirect costs, detailed engineering estimates
- C. Preliminary quantities with labor, material, and factors applied, square footage of facilities, minimum contingency detailed indirect costs
- D. Vendor quotes, home office detailed estimate, preliminary quantities with labor, material, and factors applied
Answer: B
NEW QUESTION 40
AACE International defines _____________as a technique of economic evaluation that sums over a given study period, the costs of initial investment, replacements, operations, and maintenance/repair; expressed in either present or annual value terms.
- A. Net present worth method
- B. Risk analysis
- C. Life cycle costs method (LCC)
- D. Benefit/Cost ratio (B/C) method
Answer: C
NEW QUESTION 41 
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?
- A. 10,278
- B. 9,559
- C. 10,586
- D. 9,280
Answer: C
NEW QUESTION 42
In a fixed price contract the:
- A. Contractor has no risk in the project
- B. Owner has all the risk
- C. Contractor is paid for actual costs
- D. Contactor assumes all the performance risk
Answer: D
NEW QUESTION 43
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 Rensis1 4 model system, the exploitative-authoritative management style is one in which:
- A. Management has a lot of confidence in the employees
- B. Management makes most decisions and passes them down
- C. Informal organizations generally support the goals of the formal organization
- D. Management issues orders, but employees have some freedom to comment
Answer: B
NEW QUESTION 44
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:
- A. Annual expenditures
- B. Initial cost of investment
- C. Annual income
- D. Depreciation
Answer: B
NEW QUESTION 45
Cost performance index (CPI) is defined by AACE International as: (assume no change in budgeted quantities)
- A. ACWP/BCWP
- B. BCWP/ACWP
- C. ACWP/BCWS
- D. BCWS/BCWP
Answer: B
NEW QUESTION 46 
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.
An unbalanced bid methodology can best be used by:
- A. Contractor working directly for engineer (plan A or B)
- B. Engineer/contractor working for the owner (Plan B)
- C. Subcontractor working for contractor (Plan A or B)
- D. Engineer working for the owner (Plan A)
Answer: B
NEW QUESTION 47
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.
If steel costs $1800/ton at the end of Year 3, what is the price of steel at the end of Year 4?
- A. $1890/ton
- B. $1836/ton
- C. $1863/ton
- D. $1948/ton
Answer: B
NEW QUESTION 48
A concrete slab measuring 10 feet wide by 13.5 feet long by 6 inches deep is to be installed. How many cubic yards of concrete will be required?
- A. 2.5 cubic yards
- B. 2.0 cubic yards
- C. 3.0 cubic yards
- D. 3.5 cubic yards
Answer: A
NEW QUESTION 49
_____________is defined as the budget for the cost (work) account times the percent complete for that account.
- A. Earned value
- B. Forecast
- C. Percent complete
- D. Cost to complete
Answer: A
NEW QUESTION 50
The goal of listening is to:
- A. Improve communication
- B. Have time to formulate your thoughts on the subject
- C. Analyze what the speaker is saying
- D. Find out what is going on
Answer: A
NEW QUESTION 51
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 amounting to $55.00/unit?
- A. 22.22%
- B. 0
- C. 338.5
- D. $55.00
Answer: A
NEW QUESTION 52
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 the company needs to repay a loan of $100,000 in 10 uniform annual payments, how much will each payment be?
- A. $16,273
- B. $16,578
- C. $16,380
- D. $15,937
Answer: A
NEW QUESTION 53
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How to book the AACE-International CCP: Certified Cost Professional (CCP) Exam
Follow the steps mentioned below to book the AACE-International CCP: Certified Cost Professional (CCP) Exam:
- Step 1: Visit the AACE's website by clicking here
- Step 2: Create a new account or log in to an existing account
- Step 3: Select your professional exam
- Step 4: Complete the required course and take CCP practice test
- Step 5: Fill the application and submit all required documents
- Step 6: Schedule your exam by following the instructions on the website
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