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CCP exam is also known as Certified Cost Professional (CCP) Exam. With the complete collection of questions and answers, Exams4sure has assembled to take you through AACE International CCP dumps Questions and Answers for your Exam preparation. In this AACE International exam we have compiled real exam questions with their answers so that you can prepare and pass exam in your first attempt.
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The document discusses key concepts related to engineering and production costs. It covers topics like product development processes, design considerations, and health and safety. Specifically, it describes the stages of research and development from basic research to prototypes. It also discusses factors that influence design decisions such as standardization, manufacturability, and the make-or-buy analysis. Finally, it emphasizes the importance of production health and safety to reduce accidents and interruptions.
Estimate Costs is the process of developing an approximation of the cost of resources needed to complete project work. It involves considering inputs like the project management plan, project documents, and enterprise environmental factors. Tools like expert judgment, analogous estimating, parametric estimating, and three-point estimating are used. The outputs are cost estimates, basis of estimates, and potential updates to project documents like the assumption log, lessons learned register, and risk register.
A project proposal is a document designed to present a plan of action for a project and convince the reader to approve and fund the project. It typically includes an introduction, background, strategy, budget, and expected outcomes. The introduction states what the project is and why it is important. The background provides historical context and justification. The strategy outlines goals and procedures. The budget details financial sources and costs. Expected outcomes define what will be achieved upon completion. Effective proposals also include sections on the problem definition, objectives, methodology, timeline, and qualifications of the investigative team. The proposal format may vary between organizations but should provide a clear overview of the project.
For the project management from available different estimation methods which one you should select and why. This will help you compare estimation methods like exerpt judgement, one point estimation, three point estimation, cocomo, top down estimation, bottom up estimation, etc. to identify time, efforts and cost with examples.
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CCP exam is also known as Certified Cost Professional (CCP) Exam. With the complete collection of questions and answers, Exams4sure has assembled to take you through AACE International CCP dumps Questions and Answers for your Exam preparation. In this AACE International exam we have compiled real exam questions with their answers so that you can prepare and pass exam in your first attempt.
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The document discusses key concepts related to engineering and production costs. It covers topics like product development processes, design considerations, and health and safety. Specifically, it describes the stages of research and development from basic research to prototypes. It also discusses factors that influence design decisions such as standardization, manufacturability, and the make-or-buy analysis. Finally, it emphasizes the importance of production health and safety to reduce accidents and interruptions.
Estimate Costs is the process of developing an approximation of the cost of resources needed to complete project work. It involves considering inputs like the project management plan, project documents, and enterprise environmental factors. Tools like expert judgment, analogous estimating, parametric estimating, and three-point estimating are used. The outputs are cost estimates, basis of estimates, and potential updates to project documents like the assumption log, lessons learned register, and risk register.
A project proposal is a document designed to present a plan of action for a project and convince the reader to approve and fund the project. It typically includes an introduction, background, strategy, budget, and expected outcomes. The introduction states what the project is and why it is important. The background provides historical context and justification. The strategy outlines goals and procedures. The budget details financial sources and costs. Expected outcomes define what will be achieved upon completion. Effective proposals also include sections on the problem definition, objectives, methodology, timeline, and qualifications of the investigative team. The proposal format may vary between organizations but should provide a clear overview of the project.
For the project management from available different estimation methods which one you should select and why. This will help you compare estimation methods like exerpt judgement, one point estimation, three point estimation, cocomo, top down estimation, bottom up estimation, etc. to identify time, efforts and cost with examples.
Materi 8 pelaksanaan pbj melalui penyedia - versi 4 (1)Nurul Angreliany
Modul ini membahas tentang pelaksanaan pengadaan barang/jasa melalui penyedia, mulai dari pelaksanaan pemilihan penyedia dengan berbagai metode seperti e-purchasing, penunjukan langsung, pengadaan langsung, tender cepat, dan tender/seleksi. Modul ini juga menjelaskan tentang tindak lanjut apabila tender cepat dan tender/seleksi gagal, serta pelaksanaan kontrak hingga serah terima hasil pekerjaan.
