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Latest CCP Practice Questions, Pdf CCP Free

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Latest AACE International CCP Dumps - Eliminate Your Risk of Failing [2025]

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AACE International CCP certification exam is an excellent opportunity for individuals looking to validate their expertise in cost management, measurement, and planning. Passing the exam can increase one's marketability and lead to senior-level positions. With the right amount of professional experience and education, the CCP Certification is achievable and can serve as a valuable asset for career advancement.

AACE International Certified Cost Professional (CCP) Exam Sample Questions (Q35-Q40):

NEW QUESTION # 35
_____________is defined as the budget for the cost (work) account times the percent complete for that account.

• A. Earned value
• B. Percent complete
• C. Cost to complete
• D. Forecast

Answer: A

NEW QUESTION # 36
Which statement best describes the constructability review for a project?

• A. Is concerned primarily with resource scheduling and organizational planning
• B. The review by a multi-discipline team to Improve the methods of delivering the intended scope
• C. A method to reduce costs by considering alternate designs
• D. The systematic application of recognized techniques which identify the functions of the product or service

Answer: B

Explanation:
A constructability review involves a multi-disciplinary team evaluating the methods used to deliver the project's scope, with the goal of improving efficiency, reducing risks, and minimizing costs. This review goes beyond just scheduling or cost analysis; it looks at the entire process to ensure the project can be built as intended. Thus, the correct answer is B. The review by a multi-discipline team to improve the methods of delivering the intended scope.

NEW QUESTION # 37
After collecting the control information on a light rail project within an original budget of 200.000 work hours, the construction contractor is ready for their monthly progress meeting with the client.
A total of 100.000 work hours have boon scheduled to date. with 105.000 work hours earned, and 110.000 work hours paid. The stated progress by the contractor Is 60%.
What is the cost performance index (CPI)?

• A. BCWS/ACWP = 100.000/110.000-0 91
• B. ACWP/BCWP = 110.000/105,000 = 1.05
• C. BCWP/ACWP = 105.000/110.000 = 0.95
• D. ACWP/BCWS = 110,000/100.000- 1.10

Answer: C

Explanation:
The Cost Performance Index (CPI) is a key metric in Earned Value Management (EVM) that measures the cost efficiency of the work performed on a project.
Key Points:
CPI Formula:
CPI = BCWP / ACWP
BCWP (Budgeted Cost of Work Performed) = 105,000 work hours
ACWP (Actual Cost of Work Performed) = 110,000 work hours
Calculation:
CPI = 105,000 / 110,000 = 0.95
Interpretation:
A CPI of less than 1 indicates that the project is over budget, as the actual cost incurred is higher than the value of the work performed.
Conclusion: The correct answer is A. BCWP/ACWP = 105,000/110,000 = 0.95 because this calculation accurately reflects the cost efficiency of the project.

NEW QUESTION # 38
In a fixed price contract the:

• A. Contractor is paid for actual costs
• B. Contractor has no risk in the project
• C. Owner has all the risk
• D. Contactor assumes all the performance risk

Answer: D

Explanation:
In a fixed price contract, the contractor agrees to deliver the project at a set price, regardless of the actual costs incurred. This means that the contractor assumes all the performance risk, as any cost overruns must be absorbed by the contractor. If the project costs more than the fixed price agreed upon, the contractor cannot charge the owner more. Conversely, if the project is completed under budget, the contractor benefits by retaining the difference.

NEW QUESTION # 39
In order to withdraw $400 at the end of each year for seven years, what amount should be deposited at 6.0% interest to leave nothing in the fund at the end of seven years?

• A. $3,357
• B. $2,968
• C. $2,483
• D. $2,233

Answer: D

Explanation:
To determine the amount that should be deposited today to allow for $400 withdrawals at the end of each year for 7 years at a 6% interest rate, use the present value of an annuity formula:
PV=A×((1-(1+i)-n)i)PV = A imes left(rac{(1 - (1 + i)

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