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2025 CCP: Realistic Certified Cost Professional (CCP) Exam Free Dump Download 100% Pass Quiz

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To be eligible to take the AACE International CCP Exam, candidates must meet the prerequisites set by the governing board. They must have a minimum of four years of professional experience and a bachelor's degree in a relevant field, or eight years of relevant experience without a degree. CCP exam is available in both computer-based and paper-based formats and covers 120 multiple-choice questions. CCP exam is divided into two parts, Part 1 and Part 2, with a four-hour time limit for each part.

AACE International CCP certification exam is a rigorous and comprehensive assessment of a professional’s knowledge and skills in project cost management. It is a globally recognized credential that demonstrates a candidate’s expertise in cost management techniques, cost engineering, and project control. Certified Cost Professional (CCP) Exam certification is open to experienced professionals who meet the eligibility requirements and pass the CCP Certification Exam. Preparing for the exam requires a deep understanding of project cost management principles and practical experience in applying them effectively.

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AACE International Certified Cost Professional (CCP) Exam Sample Questions (Q138-Q143):

NEW QUESTION # 138
____________is defined as the earned work hours or dollars for all accounts divided by the budgeted work hours or dollars for all accounts.

• A. Percent complete
• B. Earned value
• C. Cost to complete
• D. Forecast

Answer: A

Explanation:
Percent complete is a measure used in project management to quantify the progress of a project. It is defined as the earned work hours or dollars for all accounts divided by the budgeted work hours or dollars for all accounts. This metric provides an indication of how much work has been completed in relation to the total planned work.
Option B: Cost to complete refers to the estimated cost required to finish all remaining project work.
Option C: Earned value is a key metric in Earned Value Management (EVM) that represents the value of the work actually performed.
Option D: Forecast refers to predicting future project performance and outcomes based on current data and trends.
Therefore, A. Percent complete is the correct answer as it accurately describes the ratio of earned work hours or dollars to budgeted work hours or dollars.

NEW QUESTION # 139
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?

• A. Power needs
• B. Safety needs
• C. Belonging needs
• D. Self-actualization

Answer: D

NEW QUESTION # 140
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%.
The compound interest factor used to determine Present Value in year number 5 is:

• A. 0.6830
• B. 0.3790
• C. 1.6051
• D. 0.6209

Answer: D

Explanation:
The compound interest factor used to determine the present value in year 5 with a 10% interest rate is calculated as:
PV=1(1+i)nPV = rac{1}{(1 + i)

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