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CCE-CCC - Certified Cost Consultant / Cost Engineer (AACE International) - Dump Information

Vendor : PMI
Exam Code : CCE-CCC
Exam Name : Certified Cost Consultant / Cost Engineer (AACE International)
Questions and Answers : 95 Q & A
Updated On : Click to Check Update
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CCE-CCC Questions and Answers

CCE-CCC


:


QUESTION 87

image


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.

If steel costs $1800/ton at the end of Year 3, what is the price of steel at the end of Year 4? A. $1890/ton

  1. $1863/ton

  2. $1948/ton D. $1836/ton


Answer: D


:


QUESTION 88

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: D


:


QUESTION 89

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.


  1. Economic optimization

  2. Simulation

  3. Linear programming

  4. Dynamic programming


Answer: D


:


QUESTION 90

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?


  1. Liability insurance

  2. Performance bond

  3. Bid bond

  4. Surety bond


Answer: B


:


QUESTION 91

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?


  1. Productivity efficiency factor

  2. Value engineering

  3. Cash flow

  4. The learning curve


Answer: D


:


QUESTION 92

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. Which of the following methods a used for creating critical path schedules:


  1. Precedence diagram method

  2. Precedence and arrow diagram methods only

  3. Gantt chart (bar chart) method

  4. Arrow diagram method


Answer: B


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.


You are reporting on a roadway project, which was estimated to be 10 miles of road. It was scheduled to be completed in 16 weeks, which is this week. According to your calculations, the project has a schedule performance index of 0.80. What would you advise the management about the scheduled completion date?


  1. Project will be completed in 20 more weeks

  2. Project will be completed this week - on schedule

  3. Project will be completed in 4 more weeks

  4. Project will be completed in 12.8 more weeks


Answer: C


:


QUESTION 94

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 project scheduler left the company and has left unfinished work. You have been hired as the new project scheduler and must update the existing schedule. What will be your first task?


  1. Recalculate the early finish for each activity

  2. Recalculate the early start for each activity

  3. Update the remaining duration for each activity

  4. Recalculate the critical path


Answer: D


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:


  1. Capital reduction

  2. Net loss

  3. Depreciation

  4. Depletion


Answer: D


:


PMI CCE-CCC Exam (Certified Cost Consultant / Cost Engineer (AACE International)) Detailed Information

Do I have to be a CAPM, PMP, or a PMI member to apply for other PMI certifications?
No. No one certification serves as a prerequisite for another. You also do not have to be a PMI member to apply to become a certification holder.
How do I earn a PMI certification?
To obtain a PMI certification, you must first meet the eligibility requirements outlined on these web pages and detailed in the certification handbooks. Then, you must pass an exam.
What are the eligibility requirements?
The eligibility requirements for each certification are mentioned here and detailed in the handbook.
How do I complete the application?
All certification applications are available online. Click the "Apply" button on these web pages. Please note that any missing information on the application will delay processing.
What supporting documentation should I send with my application?
When submitting an application, you do not need to send documentation. However, you will be required to send supporting documentation if your application is selected for a random audit. To find out more about PMI's audit process, refer to the certification handbooks and the audit FAQs.
Once I pass the exam or evaluations, what next?
You may refer to yourself as a certification holder although your certificate package can take six to eight weeks to arrive in the mail. Please refer to the "Use of Your PMI Certification" section of the handbooks for more details.
You also can start making plans for maintaining your certification by familiarizing yourself with the Continuing Certification Requirements (CCR) program and its requirements. More details on the CCR program can be found within the CCR Handbook .
How do I schedule a certification exam appointment?
Once you are eligible, PMI will e-mail you examination scheduling instructions with your eligibility code, which you will need when scheduling your exam appointment at a Prometric testing center. You can schedule your exam appointment online or by telephone. Full details can be found in the certification handbook and within the examination scheduling instructions.
Where will the examination be given?
All PMI computer-based exams are offered at all Prometric Testing Centers worldwide. You can check for locations on Prometric's website but you will need to have submitted your certification fees and received your examination scheduling instructions in order to schedule an exam appointment.
Are the exams available in languages other than English?
The PMP and CAPM exams are translated into multiple languages. Please consult the respective certification handbooks for details on specific languages available. The PMI-ACP exam is available in English and Simplified Chinese. The PMI-PBA exam is available in English and will also be available in Simplified Chinese by mid-2016. Other certification exams are not currently translated, but PMI will notify you when translations are available.
If I fail the exam, can I take it again?
If you fail the exam on your first attempt, you can re-take it two more times within your one-year eligibility period. Fees are associated with re-examination. Details for re-examination can be found in the certification handbook.
What happens if my eligibility expires and I have not taken the exam?
Your application is valid for one (1) year from the date of approval. If you allow your eligibility to lapse, you must re-apply.
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