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| Vendor: | AACE International |
|---|---|
| Exam Code: | CCP |
| Exam Name: | Certified Cost Professional (CCP) Exam |
| Exam Questions: | 189 |
| Last Updated: | October 6, 2026 |
| Related Certifications: | CCP Certification |
| Exam Tags: | Professional Level CCP Cost EngineersCCP Project Managers |
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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.
Cost engineers who feel completely satisfied and fulfilled by their work as part of a project team are said to have reached the ______________ stage of Maslow's hierarchy of needs.
Given Scenario:
Cost engineers feel completely satisfied and fulfilled by their work.
Maslow's Hierarchy of Needs:
The stage where individuals feel fulfilled and have reached their full potential is called Self-actualization.
An agricultural corporation that paid 53% in income tax wanted to build a grain elevator designed to last twenty-five (25) years at a cost of $80,000 with no salvage value. Annual income generated would be $22,500 and annual expenditures were to be $12,000.
Answer the question using a straight line depreciation and a 10% interest rate.
The following question requires your selection of CCC/CCE Scenario 17 (4.2.50.1.1) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
All of the following are included in "income tax" calculations except:
Given Scenario:
The question asks which of the following is not included in income tax calculations.
Income tax calculations typically include annual income, annual expenditures, and depreciation. The initial cost of investment is not directly included in income tax calculations but is used for calculating depreciation.
An agricultural corporation that paid 53% in income tax wanted to build a grain elevator designed to last twenty-five (25) years at a cost of $80,000 with no salvage value. Annual income generated would be $22,500 and annual expenditures were to be $12,000.
Answer the question using a straight line depreciation and a 10% interest rate.
The following question requires your selection of CCC/CCE Scenario 17 (4.2.50.1.1) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
Present worth calculations is represented by which of the following equations?

Given Scenario:
The question involves selecting the correct formula for present worth calculations.
The present worth (or present value) formula is typically represented by: PV=FV(1+i)nPV = \frac{FV}{(1 + i)^n}PV=(1+i)nFV which is equivalent to Option D.
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 schedule performance index (SPI)?
The Schedule Performance Index (SPI) is calculated using the formula:
SPI=EarnedValue(EV)PlannedValue(PV)\text{SPI} = \frac{\text{Earned Value (EV)}}{\text{Planned Value (PV)}}SPI=PlannedValue(PV)EarnedValue(EV)
Given:
Total Budgeted Hours = 12,000 hours
Planned Completion = 75%
Percent Complete = 66%
EV=12,0000.66=7,920hours\text{EV} = 12,000 \times 0.66 = 7,920 \text{ hours}EV=12,0000.66=7,920hours PV=12,0000.75=9,000hours\text{PV} = 12,000 \times 0.75 = 9,000 \text{ hours}PV=12,0000.75=9,000hours SPI=7,9209,0000.88\text{SPI} = \frac{7,920}{9,000} \approx 0.88SPI=9,0007,9200.88
So, the correct answer is B. 0.88.
A used concrete pumping truck can be purchased for $125,000. The operation costs are expected to be $65,000 the first year and increase 5% each year thereafter. As a result of the purchase, the company will see an increase in income of $100,000 the first year and 5% more each subsequent year. The company uses straight-line depreciation. The truck will have a useful life of five (5) years and no salvage value. Management would like to see a 10% return on any investment. The company's tax rate is 28%.
Which of the following calculations would not be needed to determine "net income?'
To determine 'net income,' the calculations typically needed include Depreciation, Taxes, and Income Before Taxes. Present Value calculations are typically used in capital budgeting to assess the value of future cash flows today, not directly in the calculation of net income. Net income is determined by subtracting expenses, including depreciation and taxes, from revenues, but present value calculations would not be directly involved in this particular income calculation.
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