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