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 AACE International CCP : Practice Test

Question No : 1

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.

A. Engineer
B. Alternate
C. Project Manager
D. Agent

Answer: D

Question No : 2

Budgeted cost of work scheduled is all of the following except:

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

Answer: D

Question No : 3

Which of the following is NOT an aspect of quality management?

A. Quality assurance
B. Quality planning
C. Quality checking
D. Quality control

Answer: C

Question No : 4

Cost performance index (CPI) is defined by AACE International as: (assume no change in

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 AACE International CCP : Practice Test
budgeted quantities)

A. ACWP/BCWS
B. BCWS/BCWP
C. ACWP/BCWP
D. BCWP/ACWP

Answer: D

Question No : 5

____________ is the application of total resources ($-workers-supports) and activity

durations of the logic diagram.

A. Planning
B. Forecasting
C. Scheduling
D. Modeling

Answer: C

Question No : 6

____________is defined as the earned work hours or dollars for all accounts divided by the
budgeted work hours or dollars for all accounts.

A. Percent complete
B. Cost to complete
C. Earned value
D. Forecast

Answer: A

Question No : 7

_____________is defined as the budget for the cost (work) account times the percent
complete for that account.

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 AACE International CCP : Practice Test
A. Percent complete
B. Forecast
C. Cost to complete
D. Earned value

Answer: D

Question No : 8

____________ is defined as covering work whose component activities are less defined
and whose interrelationships are conditional.

A. Soft logic
B. Hard logic
C. Deductive logic
D. Inductive logic

Answer: A

Question No : 9

A work breakdown structure (WBS) is developed because:

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

Answer: B

Question No : 10

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 AACE International CCP : Practice Test
If a project is said to be on a "fast track program/' the fast track method is:

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

Answer: A

Question No : 11

Any combination of unique letters, numbers, or blanks, which describes and identifies any
activity or task shown on the schedule, is:

A. Activity ID
B. WBS Code
C. Resource
D. Account number

Answer: A

Question No : 12

The process of stating goals and determining the most effective way of reaching them is
the definition for:

A. Implementing
B. Mission Statement
C. Managing
D. Planning

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 AACE International CCP : Practice Test
Answer: D

Question No : 13

A schedule's late dates are calculated during the:

A. Loop calculations
B. Backward pass
C. Forward pass
D. Float

Answer: B

Question No : 14

Which of the following is NOT a type of float?

A. Total
B. Negative
C. Open end
D. Free

Answer: C

Question No : 15

The latest allowable end time minus the earliest allowable end time on a schedule activity
is referred to as:

A. Total float
B. Remaining duration
C. Free float
D. Just-in-time scheduling

Answer: A

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 AACE International CCP : Practice Test

Question No : 16

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?

A. WBS element
B. Activity
C. Resource
D. Commodity

Answer: B

Question No : 17

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?

A. 3.0 cubic yards

B. 2.0 cubic yards
C. 3.5 cubic yards
D. 2.5 cubic yards

Answer: D

Question No : 18

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

A. Cost breakdown structure

B. Code of accounts
C. Cost estimate classification
D. Schedule identification number

Answer: B

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 AACE International CCP : Practice Test

Question No : 19

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

A. 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
B. The practices and processes utilized to manage the total life cycle cost investment in a
portfolio of strategic assets
C. A job cost system for ensuring all aspects of a particular manufacturing process are
accumulated completely
D. An integrating process that maps the fields of practice of cost engineering without linking
it to project management, resource management, or accounting

Answer: D

Question No : 20

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.

A. Risk analysis
B. Benefit/Cost ratio (B/C) method
C. Net present worth method
D. Life cycle costs method (LCC)

Answer: D

Question No : 21

______________can be defined as the determination of that course of action or

combination of alternatives that yields either the lowest cost or the highest profit.

A. Economic optimization
B. Simulation
C. Linear programming
D. Dynamic programming

Answer: D

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 AACE International CCP : Practice Test

Question No : 22

A bond that guarantees the bidder will enter into a contract on the basis of his/her bid is
referred to as:

A. Surety bond
B. Performance bond
C. Bid bond
D. Liability bond

Answer: C

Question No : 23

An effort by a prime contractor to reduce the price quoted by a vendor, by providing the bid
price to other vendors in an attempt to get the other vendors to underbid the original price
quoted is referred to as:

A. Costing
B. Cost-price analysis
C. Bid shopping
D. Negotiating a best and final offer

Answer: C

Question No : 24

What is executed in connection with a contract and secures the performance and fulfillment
of all the undertakings, covenants, terms, conditions and agreements contained in the
contract?

A. Liability insurance
B. Performance bond
C. Bid bond
D. Surety bond

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 AACE International CCP : Practice Test
Answer: B

Question No : 25

Productivity increases with time. This improvement is commonly associated with

improvements in efficiency brought about by increased experience and skill levels. What
does this scenario describe?

A. Productivity efficiency factor

B. Value engineering
C. Cash flow
D. The learning curve

Answer: D

Question No : 26

A contract clause that provides the owner with the right to terminate the contract
irrespective of the general contractor's liability is:

A. Termination of contract - convenience

B. Termination of contract - default
C. Substantial completion
D. Breach of contract

Answer: A

Question No : 27

The purpose of a communication must be understood by ____________ if the message is

to be clear to the

A. Workers; management
B. The speaker; the receiver
C. Management; workers
D. The receiver; the speaker

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 AACE International CCP : Practice Test
Answer: C

Question No : 28

Meetings require:

A. Goals, an agenda, preparation, relevant discussions, support for your actions and to
consider the total physical and human setting of the meeting
B. Goals, an agenda, preparation, conclusions, control and conversations that are relevant
C. Goals, an agenda, preparation, control, good listening skills and relevant discussions
D. Goals, an agenda, flipchart, computer projector, laser pointer and consulting with others
where appropriate

Answer: B

Question No : 29

The goal of listening is to:

A. Analyze what the speaker is saying

B. Find out what is going on
C. Have time to formulate your thoughts on the subject
D. Improve communication

Answer: D

Question No : 30

Some of the principles of good communication are:

A. Seek to clarify your ideas before communicating; examine the true purpose of each
communication; consider the total physical and human setting whenever you communicate;
be mindful, while you communicate, of the overtones as well as the basic content of the
message
B. Tell the other person what to do; give insincere praise; psychoanalyze the other person;
make light of a serious problem; do not gain the trust of anyone; always have a hidden
agenda

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 AACE International CCP : Practice Test
C. Use short words; avoid jargon; avoid acronyms and abbreviations; use complete
sentences; have a beginning, middle and end; be accurate; be interested in what topic is
being communicated
D. The social process by which people in a specific situation construct meaning using
symbolic behavior

Answer: C

Question No : 31

The written word is often more useful than the spoken. Guidelines for writing include:

A. Use short sentences; use short words; avoid jargon and abbreviations; use complete
sentences; stick to one idea per paragraph; have a beginning, middle and end; be accurate
B. Organize the background information; state the problem list the options or alternatives;
state the recommendation (s); conclude and summarize with why the recommendation is
the best way to proceed
C. Follow an outline; allow some time for "cooling" after compiling the draft before revising;
when revising, allow plenty of time for several sessions
D. Explain, report, describe, clarify, define and demonstrate

Answer: B

Question No : 32

The four steps to writing are:

A. Introduction, paragraph, conclusion, works cited

B. Start, write, complete, revise
C. Abstract, body conclusion, bibliography
D. Plan, write, cool, revise

Answer: D

Question No : 33

Two of the most important things to know when planning a speech or lecture are the
______________and______________ of your audience.

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