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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 May. 28, 2026 (see below)
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.
Money is value. Having money when you need it is very important. Money can also be valuable when used wisely by knowing when to spend and when to conserve. Also, planning now for future expenses can be a plus to the company rather than a debit.
There are several ways to capitalize money and spending. Basically there is the single payment method that has a compound amount factor and a present worth factor. There is the uniform annual series that has a sinking fund factor, capital recovery factor and also the compound amount factor and present worth factor. At this point, we can assume money is worth 10%.
The following question requires your selection of CCC/CCE Scenario 7 (4.8.50.1.1) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
If $10,000 is invested now at 10% compounded annually, what will the investments be worth 10 years from now?
To determine the future value of $10,000 invested at 10% compounded annually for 10 years, you can use the future value formula:
FV=PV(1+i)nFV = PV \times (1 + i)^nFV=PV(1+i)n
Where:
FVFVFV is the future value
PVPVPV is the present value ($10,000)
iii is the interest rate (10% or 0.10)
nnn is the number of periods (10 years)
FV=10,000(1.10)1010,0002.593725,937FV = 10,000 \times (1.10)^{10} \approx 10,000 \times 2.5937 \approx 25,937FV=10,000(1.10)1010,0002.593725,937
Rounded to the nearest value, the correct answer is A. $25,940.
You are analyzing historic unit costs for 18'' Class 5 reinforced concrete pipe is a database. The unit costs include all costs-material, labor, equipment, and other, for the excavation, bedding, pipe and backfill. Refer to the following table:
What is the median unit cost?
The median cost is found by ordering the unit costs and selecting the middle value. The ordered costs are:
$26.78, $34.50, $37.30, $40.00, $46.59, $55.00, $55.00, $65.00, $75.00
Since there are nine data points, the fifth value in this list is the median:
C . $40.00 is the median unit cost.
The following question requires your selection of CCC/CCE Scenario 4 (2.7.50.1.1) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
At the end of Year 4, the commodity which experienced the greatest projected percentage price index increase over today is:
Look at the projected cumulative inflation rates.
Steps:
Manufacturing Labor cumulative inflation over 4 years is the highest as per the table:
2.5% + 3.0% + 3.5% = 9.0%
Compare this with the inflation rates of Steel and Copper:
Steel = 2.5% + 2.5% + 3.0% + 2.0% = 10%
Copper = 1.0% + 1.5% + 2.0% + 2.5% = 7%
Thus, Steel has the greatest projected price index increase over the 4 years.
Answer : C . Steel
An agricultural corporation that paid 53% in income tax wanted to build a grain elevator designed to last twenty-five (25) years at a cost of $80,000 with no salvage value. Annual income generated would be $22,500 and annual expenditures were to be $12,000.
Answer the question using a straight line depreciation and a 10% interest rate.
The following question requires your selection of CCC/CCE Scenario 17 (4.2.50.1.1) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.
Annual estimated tax would be:
To calculate the taxable income:
Annual income: $22,500
Annual expenditures: $12,000
Depreciation: $3,200
Taxable Income: 22,50012,0003,200=7,30022,500 - 12,000 - 3,200 = 7,30022,50012,0003,200=7,300
Tax Rate: 53%
Estimated Annual Tax: 7,3000.53=3,8697,300 \times 0.53 = 3,8697,3000.53=3,869
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