Reliable CCP Exam Vce | CCP Certified Questions
Reliable CCP Exam Vce | CCP Certified Questions
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Tags: Reliable CCP Exam Vce, CCP Certified Questions, Exam CCP Objectives Pdf, CCP Test Study Guide, Reasonable CCP Exam Price
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AACE International CCP (Certified Cost Professional) Exam is a challenging test designed to assess candidates' knowledge and expertise in cost engineering and management. Certified Cost Professional (CCP) Exam certification is recognized globally and is highly valued by employers in the construction, engineering, and project management sectors. Certified Cost Professional (CCP) Exam certification covers a wide range of topics, including project budgeting and planning, cost estimation and control, risk management, and cost analysis.
The CCP certification serves as a benchmark for employers and clients to assess the professional competencies of a cost engineer. It is a valuable asset for professionals who want to advance their careers in the field of cost engineering. Certified Cost Professional (CCP) Exam certification program is beneficial for individuals who work in various industries such as construction, energy, manufacturing, and transportation. By achieving the CCP Certification, professionals demonstrate their ability to contribute to their organizations by effectively managing their cost and schedule objectives.
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AACE International Certified Cost Professional (CCP) Exam Sample Questions (Q110-Q115):
NEW QUESTION # 110
The latest allowable end time minus the earliest allowable end time on a schedule activity is referred to as:
- A. Free float
- B. Remaining duration
- C. Total float
- D. Just-in-time scheduling
Answer: C
NEW QUESTION # 111
When the project plan is implemented:
- A. Activities are carefully monitored and controlled against the baseline
- B. CPI and SPI can be calculated and reported
- C. The forward and backward pass is identified
- D. The basis for payment applications is formalized
Answer: A
Explanation:
When a project plan is implemented, one of the primary objectives is to ensure that all activities are executed according to the plan. This involves monitoring and controlling activities against the project baseline, which is the original plan plus any approved changes. Monitoring and control are critical processes in project management that involve tracking the progress of the project, identifying variances from the plan, and taking corrective actions when necessary.
Key Points:
Monitoring and Controlling:
Activities are monitored against the project baseline to ensure they are on track in terms of scope, time, and cost.
Control mechanisms are implemented to correct any deviations from the baseline, ensuring that the project objectives are met.
Other Options:
Formalizing Payment Applications: This is related to the financial aspect but not directly linked to the overall project monitoring and control.
Forward and Backward Pass: These are scheduling techniques used during the planning phase, not during the implementation phase.
CPI and SPI Calculation: These are performance metrics calculated during the project, but they are part of the monitoring and control process.
Conclusion: The correct answer is A. Activities are carefully monitored and controlled against the baseline because this is the primary focus during the implementation phase of the project plan.
NEW QUESTION # 112
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 $50 was invested at 6.0% on January 1, year 1, what would be the value of year-end withdrawals made in equal amounts each year for 10 years and leaving nothing in the fund after the tenth withdrawal?
- A. $6.80
- B. $2.22
- C. $5.35
- D. $3.10
Answer: C
Explanation:
To find the value of equal year-end withdrawals made for 10 years with an initial investment of $50 at 6% interest, you use the annuity formula:
A=PV×i×(1+i)n(1+i)n-1A = frac{PV times i times (1 + i)