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AACE International CCP (Certified Cost Professional) is one of the most respected certifications in the cost engineering profession. The CCP certification exam assesses proficiency in cost estimating, cost analysis, and cost management, as well as knowledge of industry standards and best practices for cost engineering.
To be eligible to take the CCP certification exam, candidates are required to have relevant work experience and to hold a Bachelor’s degree in a relevant field. Additionally, candidates can substitute their degree with professional experience in cost engineering and project controls. The CCP Certification Exam is not restricted to any specific industry making it an essential credential for professionals working in various sectors, including architecture, engineering, construction, and manufacturing.
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Hundreds of IT aspirants have cracked the Certified Cost Professional (CCP) Exam CCP examination by just preparing with our real test questions. If you also want to become a AACE International CCP certified without any anxiety, download Network Security Specialist CCP updated test questions and start preparing today. These real CCP Dumps come in desktop practice exam software, web-based practice test, and AACE International CCP PDF document. Below are specifications of these three formats.
AACE International Certified Cost Professional (CCP) Exam Sample Questions (Q19-Q24):
NEW QUESTION # 19
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.
At the end of 30 months, copper prices will have increased by what percentage over today's price?
Answer: C
Explanation:
To calculate the increase in copper prices over 30 months (which is 2.5 years), we apply the inflation rates for the first two years and half of the third year:
Year 1: 1.0%
Year 2: 1.5%
Year 3 (half-year): 1.5% / 2 = 0.75%
The total percentage increase is calculated as:
Total Increase=(1+0.01)×(1+0.015)×(1+0.0075)-1 ext{Total Increase} = (1 + 0.01) imes (1 + 0.015) imes (1 + 0.0075) - 1Total Increase=(1+0.01)×(1+0.015)×(1+0.0075)-1 ext{Total Increase} = 1.01 imes 1.015 imes 1.0075 - 1 approx 1.066 - 1 = 0.066 ext{ or 6.6%} So, the correct answer is C. 6.6%.
NEW QUESTION # 20
What is executed in connection with a contract and secures the performance and fulfillment of all the undertakings, covenants, terms, conditions and agreements contained in the contract?
Answer: B
NEW QUESTION # 21
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?
Answer: A
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 # 22
A concrete slab measuring 10 feet wide by 13.5 feet long by 6 inches deep is to be installed. How many cubic yards of concrete will be required?
Answer: B
NEW QUESTION # 23
The process of stating goals and determining the most effective way of reaching them is the definition for:
Answer: A
Explanation:
Planning is the process of stating goals and determining the most effective way of reaching them. In project management, planning involves defining the project scope, objectives, and determining the steps necessary to achieve the desired outcomes. This includes identifying resources, establishing timelines, and creating a strategy to ensure that the project is completed on time, within budget, and to the required quality standards.
Option A: Implementing refers to the execution phase, where the plans are put into action.
Option B: Mission Statement is a brief statement that defines the purpose or core values of an organization but is not a process.
Option C: Managing involves overseeing and coordinating the various aspects of a project, typically during the execution phase.
Thus, D. Planning is the correct answer as it is the process of stating goals and determining the methods to achieve them.
NEW QUESTION # 24
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