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AACE International CCP Exam
Certified Cost Professional (CCP) (Page 4 )

Updated On: 11-Jan-2026
Page 4 of 24
PDF with 189 Questions

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

  1. Activity total slack
  2. Remaining duration
  3. Just-in-time" scheduling
  4. Free float

Answer(s): A




The following question requires your selection of CCC/CCE Scenario 28 (3.7.50.1.7) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
A reason for using a Construction Manager type agreement is:

  1. To better coordinate contractors
  2. Coordinate the owner and engineer as in Type A
  3. To better coordinate subcontractors
  4. To better coordinate contractors and subcontractors as in Type B

Answer(s): 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.
When analyzing a precedence diagram schedule, the "backward pass"

  1. Allows total float to be calculated
  2. Determines the duration of each activity
  3. Calculates the earliest allowable start and finish times for the activities in the schedule
  4. Allows activities to finish as soon as all their 'predecessor' relationships are satisfied

Answer(s): C



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 percent complete measurement techniques is best suited for long- term non-production accounts (such as overhead accounts)?

  1. Ratio/level of effort
  2. Start/finish
  3. Units completed
  4. Incremental milestone

Answer(s): D



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