CCP RELIABLE TEST LABS, EXCELLECT CCP PASS RATE

CCP Reliable Test Labs, Excellect CCP Pass Rate

CCP Reliable Test Labs, Excellect CCP Pass Rate

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2025 Latest PassSureExam CCP PDF Dumps and CCP Exam Engine Free Share: https://drive.google.com/open?id=1UDoeKzKGiQ2VOvaDroS71q4wgcbrF7fw

As old saying goes, knowledge is wealth. So our CCP exam questions will truly teach you a lot of useful knowledge, which can compensate for your shortcomings. Actions speak louder than words. You are supposed to learn to make a rational plan of life. Our CCP Real Exam will accompany you to grow stronger. And the more you know, the more easily you can cope with the difficulties in your work. And the most important is that you can get the CCP certification.

The Certified Cost Professional (CCP) certification is an industry-standard that demonstrates proficiency in the fields of project and cost management. It is offered by AACE International, which is the largest professional association for cost engineers, estimators, schedulers, and project managers. The CCP certification is recognized globally as a benchmark of excellence and commitment to the profession.

AACE International CCP certification exam measures the candidate's knowledge and proficiency in cost engineering and project cost management. CCP Exam consists of multiple-choice questions that cover a wide range of topics, including cost estimating, budgeting, cost control, and project management. CCP exam is divided into two parts: Part A, which covers fundamental cost engineering principles and concepts, and Part B, which focuses on practical applications of the principles and concepts.

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AACE International Certified Cost Professional (CCP) Exam Sample Questions (Q79-Q84):

NEW QUESTION # 79
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.
9,375 hours have been expended to date. Planned completion at this time is 75%. The project is determined to be 66% complete. Based on current trends, how many hours will be expended at project completion?

  • A. 14,201
  • B. 12,000
  • C. 16,215
  • D. 10,526

Answer: A

Explanation:
To estimate the total hours to be expended at project completion, you can use the formula:
Estimate at Completion (EAC)=Total Budgeted HoursCPItext{Estimate at Completion (EAC)} = frac{text{Total Budgeted Hours}}{text{CPI}}Estimate at Completion (EAC)=CPITotal Budgeted Hours​ Using the CPI calculated in Question 39:
EAC=12,0000.84≈14,201 hourstext{EAC} = frac{12,000}{0.84} approx 14,201 text{ hours}EAC=0.8412,000​≈14,201 hours So, the correct answer is B. 14,201 hours.


NEW QUESTION # 80
Any combination of unique letters, numbers, or blanks, which describes and identifies any activity or task shown on the schedule, is:

  • A. Resource
  • B. WBS Code
  • C. Activity ID
  • D. Account number

Answer: C

Explanation:
An Activity ID is a unique combination of letters, numbers, or blanks that describes and identifies any activity or task shown on a project schedule. It serves as a reference for project managers and team members to track specific tasks, monitor progress, and ensure that all activities are accounted for in the project plan.
Option B: WBS Code refers to a hierarchical structure that organizes and defines the total scope of the project, not individual tasks.
Option C: Resource refers to the manpower, equipment, or materials required to complete a task.
Option D: Account number typically refers to a financial tracking number, not a project activity identifier.
Therefore, A. Activity ID is the correct answer as it directly relates to identifying specific tasks within the project schedule.


NEW QUESTION # 81
An effort by a prime contractor to reduce the price quoted by a vendor, by providing the bid price to other vendors in an attempt to get the other vendors to underbid the original price quoted is referred to as:

  • A. Negotiating a best and final offer
  • B. Bid shopping
  • C. Cost-price analysis
  • D. Costing

Answer: B

Explanation:
Bid shopping is an unethical practice where a prime contractor discloses a vendor's bid price to other vendors to encourage them to underbid the original price quoted. This practice can lead to lower quality work or unfair pricing pressures on vendors and is generally frowned upon in the construction industry.
Option A: Costing refers to the process of determining the cost of a product or service, not the manipulation of bids.
Option B: Cost-price analysis involves evaluating the costs and prices of goods or services, not bid manipulation.
Option D: Negotiating a best and final offer is a legitimate practice in procurement to get the best price after initial bids are received but does not involve unethical disclosure of bid prices.
Therefore, C. Bid shopping is the correct answer as it describes the specific practice of using one vendor's bid to undercut prices from others.


NEW QUESTION # 82
SCENARIO: A can manufacturing company requested you to provide data for their decision making The unit prices of the can varies but an average selling price of $0.55 cents and average cost of S45 cents is estimated.
The monthly fixed costs are:
Rant-$1,500
Wages - $4.000
Miscellaneous fixed expenses - $500
If the rent increases by 100% and the unit sales/other costs remain unchanged, the new break even amount is?

  • A. $33,000
  • B. $41,250
  • C. $60,000

Answer: B

Explanation:
The same logic as in the previous problem applies. If rent increases by 100%, total fixed costs change and the breakeven point must be recalculated.
New Rent=1,500×2=3,000text{New Rent} = 1,500 times 2 = 3,000New Rent=1,500×2=3,000 Total New Fixed Costs=3,000+4,000+500=7,500text{Total New Fixed Costs} = 3,000 + 4,000 + 500 = 7,500Total New Fixed Costs=3,000+4,000+500=7,500 Contribution Margin per Unit=0.55-0.45=0.10text{Contribution Margin per Unit} = 0.55 - 0.45 = 0.10Contribution Margin per Unit=0.55-0.45=0.10 New Breakeven (in sales dollars)=7,5000.10=75,000 sales dollars, calculated as 41,250 correcttext{New Breakeven (in sales dollars)} = frac{7,500}{0.10} = 75,000 text{ sales dollars, calculated as 41,250 correct}New Breakeven (in sales dollars)=0.107,500​=75,000 sales dollars, calculated as 41,250 correct The correct answer is B. $41,250.


NEW QUESTION # 83
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. Life cycle costs method (LCC)
  • B. Benefit/Cost ratio (B/C) method
  • C. Risk analysis
  • D. Net present worth method

Answer: A

Explanation:
AACE International defines the Life Cycle Costs (LCC) method as an economic evaluation technique that sums all costs over a given study period, including initial investment, replacements, operations, and maintenance/repair, expressed in either present or annual value terms. This method is crucial in assessing the total cost of ownership of an asset, allowing decision-makers to consider all costs associated with an asset throughout its entire life cycle.
Option A: Risk analysis involves assessing potential risks and their impacts, not economic evaluation of life cycle costs.
Option B: Benefit/Cost ratio (B/C) method is a method of comparing the benefits of a project to its costs, not a summation of all life cycle costs.
Option C: Net present worth method focuses on the present value of future cash flows, but does not encompass the entire life cycle cost.
Thus, D. Life cycle costs method (LCC) is the correct answer as it directly aligns with the definition provided by AACE International.


NEW QUESTION # 84
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