CCP Explanations - Aace International Reliable Certified Cost Professional CCP Exam Test Question - Goldmile-Infobiz

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CCP PDF DEMO:

QUESTION NO: 1
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. $21.57
B. $26.65
C. $48.22
D. $485.00
Answer: D

QUESTION NO: 2
Meetings require:
A. Goals, an agenda, preparation, relevant discussions, support for your actions and to consider the total physical and human setting of the meeting
B. Goals, an agenda, preparation, conclusions, control and conversations that are relevant
C. Goals, an agenda, preparation, control, good listening skills and relevant discussions
D. Goals, an agenda, flipchart, computer projector, laser pointer and consulting with others where appropriate
Answer: B

QUESTION NO: 3
_____________is defined as the budget for the cost (work) account times the percent complete for that account.
A. Percent complete
B. Forecast
C. Cost to complete
D. Earned value
Answer: D

QUESTION NO: 4
Which of the following is NOT a type of float?
A. Total
B. Negative
C. Open end
D. Free
Answer: C

QUESTION NO: 5
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.
When analyzing a precedence diagram schedule, the "backward pass"
A. Allows total float to be calculated
B. Determines the duration of each activity
C. Calculates the earliest allowable start and finish times for the activities in the schedule
D. Allows activities to finish as soon as all their 'predecessor' relationships are satisfied
Answer: C

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Updated: May 28, 2022