CCP Passguide, Latest CCP Study Plan
CCP Passguide, Latest CCP Study Plan
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Tags: CCP Passguide, Latest CCP Study Plan, CCP Test Sample Questions, Reliable CCP Exam Preparation, CCP Actual Exam
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AACE International CCP (Certified Cost Professional) Certification Exam is one of the most recognised certifications in the field of cost management. Certified Cost Professional (CCP) Exam certification is offered by the Association for the Advancement of Cost Engineering International, which is a professional organisation dedicated to advancing the field of cost engineering. Certified Cost Professional (CCP) Exam certification exam is designed to validate a candidate's knowledge and expertise in cost engineering, from fundamental cost management principles to advanced strategic decision-making.
AACE International CCP certification exam is an excellent opportunity for individuals looking to validate their expertise in cost management, measurement, and planning. Passing the exam can increase one's marketability and lead to senior-level positions. With the right amount of professional experience and education, the CCP Certification is achievable and can serve as a valuable asset for career advancement.
Upon passing the CCP Exam, candidates earn the Certified Cost Professional certification, which demonstrates their advanced knowledge and skills in cost engineering and management. Certified Cost Professional (CCP) Exam certification is valid for three years and must be renewed by completing continuing education requirements. CCP certification holders can expect to see an increase in their earning potential and job prospects, as the certification is recognized by many employers in the industry. The CCP certification is an excellent investment for professionals looking to advance their careers in cost engineering and management.
Latest AACE International CCP Study Plan & CCP Test Sample Questions
Our world is in the state of constant change and evolving. If you want to keep pace of the time and continually transform and challenge yourself you must attend one kind of CCP certificate test to improve your practical ability and increase the quantity of your knowledge. Buying our CCP study practice guide can help you pass the test smoothly. Our CCP exam materials have gone through strict analysis and verification by senior experts and are ready to supplement new resources at any time.
AACE International Certified Cost Professional (CCP) Exam Sample Questions (Q122-Q127):
NEW QUESTION # 122
Which of the following is NOT an aspect of quality management?
- A. Quality control
- B. Quality checking
- C. Quality planning
- D. Quality assurance
Answer: B
NEW QUESTION # 123
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.
At the end of 30 months, the final price for the piece of equipment will be:
- A. $328,810
- B. $375,658
- C. $370,710
- D. $378,750
Answer: D
Explanation:
Steel:
Year 1 inflation: 2.5%
Year 2 inflation: 2.5%
Year 3 inflation: 3.0%
Total cumulative inflation for Steel over 2.5 years: Cumulative Inflation=(1+0.025)×(1+0.025)×(1+0.03)=1.025×1.025×1.03=1.080625×1.03≈1.11304text{Cumulative Inflation} = (1 + 0.025) times (1 + 0.025) times (1 + 0.03) = 1.025 times 1.025 times 1.03 = 1.080625 times 1.03 approx 1.11304Cumulative Inflation=(1+0.025)×(1+0.025)×(1+0.03)=1.025×1.025×1.03=1.080625×1.03≈1.11304 Steel cost component: 0.3 times $350,000 = $105,000 Adjusted cost: $105,000 times 1.11304 ≈ $116,869.20 Copper:
Year 1 inflation: 1.0%
Year 2 inflation: 1.5%
Year 3 inflation: 2.0%
Total cumulative inflation for Copper over 2.5 years: Cumulative Inflation=(1+0.01)×(1+0.015)×(1+0.02)=1.01×1.015×1.02≈1.04515×1.02≈1.0651text{Cumulative Inflation} = (1 + 0.01) times (1 + 0.015) times (1 + 0.02) = 1.01 times 1.015 times 1.02 ≈ 1.04515 times 1.02 ≈ 1.0651Cumulative Inflation=(1+0.01)×(1+0.015)×(1+0.02)=1.01×1.015×1.02≈1.04515×1.02≈1.0651 Copper cost component: 0.3 times $350,000 = $105,000 Adjusted cost: $105,000 times 1.0651 ≈ $111,835.50 Manufacturing Labor:
Year 1 inflation: 2.5%
Year 2 inflation: 3.0%
Year 3 inflation: 3.5%
Total cumulative inflation for Manufacturing Labor over 2.5 years: Cumulative Inflation=(1+0.025)×(1+0.03)×(1+0.035)=1.025×1.03×1.035≈1.05625×1.035≈1.09138text{Cumulative Inflation} = (1 + 0.025) times (1 + 0.03) times (1 + 0.035) = 1.025 times 1.03 times 1.035 ≈ 1.05625 times 1.035 ≈ 1.09138Cumulative Inflation=(1+0.025)×(1+0.03)×(1+0.035)=1.025×1.03×1.035≈1.05625×1.035≈1.09138 Labor cost component: 0.4 times $350,000 = $140,000 Adjusted cost: $140,000 times 1.09138 ≈ $152,793.20 Final Price:
Final Price=116,869.20+111,835.50+152,793.20≈381,497.90text{Final Price} = 116,869.20 + 111,835.50 + 152,793.20 ≈ 381,497.90Final Price=116,869.20+111,835.50+152,793.20≈381,497.90
The closest option: Answer: D. $378,750
NEW QUESTION # 124
The written word is often more useful than the spoken. Guidelines for writing include:
- A. Follow an outline; allow some time for "cooling" after compiling the draft before revising; when revising, allow plenty of time for several sessions
- B. 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
- C. 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
- D. Explain, report, describe, clarify, define and demonstrate
Answer: B
Explanation:
When writing, particularly in a professional setting, clarity and conciseness are paramount. The guidelines include:
Using short sentences and words to make the text easy to read and understand.
Avoiding jargon and abbreviations to prevent confusion and ensure that the message is accessible to a broader audience.
Using complete sentences to convey full thoughts.
Sticking to one idea per paragraph to maintain focus and clarity.
Having a clear structure with a beginning, middle, and end to guide the reader through your argument or narrative.
Being accurate to ensure that the information communicated is reliable.
Option B refers to a specific format for structuring a document but does not encompass general writing guidelines.
Option C provides good tips for the drafting process but lacks comprehensive writing principles.
Option D lists purposes of writing rather than guidelines.
Thus, A is the correct answer as it comprehensively covers essential writing guidelines.
NEW QUESTION # 125
In the application of the benefit/cost method of analysis, what are the criteria for determining whether a proposed project is acceptable?
- A. B/C is <1.0
- B. B/C is >1.0
- C. B/C is - 1.0
- D. B/C is > minimum ROR
Answer: B
Explanation:
In the benefit/cost (B/C) method of analysis, the criterion for determining whether a proposed project is acceptable is if the Benefit/Cost ratio (B/C) is greater than 1.0. This indicates that the benefits of the project outweigh the costs, thus making the project economically viable. A B/C ratio of exactly 1.0 suggests that the benefits are just sufficient to cover the costs, while a ratio greater than 1.0 indicates a profitable investment.
NEW QUESTION # 126
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.
If steel costs $1800/ton at the end of Year 3, what is the price of steel at the end of Year 4?
- A. $1836/ton
- B. $1890/ton
- C. $1948/ton
- D. $1863/ton
Answer: A
NEW QUESTION # 127
......
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