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PDF Exam Material 2021 Realistic CCP Dumps Questions
NEW QUESTION 33
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.
How much money should be set aside today to have $20,000 available eight (8) years from now if the interest rate is 6% compounded annually?
- A. $31,875
- B. $12,550
- C. $13,515
- D. $29,600
Answer: B
NEW QUESTION 34
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 is NOT an advantage of the critical path method:
- A. Reveals activities that additional resources need to be dedicated toward
- B. The ability to show slippage in the progress of key activities
- C. The ability to determine cost overruns of critical path activities
- D. The ability to identify activities that cannot have their schedules slip if the desired project end date is to be achieved
Answer: C
NEW QUESTION 35
Any combination of unique letters, numbers, or blanks, which describes and identifies any activity or task shown on the schedule, is:
- A. Resource
- B. Activity ID
- C. WBS Code
- D. Account number
Answer: B
NEW QUESTION 36 
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. $45 to $530
- B. $26.78 to $75.00
- C. $48.22
- D. $485
Answer: A
NEW QUESTION 37
Some of the principles of good communication are:
- A. Use short words; avoid jargon; avoid acronyms and abbreviations; use complete sentences; have a beginning, middle and end; be accurate; be interested in what topic is being communicated
- B. Tell the other person what to do; give insincere praise; psychoanalyze the other person; make light of a serious problem; do not gain the trust of anyone; always have a hidden agenda
- C. The social process by which people in a specific situation construct meaning using symbolic behavior
- D. Seek to clarify your ideas before communicating; examine the true purpose of each communication; consider the total physical and human setting whenever you communicate; be mindful, while you communicate, of the overtones as well as the basic content of the message
Answer: A
NEW QUESTION 38
The written word is often more useful than the spoken. Guidelines for writing include:
- A. Explain, report, describe, clarify, define and demonstrate
- 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. 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
Answer: D
NEW QUESTION 39
The goal of listening is to:
- A. Have time to formulate your thoughts on the subject
- B. Analyze what the speaker is saying
- C. Improve communication
- D. Find out what is going on
Answer: C
NEW QUESTION 40 
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.
If steel costs $1800/ton at the end of Year 3, what is the price of steel at the end of Year 4?
- A. $1890/ton
- B. $1948/ton
- C. $1863/ton
- D. $1836/ton
Answer: D
NEW QUESTION 41 
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 3, steel prices will have increased by what percentage over today's price? (round to 1 decimal)
- A. 8.7%
- B. 4.6%
- C. 8.2%
- D. 8.0%
Answer: D
NEW QUESTION 42
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, the final price for the piece of equipment will be:
- A. $370,710
- B. $378,750
- C. $328,810
- D. $375,658
Answer: D
NEW QUESTION 43 
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.
9,375 hours have been expended to date. Planned completion at this time is 75%. The project is determined to be 66% complete. What is the current schedule performance index (SPI)?
- A. 0.96
- B. 0.84
- C. 0.88
- D. 1.14
Answer: D
NEW QUESTION 44 
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.
In the A relationship, the subcontractor might use an unbalance bid to:
- A. Decrease the chances of extended claim litigation
- B. Reduce the risk of quantities being greater than estimated
- C. Provides an alternative to competitive bidding
- D. To get more payment early in the job
Answer: B
NEW QUESTION 45
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.
What class of estimate is used for the preliminary design phase of a project?
- A. Class 2 - definitive estimate with +15%/-5% accuracy
- B. Class 4 - budget estimate with +30% / -15% accuracy
- C. Class 5 - order of magnitude estimate with +50% / -30% accuracy
- D. Class 1 - order of magnitude with +30% / -30% accuracy
Answer: C
NEW QUESTION 46
A work breakdown structure (WBS) is developed because:
- A. It can be illustrated by individual bars for major phases, such as permitting, funding, engineering, procurement construction, commission/startup
- B. It can be illustrated by a simple bar, with important milestones represented by symbols at the planned time of occurrence
- C. 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.
- D. 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
Answer: D
NEW QUESTION 47
____________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. Earned value
- C. Cost to complete
- D. Forecast
Answer: A
NEW QUESTION 48
The process of stating goals and determining the most effective way of reaching them is the definition for:
- A. Planning
- B. Mission Statement
- C. Managing
- D. Implementing
Answer: A
NEW QUESTION 49
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.
Cost engineers who feel completely satisfied and fulfilled by their work as part of a project team are said to have reached the ______________ stage of Maslow's hierarchy of needs.
- A. Self-actualizations
- B. Need satisfaction
- C. Esteem
- D. Belonging needs
Answer: A
NEW QUESTION 50
If a project is said to be on a "fast track program/' the fast track method is:
- A. Analyzing the project and specifying the basic approach to be used in its execution; segmenting the project into reasonable number of activities; estimating the time required to perform each activity; placing the activities in time order, considering both sequential and parallel performance
- B. First completing engineering and procurement, then executing construction
- C. Simultaneous working engineering, procurement, and construction, with appropriate overlap from each phase of work so that delays are eliminated and all the work is streamlined into a correct plan of logic/sequence and duration for all of the work
- D. Revising the schedule logic to make it possible to identify constraints of faulty logic; revising the durations in the n p schedule that have been based on assumptions regarding the \hay the work would be performed; revise the resources to work multiple shifts; evaluate the use of overtime
Answer: C
NEW QUESTION 51
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.
Profits that could not be formally recognized during a specific financial accounting period because the goods and services did not satisfy all the customer's requirements are:
- A. Lost profits
- B. Postponed profits
- C. Marginal profits
- D. Incurred profits
Answer: B
NEW QUESTION 52
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