Writing the Budget for a Grant ProposalDierdre McKee
The document provides guidance on writing an effective budget for a grant proposal. It explains that the budget demonstrates the total costs of the project, how the funding will be used, and serves as a spending plan. An understandable budget is crucial. The budget includes costs for personnel, materials, travel, and indirect expenses over all phases from planning to evaluation. Careful planning is needed to determine realistic expenses, seek estimates, and ensure the budget justification explains and supports all costs. Consistency between the narrative and budget is important.
The document discusses quality management in projects. It defines quality as the degree to which a product or service meets customer requirements. High quality does not necessarily mean high scope and vice versa. Quality management involves quality planning, assurance, and control. Quality planning defines metrics and processes. Quality control monitors performance against the quality baseline and initiates corrective actions when needed. Common quality tools include control charts, flow charts, and Pareto analysis to identify the most impactful issues. The goal is continuous improvement to maximize customer satisfaction.
1. The document discusses various ways to manage resource assignments and costs in Microsoft Project, including delaying resource start times, applying work contours, setting different cost rates, and assigning material resources.
2. It provides exercises for applying predefined contours to assignments, manually editing assignment values, changing cost rate tables, and addressing overallocation through reassignment.
3. The summary examines resource availability, scheduling unassigned tasks, and addressing overallocation issues visible in the timeline view.
Scope management includes defining and controlling the work to successfully complete a project. It involves collecting requirements, defining the project and product scope, creating a work breakdown structure (WBS) to decompose work, verifying completed deliverables meet scope, and controlling the scope baseline to manage changes. Key elements are collecting stakeholder needs, developing a detailed project scope statement, breaking work into smaller components in the WBS, reviewing deliverables for acceptance, and monitoring scope status and changes.
Microsoft Project is a project management software that allows users to define tasks, assign resources and track schedule and budget. It was first released in 1984 and helps project managers plan by creating Gantt charts and calculating critical paths. Key features include task scheduling, resource allocation, budget tracking and progress monitoring. The software allows defining projects, building plans, assigning resources, tracking progress against baselines and closing completed projects.
Here are the key steps to cost a WBS:
1. Estimate the cost of each work package or activity at the lowest level of the WBS using estimating techniques like analogous, parametric, bottom-up etc.
2. Assign resources like labor, materials, equipment to each activity and apply the appropriate cost rates.
3. Use project management software to automatically sum or "roll up" the costs of individual activities to higher levels and the total project cost.
4. The software allows viewing and reporting the costs against the WBS structure to identify areas that may need attention or re-estimating.
5. The costed WBS provides the basis for developing the project budget and cost baseline for monitoring
Untuk jawabannya jangan percaya 100% yach... Coz, ini sebenarnya soal lama. Jadi, masih berdasarkan KEPPRES 80 Tahun 2003. Jadi, recek lagi dengan PERPRES 54 Tahun2010. (contoh salah satu yang beda KD, Batasan minimal lelang, dll)
An economic technique applied to public decision−making that attempts to quantify the advantages (benefits) and disadvantages (costs) associated with a particular project or policy.
This project closure checklist provides tasks to ensure effective closure of a project. It includes completing outstanding tasks, resolving issues, meeting charter goals, collecting stakeholder feedback, training end users, assessing success measures, evaluating team members, paying costs, creating best practices documentation, assigning maintenance, having a closure meeting, and archiving documents. The sponsor must sign off once all closure tasks are finished.
National project competition proposal templateFathuruun
This document outlines a project plan that includes sections for the project name and issue being addressed, target audience, timeline, goals and objectives, team structure, how the project addresses the issue and ensures financial sustainability, SWOT analysis, action plan, budget, stakeholder analysis, risk analysis, and detailed timeline. It provides a framework for planning a project with details on team roles, activities, goals, budget, risks, and stakeholder engagement to help ensure successful implementation.
Ss ccp course cost engineering management training- 2017 - moustafa ch 1-4Moustafa Ismail Abu Dief
This document contains lecture notes on cost engineering management from a training course. It discusses various cost elements like direct, indirect, fixed and variable costs. It also covers topics like cost accounting, work breakdown structure, cost estimating, budgeting, forecasting, pricing versus costing, materials handling and purchasing, labor classifications and developing labor rates. The document provides definitions and examples to explain key concepts in cost engineering.
