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The Certified Cost Professional (CCP) Exam certification program provides an in-depth understanding of the principles, methodologies, and techniques used in cost engineering and project management. The program includes courses covering the basic and advanced concepts of cost control, planning, estimating, and scheduling. Moreover, the program is tailored to meet the specific needs of different industries, such as construction, IT, manufacturing, energy, and transportation.

The CCP Certification Exam is a computer-based exam that consists of 120 multiple-choice questions. Candidates have four hours to complete the exam, which is administered in English. CCP exam is administered at Pearson VUE testing centers across the world. To prepare for the CCP certification exam, candidates can take AACE International’s recommended study courses and seminars, read the CEBoK, and review sample questions and practice exams.

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CCP Exam Questions - Successful Guidelines For Preparation [2025]

After successful competition of the AACE International CCP certification, the certified candidates can put their career on the right track and achieve their professional career objectives in a short time period. For the recognition of skills and knowledge, more career opportunities, professional development, and higher salary potential, the AACE International CCP Certification Exam is the proven way to achieve these tasks quickly.

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.

AACE International Certified Cost Professional (CCP) Exam Sample Questions (Q36-Q41):

NEW QUESTION # 36
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.
Resource planning must take all of the following into account except:

A. Cash flow (expenditures) limitations for completing work on the project
B. Time available to complete the project
C. Earned value techniques established for the project
D. Types of materials, equipment and labor skills required to complete the project

Answer: C

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%.
How does the project stand?

A. Schedule is good, cost is bad
B. Schedule is bad cost is good
C. Schedule is bad, cost is bad
D. Schedule is good cost is good

Answer: B

Explanation:
Schedule Performance Index (SPI): This measures schedule efficiency and is calculated as:
SPI = Earned Work Hours / Scheduled Work Hours
SPI = 105,000 / 100,000 = 1.05 (indicating the project is ahead of schedule) Cost Performance Index (CPI): This measures cost efficiency and is calculated as:
CPI = Earned Work Hours / Actual Work Hours Paid
CPI = 105,000 / 110,000 = 0.955 (indicating cost overrun)
Even though the project is slightly ahead of schedule, the cost performance is poor, resulting in a bad cost status despite a seemingly good schedule status. Thus, the overall interpretation should be cautious, but with cost considered primary, the correct conclusion is that the schedule is good, but cost is bad.

NEW QUESTION # 38
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.
The following question requires your selection of CCC/CCE Scenario 17 (4.2.50.1.1) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
Present worth calculations is represented by which of the following equations?

A. Option A
B. Option B
C. Option C
D. Option D

Answer: D

NEW QUESTION # 39
A bond that guarantees the bidder will enter into a contract on the basis of his/her bid is referred to as:

A. Liability bond
B. Surety bond
C. Performance bond
D. Bid bond

Answer: D

NEW QUESTION # 40
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 assume 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 $10,000 is invested now at 10% compounded annually, what will the investments be worth 10 years from now?

A. $25,940
B. $21,345
C. $16,180
D. $29,450

Answer: A

NEW QUESTION # 41
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