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Guide for AACE International Certified Cost Professional (CCP)

Quiz AACE International Certified Cost Professional (CCP)

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/ 10

Quiz

1/10
What do you call a person authorized to represent another (the principal) in some capacity? He/she
can only act within this capacity or "scope of authority" to bind the principal.
Select the answer
1 correct answer
A.
Engineer
B.
Alternate
C.
Project Manager
D.
Agent

Quiz

2/10
Budgeted cost of work scheduled is all of the following except:
Select the answer
1 correct answer
A.
Total costs incurred in accomplishing work in a given-time period
B.
Baseline for performance measurement
C.
Sum of the budgets for work scheduled
D.
Includes portion of the budget for level-of-effort work

Quiz

3/10
Which of the following is NOT an aspect of quality management?
Select the answer
1 correct answer
A.
Quality assurance
B.
Quality planning
C.
Quality checking
D.
Quality control

Quiz

4/10
Cost performance index (CPI) is defined by AACE International as: (assume no change in budgeted
quantities)
Select the answer
1 correct answer
A.
ACWP/BCWS
B.
BCWS/BCWP
C.
ACWP/BCWP
D.
BCWP/ACWP

Quiz

5/10
Is the application of total resources ($-workers-supports) and activity durations of the
logic diagram.
Select the answer
1 correct answer
A.
Planning
B.
Forecasting
C.
Scheduling
D.
Modeling

Quiz

6/10
Is defined as the earned work hours or dollars for all accounts divided by the
budgeted work hours or dollars for all accounts.
Select the answer
1 correct answer
A.
Percent complete
B.
Cost to complete
C.
Earned value
D.
Forecast

Quiz

7/10
Is defined as the budget for the cost (work) account times the percent complete for
that account.
Select the answer
1 correct answer
A.
Percent complete
B.
Forecast
C.
Cost to complete
D.
Earned value

Quiz

8/10
Is defined as covering work whose component activities are less defined and whose
interrelationships are conditional.
Select the answer
1 correct answer
A.
Soft logic
B.
Hard logic
C.
Deductive logic
D.
Inductive logic

Quiz

9/10
A work breakdown structure (WBS) is developed because:
Select the answer
1 correct answer
A.
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.
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 can be illustrated by a simple bar, with important milestones represented by symbols at the planned time of occurrence

Quiz

10/10
If a project is said to be on a "fast track program/' the fast track method is:
Select the answer
1 correct answer
A.
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
B.
First completing engineering and procurement, then executing construction
C.
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
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
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Info quiz:

  • Quiz name:AACE International Certified Cost Professional (CCP)
  • Total number of questions:189
  • Number of questions for the test:50
  • Pass score:80%

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