Pengadaan khusus mencakup pengadaan barang/jasa dalam kondisi darurat, di luar negeri, yang dikecualikan, penelitian, dan tender internasional menggunakan dana pinjaman luar negeri atau hibah, dengan ketentuan yang disesuaikan dengan keadaan masing-masing.
Materi 2 tujuan, kebijakan, prinsip, dan etika pbj - versi 4Nurul Angreliany
Modul ini diharapkan dapat menjadi acuan bagi para peserta pelatihan Pengadaan Barang/Jasa Pemerintah tingkat dasar. Acuan yang dapat digunakan seluruh pihak yang terkait dengan Pengadaan Barang/Jasa untuk lebih memahami Tujuan, Kebijakan, Prinsip, dan Etika Pengadaan Barang/Jasa.
Materi dalam modul ini mengacu pada tertuang dalam Peraturan Presiden Nomor 16 Tahun 2018 dan Peraturan Presiden Nomor 21 Tahun 2021 tentang Perubahan Perpres Nomor 16 Tahun 2018 tentang Pengadaan Barang/Jasa Pemerintah dan peraturan turunannya.
Modul ini disusun oleh Beta Romadiyanti, M.Sc
The document discusses how risk management tools can help calculate and manage cost and schedule contingency. It provides examples of how MS Excel, @Risk, Predict!, MS Project, Primavera, and Deltek Cobra can calculate contingency based on risk registers and perform risk analysis. The tools can also help manage contingency by facilitating the approval and transfer of mitigation actions from risk registers to project baselines and budgets. Dashboards then provide visibility of contingency levels at the program/portfolio level.
This chapter discusses project procurement management and outlines the key processes involved:
1) Procurement planning determines what and when to procure from external sources to reduce costs and access skills.
2) Solicitation planning involves documenting requirements and identifying potential vendors through requests for proposals or quotes.
3) The solicitation and source selection processes obtain proposals, evaluate vendors, and select the best supplier through a contract.
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CCP Certification training Course helps you clear CCP Certification Exam. CCP Certification is an experienced practitioner with advanced knowledge and technical expertise to apply the broad principles and best practices of Total Cost Management (TCM) in the planning, execution and management of any organizational project or program. CCPs also demonstrate the ability to research and communicate aspects of TCM principles and practices to all levels of project or program stakeholders, both internally and externally. Our CCP certification Exam preparation course lets you clear your CCP Certification Exam in first attempt!
Materi 8 pelaksanaan pbj melalui penyedia - versi 4 (1)Nurul Angreliany
Modul ini membahas tentang pelaksanaan pengadaan barang/jasa melalui penyedia, mulai dari pelaksanaan pemilihan penyedia dengan berbagai metode seperti e-purchasing, penunjukan langsung, pengadaan langsung, tender cepat, dan tender/seleksi. Modul ini juga menjelaskan tentang tindak lanjut apabila tender cepat dan tender/seleksi gagal, serta pelaksanaan kontrak hingga serah terima hasil pekerjaan.
Writing the Budget for a Grant ProposalDierdre McKee
The document provides guidance on writing an effective budget for a grant proposal. It explains that the budget demonstrates the total costs of the project, how the funding will be used, and serves as a spending plan. An understandable budget is crucial. The budget includes costs for personnel, materials, travel, and indirect expenses over all phases from planning to evaluation. Careful planning is needed to determine realistic expenses, seek estimates, and ensure the budget justification explains and supports all costs. Consistency between the narrative and budget is important.
The document discusses quality management in projects. It defines quality as the degree to which a product or service meets customer requirements. High quality does not necessarily mean high scope and vice versa. Quality management involves quality planning, assurance, and control. Quality planning defines metrics and processes. Quality control monitors performance against the quality baseline and initiates corrective actions when needed. Common quality tools include control charts, flow charts, and Pareto analysis to identify the most impactful issues. The goal is continuous improvement to maximize customer satisfaction.
1. The document discusses various ways to manage resource assignments and costs in Microsoft Project, including delaying resource start times, applying work contours, setting different cost rates, and assigning material resources.
2. It provides exercises for applying predefined contours to assignments, manually editing assignment values, changing cost rate tables, and addressing overallocation through reassignment.
