Certified Cost Professional Question No 11

Question No 11:

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

A. Directive listening
B. Non-listening
C. Visual listening
D. Facilitative listening

Answer: A   

Certified Cost Professional Question No 10

Question No 10:

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?

A. Belongingness needs
B. Primary needs
C. Self-actualization needs
D. Esteem needs

Answer: A

Certified Cost Professional Question No 9

Question No 9:

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

A. Implementing
B. Mission Statement
C. Managing
D. Planning

Answer: D

Certified Cost Professional Question No 8

Question No 8:

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?

A. 3.0 cubic yards
B. 2.0 cubic yards
C. 3.5 cubic yards
D. 2.5 cubic yards

Answer: D

Certified Cost Professional Question No 7

Question No 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.
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?

A. Class 5 - order of magnitude estimate with +50% / -30% accuracy
B. Class 1 - order of magnitude with +30% / -30% accuracy
C. Class 4 - budget estimate with +30% / -15% accuracy
D. Class 2 - definitive estimate with +15%/-5% accuracy

Answer: A

Certified Cost Professional Question No 6

Question No 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.
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 activity
B. Recalculate the early start for each activity
C. Update the remaining duration for each activity
D. Recalculate the critical path

Answer: D

Certified Cost Professional Question No 5

Question No 5:

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?

A. Liability insurance
B. Performance bond
C. Bid bond
D. Surety bond

Answer: B

Certified Cost Professional Question No 4

Question No 4:

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

A. Surety bond
B. Performance bond
C. Bid bond
D. Liability bond

Answer: C

Certified Cost Professional Question No 3

Question No 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 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.
Select the statement that best describes the method to estimate the cost of the new rides:

A. Break down the technology into components
B. Call vendors for quotes
C. Use historical data from past projects
D. Adjust known data from existing rides

Answer: D

Certified Cost Professional Question No 2

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.
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.
Select the statement that best describes the method to estimate the cost of the new rides:

A. Break down the technology into components
B. Call vendors for quotes
C. Use historical data from past projects
D. Adjust known data from existing rides

Answer: D

Certified Cost Professional Question No 1

Question No 1:

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.
When analyzing a precedence diagram schedule, the “backward pass”

A. Allows total float to be calculated
B. Determines the duration of each activity
C. Calculates the earliest allowable start and finish times for the activities in the schedule
D. Allows activities to finish as soon as all their ‘predecessor’ relationships are satisfied

Answer: C