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Exams4sure is one of the most excellent website where you can save extra money by getting 3 Months of free updates after purchasing the CCP exam questions dumps. If you have short time so, this place is accurate for you now. Get our AACE International CCP brain dumps and pass your exam in first attempt.We have CCP dumps and past paper questions & answers for your exam training. In this Certified Cost Professional (CCP) Exam we have real exam questions with their answers so that you can get ready & pass exam in your first try. Exams4sure gives free demo for CCP AACE International exam. You can get demo and check our sample questions before purchasing complete file. http://www.exams4sure.net/aace%20international/ccp-exam-questions-dumps.html

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Page 1: CCP Questions Answers

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AACE International CCCertified Cost Profess(CCP)

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What is AACE?

AACE International (formerly the Association for the Advancement of Cost Engineering

6 by 59 cost estimators and cost engineers during the organizational meeting of the Am

Cost Engineering at the University of New Hampshire in Durham, New Ham

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What is Cost Engineering?

Cost engineering is the engineering practice devoted to the management of project c

activities as estimating, cost control, cost forecasting, investment appraisal and risk aEngineers budget, plan and monitor investment projects.

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Certification

Certified Cost Technician (CCT)

A CCT is an individual who has demonstrated proficiency in the basic skills and knowledge of total cos, those seeking CCT certification represent early-career, young professionals who have not yet achieveexperience needed to become certified as a Certified Cost Professional (CCP), or experienced mid- to

who are working to advance their cost engineering skills.

Certified Scheduling Technician (CST)

A CST is an individual who has demonstrated proficiency in the general skills and knowledge of thwithin the AACE International Total Cost Management (TCM) framework. Generally, CST represents e

who are working to gain the requisite years of experience, to become a certified Planning & Schedor more experienced mid- to late-career professionals who wish to be recognized for their planning

Technician Level Certifications

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Certification

Professional - Level CertificationsCertified Cost Professional (CCP)

A CCP is an experienced practitioner with advanced knowledge and technical expertise to apply the bpractices of Total Cost Management (TCM) in the planning, execution and management of any orga

program. CCPs also demonstrate the ability to research and communicate aspects of TCM principles anof project or program stakeholders, both internally and externally.

Certified Estimating Professional (CEP)

A CEP is a professional with vital expertise to contribute to the economic evaluation of potential projdevelopment of budgets, project resource requirements and value engineering. By applying the estima

as outlined in AACE’

s Recommended Practice 46R-11, the CEP estimates costs of a determined scopmanagement on project funding decisions. The CEP’s ability to clearly communicate cost estimates, boto all project stakeholders is critical to their success.

Certified Forensic Claims Consultant (CFCC)

A CFCC is an experienced claims professional and testifying expert working in the construction disputeand litigation support arenas. With emphasis on claims arising from design and construction projects with common law or mixed law, where common law is part of mixed law, the CFCC represents practit

specialists who meet a demanding set of claims preparation and dispute resolution criteria compri

experience, education, and compliance with industry-accepted ethical requirements.

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Decision & Risk Management Professional (DRMP)

A DRMP is a senior-level practitioner with business experience in life cycle asset and project managknowledge and skills ranging from analytical to socio/psychological to management. A DRMP also hexperience in specialized tools and services such as decision analysis, cost risk and uncertainty analy

analysis. DRMPs demonstrate strong communication skills to connect with all levels of project stakeholdemployed by owners and stakeholders in their decision making process – whether it is for a go, n

investment interest or determination of time and cost contingency amounts for capital Earned Value Professional (EVP)

An EVP is a practitioner of Earned Value with demonstrated mastery of contract language as it relaapplication, the organization of a project’s scope into meaningful structure for execution; planning sch

the project work from initiation through close out using an integrated cost/schedule tool; highly proproject progress for performance measurement; an earned value management system (EVMS) and

component used to record actual costs for a project or activity; generating relevant reports, understaninformation reported, using actual cost data from, or reconcilable with, the accounting system for man

activity; and managing change to the scope of work and/or any deviation, performance trend, or chabaseline project control plan, throughout the life-cycle of a project or portfolio of projects in the publThe experienced EVP will have broad experiences in the interpretation of the EV data/metrics and poss

coherent, relevant communications (oral and written) to all levels of project stakeholders (intern

Planning & Scheduling Professional (PSP)

A PSP is a skilled planning and scheduling professional with advanced experience in project plannideveloping, monitoring, updating, forecasting and analyzing integrated project schedules. The PSP l

planning and scheduling process within the AACE International Total Cost Management (TCM) framewoable to communicate effectively with all project stakeholders, both internal and external.

