100% Pass Quiz 2025 Perfect CCP: Practice Certified Cost Professional (CCP) Exam Exams

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The CCP Certification Exam is a valuable asset for those seeking to advance their careers in cost engineering, project management, or other related fields. Certified Cost Professional (CCP) Exam certification demonstrates a candidate's commitment to professional development and validates their expertise in cost management and project controls. Obtaining the CCP certification can lead to higher salaries, increased job opportunities, and greater professional recognition.

AACE International CCP (Certified Cost Professional) Certification Exam is a comprehensive exam that tests individuals’ knowledge and expertise in cost management and control. Certified Cost Professional (CCP) Exam certification is globally recognized and is a testament to an individual’s ability to deliver cost-effective solutions. The CCP Certification is particularly important for those in the engineering, construction, and project management fields, as it verifies their understanding of cost engineering concepts.

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The CCP exam is divided into six sections which test a candidate's proficiency in cost estimating, cost control, planning and scheduling, project management, and professional practice. It is a comprehensive exam that covers topics such as cost management processes, cost management tools and techniques, project risk management, and project control systems. CCP Exam is four hours long, consists of 120 multiple-choice questions, and is only available in English. A passing score of 70% or higher is required to earn the CCP designation.

AACE International Certified Cost Professional (CCP) Exam Sample Questions (Q138-Q143):

NEW QUESTION # 138
The following question requires your selection of CCC/CCE Scenario 28 (3.7.50.1.7) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
In the A relationship, the subcontractor might use an unbalance bid to:

A. Reduce the risk of quantities being greater than estimated
B. Provides an alternative to competitive bidding
C. Decrease the chances of extended claim litigation
D. To get more payment early in the job

Answer: D

Explanation:
Given Scenario:
The question is asking what a subcontractor might achieve by using an unbalanced bid in the structure shown as Plan A.
An unbalanced bid is a bidding strategy where the subcontractor assigns higher costs to early stages of work. This allows the subcontractor to receive more money early in the project, reducing their financial risk and providing better cash flow.

NEW QUESTION # 139
The latest allowable end time minus the earliest allowable end time on a schedule activity is referred to as:

A. Remaining duration
B. Total float
C. Free float
D. Just-in-time scheduling

Answer: B

NEW QUESTION # 140
An effort by a prime contractor to reduce the price quoted by a vendor, by providing the bid price to other vendors in an attempt to get the other vendors to underbid the original price quoted is referred to as:

A. Cost-price analysis
B. Bid shopping
C. Costing
D. Negotiating a best and final offer

Answer: B

Explanation:
Bid shopping is an unethical practice where a prime contractor discloses a vendor's bid price to other vendors to encourage them to underbid the original price quoted. This practice can lead to lower quality work or unfair pricing pressures on vendors and is generally frowned upon in the construction industry.
Option A: Costing refers to the process of determining the cost of a product or service, not the manipulation of bids.
Option B: Cost-price analysis involves evaluating the costs and prices of goods or services, not bid manipulation.
Option D: Negotiating a best and final offer is a legitimate practice in procurement to get the best price after initial bids are received but does not involve unethical disclosure of bid prices.
Therefore, C. Bid shopping is the correct answer as it describes the specific practice of using one vendor's bid to undercut prices from others.

NEW QUESTION # 141
Which of the following best describes the concept of total cost management:

A. The practices and processes utilized to manage the total life cycle cost investment in a portfolio of strategic assets
B. A job cost system for ensuring all aspects of a particular manufacturing process are accumulated completely
C. A method of quantifying construction damages where the total job costs are subtracted from the original bid or estimate to determine the total cost amount for a claim
D. An integrating process that maps the fields of practice of cost engineering without linking it to project management, resource management, or accounting

Answer: D

NEW QUESTION # 142
The discount rate is a measure used to convert cash flow streams occurring to different points in time to a common base called the net present worth. What is the discount rate based upon?

A. The interest rate which the client will have to pay on his loan
B. The rate of inflation
C. Bank rate
D. Inflation and interest rates

Answer: D

Explanation:
The discount rate is fundamentally based on inflation and interest rates. It reflects the time value of money, which accounts for the interest rate (reflecting the cost of borrowing money) and the inflation rate (which decreases the purchasing power of money over time). The discount rate is used in discounted cash flow (DCF) analysis to determine the present value of future cash flows.

NEW QUESTION # 143
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