3. The summary examines resource availability, scheduling unassigned tasks, and addressing overallocation issues visible in the timeline view.
Scope management includes defining and controlling the work to successfully complete a project. It involves collecting requirements, defining the project and product scope, creating a work breakdown structure (WBS) to decompose work, verifying completed deliverables meet scope, and controlling the scope baseline to manage changes. Key elements are collecting stakeholder needs, developing a detailed project scope statement, breaking work into smaller components in the WBS, reviewing deliverables for acceptance, and monitoring scope status and changes.
Microsoft Project is a project management software that allows users to define tasks, assign resources and track schedule and budget. It was first released in 1984 and helps project managers plan by creating Gantt charts and calculating critical paths. Key features include task scheduling, resource allocation, budget tracking and progress monitoring. The software allows defining projects, building plans, assigning resources, tracking progress against baselines and closing completed projects.
Here are the key steps to cost a WBS:
1. Estimate the cost of each work package or activity at the lowest level of the WBS using estimating techniques like analogous, parametric, bottom-up etc.
2. Assign resources like labor, materials, equipment to each activity and apply the appropriate cost rates.
3. Use project management software to automatically sum or "roll up" the costs of individual activities to higher levels and the total project cost.
4. The software allows viewing and reporting the costs against the WBS structure to identify areas that may need attention or re-estimating.
5. The costed WBS provides the basis for developing the project budget and cost baseline for monitoring
Untuk jawabannya jangan percaya 100% yach... Coz, ini sebenarnya soal lama. Jadi, masih berdasarkan KEPPRES 80 Tahun 2003. Jadi, recek lagi dengan PERPRES 54 Tahun2010. (contoh salah satu yang beda KD, Batasan minimal lelang, dll)
An economic technique applied to public decision−making that attempts to quantify the advantages (benefits) and disadvantages (costs) associated with a particular project or policy.
This project closure checklist provides tasks to ensure effective closure of a project. It includes completing outstanding tasks, resolving issues, meeting charter goals, collecting stakeholder feedback, training end users, assessing success measures, evaluating team members, paying costs, creating best practices documentation, assigning maintenance, having a closure meeting, and archiving documents. The sponsor must sign off once all closure tasks are finished.
National project competition proposal templateFathuruun
This document outlines a project plan that includes sections for the project name and issue being addressed, target audience, timeline, goals and objectives, team structure, how the project addresses the issue and ensures financial sustainability, SWOT analysis, action plan, budget, stakeholder analysis, risk analysis, and detailed timeline. It provides a framework for planning a project with details on team roles, activities, goals, budget, risks, and stakeholder engagement to help ensure successful implementation.
Ss ccp course cost engineering management training- 2017 - moustafa ch 1-4Moustafa Ismail Abu Dief
This document contains lecture notes on cost engineering management from a training course. It discusses various cost elements like direct, indirect, fixed and variable costs. It also covers topics like cost accounting, work breakdown structure, cost estimating, budgeting, forecasting, pricing versus costing, materials handling and purchasing, labor classifications and developing labor rates. The document provides definitions and examples to explain key concepts in cost engineering.
Pengadaan khusus mencakup pengadaan barang/jasa dalam kondisi darurat, di luar negeri, yang dikecualikan, penelitian, dan tender internasional menggunakan dana pinjaman luar negeri atau hibah, dengan ketentuan yang disesuaikan dengan keadaan masing-masing.
Materi 2 tujuan, kebijakan, prinsip, dan etika pbj - versi 4Nurul Angreliany
Modul ini diharapkan dapat menjadi acuan bagi para peserta pelatihan Pengadaan Barang/Jasa Pemerintah tingkat dasar. Acuan yang dapat digunakan seluruh pihak yang terkait dengan Pengadaan Barang/Jasa untuk lebih memahami Tujuan, Kebijakan, Prinsip, dan Etika Pengadaan Barang/Jasa.
Materi dalam modul ini mengacu pada tertuang dalam Peraturan Presiden Nomor 16 Tahun 2018 dan Peraturan Presiden Nomor 21 Tahun 2021 tentang Perubahan Perpres Nomor 16 Tahun 2018 tentang Pengadaan Barang/Jasa Pemerintah dan peraturan turunannya.
