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    CCP-Sample Paper-CertKilllers

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    imalinaqvi
    The document appears to be a practice exam for the AACE International Certified Cost Professional (CCP) Exam, consisting of 115 multiple choice questions. The questions cover topics such as types of bonds used in contracting, scheduling terminology like total slack, management styles, work breakdown structure elements, and life cycle costing definitions.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    CCP-Sample Paper-CertKilllers

    Uploaded by

    imalinaqvi
    240 views3 pages
    The document appears to be a practice exam for the AACE International Certified Cost Professional (CCP) Exam, consisting of 115 multiple choice questions. The questions cover topics such as types of bonds used in contracting, scheduling terminology like total slack, management styles, work breakdown structure elements, and life cycle costing definitions.

    Original Description:

    Certified Cost Professional Sample Examination Papers

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    © © All Rights Reserved

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    PDF, TXT or read online from Scribd

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    The document appears to be a practice exam for the AACE International Certified Cost Professional (CCP) Exam, consisting of 115 multiple choice questions. The questions cover topics such as types of bonds used in contracting, scheduling terminology like total slack, management styles, work breakdown structure elements, and life cycle costing definitions.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    240 views3 pages

    CCP-Sample Paper-CertKilllers

    Uploaded by

    imalinaqvi
    The document appears to be a practice exam for the AACE International Certified Cost Professional (CCP) Exam, consisting of 115 multiple choice questions. The questions cover topics such as types of bonds used in contracting, scheduling terminology like total slack, management styles, work breakdown structure elements, and life cycle costing definitions.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 3
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    The document discusses concepts related to project management, scheduling, and cost estimation.

    Management makes most decisions and passes them down

    Life cycle costs method (LCC)

    s@lm@n

    AACE International
    Exam CCP
    Certified Cost Professional (CCP) Exam
    Version: 4.0

    [ Total Questions: 115 ]


    AACE International CCP : Practice Exam
    Question No : 1

    A bond that guarantees the bidder will enter into a contract on the basis of his/her bid is
    referred to as:

    A. Surety bond
    B. Performance bond
    C. Bid bond
    D. Liability bond

    Answer: C

    Question No : 2

    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 latest allowable end time minus the earliest allowable end time on a schedule activity
    is referred to as:

    A. Activity total slack


    B. Remaining duration
    C. Just-in-time" scheduling
    D. Free float

    Answer: A

    Question No : 3

    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.

    Leaders in it certification 2
    AACE International CCP : Practice Exam
    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 issues orders, but employees have some freedom to comment
    D. Management has a lot of confidence in the employees

    Answer: A

    Question No : 4

    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. WBS element
    B. Activity
    C. Resource
    D. Commodity

    Answer: B

    Question No : 5

    AACE International defines _____________as a technique of economic evaluation that


    sums over a given study period, the costs of initial investment, replacements, operations,
    and maintenance/repair; expressed in either present or annual value terms.

    A. Risk analysis
    B. Benefit/Cost ratio (B/C) method
    C. Net present worth method
    D. Life cycle costs method (LCC)

    Answer: D

    Question No : 6

    Leaders in it certification 3

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