CCE-CCC Online Practice Questions and Answers

Budgeted cost of work scheduled is all of the following except:

A. Total costs incurred in accomplishing work in a given-time period

B. Baseline for performance measurement

C. Sum of the budgets for work scheduled

D. Includes portion of the budget for level-of-effort work

_____________is defined as the budget for the cost (work) account times the percent complete for that account.

A. Percent complete

B. Forecast

C. Cost to complete

D. Earned value

Meetings require:

A. Goals, an agenda, preparation, relevant discussions, support for your actions and to consider the total physical and human setting of the meeting

B. Goals, an agenda, preparation, conclusions, control and conversations that are relevant

C. Goals, an agenda, preparation, control, good listening skills and relevant discussions

D. Goals, an agenda, flipchart, computer projector, laser pointer and consulting with others where appropriate

The following question requires your selection of CCC/CCE Scenario 2 (2.3.50.1.2) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.

9,375 hours have been expended to date. Planned completion at this time is 75%. The project is determined to be 66% complete. What is the current cost performance index (CPI)?

A. 0.96

B. 0.84

C. 1.14

D. 0.88

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 30 months, copper prices will have increased by what percentage over today's price?

A. 4.6%

B. 3.5%

C. 6.6%

D. 2.5%

The following question requires your selection of CCC/CCE Scenario 6 (2.7.50.1.3) from the right side of your split screen, using the drop down menu, to reference during your response/choice of responses.

What is the range of estimated quantities?

A. $26.78 to $75.00

B. $485

C. $45 to $530

D. $48.22

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.

Which statement best describes the type of information available for a design phase estimate?

A. Home office detail, specific vendor quotes, preliminary quantities with labor and material factors applied

B. Square footage of buildings, factored indirects, types of rides and exhibits identified, utility requirements, conceptual layouts

C. Detailed construction drawings, quantity takeoffs, detailed labor hours and material costs applied, quotes from all major subcontractors

D. Utility requirements, detailed building plans and (- specifications, types of rides and exhibits identified, all vendor quotes or estimates received from subcontractors

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 methods a used for creating critical path schedules:

A. Precedence diagram method

B. Precedence and arrow diagram methods only

C. Gantt chart (bar chart) method

D. Arrow diagram method

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.

Profits that could not be formally recognized during a specific financial accounting period because the goods and services did not satisfy all the customer's requirements are:

A. Marginal profits

B. Lost profits

C. Incurred profits

D. Postponed profits

In order to withdraw $400 at the end of each year for seven years, what amount should be deposited at 6.0% interest to leave nothing in the fund at the end of seven years?

A. $2,233

B. $3,357

C. $2,483

D. $2,968