Eli West Eli West's Profile Page

Eli West Eli West

0 Course Enrolled • 0 Course Completed

Biography

Exam CCP Simulator Free | Test CCP Practice

ActualCollection has one of the most comprehensive and top-notch AACE International CCP Exam Questions. We eliminated the filler and simplified the Certified Cost Professional (CCP) Exam exam preparation process so you can ace the AACE International certification exam on your first try. Our AACE International CCP Questions include real-world examples to help you learn the fundamentals of the subject not only for the AACE International exam but also for your future job.

The CCP Exam consists of two parts: a multiple-choice portion and a written-essay portion. The multiple-choice part tests a candidate's knowledge in cost engineering, project management, and scheduling. The written-essay section assesses the candidate's ability to analyze and solve problems related to cost engineering and project management. CCP exam is notoriously challenging, with a pass rate of fewer than 50%, and candidates are required to demonstrate a mastery of cost engineering principles, practices, and procedures.

The Certified Cost Professional (CCP) certification exam offered by AACE International is the leading certification for cost engineering and quantity surveying professionals. CCAs are proficient in cost estimation, budgeting, control, and analysis, ensuring that they meet or surpass stakeholder expectations regarding the effective use of project resources.

>> Exam CCP Simulator Free <<

Test CCP Practice & New CCP Exam Test

They work closely and check all CCP exam practice test questions step by step and ensure the top standard of CCP exam questions all the time. So rest assured that with the CCP Exam Dumps you will get everything that you need to prepare and pass the AACE International CCP certification exam with good scores.

The CCP Certification Exam is a four-hour exam consisting of approximately 130 multiple-choice questions. CCP exam is computer-based and can be taken at any Pearson VUE testing center worldwide. The passing score for the CCP Exam is 70%, and candidates are allowed to retake the exam multiple times if they fail. However, candidates must wait at least 60 days between attempts.

AACE International Certified Cost Professional (CCP) Exam Sample Questions (Q94-Q99):

NEW QUESTION # 94
A used concrete pumping truck can be purchased for $125,000. The operation costs are expected to be $65,000 the first year and increase 5% each year thereafter. As a result of the purchase, the company will see an increase in income of $100,000 the first year and 5% more each subsequent year. The company uses straight-line depreciation. The truck will have a useful life of five (5) years and no salvage value. Management would like to see a 10% return on any investment. The company's tax rate is 28%.
Which of the following calculations would not be needed to determine "net income?'

A. Taxes
B. Depreciation
C. Present value
D. Income before taxes

Answer: C

Explanation:
To determine "net income," the calculations typically needed include Depreciation, Taxes, and Income Before Taxes. Present Value calculations are typically used in capital budgeting to assess the value of future cash flows today, not directly in the calculation of net income. Net income is determined by subtracting expenses, including depreciation and taxes, from revenues, but present value calculations would not be directly involved in this particular income calculation.

NEW QUESTION # 95
A _________contract allows the contractor to freely employ whatever methods and resources it chooses in order to complete the work.

A. Cost reimbursable/Fixed fee
B. Guaranteed maximum price
C. Lump-sum/Fixed price
D. Measured unit price

Answer: C

Explanation:
In a Lump-Sum/Fixed-Price contract, the contractor agrees to complete the work for a set price, regardless of the actual costs incurred. This type of contract is often used when the project scope is well-defined, and the contractor has the freedom to choose methods and resources to complete the work within the agreed price.
Key Points:
Lump-Sum/Fixed-Price Contract:
The contractor has full responsibility for carrying out the project within the agreed-upon price.
The contractor is incentivized to control costs and manage resources efficiently because any cost overruns will reduce their profit margin.
Other Contract Types:
Guaranteed Maximum Price (GMP): The contractor is reimbursed for costs up to a maximum limit. Any costs above this limit are the contractor's responsibility.
Cost Reimbursable/Fixed Fee: The contractor is reimbursed for actual costs incurred, plus an additional fee, which might be a fixed amount or a percentage of the costs.
Measured Unit Price: Payment is made based on the actual quantity of work completed, with predefined rates for each unit.
Conclusion: The correct answer is D. Lump-sum/Fixed price as this contract type gives the contractor the freedom to choose their methods and resources to complete the project, with a focus on efficiency to maximize profit within the fixed price.

NEW QUESTION # 96
What relationship more accurately defines a situation model of parallel activities that require a partial start of one activity?

A. Star to finish
B. Start to start
C. Finish to finish
D. Finish to start

Answer: B

Explanation:
In project management, the relationship that defines a situation where one activity can partially start as another activity starts is known as Start to Start. This type of dependency is used when two activities need to begin at the same time or when one activity can start before the other finishes but cannot finish before the first activity starts.

NEW QUESTION # 97
AACE International defines_____________as the primary activity that separates Value Methodology (VM) from other "improvement" practices and has the objective to develop the most beneficial areas for continuing study.

A. Benefit/Cost ratio (B/C) method
B. Life cycle costs method (LCC)
C. Function Analysis Phase
D. Not present worth method

Answer: C

Explanation:
The Function Analysis Phase is the primary activity that separates Value Methodology (VM) from other improvement practices. This phase focuses on understanding the essential functions of a project or system and identifying ways to improve them, making it a key component of VM. This distinguishes VM from other methodologies that might focus more on costs, benefits, or lifecycle considerations without a detailed analysis of function. Therefore, the correct answer is C. Function Analysis Phase.

NEW QUESTION # 98
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. Remove underground hazards prior to excavation work
C. Starting summer work in the early morning hours to minimize work during peak heat periods of the day
D. Replacing old excavators with new, larger excavators

Answer: A

Explanation:
Using apprentice operators to save labor costs is the least likely to improve a large earthmoving contractor's productivity. While it may reduce labor costs, apprentice operators are generally less experienced and less efficient than seasoned operators, which could lead to lower productivity and potentially higher costs due to mistakes or slower work. In contrast, options B, C, and D are all strategies that could directly improve productivity by optimizing working conditions or using more efficient equipment. Hence, the correct answer is A. Using apprentice operators to save labor costs.
Top of Form
Bottom of Form

NEW QUESTION # 99
......

Test CCP Practice: https://www.actualcollection.com/CCP-exam-questions.html

Eli West Eli West

Biography

Get Started

Contact Us