2024 Updated Verified CCP Downloadable Printable Exam Dumps
The Ultimate AACE International CCP Dumps PDF Review
The Certified Cost Professional (CCP) exam is a globally recognized certification program developed and administered by AACE International. It is designed to recognize individuals who have demonstrated the skills and knowledge required to effectively manage and control project costs in various industries. Certified Cost Professional (CCP) Exam certification is aimed at professionals working in cost engineering, project management, estimating, cost control, and project accounting.
NEW QUESTION # 38
An agricultural corporation that paid 53% in income tax wanted to build a grain elevator designed to last twenty-five (25) years at a cost of $80,000 with no salvage value. Annual income generated would be $22,500 and annual expenditures were to be $12,000.
Answer the question using a straight line depreciation and a 10% interest rate.
Which of the following should be included in the life-cycle cost analysis of a power plant?
- A. Resources, work activities, final cost objects
- B. Factory expenses, distribution expenses, mark-up
- C. Capacity factor, end product units, physical dimensions
- D. Construction cost, operating cost, maintenance cost
Answer: D
NEW QUESTION # 39
If you deposit $100 per month for two (2) years and earn interest at 12% APR (Annual Percentage Rate) compounded monthly, how much will you have at the end of the period?
- A. $2,424
- B. $2,688
- C. $2,697
- D. $2,976
Answer: A
NEW QUESTION # 40
An agricultural corporation that paid 53% in income tax wanted to build a grain elevator designed to last twenty-five (25) years at a cost of $80,000 with no salvage value. Annual income generated would be $22,500 and annual expenditures were to be $12,000.
Answer the question using a straight line depreciation and a 10% interest rate.
The following question requires your selection of CCC/CCE Scenario 17 (4.2.50.1.1) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
All of the following are included in "income tax" calculations except:
- A. Depreciation
- B. Annual income
- C. Annual expenditures
- D. Initial cost of investment
Answer: D
NEW 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.
The following is NOT an advantage of the critical path method:
- A. The ability to determine cost overruns of critical path activities
- B. Reveals activities that additional resources need to be dedicated toward
- C. The ability to identify activities that cannot have their schedules slip if the desired project end date is to be achieved
- D. The ability to show slippage in the progress of key activities
Answer: A
NEW 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.
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 has a lot of confidence in the employees
- D. Management issues orders, but employees have some freedom to comment
Answer: A
NEW QUESTION # 43 
The following question requires your selection of CCC/CCE Scenario 4 (2.7.50.1.1) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
At the end of 30 months, copper prices will have increased by what percentage over today's price?
- A. 2.5%
- B. 6.6%
- C. 4.6%
- D. 3.5%
Answer: A
NEW QUESTION # 44 
The following question requires your selection of CCC/CCE Scenario 4 (2.7.50.1.1) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
What is the cost of manufacturing labor for the piece of equipment today?
- A. $210,000
- B. $105,000
- C. $140,000
- D. $875,000
Answer: C
NEW QUESTION # 45
An agricultural corporation that paid 53% in income tax wanted to build a grain elevator designed to last twenty-five (25) years at a cost of $80,000 with no salvage value. Annual income generated would be $22,500 and annual expenditures were to be $12,000.
Answer the question using a straight line depreciation and a 10% interest rate.
The following question requires your selection of CCC/CCE Scenario 17 (4.2.50.1.1) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
Present worth calculations is represented by which of the following equations?
- A. Option A
- B. Option B
- C. Option D
- D. Option C
Answer: C
NEW 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.
Fred Fiedler's contingency model suggests that:
- A. between the style of the leader and the demands of the situation
- B. Successful leadership depends upon a good match
- C. A relationship oriented leader described the least preferred worker in an unfavorable light
- D. Successful leadership can always be imposed by experienced supervision
- E. Leadership styles are just the opposite of the managerial grid model
Answer: A
NEW 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.
The following question requires your selection of CCC/CCE Scenario 26 (2.5.50.1.2) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
What information is needed to develop a Class 2 definitive estimate?
- A. Preliminary quantities with labor, material, and factors applied, square footage of facilities, minimum contingency detailed indirect costs
- B. Soil data, detailed construction drawings, quantity takeoffs, minimum contingency detailed indirect costs, detailed engineering estimates
- C. Square footage of facilities, factored indirects and home office costs
- D. Vendor quotes, home office detailed estimate, preliminary quantities with labor, material, and factors applied
Answer: B
NEW QUESTION # 48
An agricultural corporation that paid 53% in income tax wanted to build a grain elevator designed to last twenty-five (25) years at a cost of $80,000 with no salvage value. Annual income generated would be $22,500 and annual expenditures were to be $12,000.
Answer the question using a straight line depreciation and a 10% interest rate.
How many years will it take to earn $400 in interest on $800 at 4% compounded annually?
- A. 12 years
- B. 11 years
- C. 10 years
- D. 13 years
Answer: C
NEW QUESTION # 49
What is a basic element of work or a task that must be performed over a given period of time in order to complete a project called?
- A. Resource
- B. WBS element
- C. Commodity
- D. Activity
Answer: D
NEW 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.
Which of the following is least likely to improve a large earthmoving contractor's productivity?
- A. Starting summer work in the early morning hours to minimize work during peak heat periods of the day
- B. Using apprentice operators to save labor costs
- C. Remove underground hazards prior to excavation work
- D. Replacing old excavators with new, larger excavators
Answer: A
NEW QUESTION # 51
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
Answer: D
NEW QUESTION # 52 
The following question requires your selection of CCC/CCE Scenario 6 (2.7.50.1.3) from the right side of your split screen., using the drop down menu, to reference during your response/choice of responses.
What is the range of unit costs?
- A. $21.57
- B. $26.65
- C. $485.00
- D. $48.22
Answer: C
NEW QUESTION # 53
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 start for each activity
- B. Recalculate the early finish for each activity
- C. Update the remaining duration for each activity
- D. Recalculate the critical path
Answer: D
NEW QUESTION # 54
Meetings require:
- A. Goals, an agenda, preparation, relevant discussions, support for your actions and to consider the total physical and human setting of the meeting
- B. Goals, an agenda, preparation, control, good listening skills and relevant discussions
- C. Goals, an agenda, preparation, conclusions, control and conversations that are relevant
- D. Goals, an agenda, flipchart, computer projector, laser pointer and consulting with others where appropriate
Answer: C
NEW QUESTION # 55
The process of stating goals and determining the most effective way of reaching them is the definition for:
- A. Implementing
- B. Mission Statement
- C. Planning
- D. Managing
Answer: C
NEW QUESTION # 56
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. Lost profits
- B. Postponed profits
- C. Marginal profits
- D. Incurred profits
Answer: B
NEW QUESTION # 57
An agricultural corporation that paid 53% in income tax wanted to build a grain elevator designed to last twenty-five (25) years at a cost of $80,000 with no salvage value. Annual income generated would be $22,500 and annual expenditures were to be $12,000.
Answer the question using a straight line depreciation and a 10% interest rate.
How much money should be set aside today to have $20,000 available eight (8) years from now if the interest rate is 6% compounded annually?
- A. $29,600
- B. $12,550
- C. $31,875
- D. $13,515
Answer: B
NEW QUESTION # 58
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The CCP certification is a mark of distinction for professionals working in cost engineering. It demonstrates that professionals have the knowledge and skills needed to manage cost engineering projects effectively. Certified Cost Professional (CCP) Exam certification is recognized globally and is considered by many employers to be a necessary qualification for project management and cost engineering positions. With a CCP certification, professionals can expect to see an increase in their earning potential and job opportunities.
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