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AACE International CCP Exam Questions
- Topic 1: Basic Skills and Knowledge: This section covers key concepts in cost-related terminology, statistical analysis, economic evaluation, financial reporting, and benchmarking methods crucial for cost engineering.
- Topic 2: Cost Estimating: This section focuses on diverse estimating methodologies, techniques, cost evaluation, and effective management of cost data to ensure precise project estimates.
- Topic 3: Planning and Scheduling: This section covers project planning, resource management, scheduling strategies, and approaches for monitoring, controlling, and assessing schedule risks.
- Topic 4: Cost Control: In this section, candidates are tested for skills related to budgeting, forecasting, cost management techniques like EVM, handling scope changes, and evaluating cost-related risks and performance metrics.
- Topic 5: Project Management: This domain covers the project life cycle, integration management, quality control, contract management, and procurement processes within the project management scope.
- Topic 6: Enterprise in Cost Management: In this section, the skills measured include ERP integration, portfolio management, performance assessment, and value engineering aimed at optimizing costs and improving organizational efficiency.
Free AACE International CCP Exam Actual Questions
Note: Premium Questions for CCP were last updated On Sep. 02, 2026 (see below)
A used concrete pumping truck can be purchased for $125,000. The operation costs are expected to be $65,000 the first year and increase 5% each year thereafter. As a result of the purchase, the company will see an increase in income of $100,000 the first year and 5% more each subsequent year. The company uses straight-line depreciation. The truck will have a useful life of five (5) years and no salvage value. Management would like to see a 10% return on any investment. The company's tax rate is 28%.
Based on the information provided, which statement is most correct?
Based on the provided financials, the truck results in a positive net income after accounting for all expenses, including depreciation and taxes. Since the truck meets the desired 10% return on investment, the most financially sound decision would be to purchase the truck. This conclusion assumes the cash flows and return analysis align with the management's required rate of return.
A work breakdown structure (WBS) is developed because:
A Work Breakdown Structure (WBS) is a hierarchical decomposition of the total scope of work to accomplish the project objectives and create the deliverables. It is a critical tool in project management because it:
Defines specific tasks within a project: The WBS breaks down the project into smaller, more manageable components, making it easier to plan, schedule, and control the project.
Aids in linking activities with resources: By defining specific tasks, the WBS allows project managers to assign resources more effectively, ensuring that each task has the necessary resources to be completed.
Facilitates communication: The WBS serves as a common framework that enhances communication among stakeholders by clearly defining the scope and work involved.
Allows integration of project plans: The WBS provides a structured approach to integrating various project plans, ensuring that all aspects of the project are aligned and can be tracked against the project schedule and budget.
This makes option B the most accurate answer, as it encompasses the fundamental purposes and benefits of a WBS in project management.
An effort by a prime contractor to reduce the price quoted by a vendor, by providing the bid price to other vendors in an attempt to get the other vendors to underbid the original price quoted is referred to as:
Bid shopping is an unethical practice where a prime contractor discloses a vendor's bid price to other vendors to encourage them to underbid the original price quoted. This practice can lead to lower quality work or unfair pricing pressures on vendors and is generally frowned upon in the construction industry.
Option A: Costing refers to the process of determining the cost of a product or service, not the manipulation of bids.
Option B: Cost-price analysis involves evaluating the costs and prices of goods or services, not bid manipulation.
Option D: Negotiating a best and final offer is a legitimate practice in procurement to get the best price after initial bids are received but does not involve unethical disclosure of bid prices.
Therefore, C. Bid shopping is the correct answer as it describes the specific practice of using one vendor's bid to undercut prices from others.
If a project is said to be on a "fast track program/' the fast track method is:
The fast track method in project management is a technique that involves overlapping the phases of engineering, procurement, and construction. Instead of completing these phases sequentially (which is typical in traditional project management), fast tracking allows for simultaneous work on these phases with appropriate overlap. The goal is to reduce the overall project duration by eliminating delays and streamlining the work into a logical and efficient sequence. This method is often used in projects where time is a critical factor.
Option B describes a traditional sequential approach, not fast tracking.
Option C outlines the process of project scheduling and planning, which involves sequencing activities but does not address the simultaneous execution of phases.
Option D focuses on schedule revision and constraint identification, not the simultaneous execution characteristic of fast tracking.
Thus, A. Simultaneous working engineering, procurement, and construction is the correct answer.
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.
Which of the following percent complete measurement techniques is best suited for long-term non-production accounts (such as overhead accounts)?
For long-term, non-production accounts (such as overhead accounts), the Ratio/level of effort measurement technique is best suited. This technique is used to measure work that doesn't directly produce deliverables but contributes indirectly to project progress, such as administrative tasks, support activities, and management efforts. The level of effort is typically spread evenly over a time period and is often calculated based on the passage of time rather than specific work units or milestones.
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