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Valid CCP Exam Dumps - Hot CCP Spot Questions

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The Certified Cost Professional (CCP) certification from AACE International is a prestigious and globally recognized credential for those who work in cost management, planning, and control. Certified Cost Professional (CCP) Exam certification is designed to identify professionals who possess the knowledge and skills necessary to effectively manage project costs and provide reliable project cost estimates.

AACE International Certified Cost Professional (CCP) certification is a well-known and widely respected credential in the field of cost engineering and management. The CCP Certification is designed to validate and recognize individuals who have achieved a high level of education and experience in cost engineering, cost management, and planning and scheduling. Certified Cost Professional (CCP) Exam certification exam is considered one of the most challenging in the industry, requiring candidates to pass a comprehensive exam that tests their knowledge and skills in various areas.

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AACE International’s Certified Cost Professional (CCP) certification exam is a globally recognized credential that attests to an individual’s expertise in cost engineering and cost management. Offered by the world’s largest association of cost management professionals, the CCP Certification reflects a high level of competency in cost estimation, budgeting, planning, and control, and is widely regarded as a must-have credential for professionals in the field.

AACE International Certified Cost Professional (CCP) Exam Sample Questions (Q52-Q57):

NEW QUESTION # 52
A task has an early start of day 4. late start of day 14. early finish of day 10. and a late finish of day 20. What is the task's float?

A. 0
B. 1
C. 2
D. 3

Answer: D

Explanation:
The float (or slack) in a project management context is calculated as the difference between the late start and the early start (or late finish and early finish). In this case:
Float=Late Start-Early Start=14-4=10 days ext{Float} = ext{Late Start} - ext{Early Start} = 14 - 4 = 10 ext{ days}Float=Late Start-Early Start=14-4=10 days So, the correct answer is B. 10.

NEW QUESTION # 53
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.
Cost engineers who feel completely satisfied and fulfilled by their work as part of a project team are said to have reached the ______________ stage of Maslow's hierarchy of needs.

A. Need satisfaction
B. Belonging needs
C. Self-actualizations
D. Esteem

Answer: C

Explanation:
Given Scenario:
Cost engineers feel completely satisfied and fulfilled by their work.
Maslow's Hierarchy of Needs:
The stage where individuals feel fulfilled and have reached their full potential is called Self-actualization.

NEW QUESTION # 54
A contract clause that provides the owner with the right to terminate the contract irrespective of the general contractor's liability is:

A. Substantial completion
B. Termination of contract - convenience
C. Termination of contract - default
D. Breach of contract

Answer: B

NEW QUESTION # 55
AACE International defines_____________as the primary activity that separates Value Methodology (VM) from other "improvement" practices and has the objective to develop the most beneficial areas for continuing study.

A. Benefit/Cost ratio (B/C) method
B. Not present worth method
C. Function Analysis Phase
D. Life cycle costs method (LCC)

Answer: C

Explanation:
The Function Analysis Phase is the primary activity that separates Value Methodology (VM) from other improvement practices. This phase focuses on understanding the essential functions of a project or system and identifying ways to improve them, making it a key component of VM. This distinguishes VM from other methodologies that might focus more on costs, benefits, or lifecycle considerations without a detailed analysis of function. Therefore, the correct answer is C. Function Analysis Phase.

NEW QUESTION # 56
Cost performance index (CPI) is defined by AACE International as: (assume no change in budgeted quantities)