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Certified Cost Professional (CCP) Exam

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Sample Questions

Question # 1:

A bond that guarantees the bidder will enter into a contract on the basis of his/her bid is referred to as:

A. Surety bondB. Performance bondC. Bid bondD. Liability bond

Answer: C

Question # 2:

What is executed in connection with a contract and secures the performance and fulfillment of all the undertakings, covenants, terms, conditions and agreements contained in the contract?

E. Liability insuranceF. Performance bondG. Bid bondH. Surety bond

Answer: B

Question # 3:

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 project scheduler left the company and has left unfinished work. You have been hired as the new project scheduler and must update the existing schedule. What will be your first

task?

A. Recalculate the early finish for each activityB. Recalculate the early start for each activityC. Update the remaining duration for each activityD. Recalculate the critical path

Answer: D

Question # 4:

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 class of estimate is used for the preliminary design phase of a project?

E. Class 5 - order of magnitude estimate with +50% / -30% accuracyF. Class 1 - order of magnitude with +30% / -30% accuracyG. Class 4 - budget estimate with +30% / -15% accuracyH. Class 2 - definitive estimate with +15%/-5% accuracy

Answer: A

Question # 5:

A concrete slab measuring 10 feet wide by 13.5 feet long by 6 inches deep is to be installed. How many cubic yards of concrete will be required?

I. 3.0 cubic yardsJ. 2.0 cubic yardsK. 3.5 cubic yardsL. 2.5 cubic yards

Answer: D

Question # 6:

The process of stating goals and determining the most effective way of reaching them is the definition for:

A. ImplementingB. Mission StatementC. ManagingD. Planning

Answer: D

Question # 7:

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.In an exit interview, an employee comments that the reason he is leaving the organization is lack of teamwork and cohesion among his co-workers. Which need of Maslow's hierarchy of needs is unmet?

E. Belongingness needsF. Primary needsG. Self-actualization needsH. Esteem needs

Answer: A

Question # 8:

Listening to what is being said by all members of a group or audience and then summarizing or interpreting is called .

A. Directive listeningB. Non-listeningC. Visual listeningD. Facilitative listening

Answer: A

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