Modul ini disusun oleh Beta Romadiyanti, M.Sc
The document discusses how risk management tools can help calculate and manage cost and schedule contingency. It provides examples of how MS Excel, @Risk, Predict!, MS Project, Primavera, and Deltek Cobra can calculate contingency based on risk registers and perform risk analysis. The tools can also help manage contingency by facilitating the approval and transfer of mitigation actions from risk registers to project baselines and budgets. Dashboards then provide visibility of contingency levels at the program/portfolio level.
This chapter discusses project procurement management and outlines the key processes involved:
1) Procurement planning determines what and when to procure from external sources to reduce costs and access skills.
2) Solicitation planning involves documenting requirements and identifying potential vendors through requests for proposals or quotes.
3) The solicitation and source selection processes obtain proposals, evaluate vendors, and select the best supplier through a contract.
Pega Certified Business Architect (PCBA) Exam | Top 5 TipsMeghna Arora
Click Here---> http://bit.ly/2ZeNH6w <---Get complete detail on PCBA exam guide to crack PCBA Version 8.7. You can collect all information on PCBA tutorial, practice test, books, study material, exam questions, and syllabus. Firm your knowledge on PCBA Version 8.7 and get ready to crack PCBA certification. Explore all information on PCBA exam with number of questions, passing percentage and time duration to complete test.
CCP Certification training Course helps you clear CCP Certification Exam. CCP Certification is an experienced practitioner with advanced knowledge and technical expertise to apply the broad principles and best practices of Total Cost Management (TCM) in the planning, execution and management of any organizational project or program. CCPs also demonstrate the ability to research and communicate aspects of TCM principles and practices to all levels of project or program stakeholders, both internally and externally. Our CCP certification Exam preparation course lets you clear your CCP Certification Exam in first attempt!
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This presentation was created and used by me for my workshop “Strategic COPIS – designing business processes from the Customer’s angle” at ASQ’s World Conference on Quality and Improvement, Milwaukee, WI, USA; May 16-18, 2016. The presentation may be re-used with proper acknowledgement. I will be happy to help any organization by facilitating a similar workshop for them or help them to implement Strategic COPIS.
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H2K Infosys provides online IT training and placement services worldwide. It acknowledges proprietary rights of trademarks and products mentioned in training materials, which are only for students' learning purposes and cannot be used or sold privately. The document contains sample questions from ISTQB Foundation Level certification on topics like test techniques, test levels, and definitions.
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Graham et.al, 2008, Foundations of Software Testing ISTQB Certification. Chap...Muhammad Jazman
QA is taken from following textbook:
Foundations of Software Testing(Updated)
ISTQB Certification
by Dorothy Graham, Erik Van Veenendaal, Isabel Evans, Rex Black, Graham Isabel
Paperback, 258 Pages, Published 2008 by Cengage Learning Emea
ISBN-13: 978-1-84480-989-9, ISBN: 1-84480-989-7
1) question add targets to balanced score cardsmile790243
The document contains questions and prompts for assignments on various modeling techniques, including:
1) Developing diagrams such as a balanced scorecard, scope diagram, use case diagram, class diagram, state chart diagram, component diagram, deployment diagram, and sequence diagrams.
2) Explaining the benefits of enterprise architecture and the Zachman Framework for modeling enterprise architecture using a case study.
3) Populating the Zachman Framework with the models and diagrams developed for a case study.
The Development Award Program provides funding to support technology-based product, service, and process development projects in Maine. Applicants must submit a comprehensive application outlining their project, commercialization plan, management team, and financial projections. Applications go through a multi-step review process involving peer reviewers, a review committee, and potential interviews. Top projects are recommended for funding, with awards requiring repayment once a project is commercialized. The program aims to support innovation, job growth, and economic impact in Maine.
Introduction to AI for Nonprofits with Tapp NetworkTechSoup
Dive into the world of AI! Experts Jon Hill and Tareq Monaur will guide you through AI's role in enhancing nonprofit websites and basic marketing strategies, making it easy to understand and apply.
This slide is special for master students (MIBS & MIFB) in UUM. Also useful for readers who are interested in the topic of contemporary Islamic banking.
