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Free Certified Cost Professional (CCP) Exam Practice Questions

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Exam style questions across every CCP domain

Last Update 18 hours ago
Total Questions : 189

Start with our free CCP practice questions, carefully crafted to mirror the domains, phrasing, and difficulty of the real AACE Certification exam. Each CCP exam question comes with a detailed rationale that explains not just which answer is correct but why the others fall short. That's how concepts stick. Use the free set to benchmark yourself: identify your AACE International weak domains, see where you're losing marks, and build a focused study plan in minutes.

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Question # 11

When a person hears the words being said to him/her, but does not receive the message of the words, it is called

Options:

A.  

Reflective listening

B.  

Judgmental listening

C.  

Passive listening

D.  

Directive listening

Discussion 0
Question # 12

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 class of estimate is used for the preliminary design phase of a project?

Options:

A.  

Class 5 - order of magnitude estimate with +50% / -30% accuracy

B.  

Class 1 - order of magnitude with +30% / -30% accuracy

C.  

Class 4 - budget estimate with +30% / -15% accuracy

D.  

Class 2 - definitive estimate with +15%/-5% accuracy

Discussion 0
Question # 13

When measuring progress using tasks that lack readily definable intermediate milestones and level of effort required is difficult to measure, the best methods to use is:

Options:

A.  

Start/finish

B.  

Weighted or equivalent units

C.  

Incremental milestones

D.  

Cost ratio

Discussion 0
Question # 14

Question # 14

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.

6,573 hours have been expended to date. Planned completion at this time is 60%. The project is determined to be 55% complete. How many hours have been earned?

Options:

A.  

6,600

B.  

6,960

C.  

7,200

D.  

6,573

Discussion 0
Question # 15

When the project plan is implemented:

Options:

A.  

Activities are carefully monitored and controlled against the baseline

B.  

The basis for payment applications is formalized

C.  

The forward and backward pass is identified

D.  

CPI and SPI can be calculated and reported

Discussion 0
Question # 16

The four steps to writing are:

Options:

A.  

Introduction, paragraph, conclusion, works cited

B.  

Start, write, complete, revise

C.  

Abstract, body conclusion, bibliography

D.  

Plan, write, cool, revise

Discussion 0
Question # 17

An owner advertised his villa for sale. An investor worked out an estimate on the basis mat the villa could be rented out for $1000 per month. Maintenance charges and other taxes are estimated to be $1,500 per year. The tenant has to pay all utility charges. The investor thinks that he can sell this villa for S100.000 alter 6 years. Assuming that the minimum acceptable rate of return is 12%. answer the following question.

The villa could be recommended for purchase at all of the below-mentioned prices except:

Options:

A.  

$94,500

B.  

$92.800

C.  

$90,5000

D.  

$93,500

Discussion 0
Question # 18

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 thedesign 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?

Options:

A.  

Belonging needs

B.  

Safety needs

C.  

Power needs

D.  

Self-actualization

Discussion 0
Question # 19

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:

Options:

A.  

$0

B.  

$14,265

C.  

$25,000

D.  

$23,366

Discussion 0
Question # 20

Question # 20

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?

Options:

A.  

10,586

B.  

9,280

C.  

9,559

D.  

10,278

Discussion 0

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