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AACE International CCP Exam Questions
- Topic 1: Basic Skills and Knowledge: This section covers key concepts in cost-related terminology, statistical analysis, economic evaluation, financial reporting, and benchmarking methods crucial for cost engineering.
- Topic 2: Cost Estimating: This section focuses on diverse estimating methodologies, techniques, cost evaluation, and effective management of cost data to ensure precise project estimates.
- Topic 3: Planning and Scheduling: This section covers project planning, resource management, scheduling strategies, and approaches for monitoring, controlling, and assessing schedule risks.
- Topic 4: Cost Control: In this section, candidates are tested for skills related to budgeting, forecasting, cost management techniques like EVM, handling scope changes, and evaluating cost-related risks and performance metrics.
- Topic 5: Project Management: This domain covers the project life cycle, integration management, quality control, contract management, and procurement processes within the project management scope.
- Topic 6: Enterprise in Cost Management: In this section, the skills measured include ERP integration, portfolio management, performance assessment, and value engineering aimed at optimizing costs and improving organizational efficiency.
Free AACE International CCP Exam Actual Questions
Note: Premium Questions for CCP were last updated On Apr. 15, 2025 (see below)
refers to the process of calculating and reporting the non-monetary functions of the strategic asset portfolio.
Asset performance measurement refers to the systematic process of evaluating and reporting the non-monetary functions or performance of a strategic asset portfolio. This includes assessing factors such as utilization, efficiency, condition, and other qualitative aspects that contribute to the strategic value of the asset portfolio. These measures are critical for informed decision-making regarding asset management and optimization, aligning with long-term strategic goals.
A used concrete pumping truck can be purchased for $125,000. The operation costs are expected to be $65,000 the first year and increase 5% each year thereafter. As a result of the purchase, the company will see an increase in income of $100,000 the first year and 5% more each subsequent year. The company uses straight-line depreciation. The truck will have a useful life of five (5) years and no salvage value. Management would like to see a 10% return on any investment. The company's tax rate is 28%.
Which of the following statements is correct?
Histograms and frequency distributions are common graphical methods used to describe quantitative data, which involves numerical values that can be measured. These methods help visualize the distribution, frequency, and central tendency of the data. Qualitative data, on the other hand, is described using different methods such as bar charts and pie charts, not histograms or frequency distributions. Therefore, the correct answer is C. Some graphic methods for describing quantitative data are histograms and frequency distribution.
The four steps to writing are:
The four steps to writing effectively are:
Plan: Outline your ideas and structure before starting to write.
Write: Draft your content based on the plan.
Cool: Allow some time between writing and revising to gain fresh perspective.
Revise: Review and edit your work to improve clarity, coherence, and accuracy.
Option A outlines basic elements of a document rather than steps in the writing process.
Option B is too simplistic and misses key stages of planning and revising.
Option C lists sections of a formal document but not the writing process itself.
Therefore, D. Plan, write, cool, revise is the correct answer as it accurately represents the stages of the writing process.
You are analyzing historic unit costs for 18'' Class 5 reinforced concrete pipe is a database. The unit costs include all costs-material, labor, equipment, and other, for the excavation, bedding, pipe and backfill. Refer to the following table:
What is the median unit cost?
The median cost is found by ordering the unit costs and selecting the middle value. The ordered costs are:
$26.78, $34.50, $37.30, $40.00, $46.59, $55.00, $55.00, $65.00, $75.00
Since there are nine data points, the fifth value in this list is the median:
C . $40.00 is the median unit cost.
A used concrete pumping truck can be purchased for $125,000. The operation costs are expected to be $65,000 the first year and increase 5% each year thereafter. As a result of the purchase, the company will see an increase in income of $100,000 the first year and 5% more each subsequent year. The company uses straight-line depreciation. The truck will have a useful life of five (5) years and no salvage value. Management would like to see a 10% return on any investment. The company's tax rate is 28%.
Is a rise in the price level of a good or service, or market basket of goods and/or services.
Inflation is defined as a rise in the price level of goods or services, or a market basket of goods and/or services, over time. This term specifically refers to the general increase in prices and the corresponding decrease in the purchasing value of money. Therefore, the correct answer is D. inflation.
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