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AACE International CCP Exam Syllabus Topics:

Topic	Details
Topic 1	Basic Skills and Knowledge: This section covers key concepts in cost-related terminology, statistical analysis, economic evaluation, financial reporting, and benchmarking methods crucial for cost engineering.
Topic 2	Cost Control: In this section, candidates are tested for skills related to budgeting, forecasting, cost management techniques like EVM, handling scope changes, and evaluating cost-related risks and performance metrics.
Topic 3	Enterprise in Cost Management: In this section, the skills measured include ERP integration, portfolio management, performance assessment, and value engineering aimed at optimizing costs and improving organizational efficiency.

To be eligible to take the AACE International CCP Exam, candidates must have a minimum of five years of professional cost engineering experience, along with a bachelor’s degree or higher educational qualification. They also need to demonstrate that they have completed 80 hours of professional development training in cost engineering or related fields. These requirements ensure that only highly-experienced and qualified professionals are eligible to sit for the exam.

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CCP Dumps Torrent: Certified Cost Professional (CCP) Exam & CCP Real Questions

The web-based AACE International CCP mock test is compatible with mamy systems. This version of the AACE International CCP practice exam requires an active internet connection. It does not require any additional plugins or software installation to operate. Furthermore, others also support the CCP web-based practice exam. Features of the CCP desktop practice exam software are web-based as well.

AACE International Certified Cost Professional (CCP) Exam Sample Questions (Q104-Q109):

NEW QUESTION # 104
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.
An unbalanced bid methodology can best be used by:

A. Contractor working directly for engineer (plan A or B)
B. Engineer working for the owner (Plan A)
C. Engineer/contractor working for the owner (Plan B)
D. Subcontractor working for contractor (Plan A or B)

Answer: A

Explanation:
Given Scenario:
The question is similar to Question 83, asking who can best use an unbalanced bid methodology.
The correct answer here remains consistent with the logic applied in Question 83. Subcontractors working for contractors in both organizational plans can leverage unbalanced bids.
Answer : B. Subcontractor working for contractor (Plan A or B)

NEW QUESTION # 105
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.
The following question requires your selection of CCC/CCE Scenario 26 (2.5.50.1.2) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
Select the statement that best describes the method to estimate the cost of the new rides:

A. Use historical data from past projects
B. Call vendors for quotes
C. Adjust known data from existing rides
D. Break down the technology into components

Answer: D

Explanation:
When estimating the cost of new, unique ride technology for which there is no historical data, the best approach is to break down the technology into components. This method involves dividing the new technology into smaller, more manageable parts, for which costs can be more easily estimated. By analyzing each component separately, you can apply known costing methods or seek specific vendor quotes for each part. This approach allows for a more accurate estimate when dealing with novel or complex technologies.

NEW QUESTION # 106
The four steps to writing are:

A. Abstract, body conclusion, bibliography
B. Introduction, paragraph, conclusion, works cited
C. Plan, write, cool, revise
D. Start, write, complete, revise

Answer: C

NEW QUESTION # 107
A used concrete pumping truck can be purchased for $125,000. The operation costs are expected to be $65,000 the first year and increase 5% each year thereafter. As a result of the purchase, the company will see an increase in income of $100,000 the first year and 5% more each subsequent year. The company uses straight-line depreciation. The truck will have a useful life of five (5) years and no salvage value. Management would like to see a 10% return on any investment. The company's tax rate is 28%.
Which of the following calculations would not be needed to determine "net income?'

A. Taxes
B. Depreciation
C. Present value
D. Income before taxes

Answer: C

Explanation:
To determine "net income," the calculations typically needed include Depreciation, Taxes, and Income Before Taxes. Present Value calculations are typically used in capital budgeting to assess the value of future cash flows today, not directly in the calculation of net income. Net income is determined by subtracting expenses, including depreciation and taxes, from revenues, but present value calculations would not be directly involved in this particular income calculation.

NEW QUESTION # 108

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.
If the owner in A has a primary goal of completion within budget, the following contract types with the engineer/contractor would be best:

A. Engineer - cost plus, contractor cost plus
B. Engineer fixed price, contactor cost plus
C. Engineer - cost plus, contractor fixed price
D. Engineer - fixed price, contractor fixed price

Answer: D

NEW QUESTION # 109
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