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Download Certified Cost Professional (CCP) Exam Exam Dumps
NEW QUESTION 21
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.
A cyclical process model was chosen as the basis for total cost management (TCM) because:
- A. Strategic assets and projects have inherent life cycles
- B. Refinement is needed to prepare the estimate at completion (EAC)
- C. It is one of the basic tenets of quality improvement
- D. It facilitates development of budgets and schedules
Answer: A
NEW QUESTION 22
A systematic coding structure for organizing and managing scope, assets, cost, resources, work and schedule activity information is a______________.
- A. Cost breakdown structure
- B. Cost estimate classification
- C. Code of accounts
- D. Schedule identification number
Answer: C
NEW QUESTION 23
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 assume 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.
If $10,000 is invested now at 10% compounded annually, what will the investments be worth 10 years from now?
- A. $25,940
- B. $21,345
- C. $29,450
- D. $16,180
Answer: A
NEW QUESTION 24
NO: 37
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.
The entire pipe has been received, hangers have been installed, and all pipes are in place. None has been welded or flushed. What percent complete is this project?
- A. 30%
- B. 45%
- C. 95%
- D. 50%
Answer: B
NEW QUESTION 25 
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. $328,810
- C. $375,658
- D. $378,750
Answer: C
NEW QUESTION 26
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