2025 High-quality CCP: Certified Cost Professional (CCP) Exam Valid Test Prep

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You will be able to apply for high-paying jobs in top companies worldwide after passing the AACE International CCP test. The AACE International CCP Exam provides many benefits such as higher pay, promotions, resume enhancement, and skill development.

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AACE International CCP (Certified Cost Professional) Exam is a prestigious certification program designed to recognize the skills and knowledge of cost management professionals. It is administered by AACE International, a non-profit organization that aims to promote excellence in cost engineering, project management, and planning and scheduling disciplines. The CCP Certification is recognized worldwide and serves as a benchmark for employers seeking highly skilled professionals in the field of cost management.

AACE International Certified Cost Professional (CCP) Exam Sample Questions (Q57-Q62):

NEW QUESTION # 57
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 Rensis1 4 model system, the exploitative-authoritative management style is one in which:

A. Management has a lot of confidence in the employees
B. Management issues orders, but employees have some freedom to comment
C. Informal organizations generally support the goals of the formal organization
D. Management makes most decisions and passes them down

Answer: D

Explanation:
In Rensis Likert's management system model, the exploitative-authoritative management style is characterized by a highly centralized decision-making process where management makes most decisions and passes them down to subordinates with little or no input from employees. This style typically involves strict control and limited trust in the workforce, often leading to low employee morale and motivation.

NEW QUESTION # 58
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.
Which of the following percent complete measurement techniques is best suited for long-term non-production accounts (such as overhead accounts)?

A. Ratio/level of effort
B. Start/finish
C. Incremental milestone
D. Units completed

Answer: A

Explanation:
For long-term, non-production accounts (such as overhead accounts), the Ratio/level of effort measurement technique is best suited. This technique is used to measure work that doesn't directly produce deliverables but contributes indirectly to project progress, such as administrative tasks, support activities, and management efforts. The level of effort is typically spread evenly over a time period and is often calculated based on the passage of time rather than specific work units or milestones.

NEW QUESTION # 59
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.
A contractor must purchase a piece of equipment for $150,000. It has an estimated life of 10 years with no salvage value at the end. Ten years from now it will be necessary to purchase another piece of equipment, but this time it will cost $250,000. How much will the contractor need to invest at the end of each year in order to have the right amount?

A. $15,687
B. $16,273
C. $9,412
D. $12,550

Answer: D

Explanation:
To determine how much the contractor needs to invest at the end of each year to accumulate $250,000 in 10 years, we use the sinking fund factor formula:
A=F×(i(1+i)n-1)A = F imes left(rac{i}{(1+i)

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