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