AACE International AACE Certification CCP Questions & Answers

• Question 31:

  

  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. A reason for using a Construction Manager type agreement is:

  A. To better coordinate contractors

  B. Coordinate the owner and engineer as in Type A

  C. To better coordinate subcontractors

  D. To better coordinate contractors and subcontractors as in Type B

  Correct Answer: B

• Question 32:

  

  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. An unbalanced bid methodology can best be used by:

  A. Engineer/contractor working for the owner (Plan B)

  B. Subcontractor working for contractor (Plan A or B)

  C. Contractor working directly for engineer (plan A or B)

  D. Engineer working for the owner (Plan A)

  Correct Answer: A

• Question 33:

  

  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. An unbalanced bid methodology can best be used by:

  A. Engineer/contractor working for the owner (Plan B)

  B. Subcontractor working for contractor (Plan A or B)

  C. Contractor working directly for engineer (plan A or B)

  D. Engineer working for the owner (Plan A)

  Correct Answer: A

• Question 34:

  

  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. In the A relationship, the subcontractor might use an unbalance bid to:

  A. To get more payment early in the job

  B. Decrease the chances of extended claim litigation

  C. Reduce the risk of quantities being greater than estimated

  D. Provides an alternative to competitive bidding

  Correct Answer: C

• Question 35:

  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. Using apprentice operators to save labor costs

  B. Starting summer work in the early morning hours to minimize work during peak heat periods of the day

  C. Remove underground hazards prior to excavation work

  D. Replacing old excavators with new, larger excavators

  Correct Answer: B

• Question 36:

  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 recognition of loss of value of a natural resource used in the production process is referred to as:

  A. Capital reduction

  B. Net loss

  C. Depreciation

  D. Depletion

  Correct Answer: D

• Question 37:

  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.

  Profits that could not be formally recognized during a specific financial accounting period because the goods and services did not satisfy all the customer's requirements are:

  A. Marginal profits

  B. Lost profits

  C. Incurred profits

  D. Postponed profits

  Correct Answer: D

• Question 38:

  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 project scheduler left the company and has left unfinished work. You have been hired as the new project scheduler and must update the existing schedule. What will be your first task?

  A. Recalculate the early finish for each activity

  B. Recalculate the early start for each activity

  C. Update the remaining duration for each activity

  D. Recalculate the critical path

  Correct Answer: D

• Question 39:

  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.

  You are reporting on a roadway project, which was estimated to be 10 miles of road. It was scheduled to be completed in 16 weeks, which is this week. According to your calculations, the project has a schedule performance index of 0.80. What would you advise the management about the scheduled completion date?

  A. Project will be completed in 20 more weeks

  B. Project will be completed this week - on schedule

  C. Project will be completed in 4 more weeks

  D. Project will be completed in 12.8 more weeks

  Correct Answer: C

• Question 40:

  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 is NOT an advantage of the critical path method:

  A. The ability to determine cost overruns of critical path activities

  B. The ability to identify activities that cannot have their schedules slip if the desired project end date is to be achieved

  C. Reveals activities that additional resources need to be dedicated toward

  D. The ability to show slippage in the progress of key activities

  Correct Answer: A