[Feb-2024] Verified CCP dumps Q&As - CCP dumps with Correct Answers
The Best AACE Certification Study Guide for the CCP Exam
NEW QUESTION # 17
What do you call a person authorized to represent another (the principal) in some capacity? He/she can only act within this capacity or "scope of authority" to bind the principal.
- A. Project Manager
- B. Engineer
- C. Agent
- D. Alternate
Answer: C
NEW QUESTION # 18
The goal of listening is to:
- A. Find out what is going on
- B. Have time to formulate your thoughts on the subject
- C. Analyze what the speaker is saying
- D. Improve communication
Answer: D
NEW QUESTION # 19
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.
Which of the following percent complete measurement techniques is best suited for long-term non-production accounts (such as overhead accounts)?
- A. Ratio/level of effort
- B. Incremental milestone
- C. Start/finish
- D. Units completed
Answer: B
NEW QUESTION # 20
In order to withdraw $400 at the end of each year for seven years, what amount should be deposited at 6.0% interest to leave nothing in the fund at the end of seven years?
- A. $2,483
- B. $3,357
- C. $2,968
- D. $2,233
Answer: D
NEW QUESTION # 21 
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. 12,000
- B. 14,201
- C. 10,526
- D. 16,215
Answer: C
NEW QUESTION # 22
Two of the most important things to know when planning a speech or lecture are the ______________and______________ of your audience.
- A. Motivation, professionalism
- B. Background, attitude
- C. Political preference, sense of humor
- D. Culture, understanding
Answer: D
NEW QUESTION # 23
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.
Resource planning must take all of the following into account except:
- A. Cash flow (expenditures) limitations for completing work on the project
- B. Time available to complete the project
- C. Earned value techniques established for the project
- D. Types of materials, equipment and labor skills required to complete the project
Answer: C
NEW QUESTION # 24
A schedule's late dates are calculated during the:
- A. Backward pass
- B. Forward pass
- C. Float
- D. Loop calculations
Answer: A
NEW QUESTION # 25
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. Self-actualizations
- C. Belonging needs
- D. Esteem
Answer: B
NEW QUESTION # 26
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. Esteem needs
- B. Primary needs
- C. Self-actualization needs
- D. Belongingness needs
Answer: D
NEW QUESTION # 27
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 interest rates disregards the effects of compounding periods that occur more frequent than annually?
- A. Nominal interest rate
- B. Minimum attractive rate of return
- C. Continuous compounding rate
- D. Simple interest rate
Answer: A
NEW QUESTION # 28
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. The learning curve
- B. Value engineering
- C. Productivity efficiency factor
- D. Cash flow
Answer: A
NEW QUESTION # 29
Meetings require:
- A. Goals, an agenda, flipchart, computer projector, laser pointer and consulting with others where appropriate
- B. Goals, an agenda, preparation, conclusions, control and conversations that are relevant
- C. Goals, an agenda, preparation, control, good listening skills and relevant discussions
- D. Goals, an agenda, preparation, relevant discussions, support for your actions and to consider the total physical and human setting of the meeting
Answer: B
NEW QUESTION # 30
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.
If you buy a lot for $3,000 and sell it for $6,000 at the end of 8 years, what is your annual rate of return?
- A. 9.1%
- B. 9.9%
- C. 10.4%
- D. 8.3%
Answer: A
NEW QUESTION # 31 
The following question requires your selection of CCC/CCE Scenario 28 (3.7.50.1.7) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
An unbalanced bid methodology can best be used by:
- A. Engineer/contractor working for the owner (Plan B)
- B. Contractor working directly for engineer (plan A or B)
- C. Subcontractor working for contractor (Plan A or B)
- D. Engineer working for the owner (Plan A)
Answer: A
NEW QUESTION # 32
A bond that guarantees the bidder will enter into a contract on the basis of his/her bid is referred to as:
- A. Liability bond
- B. Surety bond
- C. Bid bond
- D. Performance bond
Answer: C
NEW QUESTION # 33
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