Latest AACE International CCP First Attempt, Exam real Dumps Updated [Sep-2021]
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NEW QUESTION 64 
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. What is the current cost performance index (CPI)?
- A. 0.96
- B. 1.14
- C. 0.88
- D. 0.84
Answer: B
NEW QUESTION 65
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. Cost-price analysis
- B. Costing
- C. Bid shopping
- D. Negotiating a best and final offer
Answer: C
NEW QUESTION 66
The four steps to writing are:
- A. Start, write, complete, revise
- B. Plan, write, cool, revise
- C. Abstract, body conclusion, bibliography
- D. Introduction, paragraph, conclusion, works cited
Answer: B
NEW QUESTION 67 
The following question requires your selection of CCC/CCE Scenario 6 (2.7.50.1.3) from the right side of your split screen., using the drop down menu, to reference during your response/choice of responses.
Calculate the weighted average unit cost.
- A. $48.35
- B. $48.09
- C. $47.63
- D. $46.13
Answer: A
NEW QUESTION 68 
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 A has a primary goal of completion within budget, the following contract types with the engineer/contractor would be best:
- A. Engineer - cost plus, contractor cost plus
- B. Engineer - cost plus, contractor fixed price
- C. Engineer - fixed price, contractor fixed price
- D. Engineer fixed price, contactor cost plus
Answer: C
NEW QUESTION 69
A schedule's late dates are calculated during the:
- A. Float
- B. Backward pass
- C. Loop calculations
- D. Forward pass
Answer: B
NEW QUESTION 70
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:
- A. The ability to determine cost overruns of critical path activities
- B. Reveals activities that additional resources need to be dedicated toward
- C. The ability to show slippage in the progress of key activities
- D. The ability to identify activities that cannot have their schedules slip if the desired project end date is to be achieved
Answer: A
NEW QUESTION 71
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 recognition of loss of value of a natural resource used in the production process is referred to as:
- A. Capital reduction
- B. Depletion
- C. Depreciation
- D. Net loss
Answer: B
NEW QUESTION 72
If a project is said to be on a "fast track program/' the fast track method is:
- A. Simultaneous working engineering, procurement, and construction, with appropriate overlap from each phase of work so that delays are eliminated and all the work is streamlined into a correct plan of logic/sequence and duration for all of the work
- B. Revising the schedule logic to make it possible to identify constraints of faulty logic; revising the durations in the n p schedule that have been based on assumptions regarding the \hay the work would be performed; revise the resources to work multiple shifts; evaluate the use of overtime
- C. First completing engineering and procurement, then executing construction
- D. Analyzing the project and specifying the basic approach to be used in its execution; segmenting the project into reasonable number of activities; estimating the time required to perform each activity; placing the activities in time order, considering both sequential and parallel performance
Answer: A
NEW QUESTION 73 
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. $1948/ton
- B. $1836/ton
- C. $1890/ton
- D. $1863/ton
Answer: B
NEW QUESTION 74
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 question requires your selection of CCC/CCE Scenario 26 (2.5.50.1.2) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
Why is a +/- notation necessary when developing an estimate?
- A. It is a government requirement
- B. It makes up for the lack of time to develop a real estimate
- C. Contingency cushion
- D. There are unknowns that affect the final cost of a project
Answer: D
NEW QUESTION 75
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?
- A. 12 years
- B. 10 years
- C. 11 years
- D. 13 years
Answer: B
NEW QUESTION 76
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.
In the A relationship, the subcontractor might use an unbalance bid to:
- A. Decrease the chances of extended claim litigation
- B. To get more payment early in the job
- C. Reduce the risk of quantities being greater than estimated
- D. Provides an alternative to competitive bidding
Answer: C
NEW QUESTION 77
Money is value. Having money when you need it is very important. Money can also be valuable when used wisely by knowing when to spend and when to conserve Also, planning now for future expenses can be a plus to the company rather than a debit.
There are several ways to capitalize money and spending. Basically there is the single payment method that has a compound amount factor and a present worth factor. There is the uniform annual series that has a sinking fund factor, capital recovery factor and also the compound amount factor and present worth factor. At this point, we can assure money is worth 10%.
The following question requires your selection of CCC/CCE Scenario 7 (4.8.50.1.1) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
Five years from now it is required the company have $100,000. How much money should be invested at the end of each year to reach this?
- A. $15,937
- B. $13,168
- C. $16,380
- D. $15,397
Answer: C
NEW QUESTION 78
The purpose of a communication must be understood by ____________ if the message is to be clear to the
- A. Management; workers
- B. The receiver; the speaker
- C. Workers; management
- D. The speaker; the receiver
Answer: A
NEW QUESTION 79
Budgeted cost of work scheduled is all of the following except:
- A. Sum of the budgets for work scheduled
- B. Total costs incurred in accomplishing work in a given-time period
- C. Baseline for performance measurement
- D. Includes portion of the budget for level-of-effort work
Answer: D
NEW QUESTION 80
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 is least likely to improve a large earthmoving contractor's productivity?
- A. Using apprentice operators to save labor costs
- B. Remove underground hazards prior to excavation work
- C. Replacing old excavators with new, larger excavators
- D. Starting summer work in the early morning hours to minimize work during peak heat periods of the day
Answer: D
NEW QUESTION 81
A systematic coding structure for organizing and managing scope, assets, cost, resources, work and schedule activity information is a______________.
- A. Cost estimate classification
- B. Code of accounts
- C. Schedule identification number
- D. Cost breakdown structure
Answer: B
NEW QUESTION 82
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