CCP 100% Correct Answers - CCP Test Vce

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CCP Test Vce - CCP Latest Dumps Questions

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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 Certified Cost Professional (CCP) Exam Sample Questions (Q138-Q143):

NEW QUESTION # 138
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
B. Cost plus
C. Unit Rate
D. Lump sum + incentive

Answer: B

Explanation:
If the owner in scenario B has the primary goal of getting the project completed and operational as quickly as possible, a Cost Plus contract type is most likely to be used. This contract type allows for flexibility in managing costs, and the contractor is reimbursed for all costs plus a fee. It motivates the contractor to expedite the project since the costs are covered, and any additional effort is compensated. Therefore, the correct answer is A. Cost plus.

NEW QUESTION # 139
A bond that guarantees the bidder will enter into a contract on the basis of his/her bid is referred to as:

A. Bid bond
B. Performance bond
C. Liability bond
D. Surety bond

Answer: A

NEW QUESTION # 140
Which of the following is used for measuring productivity loss?

A. Central limit theorem
B. Earned formula
C. Value engineering

Answer: B

Explanation:
Productivity loss in projects, particularly in construction, can be measured using various methods. The Earned Value Management (EVM) system includes the Earned Formula to compare the work performed against the work planned.
Key Points:
Earned Formula:
This formula is used in EVM to calculate key performance indicators like the Cost Performance Index (CPI) and Schedule Performance Index (SPI), which help in understanding productivity loss.
By comparing earned value (the work actually performed) against planned value, project managers can assess whether the project is behind or ahead in terms of schedule and budget, indirectly measuring productivity loss.
Other Options:
Central Limit Theorem: This is a statistical concept, not directly used for measuring productivity loss.
Value Engineering: A process that seeks to improve the value of goods or products by using an examination of function, not directly related to measuring productivity loss.
Conclusion: The correct answer is C. Earned formula because it is directly linked to measuring productivity loss in project management through the EVM system.

NEW QUESTION # 141

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 are within estimate range
B. Contractor can perform at or below bid unit rate, owner quantities can exceed estimate range
C. Bid unit rate, owner quantities can exceed estimate range Contractor can perform above
D. Contractor can perform at or below bid unit rate, owner quantities are within estimate range

Answer: D

NEW QUESTION # 142
Any combination of unique letters, numbers, or blanks, which describes and identifies any activity or task shown on the schedule, is:

A. Activity ID
B. WBS Code
C. Account number
D. Resource

Answer: A

Explanation:
An Activity ID is a unique combination of letters, numbers, or blanks that describes and identifies any activity or task shown on a project schedule. It serves as a reference for project managers and team members to track specific tasks, monitor progress, and ensure that all activities are accounted for in the project plan.
Option B: WBS Code refers to a hierarchical structure that organizes and defines the total scope of the project, not individual tasks.
Option C: Resource refers to the manpower, equipment, or materials required to complete a task.
Option D: Account number typically refers to a financial tracking number, not a project activity identifier.
Therefore, A. Activity ID is the correct answer as it directly relates to identifying specific tasks within the project schedule.

NEW QUESTION # 143
......

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CCP 100% CORRECT ANSWERS - CCP TEST VCE

CCP 100% Correct Answers - CCP Test Vce