Exam Code: CCP
Exam Questions: 191
AACE Certified Cost Professional (CCP)
Updated: 14 Apr, 2026
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Practicing : 1 - 5 of 191 Questions
Question 1

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 following question requires your selection of CCC/CCE Scenario 26 (2.5.50.1.2) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses. Select the statement that best describes the method to estimate the cost of the new rides: 

Options :
Answer: A

Question 2


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. At the end of 30 months, the final price for the piece of equipment will be: 

Options :
Answer: D

Question 3

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. According to Maslow's hierarchy of needs, giving the employees an award that acknowledges their achievements is most likely to satisfy which level of need?

Options :
Answer: D

Question 4

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

Options :
Answer: A

Question 5

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? 

Options :
Answer: B

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