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Exam Code: CCP
Exam Name: Certified Cost Professional (CCP) Exam
One year free update, No help, Full refund!
CCP certification cost Total Q&A: 115 Questions and Answers
Last Update: 2016-12-06

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NO.1 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.
Select the statement that best describes the method to estimate the cost of the new rides:
A. Use historical data from past projects
B. Break down the technology into components
C. Adjust known data from existing rides
D. Call vendors for quotes
Answer: C

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NO.2 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.
Why is a +/- notation necessary when developing an estimate?
A. Contingency cushion
B. There are unknowns that affect the final cost of a project
C. It makes up for the lack of time to develop a real estimate
D. It is a government requirement
Answer: B

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