CCP Dumps PDF – CCP Real Exam Questions Answers [Q30-Q47]

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CCP Dumps PDF – CCP Real Exam Questions Answers

Get Started: CCP Exam [year] Dumps AACE International PDF Questions

NO.30 ____________ is the application of total resources ($-workers-supports) and activity durations of the logic diagram.

Planning

Forecasting

Scheduling

Modeling

NO.31 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:

Activity total slack

Remaining duration

Just-in-time” scheduling

Free float

NO.32

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.
10,278 hours have been expended to date. The CPI at this point in time is 0.93. SPI is
1.03. How many hours were planned?

10,586

9,280

9,559

10,278

NO.33 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:

The ability to determine cost overruns of critical path activities

The ability to identify activities that cannot have their schedules slip if the desired project end date is to be achieved

Reveals activities that additional resources need to be dedicated toward

The ability to show slippage in the progress of key activities

NO.34 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.
The main financial objective of many enterprises is:

To maximize the total long-term economic return

Subject to a well-conceived quality control plan

To balance opportunities and risks

Dependent on the backlog projects and the availability of resources

NO.35 Which of the following best describes the concept of total cost management:

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

The practices and processes utilized to manage the total life cycle cost investment in a portfolio of strategic assets

A job cost system for ensuring all aspects of a particular manufacturing process are accumulated completely

An integrating process that maps the fields of practice of cost engineering without linking it to project management, resource management, or accounting

NO.36 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.
How many years will it take to earn $400 in interest on $800 at 4% compounded annually?

10 years

11 years

12 years

13 years

NO.37 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.
The following question requires your selection of CCC/CCE Scenario 17 (4.2.50.1.1) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
Assuming a 53% tax rate, how much cumulative depreciation will have been claimed at the end of the grain elevator’s life span?

None

$42,400

$37,600

$80,000

NO.38 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:

Costing

Cost-price analysis

Bid shopping

Negotiating a best and final offer

NO.39 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.
A cyclical process model was chosen as the basis for total cost management (TCM) because:

It is one of the basic tenets of quality improvement

Refinement is needed to prepare the estimate at completion (EAC)

Strategic assets and projects have inherent life cycles

It facilitates development of budgets and schedules

NO.40 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 should be included in the life-cycle cost analysis of a power plant?

Construction cost, operating cost, maintenance cost

Factory expenses, distribution expenses, mark-up

Capacity factor, end product units, physical dimensions

Resources, work activities, final cost objects

NO.41 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 a schedule performance index of 0.80. What would you advise the management about the scheduled completion date?

Project will be completed in 20 more weeks

Project will be completed this week – on schedule

Project will be completed in 4 more weeks

Project will be completed in 12.8 more weeks

NO.42

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:

Engineer/contractor working for the owner (Plan B)

Subcontractor working for contractor (Plan A or B)

Contractor working directly for engineer (plan A or B)

Engineer working for the owner (Plan A)

NO.43 The written word is often more useful than the spoken. Guidelines for writing include:

Use short sentences; use short words; avoid jargon and abbreviations; use complete sentences; stick to one idea per paragraph; have a beginning, middle and end; be accurate

Organize the background information; state the problem list the options or alternatives; state the recommendation (s); conclude and summarize with why the recommendation is the best way to proceed

Follow an outline; allow some time for “cooling” after compiling the draft before revising; when revising, allow plenty of time for several sessions

Explain, report, describe, clarify, define and demonstrate

NO.44

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.
If the owner in B has as his primary goal to get the project completed and on line as fast as possible, then he would most likely use the ______________type of contract.

Cost plus

Lump sum

Unit Rate

Lump sum + incentive

NO.45 In a fixed price contract the:

Contractor has no risk in the project

Contactor assumes all the performance risk

Contractor is paid for actual costs

Owner has all the risk

NO.46

The following question requires your selection of CCC/CCE Scenario 4 (2.7.50.1.1) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
What is the cost index value of copper at the end of Year 2? (rounded to 2 decimal positions)