CCE-CCC Online Practice Questions and Answers

Cost performance index (CPI) is defined by AACE International as: (assume no change in budgeted quantities)

A. ACWP/BCWS

B. BCWS/BCWP

C. ACWP/BCWP

D. BCWP/ACWP

Which of the following is NOT a type of float?

A. Total

B. Negative

C. Open end

D. Free

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?

A. WBS element

B. Activity

C. Resource

D. Commodity

When a person hears the words being said to him/her, but does not receive the message of the words, it is called

A. Reflective listening

B. Judgmental listening

C. Passive listening

D. Directive listening

The following question requires your selection of CCC/CCE Scenario 2 (2.3.50.1.2) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.

9,375 hours have been expended to date. Planned completion at this time is 75%. The project is determined to be 66% complete. What is the current cost performance index (CPI)?

A. 0.96

B. 0.84

C. 1.14

D. 0.88

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.

Why is a +/- notation necessary when developing an estimate?

A. Contingency cushion

B. It makes up for the lack of time to develop a real estimate

C. It is a government requirement

D. There are unknowns that affect the final cost of a project

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"

A. Allows total float to be calculated

B. Determines the duration of each activity

C. Calculates the earliest allowable start and finish times for the activities in the schedule

D. Allows activities to finish as soon as all their 'predecessor' relationships are satisfied

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?

A. Recalculate the early finish for each activity

B. Recalculate the early start for each activity

C. Update the remaining duration for each activity

D. Recalculate the critical path

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.

Given a unit price contract between the owner and contractor, each assumes the following:

A. Bid unit rate, owner quantities can exceed estimate range Contractor can perform above

B. Bid unit rate, owner quantities are within estimate range

C. Contractor can perform at or below bid unit rate, owner quantities can exceed estimate range

D. Contractor can perform at or below bid unit rate, owner quantities are within estimate range

Money is value. Having money when you need it is very important. Money can also be valuable when used wisely by knowing when to spend and when to conserve Also, planning now for future expenses can be a plus to the company rather than a debit.

There are several ways to capitalize money and spending. Basically there is the single payment method that has a compound amount factor and a present worth factor. There is the uniform annual series that has a sinking fund factor, capital recovery factor and also the compound amount factor and present worth factor. At this point, we can assure money is worth 10%.

The following question requires your selection of CCC/CCE Scenario 7 (4.8.50.1.1) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.

If $20,000 is invested at the end of each fiscal year for the next 10 years, how much would our total investment be worth assuming the interest is at 10%?

A. $289,370

B. $318,740

C. $265,798

D. $420,236