100% PASS-RATE EXAM CCP FEE - BEST ACCURATE SOURCE OF CCP EXAM

100% Pass-Rate Exam CCP Fee - Best Accurate Source of CCP Exam

100% Pass-Rate Exam CCP Fee - Best Accurate Source of CCP Exam

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AACE International Certified Cost Professional (CCP) certification is a well-known and widely respected credential in the field of cost engineering and management. The CCP Certification is designed to validate and recognize individuals who have achieved a high level of education and experience in cost engineering, cost management, and planning and scheduling. Certified Cost Professional (CCP) Exam certification exam is considered one of the most challenging in the industry, requiring candidates to pass a comprehensive exam that tests their knowledge and skills in various areas.

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AACE International CCP (Certified Cost Professional) exam is a globally recognized certification for cost management and control professionals. The CCP certification provides its holders with the skills and knowledge necessary to excel in cost engineering, estimating, planning, and scheduling. Certified Cost Professional (CCP) Exam certification is specifically created for professionals in the cost management and control field who want to develop their expertise and gain a competitive edge in their career.

AACE International Certified Cost Professional (CCP) Exam Sample Questions (Q29-Q34):

NEW QUESTION # 29
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 makes most decisions and passes them down
  • B. Informal organizations generally support the goals of the formal organization
  • C. Management issues orders, but employees have some freedom to comment
  • D. Management has a lot of confidence in the employees

Answer: A

Explanation:
In Rensis Likert's management system model, the exploitative-authoritative management style is characterized by a highly centralized decision-making process where management makes most decisions and passes them down to subordinates with little or no input from employees. This style typically involves strict control and limited trust in the workforce, often leading to low employee morale and motivation.


NEW QUESTION # 30
____________is defined as the earned work hours or dollars for all accounts divided by the budgeted work hours or dollars for all accounts.

  • A. Forecast
  • B. Percent complete
  • C. Earned value
  • D. Cost to complete

Answer: B

Explanation:
Percent complete is a measure used in project management to quantify the progress of a project. It is defined as the earned work hours or dollars for all accounts divided by the budgeted work hours or dollars for all accounts. This metric provides an indication of how much work has been completed in relation to the total planned work.
Option B: Cost to complete refers to the estimated cost required to finish all remaining project work.
Option C: Earned value is a key metric in Earned Value Management (EVM) that represents the value of the work actually performed.
Option D: Forecast refers to predicting future project performance and outcomes based on current data and trends.
Therefore, A. Percent complete is the correct answer as it accurately describes the ratio of earned work hours or dollars to budgeted work hours or dollars.


NEW QUESTION # 31
A work breakdown structure (WBS) is developed because:

  • A. It can be illustrated by individual bars for major phases, such as permitting, funding, engineering, procurement construction, commission/startup
  • B. It defines specific tasks within a project from which schedules can be developed; it aids in linking activities with resources; it facilitates communication; and it allows integration of project plans
  • C. It can be illustrated by a simple bar, with important milestones represented by symbols at the planned time of occurrence
  • D. It avoids omissions of key product activities through a systematic planning process; removes the complexity of the project by dividing it into manageable units; and provides a framework.

Answer: B

Explanation:
A Work Breakdown Structure (WBS) is a hierarchical decomposition of the total scope of work to accomplish the project objectives and create the deliverables. It is a critical tool in project management because it:
Defines specific tasks within a project: The WBS breaks down the project into smaller, more manageable components, making it easier to plan, schedule, and control the project.
Aids in linking activities with resources: By defining specific tasks, the WBS allows project managers to assign resources more effectively, ensuring that each task has the necessary resources to be completed.
Facilitates communication: The WBS serves as a common framework that enhances communication among stakeholders by clearly defining the scope and work involved.
Allows integration of project plans: The WBS provides a structured approach to integrating various project plans, ensuring that all aspects of the project are aligned and can be tracked against the project schedule and budget.
This makes option B the most accurate answer, as it encompasses the fundamental purposes and benefits of a WBS in project management.


NEW QUESTION # 32
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 you are scheduled for a $100,000 payment at the end of each year for the next five years, what is the equivalent amount if you were to make a lump sum payment now?

  • A. $379,100
  • B. $679,397
  • C. $500,000
  • D. $162,370

Answer: C


NEW QUESTION # 33
Budgeted cost of work scheduled is all of the following except:

  • A. Total costs incurred in accomplishing work in a given-time period
  • B. Includes portion of the budget for level-of-effort work
  • C. Baseline for performance measurement
  • D. Sum of the budgets for work scheduled

Answer: A

Explanation:
The Budgeted Cost of Work Scheduled (BCWS) is a key concept in project management and cost accounting, particularly in the Earned Value Management (EVM) framework. BCWS represents the cumulative planned costs of work scheduled to be completed up to a specific point in time. It serves as a baseline for measuring performance and comparing actual progress against planned progress.
Explanation of Options:
Option A: Total costs incurred in accomplishing work in a given-time period This option is incorrect because BCWS does not represent the actual costs incurred; rather, it reflects the planned or budgeted costs for the work scheduled to be done. The actual costs incurred would be tracked under the Actual Cost of Work Performed (ACWP).
Option B: Baseline for performance measurement
This is a correct description of BCWS. It is used as a baseline to compare the budgeted costs with the actual costs and earned value, enabling performance measurement and variance analysis.
Option C: Sum of the budgets for work scheduled
This is also correct. BCWS is essentially the sum of the budgeted costs for all scheduled work up to a certain date.
Option D: Includes portion of the budget for level-of-effort work
This is correct as well. BCWS can include portions of the budget allocated to level-of-effort (LOE) tasks, which are support tasks that don't directly contribute to the completion of specific project deliverables but are necessary for the overall project.
Therefore, the correct answer is A, as it inaccurately describes BCWS by confusing it with actual costs incurred, which are instead captured by ACWP.


NEW QUESTION # 34
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