Physiology and chemistry of skin and pigmentation, hairs, scalp, lips and nail, Cleansing cream, Lotions, Face powders, Face packs, Lipsticks, Bath products, soaps and baby product,
Preparation and standardization of the following : Tonic, Bleaches, Dentifrices and Mouth washes & Tooth Pastes, Cosmetics for Nails.
Main Java[All of the Base Concepts}.docxadhitya5119
This is part 1 of my Java Learning Journey. This Contains Custom methods, classes, constructors, packages, multithreading , try- catch block, finally block and more.
Macroeconomics- Movie Location
This will be used as part of your Personal Professional Portfolio once graded.
Objective:
Prepare a presentation or a paper using research, basic comparative analysis, data organization and application of economic information. You will make an informed assessment of an economic climate outside of the United States to accomplish an entertainment industry objective.
it describes the bony anatomy including the femoral head , acetabulum, labrum . also discusses the capsule , ligaments . muscle that act on the hip joint and the range of motion are outlined. factors affecting hip joint stability and weight transmission through the joint are summarized.
Strategies for Effective Upskilling is a presentation by Chinwendu Peace in a Your Skill Boost Masterclass organisation by the Excellence Foundation for South Sudan on 08th and 09th June 2024 from 1 PM to 3 PM on each day.
How to Fix the Import Error in the Odoo 17Celine George
An import error occurs when a program fails to import a module or library, disrupting its execution. In languages like Python, this issue arises when the specified module cannot be found or accessed, hindering the program's functionality. Resolving import errors is crucial for maintaining smooth software operation and uninterrupted development processes.
2. ABOUT CCP EXAM
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3. CCP EXAM BASICS
In order to sit for the exam, you must first fill out an application and your application must be qualified by the CCP Committee. See
6 Steps to Certification and Application for more information about the application process. The examination includes 200 multiple
choice, true/false, and fill-in-the-blank questions, equally divided among the ten topics listed in the CCP Practice Exam. Two essay
questions, from a choice of seven topics, must also be answered. In addition, applicants can earn an extra five points by
completing a third essay question, which will be reviewed only if the exam score is borderline.
The exam does not test specific expert knowledge within any particular segment of the industry. Passing the exam reflects an
advanced knowledge of many different aspects of the culinary field. That said, your chances of success will increase if you have a
working knowledge of the major ethnic cuisines, a thorough foundation in techniques, and a familiarity with sanitation
requirements and basic nutrition. To assure confidentiality and objectivity, examinations are identified to those scoring by number
rather than by the candidate's name. A passing score on the exam is 70%. Over 90% of those taking the exam pass it on the first
try.
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4. PREPPING FOR THE EXAM
Before attending a review session or sitting for the exam, we recommend that you study both the:
CCP Practice Exam and
CCP Reading List.
Many of the exam questions are drawn from the sources in the reading list. A certification review
session is offered during the Annual Conference, typically held in April. Review sessions can also be
scheduled at other times and in other locales by contacting the CCP Committee Chair. If you need
additional assistance with your study program, you can arrange mentoring support through our CCP
Study Hall Program. Again, contact the Committee Chair for more information.
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5. PASS THE CCP EXAM THE FIRST TIME
Overall, the AACE International (CCP Practice Exam) designation is a daunting challenge, and
the odds of success from start to finish are slim; less than 20% of those who begin this challenge
reach the end. However, as one in five candidates have demonstrated, it is possible.
There is no secret code to navigating through the CCP Practice Exam program and passing the
test, but an organized, disciplined approach will help you pass each level of the program and
ultimately achieve your goal. Find out what you'll need to make the cut and pass each level on
your first try.
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6. CCP AACE INTERNATIONAL STUDY
GUIDE
Pass4sure CCP AACE International study guide imparts confidence to its clients to shake off their
exam fears of CCP and get an assured success, employing only minimum efforts. By using Pass 4
sure’s Exam CCP products you are assured to pass IT certification exam with 100% money back
guarantee.
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8. AACE INTERNATIONAL CCP PRACTICE TEST
Question No : 1
Answer: A
An agricultural corporation that paid 53% in income tax wanted to build a grain elevator designed to last
twenty-five (25) years at a cost of $80,000 with no salvage value. Annual income generated would be
$22,500 and annual expenditures were to be $12,000. Answer the question using a straight line
depreciation and a 10% interest rate. If $50 was invested at 6.0% on January 1, year 1, what would be
the value of year-end withdrawals made in equal amounts each year for 10 years and leaving nothing in
the fund after the tenth withdrawal?
