Things You Need to Know About the AACE International CCP Exam Preparation

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To be eligible for the CCP certification exam, applicants must have a bachelor's degree in a relevant field or have at least eight years of industry experience. Candidates must also meet specific education, training, and experience requirements to ensure they have the necessary skills and knowledge to become a CCP certified professional. Additionally, candidates must demonstrate their proficiency in core competencies, such as cost estimating and cost engineering techniques, project management, and contract management. Passing the certification exam is a significant achievement that demonstrates an individual's expertise in the field of cost control and management.

The CCP certification exam covers a wide range of topics and concepts, including cost estimating, cost control, project management, cost accounting, and decision-making skills. CCP exam consists of multiple-choice questions and takes approximately four hours to complete. To be eligible to take the CCP Certification Exam, candidates must first meet certain education and experience requirements, which can vary depending on the candidate's background and qualifications. Once certified, professionals who hold the CCP designation are recognized for their expertise and experience, and they have access to a wide range of career opportunities and professional development resources.

The CCP certification is particularly relevant for individuals who are involved in the planning, estimating, budgeting, and control of project costs. This includes professionals working in industries such as construction, engineering, government, manufacturing, and telecommunications. Certified Cost Professional (CCP) Exam certification provides a comprehensive understanding of the essential elements of cost engineering, including cost estimating, cost analysis, and cost control, among other important concepts.

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AACE International Certified Cost Professional (CCP) Exam Sample Questions (Q145-Q150):

NEW QUESTION # 145
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. Calculates the earliest allowable start and finish times for the activities in the schedule
B. Allows activities to finish as soon as all their 'predecessor' relationships are satisfied
C. Allows total float to be calculated
D. Determines the duration of each activity

Answer: A

NEW QUESTION # 146
The following question requires your selection of CCC/CCE Scenario 2 (2.3.50.1.2) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
10,278 hours have been expended to date. The CPI at this point in time is 0.93. SPI is 1.03. How many hours were planned?

A. 9,280
B. 9,559
C. 10,586
D. 10,278

Answer: C

Explanation:
Planned Value (PV) can be interpreted in terms of hours as: Planned Hours=Hours ExpendedSPI ext{Planned Hours} = rac{ ext{Hours Expended}}{ ext{SPI}}Planned Hours=SPIHours Expended Therefore: Planned Hours=10,2781.03≈9,979 hours ext{Planned Hours} = rac{10,278}{1.03} approx 9,979 ext{ hours}Planned Hours=1.0310,278≈9,979 hours Answer : A. 9,979 (but option might not be available, so considering context, the closest

NEW QUESTION # 147
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%.
The return on investment at the end of the fifth year would be:

A. Unknown
B. Less than 10%
C. Equal to 10%
D. Greater than 10%

Answer: D

Explanation:
To calculate the return on investment (ROI) at the end of the fifth year, you consider the increase in income and the depreciation.
Depreciation per year:
Depreciation=Initial CostLife=125,0005=25,000 ext{Depreciation} = rac{ ext{Initial Cost}}{ ext{Life}} = rac{125,000}{5} = 25,000Depreciation=LifeInitial Cost=5125,000=25,000 Given the income increase and cost increase, over five years, it's expected that the compounded growth and tax benefits through straight-line depreciation should yield a return greater than the required 10%. Therefore, the correct answer is A. Greater than 10%.

NEW QUESTION # 148
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%.
The value of the truck at the end of year five (5) would be:

A. $23,366
B. $0
C. $25,000
D. $14,265

Answer: B

Explanation:
Since the truck is being depreciated using the straight-line method over five years with no salvage value, the book value of the truck at the end of the five-year useful life will be $0. This means the entire cost of the truck would have been fully depreciated by the end of the five years.

NEW QUESTION # 149

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.
If the owner in B has as his primary goal to get the project completed and on line as fast as possible, then he would most likely use the ______________type of contract.

A. Cost plus
B. Unit Rate
C. Lump sum
D. Lump sum + incentive

Answer: D

NEW QUESTION # 150
......

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Things You Need to Know About the AACE International CCP Exam Preparation

CCP Pdf Torrent - Reliable CCP Exam Vce

AACE International Certified Cost Professional (CCP) Exam Sample Questions (Q145-Q150):

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Sean Ward Sean Ward

Biography

Things You Need to Know About the AACE International CCP Exam Preparation

CCP Pdf Torrent - Reliable CCP Exam Vce

AACE International Certified Cost Professional (CCP) Exam Sample Questions (Q145-Q150):

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