AACE CCP Certified Cost Professional (CCP) Exam Online Training
AACE CCP Online Training
The questions for CCP were last updated at Feb 20,2025.
- Exam Code: CCP
- Exam Name: Certified Cost Professional (CCP) Exam
- Certification Provider: AACE
- Latest update: Feb 20,2025
Any combination of unique letters, numbers, or blanks, which describes and identifies any activity or task shown on the schedule, is:
- A . Activity ID
- B . WBS Code
- C . Resource
- D . Account number
The process of stating goals and determining the most effective way of reaching them is the definition for:
- A . Implementing
- B . Mission Statement
- C . Managing
- D . Planning
A schedule’s late dates are calculated during the:
- A . Loop calculations
- B . Backward pass
- C . Forward pass
- D . Float
Which of the following is NOT a type of float?
- A . Total
- B . Negative
- C . Open end
- D . Free
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
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
A concrete slab measuring 10 feet wide by 13.5 feet long by 6 inches deep is to be installed.
How many cubic yards of concrete will be required?
- A . 3.0 cubic yards
- B . 2.0 cubic yards
- C . 3.5 cubic yards
- D . 2.5 cubic yards
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
Which of the following best describes the concept of total cost management:
- A . A method of quantifying construction damages where the total job costs are subtracted from the original bid or estimate to determine the total cost amount for a claim
- B . The practices and processes utilized to manage the total life cycle cost investment in a portfolio of
strategic assets - C . A job cost system for ensuring all aspects of a particular manufacturing process are accumulated completely
- D . An integrating process that maps the fields of practice of cost engineering without linking it to project management, resource management, or accounting
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)
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