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New AACE Certification CCP Exam Practice Questions

Total 189 Questions

Last Updated On: 24-Feb-2025

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Question # 1

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 is NOT an advantage of the critical path method:
A. The ability to determine cost overruns of critical path activities
B. The ability to identify activities that cannot have their schedules slip if the desired project end date is to be achieved
C. Reveals activities that additional resources need to be dedicated toward
D. The ability to show slippage in the progress of key activities

A. The ability to determine cost overruns of critical path activities

Question # 2

Which of the following is a common technique to approximate the standard deviation?
A. Range/4
B. Range/16
C. Range * 2
D. Square root of the range

A. Range/4

Question # 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. Cost engineers who feel completely satisfied and fulfilled by their work as part of a project team are said to have reached the ______________ stage of Maslow's hierarchy of needs.
A. Need satisfaction
B. Belonging needs
C. Self-actualizations
D. Esteem

C. Self-actualizations

Question # 4

A contract clause that provides the owner with the right to terminate the contract irrespective of the general contractor's liability is:
A. Termination of contract - convenience
B. Termination of contract - default
C. Substantial completion
D. Breach of contract

A. Termination of contract - convenience

Question # 5

A task has an early start of day 4. late start of day 14. early finish of day 10. and a late finish of day 20. What is the task's float?
A. 4
B. 10
C. 20
D. 9

B. 10

Question # 6

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 aschedule 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

C. Project will be completed in 4 more weeks

Question # 7

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%. SCENARIO: A can manufacturing company requested you to provide data for their decision making. The unit prices of the can vary but an average selling price of $0.55 cents and average cost of $0.45 cents is estimated. The monthly fixed costs are: Rent-SI .600 Wages - $4.000 Miscellaneous fixed expenses - $500 Marketing team observed that factory can safely increase their unit selling price to S0.60 cents. The new break even units for the sales based on new contribution margin will be:
A. 20,000 units
B. 60,000 units
C. 6,000 units
D. 40,000 units

D. 40,000 units

AACE International CCP Exam Dumps

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