CCP exam training & CCP certification questions

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Exam Code: CCP

Exam Name: Certified Cost Professional (CCP) Exam

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CCP exam training Total Q&A: 115 Questions and Answers

Last Update: 2016-11-27

CCP Training Material Detail: CCP exam training

 

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NO.1 Which of the following is NOT a type of float?
A. Free
B. Total
C. Open end
D. Negative
Answer: C

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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.
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. There are unknowns that affect the final cost of a project
B. It makes up for the lack of time to develop a real estimate
C. It is a government requirement
D. Contingency cushion
Answer: A

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