Exam Details

  • Exam Code
    :CCP
  • Exam Name
    :Certified Cost Professional (CCP) Exam
  • Certification
    :AACE Certification
  • Vendor
    :AACE International
  • Total Questions
    :115 Q&As
  • Last Updated
    :May 05, 2024

AACE International AACE Certification CCP Questions & Answers

  • Question 41:

    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.

    Resource planning must take all of the following into account except:

    A. Types of materials, equipment and labor skills required to complete the project

    B. Cash flow (expenditures) limitations for completing work on the project

    C. Time available to complete the project

    D. Earned value techniques established for the project

  • Question 42:

    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 methods a used for creating critical path schedules:

    A. Precedence diagram method

    B. Precedence and arrow diagram methods only

    C. Gantt chart (bar chart) method

    D. Arrow diagram method

  • Question 43:

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

    A. Activity total slack

    B. Remaining duration

    C. Just-in-time" scheduling

    D. Free float

  • Question 44:

    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

  • Question 45:

    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.

    A cyclical process model was chosen as the basis for total cost management (TCM) because:

    A. It is one of the basic tenets of quality improvement

    B. Refinement is needed to prepare the estimate at completion (EAC)

    C. Strategic assets and projects have inherent life cycles

    D. It facilitates development of budgets and schedules

  • Question 46:

    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 percent complete measurement techniques is best suited for long- term non-production accounts (such as overhead accounts)?

    A. Ratio/level of effort

    B. Start/finish

    C. Units completed

    D. Incremental milestone

  • Question 47:

    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.

    In Rensis1 4 model system, the exploitative-authoritative management style is one in which:

    A. Management makes most decisions and passes them down

    B. Informal organizations generally support the goals of the formal organization

    C. Management issues orders, but employees have some freedom to comment

    D. Management has a lot of confidence in the employees

  • Question 48:

    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.

    According to Maslow's hierarchy of needs, which level should be satisfied first?

    A. Physiological

    B. Self-actualization

    C. Safety needs

    D. Ego-status

  • Question 49:

    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.

    In an exit interview, an employee comments that the reason he is leaving the organization is lack of teamwork and cohesion among his co-workers. Which need of Maslow's hierarchy of needs is unmet?

    A. Belongingness needs

    B. Primary needs

    C. Self-actualization needs

    D. Esteem needs

  • Question 50:

    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.

    Fred Fiedler's contingency model suggests that:

    A. Leadership styles are just the opposite of the managerial grid model

    B. Successful leadership depends upon a good match

    C. between the style of the leader and the demands of the situation

    D. Successful leadership can always be imposed by experienced supervision

    E. A relationship oriented leader described the least preferred worker in an unfavorable light

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