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AACE CCP Exam Dumps
Certified Cost Professional (CCP) Exam
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AACE CCP Sample Questions
Question # 1What do you call a person authorized to represent another (the principal) in some capacity? He/shecan only act within this capacity or "scope of authority" to bind the principal.
A. Engineer
B. Alternate
C. Project Manager
D. Agent
Question # 2
Budgeted cost of work scheduled is all of the following except:
A. Total costs incurred in accomplishing work in a given-time period
B. Baseline for performance measurement
C. Sum of the budgets for work scheduled
D. Includes portion of the budget for level-of-effort work
Question # 3
Which of the following is NOT an aspect of quality management?
A. Quality assurance
B. Quality planning
C. Quality checking
D. Quality control
Question # 4
Cost performance index (CPI) is defined by AACE International as: (assume no change in budgetedquantities)
A. ACWP/BCWS
B. BCWS/BCWP
C. ACWP/BCWP
D. BCWP/ACWP
Question # 5
____________ is the application of total resources ($-workers-supports) and activity durations of thelogic diagram.
A. Planning
B. Forecasting
C. Scheduling
D. Modeling
Question # 6
____________is defined as the earned work hours or dollars for all accounts divided by thebudgeted work hours or dollars for all accounts.
A. Percent complete
B. Cost to complete
C. Earned value
D. Forecast
Question # 7
_____________is defined as the budget for the cost (work) account times the percent complete forthat account.
A. Percent complete
B. Forecast
C. Cost to complete
D. Earned value
Question # 8
____________ is defined as covering work whose component activities are less defined and whoseinterrelationships are conditional.
A. Soft logic
B. Hard logic
C. Deductive logic
D. Inductive logic
Question # 9
A work breakdown structure (WBS) is developed because:
A. It avoids omissions of key product activities through a systematic planning process; removes thecomplexity of the project by dividing it into manageable units; and provides a framework.
B. It defines specific tasks within a project from which schedules can be developed; it aids in linkingactivities with resources; it facilitates communication; and it allows integration of project plans
C. It can be illustrated by individual bars for major phases, such as permitting, funding, engineering,procurement construction, commission/startup
D. It can be illustrated by a simple bar, with important milestones represented by symbols at theplanned time of occurrence