Verified CCP dumps Q&As - Pass Guarantee Exam Dumps Test Engine [2021]
CCP dumps and 115 unique questions
NEW QUESTION 48
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. Refinement is needed to prepare the estimate at completion (EAC)
- B. It is one of the basic tenets of quality improvement
- C. It facilitates development of budgets and schedules
- D. Strategic assets and projects have inherent life cycles
Answer: D
NEW QUESTION 49 
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. 6,960
- C. 7,200
- D. 6,573
Answer: D
NEW QUESTION 50
A bond that guarantees the bidder will enter into a contract on the basis of his/her bid is referred to as:
- A. Liability bond
- B. Performance bond
- C. Bid bond
- D. Surety bond
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.
The recognition of loss of value of a natural resource used in the production process is referred to as:
- A. Depreciation
- B. Net loss
- C. Capital reduction
- D. Depletion
Answer: D
NEW QUESTION 52
Budgeted cost of work scheduled is all of the following except:
- A. Includes portion of the budget for level-of-effort work
- B. Baseline for performance measurement
- C. Total costs incurred in accomplishing work in a given-time period
- D. Sum of the budgets for work scheduled
Answer: A
NEW QUESTION 53
____________ is the application of total resources ($-workers-supports) and activity durations of the logic diagram.
- A. Forecasting
- B. Planning
- C. Modeling
- D. Scheduling
Answer: D
NEW QUESTION 54
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.
Select the statement that best describes the method to estimate the cost of the new rides:
- A. Use historical data from past projects
- B. Adjust known data from existing rides
- C. Call vendors for quotes
- D. Break down the technology into components
Answer: B
NEW QUESTION 55
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.
Resource planning must take all of the following into account except:
- A. Earned value techniques established for the project
- B. Time available to complete the project
- C. Types of materials, equipment and labor skills required to complete the project
- D. Cash flow (expenditures) limitations for completing work on the project
Answer: A
NEW QUESTION 56 
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 relative frequency of unit costs from Atlanta, GA?
- A. 0
- B. $40.59
- C. $48.33
- D. 33.33%
Answer: D
NEW QUESTION 57
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 weighted average unit cost.
- A. $46.13
- B. $47.63
- C. $48.35
- D. $48.09
Answer: C
NEW QUESTION 58
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, which level should be satisfied first?
- A. Ego-status
- B. Physiological
- C. Self-actualization
- D. Safety needs
Answer: B
NEW QUESTION 59
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.
If $10,000 is scheduled to be paid out 5 years from now, what is the minimum amount we can invest today?
- A. $8,129
- B. $6,209
- C. $3,855
- D. $3,791
Answer: B
NEW QUESTION 60
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. $2.22
- B. $6.80
- C. $3.10
- D. $5.35
Answer: B
NEW QUESTION 61 
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 index value of copper at the end of Year 2? (rounded to 2 decimal positions)
- A. 4.31
- B. 4.24
- C. 4.10
- D. 4.62
Answer: A
NEW QUESTION 62
The latest allowable end time minus the earliest allowable end time on a schedule activity is referred to as:
- A. Total float
- B. Free float
- C. Remaining duration
- D. Just-in-time scheduling
Answer: A
NEW QUESTION 63 
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 64
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