CCP Cert Exam, Testking CCP Learning Materials

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The BraindumpsIT is one of the leading brands that have been helping AACE International CCP Certification aspirants for many years. Hundreds of AACE International Certified Cost Professional (CCP) Exam exam applicants have achieved the Certified Cost Professional (CCP) Exam in Procurement and Supply AACE International certification. All these successful AACE International test candidates have prepared with real and updated Certified Cost Professional (CCP) Exam in Procurement and Supply AACE International Questions of BraindumpsIT. If you also want to become Certified Cost Professional (CCP) Exam in Procurement and Supply AACE International certified, you should also prepare with our AACE International Certified Cost Professional (CCP) Exam actual exam questions.

The CCP certification is highly respected within the industry and is recognized internationally. Certified Cost Professional (CCP) Exam certification is an indication of a professional’s expertise and dedication to the field of cost engineering. CCP holders are often sought after by employers and clients for their expertise in cost control, risk management, and project planning.

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AACE International Certified Cost Professional (CCP) Exam Sample Questions (Q54-Q59):

NEW QUESTION # 54
What relationship more accurately defines a situation model of parallel activities that require a partial start of one activity?

A. Star to finish
B. Finish to finish
C. Finish to start
D. Start to start

Answer: D

Explanation:
In project management, the relationship that defines a situation where one activity can partially start as another activity starts is known as Start to Start. This type of dependency is used when two activities need to begin at the same time or when one activity can start before the other finishes but cannot finish before the first activity starts.

NEW QUESTION # 55
A _________contract allows the contractor to freely employ whatever methods and resources it chooses in order to complete the work.

A. Measured unit price
B. Cost reimbursable/Fixed fee
C. Lump-sum/Fixed price
D. Guaranteed maximum price

Answer: C

Explanation:
In a Lump-Sum/Fixed-Price contract, the contractor agrees to complete the work for a set price, regardless of the actual costs incurred. This type of contract is often used when the project scope is well-defined, and the contractor has the freedom to choose methods and resources to complete the work within the agreed price.
Key Points:
Lump-Sum/Fixed-Price Contract:
The contractor has full responsibility for carrying out the project within the agreed-upon price.
The contractor is incentivized to control costs and manage resources efficiently because any cost overruns will reduce their profit margin.
Other Contract Types:
Guaranteed Maximum Price (GMP): The contractor is reimbursed for costs up to a maximum limit. Any costs above this limit are the contractor's responsibility.
Cost Reimbursable/Fixed Fee: The contractor is reimbursed for actual costs incurred, plus an additional fee, which might be a fixed amount or a percentage of the costs.
Measured Unit Price: Payment is made based on the actual quantity of work completed, with predefined rates for each unit.
Conclusion: The correct answer is D. Lump-sum/Fixed price as this contract type gives the contractor the freedom to choose their methods and resources to complete the project, with a focus on efficiency to maximize profit within the fixed price.

NEW QUESTION # 56
Budgeted cost of work scheduled is all of the following except:

A. Baseline for performance measurement
B. Total costs incurred in accomplishing work in a given-time period
C. Includes portion of the budget for level-of-effort work
D. Sum of the budgets for work scheduled

Answer: B

Explanation:
The Budgeted Cost of Work Scheduled (BCWS) is a key concept in project management and cost accounting, particularly in the Earned Value Management (EVM) framework. BCWS represents the cumulative planned costs of work scheduled to be completed up to a specific point in time. It serves as a baseline for measuring performance and comparing actual progress against planned progress.
Explanation of Options:
Option A: Total costs incurred in accomplishing work in a given-time period This option is incorrect because BCWS does not represent the actual costs incurred; rather, it reflects the planned or budgeted costs for the work scheduled to be done. The actual costs incurred would be tracked under the Actual Cost of Work Performed (ACWP).
Option B: Baseline for performance measurement
This is a correct description of BCWS. It is used as a baseline to compare the budgeted costs with the actual costs and earned value, enabling performance measurement and variance analysis.
Option C: Sum of the budgets for work scheduled
This is also correct. BCWS is essentially the sum of the budgeted costs for all scheduled work up to a certain date.
Option D: Includes portion of the budget for level-of-effort work
This is correct as well. BCWS can include portions of the budget allocated to level-of-effort (LOE) tasks, which are support tasks that don't directly contribute to the completion of specific project deliverables but are necessary for the overall project.
Therefore, the correct answer is A, as it inaccurately describes BCWS by confusing it with actual costs incurred, which are instead captured by ACWP.

NEW QUESTION # 57
A contract clause that provides the owner with the right to terminate the contract irrespective of the general contractor's liability is:

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

Answer: D

Explanation:
Termination of Contract for Convenience is a clause in a contract that allows the owner or the principal to terminate the contract at their discretion, irrespective of the general contractor's liability or performance. This type of termination does not require the contractor to be in breach of contract; it allows the owner to end the contract for reasons such as changes in project scope, funding issues, or strategic decisions. While the contractor is typically entitled to compensation for work completed up to the termination, they may not be entitled to the full profit expected if the contract were completed.

NEW QUESTION # 58

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.
An unbalanced bid methodology can best be used by:

A. Engineer/contractor working for the owner (Plan B)
B. Contractor working directly for engineer (plan A or B)
C. Subcontractor working for contractor (Plan A or B)
D. Engineer working for the owner (Plan A)

Answer: A

NEW QUESTION # 59
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CCP Cert Exam, Testking CCP Learning Materials

Updated CCP Pdf Vce - CCP Latest Torrent & CCP Valid Questions

AACE International Certified Cost Professional (CCP) Exam Sample Questions (Q54-Q59):

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