Printable PDFCertified Cost Professional (CCP) Exam: CCP
Vendor: AACE International
Certifications: AACE Certification
Exam Name: Certified Cost Professional (CCP) Exam
Exam Code: CCP
Total Questions: 115 Q&As
Last Updated: Jun 18, 2022
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CCP Online Practice Questions and Answers
A work breakdown structure (WBS) is developed because:
A. 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.
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 individual bars for major phases, such as permitting, funding, engineering, procurement construction, commission/startup
D. It can be illustrated by a simple bar, with important milestones represented by symbols at the planned time of occurrence
The written word is often more useful than the spoken. Guidelines for writing include:
A. Use short sentences; use short words; avoid jargon and abbreviations; use complete sentences; stick to one idea per paragraph; have a beginning, middle and end; be accurate
B. Organize the background information; state the problem list the options or alternatives; state the recommendation (s); conclude and summarize with why the recommendation is the best way to proceed
C. Follow an outline; allow some time for "cooling" after compiling the draft before revising; when revising, allow plenty of time for several sessions
D. Explain, report, describe, clarify, define and demonstrate
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.
Select the statement that best describes the method to estimate the cost of the new rides:
A. Break down the technology into components
B. Call vendors for quotes
C. Use historical data from past projects
D. Adjust known data from existing rides
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