CCP Latest Test Questions & Associate CCP Level Exam

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The CCP covers essential cost engineering and quantity surveying subjects such as cost estimating, cost analysis, schedule and cost control, asset management, and risk management. CCP Exam Tests the candidate's ability to execute these tasks effectively, including proficiency in communication, teamwork, and ethical conduct in workplace situations.

AACE International Certified Cost Professional (CCP) Exam Sample Questions (Q114-Q119):

NEW QUESTION # 114
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.
What is the cost index value of copper at the end of Year 2? (rounded to 2 decimal positions)

A. 4.24
B. 4.62
C. 4.31
D. 4.10

Answer: C

Explanation:
Year 1 Index=4.20×(1+0.01)=4.242 Year 2 Index=4.242×(1+0.015)≈4.305text{Year 2 Index} = 4.242 times (1 + 0.015) approx 4.305Year 2 Index=4.242×(1+0.015)≈4.305 Rounding to two decimal places: Year 2 Index≈4.31text{Year 2 Index} approx 4.31Year 2 Index≈4.31

NEW QUESTION # 115
When measuring progress using tasks that lack readily definable intermediate milestones and level of effort required is difficult to measure, the best methods to use is:

A. Cost ratio
B. Weighted or equivalent units
C. Start/finish
D. Incremental milestones

Answer: B

Explanation:
When progress measurement is difficult due to the lack of intermediate milestones and challenging-to-define effort levels, Weighted or Equivalent Units is an effective method.
Key Points:
Weighted or Equivalent Units:
This method involves assigning a percentage or weight to different parts of a task based on their relative effort or importance. It allows for more granular and realistic progress tracking when clear milestones are absent.
Other Methods:
Start/Finish: Suitable for tasks with clear start and end points but may oversimplify progress measurement.
Incremental Milestones: Effective when intermediate steps are well-defined.
Cost Ratio: Focuses on the cost expended versus the planned cost, which might not reflect actual physical progress.
Conclusion: The correct answer is B. Weighted or equivalent units because this method is specifically designed to handle complex tasks where other progress measurement methods might fall short.

NEW QUESTION # 116
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 of the measures of central tendency is correct?

A. The mode would be frequently applied in marketing to determine shirt sizes or shoes sizes
B. The mode only uses the two extreme values and ignores the test of the data set
C. The mean is the measure that of the large data set
D. The median is the measure that is mostly affected by extreme values

Answer: A

Explanation:
The mode is the value that appears most frequently in a data set. It is particularly useful in marketing for determining common sizes such as shirt or shoe sizes because these are typically based on the most commonly occurring values in a population. The other options incorrectly describe the characteristics of central tendency measures. Therefore, the correct answer is D. The mode would be frequently applied in marketing to determine shirt sizes or shoe sizes.

NEW QUESTION # 117
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?

A. $48.22
B. $40.00
C. $48.35
D. $46.59

Answer: B

Explanation:
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.

NEW QUESTION # 118

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 schedule performance index (SPI)?

A. 0.88
B. 0.96
C. 1.14
D. 0.84

Answer: C

NEW QUESTION # 119
......

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CCP Latest Test Questions & Associate CCP Level Exam

Free PDF 2025 Marvelous AACE International CCP: Certified Cost Professional (CCP) Exam Latest Test Questions

AACE International Certified Cost Professional (CCP) Exam Sample Questions (Q114-Q119):

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