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Cyber AB Certified Cost Professional (CCP) CCP Dumps in PDF

Free Cyber AB CCP Real Questions (page: 14)

CCP PDF — 201 Questions

What is a basic element of work or a task that must be performed over a given period of time in order to complete a project called?

  1. WBS element
  2. Activity
  3. Resource
  4. Commodity

Answer(s): B



A concrete slab measuring 10 feet wide by 13.5 feet long by 6 inches deep is to be installed. How many cubic yards of concrete will be required?

  1. 3.0 cubic yards
  2. 2.0 cubic yards
  3. 3.5 cubic yards
  4. 2.5 cubic yards

Answer(s): D



A systematic coding structure for organizing and managing scope, assets, cost, resources, work and schedule activity information is a______________.

  1. Cost breakdown structure
  2. Code of accounts
  3. Cost estimate classification
  4. Schedule identification number

Answer(s): B



Which of the following best describes the concept of total cost management:

  1. A method of quantifying construction damages where the total job costs are subtracted from the original bid or estimate to determine the total cost amount for a claim
  2. The practices and processes utilized to manage the total life cycle cost investment in a portfolio of strategic assets
  3. A job cost system for ensuring all aspects of a particular manufacturing process are accumulated completely
  4. An integrating process that maps the fields of practice of cost engineering without linking it to project management, resource management, or accounting

Answer(s): D



AACE International defines _____________as a technique of economic evaluation that sums over a given study period, the costs of initial investment, replacements, operations, and maintenance/repair; expressed in either present or annual value terms.

  1. Risk analysis
  2. Benefit/Cost ratio (B/C) method
  3. Net present worth method
  4. Life cycle costs method (LCC)

Answer(s): D



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