AACE International CCP braindumps

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In the midst of staggering business and economic turmoil, you need all the tools at

your disposal to help shore up your career prospects. AACE certification can help you

and the organizations that rely on you for help!

The purpose of AACE Certification is to provide a means for well-qualified individuals

in the cost and management industry to establish credentials to recognize their skills,

knowledge and experience, in addition to providing the public and the industry a means

of distinguishing individuals who have met stringent criteria and competency in order to

be AACE Certified. https://www.pass4sures.com/CCP.html


1. Grants your professional credentials by providing an impartial endorsement of your knowledge

and expertise.

2. Shows your professional commitment and ability to perform to your peers, supervisors, and

clients.

3. Results in greater recognition from peers for taking that extra step in your professional

development.

4. Enhances your professional image by developing certified professionals who stand out as

examples of excellence.

5. Reflects your personal achievement of proving excellence in your field and meeting industry

standards and requirements.

6. Can improve career opportunities by giving you the “edge” when being considered for a

promotion or other opportunities.

7. May provide for greater earnings potential through salary and wage increases based on your

certification status.

8. Improves your skills and knowledge through training, study, and “keeping up” with the industry

via the recertification requirements.

9. Prepares you for greater on-the-job responsibilities by proving that you have invested in your

own professional development.

10. Enriches self-esteem by allowing you to distinguish yourself beyond your job title or academic

degree. https://www.pass4sures.com/CCP.html


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The AACE International portfolio of certifications includes a Technician Level and a

Professional Level. The initial difference between the two are the minimum

experience, education, or a combination of both, required in order to be eligible to take

the examination. Click on the toolbox for the referenced certification for additional

details and important information to help you decide which path is most suitable for

you. https://www.pass4sures.com/CCP.html


Examination Details, Policies & Procedures The Certification Board of AACE International has partnered with Kryterion™ Global

Testing Solutions as the provider of computer based testing (CBT) for all AACE

certification examinations. With a worldwide network of testing centers, the Kryterion

Testing Network (KTN) ensures each testing center conforms to strict standards to make

certain all test takers have a consistent experience. Additionally, Kryterion Testing Network

proctors are required to follow standard operating procedures and are certified to ensure

the highest level of security and customer care.

You may review testing center locations near you by clicking here or learn more about

AACE certification examinations by selecting an option below.



AACE International CCP Certification Study Guide is designed to be a companion

workbook to the Skills and Knowledge of Cost Engineering, 5th Edition (S&K 5). The

information contained in S&K 5 represents the minimum general knowledge a cost

engineering professional is expected to have. This study guide does not teach

specifically to the CCP certification exam.



Question No : 1

Answer : A

The latest allowable end time minus the earliest allowable end time on a schedule

activity is referred to as:

A. Total float

B. Remaining duration

C. Free float

D. Just-in-time scheduling



Question No : 2

Answer : A

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 an exit interview, an employee comments that the reason he is leaving the organization is

lack of teamwork and cohesion among his co-workers. Which need of Maslow's hierarchy of

needs is unmet?

A. Belongingness needs

B. Primary needs

C. Self-actualization needs

D. Esteem needs



Question No : 3

Answer : A

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 is considered a measure of profitability?

A. Rate of return

B. Annual Dividends

C. Total assets

D. Annual sales



Question No : 4

Answer : D

Productivity increases with time. This improvement is commonly associated with

improvements in efficiency brought about by increased experience and skill levels.

What does this scenario describe?

A. Productivity efficiency factor

B. Value engineering

C. Cash flow

D. The learning curve



Question No : 5

NO: 37

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. The entire pipe has been received,

hangers have been installed, and all pipes are in place. None has been welded or

flushed. What percent complete is this project?



Question No : 5

A. 45%

B. 50%

C. 95%

D. 30%

Answer : A



Question No : 6

Answer : D

Money is value. Having money when you need it is very important. Money can also be valuable when used

wisely by knowing when to spend and when to conserve Also, planning now for future expenses can be a plus

to the company rather than a debit. There are several ways to capitalize money and spending. Basically there is

the single payment method that has a compound amount factor and a present worth factor. There is the uniform

annual series that has a sinking fund factor, capital recovery factor and also the compound amount factor and

present worth factor. At this point, we can assure money is worth 10%.

The following question requires your selection of CCC/CCE Scenario 7 (4.8.50.1.1) from the right side of your

split screen, using the drop down menu, to reference during your response/choice of responses.

If you are scheduled for a $100,000 payment at the end of each year for the next five years, what is the

equivalent amount if you were to make a lump sum payment now?

A. $162,370

B. $679,397

C. $379,100

D. $500,000



Question No : 7

Answer : B

A systematic coding structure for organizing and managing scope, assets, cost,

resources, work and schedule activity information is a______________.

A. Cost breakdown structure

B. Code of accounts

C. Cost estimate classification

D. Schedule identification number



Question No : 8

Answer : C

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.

You are reporting on a roadway project, which was estimated to be 10 miles of road. It was

scheduled to be completed in 16 weeks, which is this week. According to your calculations,

the project has a schedule performance index of 0.80. What would you advise the management

about the scheduled completion date?

A. Project will be completed in 20 more weeks

B. Project will be completed this week - on schedule

C. Project will be completed in 4 more weeks

D. Project will be completed in 12.8 more weeks



Question No : 9

Answer : B

The written word is often more useful than the spoken. Guidelines for writing

include:

A. Use short sentences; use short words; avoid jargon and abbreviations; use

complete sentences; stick to one idea per paragraph; have a beginning, middle and

end; be accurate

B. Organize the background information; state the problem list the options or

alternatives; state the recommendation (s); conclude and summarize with why the

recommendation is

the best way to proceed

C. Follow an outline; allow some time for "cooling" after compiling the draft before

revising; when revising, allow plenty of time for several sessions

D. Explain, report, describe, clarify, define and demonstrate



Question No : 10

Answer : A

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. $2,976

C. $2,688

D. $2,697



Total Questions: 115

Last Update: 01-Jan-2016

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AACE International CCP braindumps