[Dec 30, 2023] CCP Exam Brain Dumps - Study Notes and Theory
Pass AACE International CCP Test Practice Test Questions Exam Dumps
AACE International, the governing body that administers the CCP certification exam, is a professional association of cost engineers, schedulers, estimators, project managers, and related professionals. AACE was founded in 1956 and has since become a global authority in cost engineering and project management. The organization is committed to promoting excellence in the field of cost engineering through education, certification, and advocacy. The CCP certification is one of the most prestigious certifications offered by AACE and is recognized as a standard of excellence in cost engineering.
NEW QUESTION # 48
An effort by a prime contractor to reduce the price quoted by a vendor, by providing the bid price to other vendors in an attempt to get the other vendors to underbid the original price quoted is referred to as:
- A. Negotiating a best and final offer
- B. Costing
- C. Bid shopping
- D. Cost-price analysis
Answer: C
NEW QUESTION # 49 
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.
If the owner in B has as his primary goal to get the project completed and on line as fast as possible, then he would most likely use the ______________type of contract.
- A. Lump sum + incentive
- B. Cost plus
- C. Lump sum
- D. Unit Rate
Answer: A
NEW QUESTION # 50
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. Contractor can perform at or below bid unit rate, owner quantities are within estimate range
- C. Contractor can perform at or below bid unit rate, owner quantities can exceed estimate range
- D. Bid unit rate, owner quantities are within estimate range
Answer: B
NEW QUESTION # 51
Some of the principles of good communication are:
- A. The social process by which people in a specific situation construct meaning using symbolic behavior
- B. Tell the other person what to do; give insincere praise; psychoanalyze the other person; make light of a serious problem; do not gain the trust of anyone; always have a hidden agenda
- C. Seek to clarify your ideas before communicating; examine the true purpose of each communication; consider the total physical and human setting whenever you communicate; be mindful, while you communicate, of the overtones as well as the basic content of the message
- D. Use short words; avoid jargon; avoid acronyms and abbreviations; use complete sentences; have a beginning, middle and end; be accurate; be interested in what topic is being communicated
Answer: D
NEW QUESTION # 52
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:
- A. Types of materials, equipment and labor skills required to complete the project
- B. Cash flow (expenditures) limitations for completing work on the project
- C. Earned value techniques established for the project
- D. Time available to complete the project
Answer: C
NEW QUESTION # 53
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.
Assuming a 53% tax rate, how much cumulative depreciation will have been claimed at the end of the grain elevator's life span?
- A. $80,000
- B. None
- C. $42,400
- D. $37,600
Answer: A
NEW QUESTION # 54
Which of the following is NOT an aspect of quality management?
- A. Quality planning
- B. Quality assurance
- C. Quality checking
- D. Quality control
Answer: C
NEW QUESTION # 55
A systematic coding structure for organizing and managing scope, assets, cost, resources, work and schedule activity information is a______________.
- A. Cost estimate classification
- B. Schedule identification number
- C. Code of accounts
- D. Cost breakdown structure
Answer: C
NEW QUESTION # 56
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 an exit interview, an employee comments that the reason he is leaving the organization is lack of teamwork and cohesion among his co-workers. Which need of Maslow's hierarchy of needs is unmet?
- A. Self-actualization needs
- B. Primary needs
- C. Esteem needs
- D. Belongingness needs
Answer: D
NEW QUESTION # 57
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.
According to Maslow's hierarchy of needs, which level should be satisfied first?
- A. Self-actualization
- B. Physiological
- C. Safety needs
- D. Ego-status
Answer: B
NEW QUESTION # 58
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.
Which of the following is least likely to improve a large earthmoving contractor's productivity?
- A. Remove underground hazards prior to excavation work
- B. Using apprentice operators to save labor costs
- C. Replacing old excavators with new, larger excavators
- D. Starting summer work in the early morning hours to minimize work during peak heat periods of the day
Answer: D
NEW QUESTION # 59 
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. $48.35
- B. $48.22
- C. $48.09
- D. $46.59
Answer: D
NEW QUESTION # 60
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.
After an individual's safety needs are met, what needs would the individual be motivated to fulfill next in Maslow's hierarchy of needs?
- A. Self-actualization
- B. Pay and compensation
- C. Knowledge
- D. Belonging needs
Answer: D
NEW QUESTION # 61
The four steps to writing are:
- A. Abstract, body conclusion, bibliography
- B. Plan, write, cool, revise
- C. Start, write, complete, revise
- D. Introduction, paragraph, conclusion, works cited
Answer: B
NEW QUESTION # 62
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?
- A. $2,424
- B. $2,697
- C. $2,976
- D. $2,688
Answer: A
NEW QUESTION # 63
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. 2.0 cubic yards
- B. 2.5 cubic yards
- C. 3.0 cubic yards
- D. 3.5 cubic yards
Answer: B
NEW QUESTION # 64
When a person hears the words being said to him/her, but does not receive the message of the words, it is called
- A. Directive listening
- B. Passive listening
- C. Judgmental listening
- D. Reflective listening
Answer: B
NEW QUESTION # 65
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By earning the CCP certification, you will be guaranteed a higher level of professionalism and recognition in your field. CCP exam validates expertise in cost engineering and management, providing you with a valuable tool to demonstrate to employers and clients that you possess the necessary skills and knowledge to handle complex challenges in cost estimation and controls.
To be eligible for the AACE International CCP certification exam, candidates must meet specific education and experience requirements. A bachelor's degree in a related field and a minimum of four years of professional experience are required to qualify for the certification. Additionally, experience must be gained in a cost management role, such as a cost engineer, estimator, or project control specialist.
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