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Latest CCP Test Testking - Online CCP Bootcamps

Latest CCP Test Testking - Online CCP Bootcamps

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Practicing with AACE International CCP Exam questions will help you to become an expert, AACE International CCP and acquire the AACE International CCP Certification. AACE International CCP Exam Questions allow you to verify your skills as a professional, prepared by AACE International CCP. You have to pass the Certified Cost Professional (CCP) Exam CCP exam to achieve the AACE International CCP certification on the first attempt, which is organized by AACE International.

The CCP certification is designed for professionals with a minimum of eight years’ experience in cost management and control. For this certification, you must not only pass an examination, but you must also possess a combination of experience and education. CCP exam tests your knowledge of cost management and control principles, practices, and standards. Given that it is a globally recognized certification and that it requires a significant amount of effort and experience to obtain, the CCP Certification can act as a symbol of excellence in your profession and can potentially lead to more job opportunities and higher salaries.

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The Certified Cost Professional (CCP) Exam certification exam consists of 280 multiple-choice questions and is divided into two parts: Part 1 covers fundamental concepts and practices of cost engineering, while Part 2 focuses on more advanced topics in cost engineering such as risk management, value engineering, and project control systems. CCP Exam is administered electronically and is available at testing centers worldwide.

AACE International Certified Cost Professional (CCP) Exam Sample Questions (Q157-Q162):

NEW QUESTION # 157
Cost performance index (CPI) is defined by AACE International as: (assume no change in budgeted quantities)

  • A. BCWP/ACWP
  • B. ACWP/BCWS
  • C. ACWP/BCWP
  • D. BCWS/BCWP

Answer: A


NEW QUESTION # 158
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, giving the employees an award that acknowledges their achievements is most likely to satisfy which level of need?

  • A. Safety needs
  • B. Power needs
  • C. Self-actualization
  • D. Belonging needs

Answer: C

Explanation:
An award acknowledging employees' achievements is being given.
Maslow's Hierarchy of Needs:
The hierarchy includes five levels: Physiological, Safety, Belongingness, Esteem, and Self-actualization.
Awards and recognition typically fulfill Esteem needs, which include self-respect, achievement, and the respect of others.
Answer : D. Self-actualization


NEW QUESTION # 159
Budgeted cost of work scheduled is all of the following except:

  • A. Baseline for performance measurement
  • B. Sum of the budgets for work scheduled
  • C. Includes portion of the budget for level-of-effort work
  • D. Total costs incurred in accomplishing work in a given-time period

Answer: D

Explanation:
The Budgeted Cost of Work Scheduled (BCWS) is a key concept in project management and cost accounting, particularly in the Earned Value Management (EVM) framework. BCWS represents the cumulative planned costs of work scheduled to be completed up to a specific point in time. It serves as a baseline for measuring performance and comparing actual progress against planned progress.
Explanation of Options:
Option A: Total costs incurred in accomplishing work in a given-time period This option is incorrect because BCWS does not represent the actual costs incurred; rather, it reflects the planned or budgeted costs for the work scheduled to be done. The actual costs incurred would be tracked under the Actual Cost of Work Performed (ACWP).
Option B: Baseline for performance measurement
This is a correct description of BCWS. It is used as a baseline to compare the budgeted costs with the actual costs and earned value, enabling performance measurement and variance analysis.
Option C: Sum of the budgets for work scheduled
This is also correct. BCWS is essentially the sum of the budgeted costs for all scheduled work up to a certain date.
Option D: Includes portion of the budget for level-of-effort work
This is correct as well. BCWS can include portions of the budget allocated to level-of-effort (LOE) tasks, which are support tasks that don't directly contribute to the completion of specific project deliverables but are necessary for the overall project.
Therefore, the correct answer is A, as it inaccurately describes BCWS by confusing it with actual costs incurred, which are instead captured by ACWP.


NEW QUESTION # 160
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. A relationship oriented leader described the least preferred worker in an unfavorable light
  • C. Successful leadership can always be imposed by experienced supervision
  • D. between the style of the leader and the demands of the situation
  • E. Successful leadership depends upon a good match

Answer: E

Explanation:
Given Scenario:
Fred Fiedler's contingency model is referenced.
Fiedler's Contingency Model:
This model suggests that successful leadership depends on the match between a leader's style and the demands of the situation. A leader's effectiveness is contingent on how well the leader's style fits the context of the situation.


NEW QUESTION # 161
Which of the following is NOT a type of float?

  • A. Total
  • B. Negative
  • C. Open end
  • D. Free

Answer: C


NEW QUESTION # 162
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