AACE International CCP Exam Dumps

Get All Certified Cost Professional (CCP) Exam Questions with Validated Answers

CCP Pack
Vendor: AACE International
Exam Code: CCP
Exam Name: Certified Cost Professional (CCP) Exam
Exam Questions: 189
Last Updated: August 24, 2026
Related Certifications: CCP Certification
Exam Tags: Professional Level CCP Cost EngineersCCP Project Managers
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Free AACE International CCP Exam Actual Questions

Question No. 1

An American company plans to acquire a new press machine from a Dutch manufacturer under the following conditions. One question remaining to be answered is the expected amount of capital recovery when salvage is accounted for.

The following question requires your selection el Scenario 1.4.150 from the right side of your split screen. using the drop down menu to reference during your response/choice of responses.

Based on your analysis, should the press be purchased?

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Correct Answer: D

Based on the capital recovery analysis and considering the salvage value and the cost of capital, if the calculated capital recovery value is favorable and meets the investment criteria, the correct conclusion is that the press should be purchased. Thus, the correct answer is D. Yes.

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Question No. 2

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.

Which of the following percent complete measurement techniques is best suited for long-term non-production accounts (such as overhead accounts)?

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Correct Answer: A

For long-term, non-production accounts (such as overhead accounts), the Ratio/level of effort measurement technique is best suited. This technique is used to measure work that doesn't directly produce deliverables but contributes indirectly to project progress, such as administrative tasks, support activities, and management efforts. The level of effort is typically spread evenly over a time period and is often calculated based on the passage of time rather than specific work units or milestones.


Question No. 3

You have recently been appointed as the Cost Engineer to oversee process improvement projects for a Discrete Part Manufacturer. You have been asked to calculate the CPI on a project initiated to implement a Value Stream Mapping Initiative. The accountant is only able to provide you with BAC and EAC figures of $ 5000 and 57500 respectively. The CPI is:

unable to be calculated from the information given

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Correct Answer: A

The Cost Performance Index (CPI) is calculated using the formula:

CPI = BAC / EAC

Given:

Budget at Completion (BAC) = $50,000

Estimate at Completion (EAC) = $57,500

CPI = $50,000 / $57,500 = 0.8696

Since CPI < 1, it indicates that the project is over budget. The correct answer is A. <1.


Question No. 4

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.

10,278 hours have been expended to date. The CPI at this point in time is 0.93. SPI is 1.03. How many hours were planned?

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Correct Answer: A

Planned Value (PV) can be interpreted in terms of hours as: PlannedHours=HoursExpendedSPI\text{Planned Hours} = \frac{\text{Hours Expended}}{\text{SPI}}PlannedHours=SPIHoursExpended

Therefore: PlannedHours=10,2781.039,979hours\text{Planned Hours} = \frac{10,278}{1.03} \approx 9,979 \text{ hours}PlannedHours=1.0310,2789,979hours

Answer : A. 9,979 (but option might not be available, so considering context, the closest


Question No. 5

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?

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Correct Answer: D

An award acknowledging employees' achievements is being given.

Maslow's Hierarchy of Needs:

The hierarchy includes five levels: Physiological, Safety, Belongingness, Esteem, and Self-actualization.

Awards and recognition typically fulfill Esteem needs, which include self-respect, achievement, and the respect of others.

Answer : D. Self-actualization


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