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Certified Cost Professional (CCP)

A CCP is an experienced practitioner with advanced knowledge and technical expertise to apply the bpractices of Total Cost Management (TCM) in the planning, execution and management of any orga

program. CCPs also demonstrate the ability to research and communicate aspects of TCM principles anof project or program stakeholders, both internally and externally.

Exams4sure is one of the most excellent website where yoby getting 3 Months of free updates after purchasing the dumps. If you have short time so, this place is accurate foE International CCP brain dumps and pass your exam in f

We have CCP dumps and past paper questions & answerIn this Certified Cost Professional (CCP) Exam we have rea

their answers so that you can get ready & pass exam in ygives free demo for CCP AACE International exam. You caour sample questions before purchasing complete file.http://www.exams4sure.net /aace%20international/ccp-exal

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Question No 1:

A major theme park is expanding the existing facility over a five-year period. The design will be completed one year after the contract is awarded. Major engineering drawings wfinalized two years after the design contract is awarded and construction will begin threethe award of the design contract. New, unique ride technology will be used and an estimto 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 tof your split screen, using the drop down menu, to reference during your response/choicresponses.Select the statement that best describes the method to estimate the cost of the new ride

A. Break down the technology into componentsB. Call vendors for quotes

C. Use historical data from past projectsD. Adjust known data from existing rides

Answer: D

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Question No 2:

An agricultural corporation that paid 53% in income tax wanted to build a grain elevatordesigned to last twenty-five (25) years at a cost of $80,000 with no salvage value. Annuagenerated 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 annual

A. 10 yearsB. 11 yearsC. 12 yearsD. 13 years

Answer: A

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Question No 3:

Which of the following is NOT a type of float?

A. TotalB. NegativeC. Open endD. Free

Answer: C

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Question No 4:

Meetings require:

A. Goals, an agenda, preparation, relevant discussions, support for your actions and to cototal physical and human setting of the meetingB. Goals, an agenda, preparation, conclusions, control and conversations that are relevantC. Goals, an agenda, preparation, control, good listening skills and relevant discussionsD. Goals, an agenda, flipchart, computer projector, laser pointer and consulting with otheappropriate

Answer: B

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Question No 5:

_____________is defined as the budget for the cost (work) account times the percent compfor that account.

A. Percent completeB. ForecastC. Cost to completeD. Earned value

Answer: D

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Question No 6:

A major theme park is expanding the existing facility over a five-year period. The design will be completed one year after the contract is awarded. Major engineering drawings wfinalized two years after the design contract is awarded and construction will begin threethe award of the design contract. New, unique ride technology will be used and an estimto 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 calculatedB. Determines the duration of each activityC. Calculates the earliest allowable start and finish times for the activities in the scheduleD. Allows activities to finish as soon as all their 'predecessor' relationships are satisfied

Answer: C

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Question No 7:

A major theme park is expanding the existing facility over a five-year period. The design will be completed one year after the contract is awarded. Major engineering drawings wfinalized two years after the design contract is awarded and construction will begin threethe award of the design contract. New, unique ride technology will be used and an estimto be developed to identify these costs that have no historical data.

A. The ability to determine cost overruns of critical path activitiesB. The ability to identify activities that cannot have their schedules slip if the desired projis to be achievedC. Reveals activities that additional resources need to be dedicated towardD. The ability to show slippage in the progress of key activities

Answer: A

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Question No 8:

Cost performance index (CPI) is defined by AACE International as: (assume no change inbudgeted quantities)

A. ACWP/BCWSB. BCWS/BCWP

C. ACWP/BCWPD. BCWP/ACWP

Answer: D

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Question No 9:

A major theme park is expanding the existing facility over a five-year period. The design will be completed one year after the contract is awarded. Major engineering drawings wfinalized two years after the design contract is awarded and construction will begin threethe award of the design contract. New, unique ride technology will be used and an estimto 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 tof your split screen, using the drop down menu, to reference during your response/choicresponses.Why is a +/- notation necessary when developing an estimate?

A. Contingency cushionB. It makes up for the lack of time to develop a real estimate

C. It is a government requirementD. There are unknowns that affect the final cost of a project

Answer: D

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Question No 10:

The following question reqselection of CCC/CCE Scenfrom the right sideof your split screen., using menu, to reference during response/choice of 

responses.What is the range of unit c

A. $21.57B. $26.65C. $48.22D. $485.00

Answer: D

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AACE International CCCertified Cost Profess

(CCP)