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New CCP Test Pattern | CCP Valid Mock Exam

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To qualify for the CCP, candidates must meet certain education and experience requirements, including a minimum of a bachelor's degree and four years of relevant work experience, or an equivalent combination of education and experience. Once eligible, candidates must pass a rigorous four-part exam, covering topics such as cost estimating, planning and scheduling, earned value management, and risk management. CCP exam is designed to assess practical knowledge and skills, and requires a combination of multiple-choice and written answers.

The CCP Certification Exam is known for its comprehensive coverage of cost engineering principles, practices, and methods. CCP exam covers areas such as cost estimating, project planning and control, risk management, and cost analysis. CCP Exam is based on the Body of Knowledge (BoK) published by AACE International, which is regularly updated to reflect changes in the cost engineering profession.

AACE International CCP (Certified Cost Professional) Exam is a prestigious certification program designed to recognize the skills and knowledge of cost management professionals. It is administered by AACE International, a non-profit organization that aims to promote excellence in cost engineering, project management, and planning and scheduling disciplines. The CCP certification is recognized worldwide and serves as a benchmark for employers seeking highly skilled professionals in the field of cost management.

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AACE International CCP PDF Questions Learning Material in Three Different Formats

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AACE International Certified Cost Professional (CCP) Exam Sample Questions (Q138-Q143):

NEW QUESTION # 138

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. 0.84
• B. 0.88
• C. 1.14
• D. 0.96

Answer: C

NEW QUESTION # 139
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.
The following question requires your selection of CCC/CCE Scenario 17 (4.2.50.1.1) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
What is the 25 year after tax present worth of this project?

• A. $(22,533)
• B. $137,466
• C. $22,533
• D. $13,738

Answer: B

Explanation:
To calculate the 25-year after-tax present worth of this project, we need to consider the income, expenses, depreciation, and taxes.
First, calculate the annual depreciation:
Depreciation=Initial CostLife=80,00025=3,200 ext{Depreciation} = rac{ ext{Initial Cost}}{ ext{Life}} = rac{80,000}{25} = 3,200Depreciation=LifeInitial Cost​=2580,000​=3,200 Now, calculate the taxable income each year:
Taxable Income=Revenue-Expenses-Depreciation=22,500-12,000-3,200=7,300 ext{Taxable Income} = ext{Revenue} - ext{Expenses} - ext{Depreciation} = 22,500 - 12,000 - 3,200 = 7,300Taxable Income=Revenue-Expenses-Depreciation=22,500-12,000-3,200=7,300 Calculate the tax:
Tax=Taxable Income×Tax Rate=7,300×0.53=3,869 ext{Tax} = ext{Taxable Income} imes ext{Tax Rate} = 7,300 imes 0.53 = 3,869Tax=Taxable Income×Tax Rate=7,300×0.53=3,869 Net income after tax:
Net Income=Taxable Income-Tax=7,300-3,869=3,431 ext{Net Income} = ext{Taxable Income} - ext{Tax} = 7,300 - 3,869 = 3,431Net Income=Taxable Income-Tax=7,300-3,869=3,431 Add back depreciation (since it's a non-cash expense):
Cash Flow=3,431+3,200=6,631 ext{Cash Flow} = 3,431 + 3,200 = 6,631Cash Flow=3,431+3,200=6,631 Finally, calculate the present worth using the formula for the present worth of an annuity:
Present Worth=6,631×(1-(1+0.10)-250.10)≈137,466 ext{Present Worth} = 6,631 imes left(rac{1-(1+0.10)

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