AACE International AACE Certification CCP Questions & Answers

• Question 101:

  The latest allowable end time minus the earliest allowable end time on a schedule activity is referred to as:

  A. Total float

  B. Remaining duration

  C. Free float

  D. Just-in-time scheduling

  Correct Answer: A

• Question 102:

  A schedule's late dates are calculated during the:

  A. Loop calculations

  B. Backward pass

  C. Forward pass

  D. Float

  Correct Answer: B

• Question 103:

  Which of the following is NOT a type of float?

  A. Total

  B. Negative

  C. Open end

  D. Free

  Correct Answer: C

• Question 104:

  The process of stating goals and determining the most effective way of reaching them is the definition for:

  A. Implementing

  B. Mission Statement

  C. Managing

  D. Planning

  Correct Answer: D

• Question 105:

  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. Resource

  D. Account number

  Correct Answer: A

• Question 106:

  If a project is said to be on a "fast track program/' the fast track method is:

  A. Simultaneous working engineering, procurement, and construction, with appropriate overlap from each phase of work so that delays are eliminated and all the work is streamlined into a correct plan of logic/sequence and duration for all of the work

  B. First completing engineering and procurement, then executing construction

  C. Analyzing the project and specifying the basic approach to be used in its execution; segmenting the project into reasonable number of activities; estimating the time required to perform each activity; placing the activities in time order, considering both sequential and parallel performance

  D. Revising the schedule logic to make it possible to identify constraints of faulty logic; revising the durations in the n p schedule that have been based on assumptions regarding the \hay the work would be performed; revise the resources to work multiple shifts; evaluate the use of overtime

  Correct Answer: A

• Question 107:

  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

  Correct Answer: B

• Question 108:

  _____________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

  Correct Answer: D

• Question 109:

  ____________ is defined as covering work whose component activities are less defined and whose interrelationships are conditional.

  A. Soft logic

  B. Hard logic

  C. Deductive logic

  D. Inductive logic

  Correct Answer: A

• Question 110:

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

  A. Percent complete

  B. Cost to complete

  C. Earned value

  D. Forecast

  Correct Answer: A