Latest PDF of CCE-CCC: Certified Cost Consultant / Cost Engineer (AACE International)

Certified Cost Consultant / Cost Engineer (AACE International) Practice Test

CCE-CCC exam Format | Course Contents | Course Outline | exam Syllabus | exam Objectives

Exam Details:
- Number of Questions: The Certified Cost Consultant / Cost Engineer (CCE/CCC) exam administered by AACE International typically consists of approximately 150 multiple-choice questions. The exact number of questions may vary.

- Time: Candidates are given a time limit of 5 hours to complete the exam. It is important to manage time effectively to ensure all questions are answered within the allocated time.

Course Outline:
The CCE/CCC certification program focuses on the knowledge and skills required for professionals in the field of cost engineering and cost management. The course material and exam cover a wide range of subjects related to cost estimating, cost control, planning, scheduling, and other essential areas. The course outline may include the following key areas:

1. Cost Engineering Principles:
- Introduction to cost engineering concepts and principles
- Cost engineering terminology and definitions
- Cost engineering standards and practices

2. Cost Estimating:
- Methods and techniques for cost estimating
- Cost estimating models and databases
- Factors affecting cost estimates
- Risk analysis and contingency estimation

3. Cost Control and Monitoring:
- Cost control processes and techniques
- Earned value management (EVM)
- Variance analysis and reporting
- Change management and impact on costs

4. Planning and Scheduling:
- Project planning and scheduling techniques
- Critical path method (CPM)
- Resource allocation and leveling
- Schedule risk analysis

5. Cost Management Systems:
- Cost management software and tools
- Integrated cost and schedule management
- Cost accounting principles and practices
- Cost reporting and performance measurement

Exam Objectives:
The objectives of the CCE/CCC exam typically include:
- Evaluating the candidate's understanding of cost engineering principles and concepts.
- Assessing the candidate's knowledge and proficiency in cost estimating techniques and methods.
- Testing the candidate's ability to implement effective cost control and monitoring practices.
- Evaluating the candidate's proficiency in project planning, scheduling, and resource management.
- Assessing the candidate's understanding of cost management systems and their application in real-world scenarios.

Exam Syllabus:
The specific exam syllabus for the CCE/CCC certification may vary, but it generally includes the following topics:

1. Cost Engineering Principles:
- Introduction to cost engineering
- Cost engineering terminology
- Cost engineering standards

2. Cost Estimating:
- Estimating methods and techniques
- Cost estimating models and databases
- Risk analysis in cost estimates

3. Cost Control and Monitoring:
- Cost control processes and techniques
- Earned value management (EVM)
- Variance analysis and reporting

4. Planning and Scheduling:
- Project planning and scheduling techniques
- Critical path method (CPM)
- Resource allocation and leveling

5. Cost Management Systems:
- Cost management software and tools
- Integrated cost and schedule management
- Cost accounting principles and practices

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CCE-CCC
Certified Cost Consultant / Cost Engineer (AACE International)
https://killexams.com/pass4sure/exam-detail/CCE-CCC
:
QUESTION 87
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
:

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