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To become certified as a CCP, candidates must first meet specific education and experience requirements. These requirements are designed to ensure that candidates possess the necessary knowledge and experience to succeed in the role of a cost engineer. Upon meeting these requirements, candidates must pass a rigorous exam, which tests their knowledge in areas such as project planning and control, cost estimating and analysis, and cost management and optimization. The CCP Certification holds significant value for professionals seeking to enhance their career in cost engineering and provides employers with confidence that their staff has the necessary knowledge and skills to effectively manage project costs.

The Certified Cost Professional (CCP) Exam certification program provides an in-depth understanding of the principles, methodologies, and techniques used in cost engineering and project management. The program includes courses covering the basic and advanced concepts of cost control, planning, estimating, and scheduling. Moreover, the program is tailored to meet the specific needs of different industries, such as construction, IT, manufacturing, energy, and transportation.

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Passing the CCP certification exam is not only proof of an individual's cost management skills but also indicates their commitment to continuing education and professional development. This credential adds credibility to the individual and enhances their marketability in the job market. CCP Certified professionals often hold senior-level positions in various industries, including construction, engineering, and manufacturing.

AACE International Certified Cost Professional (CCP) Exam Sample Questions (Q125-Q130):

NEW QUESTION # 125
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.
What information is needed to develop a Class 2 definitive estimate?

A. Preliminary quantities with labor, material, and factors applied, square footage of facilities, minimum contingency detailed indirect costs
B. Square footage of facilities, factored indirects and home office costs
C. Vendor quotes, home office detailed estimate, preliminary quantities with labor, material, and factors applied
D. Soil data, detailed construction drawings, quantity takeoffs, minimum contingency detailed indirect costs, detailed engineering estimates

Answer: D

NEW QUESTION # 126
Which of the following best describes the concept of total cost management:

A. A job cost system for ensuring all aspects of a particular manufacturing process are accumulated completely
B. The practices and processes utilized to manage the total life cycle cost investment in a portfolio of strategic assets
C. An integrating process that maps the fields of practice of cost engineering without linking it to project management, resource management, or accounting
D. A method of quantifying construction damages where the total job costs are subtracted from the original bid or estimate to determine the total cost amount for a claim

Answer: C

NEW QUESTION # 127
Some of the principles of good communication are:

A. Use short words; avoid jargon; avoid acronyms and abbreviations; use complete sentences; have a beginning, middle and end; be accurate; be interested in what topic is being communicated
B. Seek to clarify your ideas before communicating; examine the true purpose of each communication; consider the total physical and human setting whenever you communicate; be mindful, while you communicate, of the overtones as well as the basic content of the message
C. Tell the other person what to do; give insincere praise; psychoanalyze the other person; make light of a serious problem; do not gain the trust of anyone; always have a hidden agenda
D. The social process by which people in a specific situation construct meaning using symbolic behavior

Answer: A

NEW QUESTION # 128

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

Answer: B

NEW QUESTION # 129
Which of the following are used for profitability analysis in a construction company?

A. Opportunity costs
B. Booked costs
C. Return on Investment (ROI) and Rate of Return (ROR)
D. Sum of years digits

Answer: C

Explanation:
In a construction company, profitability analysis typically involves calculating the Return on Investment (ROI) and Rate of Return (ROR). ROI measures the profitability of an investment by comparing the gain from the investment to its cost, while ROR calculates the percentage return on each dollar invested. These metrics are critical in determining the financial performance and efficiency of investments in the construction industry.

NEW QUESTION # 130
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