Title: CCP Questions Answers
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ANSWERS Certified Cost Professional (CCP)
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2- Sample Questions
- Question 1
- A bond that guarantees the bidder will enter into
a contract on the basis of his/her bid is
referred to as - Surety bond
- Performance bond
- Bid bond
- Liability bond
- Answer C
- Question 2
- 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?
3- task?
- Recalculate the early finish for each activity
- Recalculate the early start for each activity
- Update the remaining duration for each activity
- Recalculate the critical path
- Answer D
- Question 4
- 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? - Class 5 - order of magnitude estimate with 50 /
-30 accuracy - Class 1 - order of magnitude with 30 / -30
accuracy - Class 4 - budget estimate with 30 / -15
accuracy
4- Answer D
- Question 6
- The process of stating goals and determining the
most effective way of reaching them is the
definition for - Implementing
- Mission Statement
- Managing
- Planning
- Answer D Question 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. - 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? - Belongingness needs
- Primary needs
- Self-actualization needs
5- Directive listening
- Non-listening
- Visual listening
- Facilitative listening
- Answer A
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