Free AACE International CCP Exam Dumps Questions & Answers

The following question requires your selection of CCC/CCE Scenario 6 (2.7.50.1.3) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
What is the range of estimated quantities?

• A.$45 to $530
• B.$48.22
• C.$485
• D.$26.78 to $75.00

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.
A cyclical process model was chosen as the basis for total cost management (TCM) because:

• A.Strategic assets and projects have inherent life cycles
• B.Refinement is needed to prepare the estimate at completion (EAC)
• C.It is one of the basic tenets of quality improvement
• D.It facilitates development of budgets and schedules

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

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 a method for figuring estimate at completion (EAC)?

• A.BCWS + (BAG -ACWP)
• B.ACWP + (BAC - BCWS)
• C.BCWP + (BAG - ACWP)
• D.ACWP + (BAC - BCWP)

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.Performance bond
• B.Liability insurance
• C.Surety bond
• D.Bid bond