A. $6.80
B. $3.10
C. $5.35
D. $2.22
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9. AACE INTERNATIONAL CCP PRACTICE TEST
Question No : 2
Answer: B
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?
A. Liability insurance
B. Performance bond
C. Bid bond
D. Surety bond
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10. AACE INTERNATIONAL CCP PRACTICE TEST
Question No : 3
Answer: B
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.
Which of the following methods a used for creating critical path schedules:
A. Precedence diagram method
B. Precedence and arrow diagram methods only
C. Gantt chart (bar chart) method
D. Arrow diagram method
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11. AACE INTERNATIONAL CCP PRACTICE TEST
Question No : 4
Answer: D
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.
Which of the following percent complete measurement techniques is best suited for longterm non-
production accounts (such as overhead accounts)?
A. Ratio/level of effort
B. Start/finish
C. Units completed
D. Incremental milestone
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12. AACE INTERNATIONAL CCP PRACTICE TEST
Question No : 5
Answer: D
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. The following question requires your
selection of CCC/CCE Scenario 26 (2.5.50.1.2) from the right side of your split screen, using the drop down menu, to reference
during your response/choice of responses.
Which statement best describes the type of information available for a design phase estimate?
A. Home office detail, specific vendor quotes, preliminary quantities with labor and material factors applied
B. Square footage of buildings, factored indirects, types of rides and exhibits identified, utility requirements, conceptual layouts
C. Detailed construction drawings, quantity takeoffs, detailed labor hours and material costs applied, quotes from all major
subcontractors
D. Utility requirements, detailed building plans and (- specifications, types of rides and exhibits identified, all vendor quotes or
estimates received from subcontractors
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13. AACE INTERNATIONAL CCP PRACTICE TEST
Question No : 6
Answer: D
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.
The following question requires your selection of CCC/CCE Scenario 26 (2.5.50.1.2) from the right side of your split
screen, using the drop down menu, to reference during your
response/choice of responses.
Select the statement that best describes the method to estimate the cost of the new rides:
A. Break down the technology into components
B. Call vendors for quotes
C. Use historical data from past projects
D. Adjust known data from existing rides
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14. AACE INTERNATIONAL CCP PRACTICE TEST
Question No : 7
Answer: B
What is a basic element of work or a task that must be performed over a given period of time in
order to complete a project called?
A. WBS element
B. Activity
C. Resource
D. Commodity
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16. AACE INTERNATIONAL CCP PRACTICE TEST
Question No : 8
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?
A. 4.6%
B. 3.5%
C. 6.6%
D. 2.5%
Answer: D
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17. AACE INTERNATIONAL CCP PRACTICE TEST
Question No : 9
Answer: D
An agricultural corporation that paid 53% in income tax wanted to build a grain elevator designed to
last twenty-five (25) years at a cost of $80,000 with no salvage value. Annual income generated
would be $22,500 and annual expenditures were to be $12,000. Answer the question using a straight
line depreciation and a 10% interest rate. Which of the following interest rates disregards the effects
of compounding periods that occur more frequent than annually?
A. Continuous compounding rate
B. Simple interest rate
C. Minimum attractive rate of return
D. Nominal interest rate
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18. AACE INTERNATIONAL CCP PRACTICE TEST
Question No : 10
Answer: B
An agricultural corporation that paid 53% in income tax wanted to build a grain elevator designed to
last twenty-five (25) years at a cost of $80,000 with no salvage value. Annual income generated
would be $22,500 and annual expenditures were to be $12,000. Answer the question using a straight
line depreciation and a 10% interest rate. If you buy a lot for $3,000 and sell it for $6,000 at the end
of 8 years, what is your annual rate of return?
A. 10.4%
B. 9.1%
C. 8.3%
D. 9.9%
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19. PASS4SURE CCP EXAM FEATURES
CCP Questions Based on Real Exams Scenarios
Experts Verified Questions and Answers
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According to recommended syllabus and Objectives
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