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Guide for AACE International Certified Cost Professional (CCP)

Quiz AACE International Certified Cost Professional (CCP)

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Quiz

1/10
Argument4
What do you call a person authorized to represent another (the principal) in some capacity? He/she can only act within this capacity or "scope of authority" to bind the principal. (A). Engineer (B). Alternate (C). Project Manager (D). Agent
Select the answer
1 correct answer
Option D is correct. Explanation:

Quiz

2/10
Argument3
Budgeted cost of work scheduled is all of the following except: (A). Total costs incurred in accomplishing work in a given-time period (B). Baseline for performance measurement (C). Sum of the budgets for work scheduled (D). Includes portion of the budget for level-of-effort work
Select the answer
1 correct answer
Option D is correct. Explanation:

Quiz

3/10
Argument3
Which of the following is NOT an aspect of quality management? (A). Quality assurance (B). Quality planning (C). Quality checking (D). Quality control
Select the answer
1 correct answer
Option C is correct. Explanation:

Quiz

4/10
Argument3
Cost performance index (CPI) is defined by AACE International as: (assume no change in budgeted quantities) (A). ACWP/BCWS (B). BCWS/BCWP (C). ACWP/BCWP (D). BCWP/ACWP
Select the answer
1 correct answer
Option D is correct. Explanation:

Quiz

5/10
Argument3
____________ is the application of total resources ($-workers-supports) and activity durations of the logic diagram. (A). Planning (B). Forecasting (C). Scheduling (D). Modeling
Select the answer
1 correct answer
Option C is correct. Explanation:

Quiz

6/10
Argument3
____________is defined as the earned work hours or dollars for all accounts divided by the budgeted work hours or dollars for all accounts. (A). Percent complete (B). Cost to complete (C). Earned value (D). Forecast
Select the answer
1 correct answer
Option A is correct. Explanation:

Quiz

7/10
Argument3
_____________is defined as the budget for the cost (work) account times the percent complete for that account. (A). Percent complete (B). Forecast (C). Cost to complete (D). Earned value
Select the answer
1 correct answer
Option D is correct. Explanation:

Quiz

8/10
Argument3
____________ is defined as covering work whose component activities are less defined and whose interrelationships are conditional. (A). Soft logic (B). Hard logic (C). Deductive logic (D). Inductive logic
Select the answer
1 correct answer
Option A is correct. Explanation:

Quiz

9/10
Argument3
A work breakdown structure (WBS) is developed because: (A). It avoids omissions of key product activities through a systematic planning process; removes the complexity of the project by dividing it into manageable units; and provides a framework. (B). It defines specific tasks within a project from which schedules can be developed; it aids in linking activities with resources; it facilitates communication; and it allows integration of project plans (C). It can be illustrated by individual bars for major phases, such as permitting, funding, engineering, procurement construction, commission/startup (D). It can be illustrated by a simple bar, with important milestones represented by symbols at the planned time of occurrence
Select the answer
1 correct answer
Option B is correct. Explanation:

Quiz

10/10
Argument3
If a project is said to be on a "fast track program/' the fast track method is: Certification Exam AACE International Certified Cost Professional (CCP) AACE International AACE-International-CCP 1-2966093081
Select the answer
1 correct answer
Option A is correct. Explanation:
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  • Quiz name:AACE International Certified Cost Professional (CCP)
  • Total number of questions:115
  • Number of questions for the test:50
  • Pass score:80%

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