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In the midst of staggering business and economic turmoil, you need all the tools at
your disposal to help shore up your career prospects. AACE certification can help you
and the organizations that rely on you for help!

The purpose of AACE Certification is to provide a means for well-qualified individuals

in the cost and management industry to establish credentials to recognize their skills,
knowledge and experience, in addition to providing the public and the industry a means
of distinguishing individuals who have met stringent criteria and competency in order to
be AACE Certified.
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1. Grants your professional credentials by providing an impartial endorsement of your knowledge

and expertise.
2. Shows your professional commitment and ability to perform to your peers, supervisors, and
clients.
3. Results in greater recognition from peers for taking that extra step in your professional
development.
4. Enhances your professional image by developing certified professionals who stand out as
examples of excellence.
5. Reflects your personal achievement of proving excellence in your field and meeting industry
standards and requirements.
6. Can improve career opportunities by giving you the edge when being considered for a
promotion or other opportunities.
7. May provide for greater earnings potential through salary and wage increases based on your
certification status.
8. Improves your skills and knowledge through training, study, and keeping up with the industry
via the recertification requirements.
9. Prepares you for greater on-the-job responsibilities by proving that you have invested in your
own professional development.
10. Enriches self-esteem by allowing you to distinguish yourself beyond your job title or academic
degree.

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Pass4sure CCP exam study material is precise and authentic that has been
prepared by the best industry professionals and hence awards you success in just
one go. Pass4sure CCP Certified Cost Professional (CCP) Exam questions
provides you the essence of exam knowledge in a brief and easy to understand
content and enable you to answer well the real CCP exam without any hassle.
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The AACE International portfolio of certifications includes a Technician Level and a

Professional Level. The initial difference between the two are the minimum
experience, education, or a combination of both, required in order to be eligible to take
the examination. Click on the toolbox for the referenced certification for additional
details and important information to help you decide which path is most suitable for
you.
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Examination Details, Policies & Procedures

The Certification Board of AACE International has partnered with Kryterion Global
Testing Solutions as the provider of computer based testing (CBT) for all AACE
certification examinations. With a worldwide network of testing centers, the Kryterion
Testing Network (KTN) ensures each testing center conforms to strict standards to make
certain all test takers have a consistent experience. Additionally, Kryterion Testing Network
proctors are required to follow standard operating procedures and are certified to ensure
the highest level of security and customer care.
You may review testing center locations near you by clicking here or learn more about
AACE certification examinations by selecting an option below.

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AACE International CCP Certification Study Guide is designed to be a companion

workbook to the Skills and Knowledge of Cost Engineering, 5th Edition (S&K 5). The
information contained in S&K 5 represents the minimum general knowledge a cost
engineering professional is expected to have. This study guide does not teach
specifically to the CCP certification exam.
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Question No : 1
The latest allowable end time minus the earliest allowable end time on a schedule
activity is referred to as:
A. Total float
B. Remaining duration
C. Free float
D. Just-in-time scheduling

Answer : A

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Question No : 2
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.
In an exit interview, an employee comments that the reason he is leaving the organization is
lack of teamwork and cohesion among his co-workers. Which need of Maslow's hierarchy of
needs is unmet?
A. Belongingness needs
B. Primary needs
C. Self-actualization needs
D. Esteem needs

Answer : A
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Question No : 3
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 is considered a measure of profitability?
A. Rate of return
B. Annual Dividends
C. Total assets
D. Annual sales

Answer : A
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Question No : 4
Productivity increases with time. This improvement is commonly associated with
improvements in efficiency brought about by increased experience and skill levels.
What does this scenario describe?
A. Productivity efficiency factor
B. Value engineering
C. Cash flow
D. The learning curve

Answer : D

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Question No : 5
NO: 37

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. The entire pipe has been received,
hangers have been installed, and all pipes are in place. None has been welded or
flushed. What percent complete is this project?
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Question No : 5
A. 45%
B. 50%
C. 95%
D. 30%

Answer : A

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Question No : 6
Money is value. Having money when you need it is very important. Money can also be valuable when used
wisely by knowing when to spend and when to conserve Also, planning now for future expenses can be a plus
to the company rather than a debit. There are several ways to capitalize money and spending. Basically there is
the single payment method that has a compound amount factor and a present worth factor. There is the uniform
annual series that has a sinking fund factor, capital recovery factor and also the compound amount factor and
present worth factor. At this point, we can assure money is worth 10%.
The following question requires your selection of CCC/CCE Scenario 7 (4.8.50.1.1) from the right side of your
split screen, using the drop down menu, to reference during your response/choice of responses.
If you are scheduled for a $100,000 payment at the end of each year for the next five years, what is the
equivalent amount if you were to make a lump sum payment now?
A. $162,370
B. $679,397
C. $379,100
D. $500,000

Answer : D
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Question No : 7
A systematic coding structure for organizing and managing scope, assets, cost,
resources, work and schedule activity information is a______________.
A. Cost breakdown structure
B. Code of accounts
C. Cost estimate classification
D. Schedule identification number

Answer : B

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Question No : 8
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.
You are reporting on a roadway project, which was estimated to be 10 miles of road. It was
scheduled to be completed in 16 weeks, which is this week. According to your calculations,
the project has a schedule performance index of 0.80. What would you advise the management
about the scheduled completion date?
A. Project will be completed in 20 more weeks
B. Project will be completed this week - on schedule
C. Project will be completed in 4 more weeks
D. Project will be completed in 12.8 more weeks

Answer : C
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Question No : 9
The written word is often more useful than the spoken. Guidelines for writing
include:
A. Use short sentences; use short words; avoid jargon and abbreviations; use
complete sentences; stick to one idea per paragraph; have a beginning, middle and
end; be accurate
B. Organize the background information; state the problem list the options or
alternatives; state the recommendation (s); conclude and summarize with why the
recommendation is
the best way to proceed
C. Follow an outline; allow some time for "cooling" after compiling the draft before
revising; when revising, allow plenty of time for several sessions
D. Explain, report, describe, clarify, define and demonstrate

Answer : B
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Question No : 10

If you deposit $100 per month for two (2) years and earn interest at 12% APR
(Annual Percentage Rate) compounded monthly, how much will you have at the end
of the period?
A. $2,424
B. $2,976
C. $2,688
D. $2,697

Answer : A

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Total Questions: 115

Last Update: 01-Jan-2016
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