Pass CCP Exam - Real Test Engine PDF with 115 Questions

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NEW QUESTION # 55
A systematic coding structure for organizing and managing scope, assets, cost, resources, work and schedule activity information is a______________.

• A. Code of accounts
• B. Cost estimate classification
• C. Schedule identification number
• D. Cost breakdown structure

Answer: A

NEW QUESTION # 56
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.
Which of the following should be included in the life-cycle cost analysis of a power plant?

• A. Resources, work activities, final cost objects
• B. Factory expenses, distribution expenses, mark-up
• C. Construction cost, operating cost, maintenance cost
• D. Capacity factor, end product units, physical dimensions

Answer: C

NEW QUESTION # 57
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. Negotiating a best and final offer
• B. Cost-price analysis
• C. Bid shopping
• D. Costing

Answer: C

NEW QUESTION # 58
A concrete slab measuring 10 feet wide by 13.5 feet long by 6 inches deep is to be installed. How many cubic yards of concrete will be required?

• A. 2.0 cubic yards
• B. 3.5 cubic yards
• C. 3.0 cubic yards
• D. 2.5 cubic yards

Answer: D

NEW QUESTION # 59
Listening to what is being said by all members of a group or audience and then summarizing or interpreting is called______________.

• A. Directive listening
• B. Visual listening
• C. Facilitative listening
• D. Non-listening

Answer: A

NEW QUESTION # 60
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.
Five years from now it is required the company have $100,000. How much money should be invested at the end of each year to reach this?

• A. $15,397
• B. $16,380
• C. $13,168
• D. $15,937

Answer: B

NEW QUESTION # 61

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 B has as his primary goal to get the project completed and on line as fast as possible, then he would most likely use the ______________type of contract.

• A. Unit Rate
• B. Cost plus
• C. Lump sum
• D. Lump sum + incentive

Answer: D

NEW QUESTION # 62
A work breakdown structure (WBS) is developed because:

• A. It can be illustrated by a simple bar, with important milestones represented by symbols at the planned time of occurrence
• 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 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.

Answer: B

NEW QUESTION # 63
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.
If you buy a lot for $3,000 and sell it for $6,000 at the end of 8 years, what is your annual rate of return?

• A. 9.1%
• B. 9.9%
• C. 10.4%
• D. 8.3%

Answer: A

NEW QUESTION # 64

The following question requires your selection of CCC/CCE Scenario 2 (2.3.50.1.2) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
6,573 hours have been expended to date. Planned completion at this time is 60%. The project is determined to be 55% complete. How many hours have been earned?

• A. 6,600
• B. 6,573
• C. 7,200
• D. 6,960

Answer: B

NEW QUESTION # 65
The written word is often more useful than the spoken. Guidelines for writing include:

• A. Organize the background information; state the problem list the options or alternatives; state the recommendation (s); conclude and summarize with why the recommendation is the best way to proceed
• B. Follow an outline; allow some time for "cooling" after compiling the draft before revising; when revising, allow plenty of time for several sessions
• C. Use short sentences; use short words; avoid jargon and abbreviations; use complete sentences; stick to one idea per paragraph; have a beginning, middle and end; be accurate
• D. Explain, report, describe, clarify, define and demonstrate

Answer: A

NEW QUESTION # 66
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 latest allowable end time minus the earliest allowable end time on a schedule activity is referred to as:

• A. Just-in-time" scheduling
• B. Activity total slack
• C. Remaining duration
• D. Free float

Answer: B

NEW QUESTION # 67

The following question requires your selection of CCC/CCE Scenario 4 (2.7.50.1.1) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
What is the cost of manufacturing labor for the piece of equipment today?

• A. $210,000
• B. $140,000
• C. $105,000
• D. $875,000

Answer: B

NEW QUESTION # 68

The following question requires your selection of CCC/CCE Scenario 6 (2.7.50.1.3) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
Calculate the mean unit cost.

• A. $46.59
• B. $48.22
• C. $48.09
• D. $48.35

Answer: A

NEW QUESTION # 69

The following question requires your selection of CCC/CCE Scenario 4 (2.7.50.1.1) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
At the end of 30 months, copper prices will have increased by what percentage over today's price?

• A. 6.6%
• B. 2.5%
• C. 4.6%
• D. 3.5%

Answer: B

NEW QUESTION # 70
The latest allowable end time minus the earliest allowable end time on a schedule activity is referred to as:

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

Answer: C

NEW QUESTION # 71
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.
You are reporting on a roadway project, which was estimated to be 10 miles of road. It was scheduled to be completed in 16 weeks, which is this week. According to your calculations, the project has a schedule performance index of 0.80. What would you advise the management about the scheduled completion date?

• A. Project will be completed in 20 more weeks
• B. Project will be completed this week - on schedule
• C. Project will be completed in 4 more weeks
• D. Project will be completed in 12.8 more weeks

Answer: C

NEW QUESTION # 72
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.
According to Maslow's hierarchy of needs, giving the employees an award that acknowledges their achievements is most likely to satisfy which level of need?

• A. Power needs
• B. Belonging needs
• C. Self-actualization
• D. Safety needs

Answer: C

NEW QUESTION # 73
_____________is defined as the budget for the cost (work) account times the percent complete for that account.

• A. Cost to complete
• B. Percent complete
• C. Forecast
• D. Earned value

Answer: D

NEW QUESTION # 74

The following question requires your selection of CCC/CCE Scenario 4 (2.7.50.1.1) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
At the end of Year 4, the commodity which experienced the greatest projected percentage price index increase over today is:

• A. Copper
• B. Steel
• C. Manufacturing labor
• D. None of the above

Answer: C

NEW QUESTION # 75

The following question requires your selection of CCC/CCE Scenario 6 (2.7.50.1.3) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
What is the range of estimated quantities?

• A. $26.78 to $75.00
• B. $485
• C. $48.22
• D. $45 to $530

Answer: D

NEW QUESTION # 76
A schedule's late dates are calculated during the:

• A. Float
• B. Loop calculations
• C. Forward pass
• D. Backward pass

Answer: D

NEW QUESTION # 77
The purpose of a communication must be understood by ____________ if the message is to be clear to the

• A. The speaker; the receiver
• B. Workers; management
• C. Management; workers
• D. The receiver; the speaker

Answer: C

NEW QUESTION # 78
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